Hearing Aids Market: By Product Type, Receiver in the Ear, In the Ear, Behind the Ear, Other Hearing Aid Devices), By Type of Hearing Loss, By Technology, By Patient Type, By Distribution Channel, and Geography
Hearing Aids Market size was valued at US$ 6890 million in the year 2023 and is projected to grow at US$ 10707 million till 2030 growing at a CAGR rate of 6.5% from 2024-2030. owing to the increasing prevalence of hearing loss coupled with the rising geriatric population are the major factors that are driving the growth of the market. For instance, approximately 15% of American adults (37.5 Mn) aged 18 and over report some trouble hearing, and more than 90 percent of deaf children are born to hearing parents.
Moreover, the increasing trend for customized implants and rapid advancements in technology in hearing aids fuel the growth of the market over the forecast period. However, the high cost of hearing aids devices and the availability of product substitutes may hinder the growth of the market. The global hearing aids market is surging owing to product launchings by the market players and strategic collaborations among them to strengthen their position in the market. For instance, in March 2019, Semtech Corporation and Sonova, a developer of hearing care solutions, announced a jointly developed advanced radio system. The ultra-small integrated circuit (IC) is said to be a main component for a new generation of hearing aids, enabling support for multiple radio protocols in the 2.4GHz band, as well as effective operation on very low power, according to the announcement.
Study Period
2024-2030Base Year
2023CAGR
6.5%Largest Market
EuropeFastest Growing Market
North America
Disabling hearing loss refers to hearing loss greater than 40 decibels (dB) in the better hearing ear in adults and a hearing loss greater than 30 dB in the better hearing ear in children. The majority of people with disabling hearing loss live in low- and middle-income countries. Approximately, one third of people over 65 years of age are affected by disabling hearing loss. The prevalence in this age group is greatest in South Asia, Asia Pacific, and Sub-Saharan Africa. The prevalence of hearing loss is increasing year over year.
For instance, according to WHO, over 5% of the world's population or 466 million people has disabling hear loss and it is estimated that by 2050 over 900 million people or one in every ten people will have disabling hear loss. The rising prevalence of hear loss is the major factor that drives the growth of the market.
Europe accounted for larger revenue share in global hearing aids market with significant CAGR and is expected to grow over the forecast years owing to increasing number of ageing population in the region and high prevalence of hearing loss and presence of large number of market players in the region boosts the growth of the market.
North America is expected to show faster growth rate over the forecast period owing to rapid advancements in technology in hearing aids and adoption of new technology in the region fuels the growth of the market.
Asia Pacific market is also expected grow over the forecasted period due to increasing prevalence of hearing loss sand increasing geriatric population.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
6.5% |
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By Product Type |
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By Type of Hearing Loss |
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By Technology |
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By Patient Type |
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The global hearing aids market size was valued at 6890 million in 2023 and is set to reach US$ 10707 million by 2030 growing at a CAGR of 9.2%
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1.Executive Summary |
| 2.Global Hearing Aids Market Introduction |
| 2.1.Global Hearing Aids Market - Taxonomy |
| 2.2.Global Hearing Aids Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Type of Hearing Loss |
| 2.2.3.Technology |
| 2.2.4.Patient Type |
| 2.2.5.Region |
| 3.Global Hearing Aids Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Hearing Aids Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Hearing Aids Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Canal Hearing Aids (CHA) |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Receiver in the Ear (RITE) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. In the Ear (ITE) |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Behind the Ear (BTE) |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Other Hearing Aid Devices |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Hearing Aids Market By Type of Hearing Loss, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Conductive Hearing Loss |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Sensorineural Hearing Loss |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Hearing Aids Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Conventional Hearing Aids |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Digital Hearing Aids |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global Hearing Aids Market By Patient Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Adults |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Pediatrics |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9.Global Hearing Aids Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Hearing Aids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Canal Hearing Aids (CHA) |
| 10.1.2.Receiver in the Ear (RITE) |
| 10.1.3.In the Ear (ITE) |
| 10.1.4.Behind the Ear (BTE) |
| 10.1.5.Other Hearing Aid Devices |
| 10.2. Type of Hearing Loss Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Conductive Hearing Loss |
| 10.2.2.Sensorineural Hearing Loss |
| 10.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Conventional Hearing Aids |
| 10.3.2.Digital Hearing Aids |
| 10.4. Patient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Adults |
| 10.4.2.Pediatrics |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Hearing Aids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Canal Hearing Aids (CHA) |
| 11.1.2.Receiver in the Ear (RITE) |
| 11.1.3.In the Ear (ITE) |
| 11.1.4.Behind the Ear (BTE) |
| 11.1.5.Other Hearing Aid Devices |
| 11.2. Type of Hearing Loss Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Conductive Hearing Loss |
| 11.2.2.Sensorineural Hearing Loss |
| 11.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Conventional Hearing Aids |
| 11.3.2.Digital Hearing Aids |
| 11.4. Patient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Adults |
| 11.4.2.Pediatrics |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Hearing Aids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Canal Hearing Aids (CHA) |
| 12.1.2.Receiver in the Ear (RITE) |
| 12.1.3.In the Ear (ITE) |
| 12.1.4.Behind the Ear (BTE) |
| 12.1.5.Other Hearing Aid Devices |
| 12.2. Type of Hearing Loss Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Conductive Hearing Loss |
| 12.2.2.Sensorineural Hearing Loss |
| 12.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Conventional Hearing Aids |
| 12.3.2.Digital Hearing Aids |
| 12.4. Patient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Adults |
| 12.4.2.Pediatrics |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Hearing Aids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Canal Hearing Aids (CHA) |
| 13.1.2.Receiver in the Ear (RITE) |
| 13.1.3.In the Ear (ITE) |
| 13.1.4.Behind the Ear (BTE) |
| 13.1.5.Other Hearing Aid Devices |
| 13.2. Type of Hearing Loss Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Conductive Hearing Loss |
| 13.2.2.Sensorineural Hearing Loss |
| 13.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Conventional Hearing Aids |
| 13.3.2.Digital Hearing Aids |
| 13.4. Patient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Adults |
| 13.4.2.Pediatrics |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Hearing Aids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Canal Hearing Aids (CHA) |
| 14.1.2.Receiver in the Ear (RITE) |
| 14.1.3.In the Ear (ITE) |
| 14.1.4.Behind the Ear (BTE) |
| 14.1.5.Other Hearing Aid Devices |
| 14.2. Type of Hearing Loss Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Conductive Hearing Loss |
| 14.2.2.Sensorineural Hearing Loss |
| 14.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Conventional Hearing Aids |
| 14.3.2.Digital Hearing Aids |
| 14.4. Patient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Adults |
| 14.4.2.Pediatrics |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Amplifon |
| 15.2.2.Audina Hearing Instruments, Inc. |
| 15.2.3.Cochlear Ltd. |
| 15.2.4.GN Hearing AS |
| 15.2.5.Horentek Hearing Diagnostics |
| 15.2.6.Sonova |
| 15.2.7.William Demant |
| 15.2.8.SeboTek Hearing Systems |
| 15.2.9.Arphi Electronics |
| 15.2.10.Microson |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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