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Healthcare and Pharmaceuticals industry

Hearing Aids market 2020 BY MANUFACTURERS, REGIONS, TYPE AND APPLICATION, FORECAST TO 2026

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Report Description

A hearing aid is a device designed to improve hearing by making sound audible to a person with hearing loss. Increasing number of people with disabling hearing loss is expected to propel growth of the global hearing aids market over the forecast period. For instance, according to the World Health Organization, over 900 million people will have disabling hearing loss by 2050. Moreover, availability of advanced solutions is also expected to aid in growth of the market. For instance, in May 2020, Starkey updated its Thrive Hearing Control app to enable the Fall Alert feature in the “basic mode” for both iOS and Android versions.

Increasing geriatric population is expected to offer lucrative growth opportunities for players in the global hearing aids market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034. Moreover, launch of products in response to the Covid-19 pandemic is also expected to aid in growth of the market. For instance, in April 2020, Phonak launched a new telehealth technology comprised of a suite of Phonak eSolutions featuring online hearing testing and real-time remote hearing aid fitting, programming and fine-tuning as a response to the immediate need for those with hearing loss to receive essential care amid the COVID-19 pandemic.

The Covid-19 pandemic has significantly impacted the global hearing aids market. For instance, in June 2020, Starkey released a new comprehensive resource for hearing healthcare professionals following the economic downturn related to the COVID-19 pandemic. Similarly, in April 2020, Phonak announced a series of steps to boost support for hearing health care professionals and their patients and the creation of a COVID-19 Info Hub for all hearing care professionals.

Major players in the global hearing aids market are focused on launching new products to expand their product portfolio. For instance, in January 2020, Phonak launched Phonak Virto Black, a fully-connected in-the-ear (ITE) hearing aid at CES 2020.

Key Takeaways

  • Increasing number of people with disabling hearing loss to augment growth of the global hearing aids market over the forecast period
  • Major players in the global hearing aids market are focused on offering advanced products to enhance their market share. For instance, in February 2020, Phonak made available Marvel technology in an expanded portfolio of custom in-the-ear (ITE), super-power, and pediatric hearing aids across multiple performance levels.
  • Major players operating in the global hearing aids market include, Oticon, Siemens, Phonak, Starkey, Widex, and ReSound

Market Taxonomy

This report segments the global hearing aids market on the basis of technology, product type, and geography. On the basis of technology, the market is categorized into Conventional and Digital hearing aids. Among these, the digital hearing aids segment dominate the hearing aids market throughout the forecast period. On the basis of product type, the market is divided into behind the ear hearing aids, receiver in the ear hearing aids, in the ear hearing aids completely in the ear hearing aids and in the canal hearing aids. Among type of products, behind the ear hearing aids holds major market share as this type of products preferred more by deaf people due to their comfortability and design as the user can hide the device at the back side of ear.

Key features of the study:

• This report provides in-depth analysis of the hearing aids market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017-2025)
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global hearing aids market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
• The global hearing aids market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical device companies, new entrants, and financial analysts
• Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the hearing aids market

Detailed Segmentation:

• Global Hearing Aids Market, By Technology:
o Conventional Hearing Aid
o Digital Hearing Aid
• Global Hearing Aids Market, By Product:
o Behind the Ear Hearing Aids
o Receiver in the Ear Hearing Aids
o In the Ear Hearing Aids
o Completely In the Ear Hearing Aids
o In the Canal Hearing Aids
• Global Hearing Aids Market, By Geography:
o North America
 North America Hearing Aids Market, By Technology:
 Conventional Hearing Aid
 Digital Hearing Aid
 North America Hearing Aids Market, By Product:
 Behind the Ear Hearing Aids
 Receiver in the Ear Hearing Aids
 In the Ear Hearing Aids
 Completely In the Ear Hearing Aids
 In the Canal Hearing Aids
 North America Hearing Aids Market, By Country:
 U.S.
 Canada
o Europe
 Europe Hearing Aids Market, By Technology:
 Conventional Hearing Aid
 Digital Hearing Aid
 Europe Hearing Aids Market, By Product:
 Behind the Ear Hearing Aids
 Receiver in the Ear Hearing Aids
 In the Ear Hearing Aids
 Completely In the Ear Hearing Aids
 In the Canal Hearing Aids
 Europe Hearing Aids Market, By Country:
 Germany
 U.K.
 France
 Italy
 Spain
 Russia
 Rest of Europe
o Asia-Pacific
 Asia-Pacific Hearing Aids Market, By Technology:
 Conventional Hearing Aid
 Digital Hearing Aid
 Asia-Pacific Hearing Aids Market, By Product:
 Behind the Ear Hearing Aids
 Receiver in the Ear Hearing Aids
 In the Ear Hearing Aids
 Completely In the Ear Hearing Aids
 In the Canal Hearing Aids
 Asia-Pacific Hearing Aids Market, By Country:
 China
 India
 Japan
 Australia
 South Korea
 ASEAN
 Rest of Asia-Pacific
o Latin America
 Latin America Hearing Aids Market, By Technology:
 Conventional Hearing Aid
 Digital Hearing Aid
 Latin America Hearing Aids Market, By Product:
 Behind the Ear Hearing Aids
 Receiver in the Ear Hearing Aids
 In the Ear Hearing Aids
 Completely In the Ear Hearing Aids
 In the Canal Hearing Aids
 Latin America Hearing Aids Market, By Country:
 Brazil
 Mexico
 Argentina
 Rest of Latin America
o Middle East
 Middle East Hearing Aids Market, By Technology:
 Conventional Hearing Aid
 Digital Hearing Aid
 Middle East Hearing Aids Market, By Product:
 Behind the Ear Hearing Aids
 Receiver in the Ear Hearing Aids
 In the Ear Hearing Aids
 Completely In the Ear Hearing Aids
 In the Canal Hearing Aids
 Middle East Hearing Aids Market, By Country:
 GCC
 Israel
 Rest of Middle-East
o Africa
 Africa Hearing Aids Market, By Technology:
 Conventional Hearing Aid
 Digital Hearing Aid
 Africa Hearing Aids Market, By Product:
 Behind the Ear Hearing Aids
 Receiver in the Ear Hearing Aids
 In the Ear Hearing Aids
 Completely In the Ear Hearing Aids
 In the Canal Hearing Aids
 Africa Hearing Aids Market, By Country:
 North Africa
 Central Africa
 South Africa

• Company Profiles

o Sivantos Inc. *
 Company Overview
 Product Portfolio
 Market Presence
 Financial Overview
 Key Developments
 Strategies
o Sonova Holding AG
o Cochlear Ltd
o SeboTek Hearing Systems, LLC
o Zounds Hearing Inc.
o Oticon A/S
o Sonic Innovations Inc.
o MED-EL
o GN Hearing
o William Demant Holding A/S
"*" marked represents similar segmentation in other categories in the respective section.

Table of Contents
1. Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations
2. Market Purview
o Report Description
? Market Definition and Scope
o Executive Summary
? Market Snippet By Different Segments
? Coherent Attractive Investment Proposition and Total Addressable Market
3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
? Drivers, Restraints and Opportunities
? Regulatory Scenario
? Market Trends
? PEST Analysis
4. Global Hearing Aids Market, By Technology, 2016 - 2025 (US$ Million)
o Introduction
? Market Share Analysis, 2017 and 2025 (%)
? Y-O-Y Growth Analysis, 2016 - 2025
? Segment Trends
o Conventional Hearing Aid
? Introduction
? Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
o Digital Hearing Aid
? Introduction
? Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
5. Global Hearing Aids Market, By Product Type, 2016 - 2025 (US$ Million)
o Introduction
? Market Share Analysis, 2017 and 2025 (%)
? Y-O-Y Growth Analysis, 2016 - 2025
? Segment Trends
o Behind the Ear Hearing Aids
? Introduction
? Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
o Receiver in the Ear Hearing Aids
? Introduction
? Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
o In the Ear Hearing Aids
? Introduction
? Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
o Completely In the Ear Hearing Aids
? Introduction
? Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
o In the Canal Hearing Aids
? Introduction
? Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
6. Global Hearing Aids Market, By Geography, 2016 - 2025 (US$ Million)
o Introduction
? Market Share Analysis, By Geography, 2017 and 2025 (%)
? Y-O-Y Growth Analysis, 2016 - 2025
? Regional Trends
o North America
? Introduction
? Market Share Analysis, By Country, 2017 and 2025 (%)
? Country Trends
? Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
? U.S.
? Canada
o Europe
? Introduction
? Market Share Analysis, By Country, 2017 and 2025 (%)
? Country Trends
? Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
? U.K.
? Germany
? Italy
? France
? Russia
? Rest of Europe
o Asia Pacific
? Introduction
? Market Share Analysis, By Country, 2017 and 2025 (%)
? Country Trends
? Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
? China
? India
? Japan
? ASEAN
? Australia
? South Korea
? Rest of Asia Pacific
o Latin America
? Introduction
? Market Share Analysis, By Country, 2017 and 2025 (%)
? Country Trends
? Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
? Brazil
? Argentina
? Rest of Latin America
o Middle East
? Introduction
? Market Share Analysis, By Country, 2017 and 2025 (%)
? Country Trends
? Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
? GCC
? Israel
? Rest of Middle East
o Africa
? Introduction
? Market Share Analysis, By Country, 2017 and 2025 (%)
? Country Trends
? Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
? North Africa
? Central Africa
? South Africa
7. Competitive Landscape
o Company Profiles
? Sivantos Inc.
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
? Sonova Holding AG
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
? Cochlear Ltd
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
? SeboTek Hearing Systems, LLC
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
? Zounds Hearing Inc.
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
? Oticon A/S
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
? MED-EL
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
? Sonic Innovations Inc.
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
? GN Hearing
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
? William Demant Holding A/S
? Company Highlights
? Key Developments
? Product Portfolio
? Market Presence
? Investment Raised
? Marketing and Promotional Activities
? Strategic Presence
o Analyst Views
8. Section
o Research Methodology
o About us and Services
*Browse 90 market data tables and 40 figures on "Hearing Aids Market - Global forecast to 2025".

 

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Frequently Asked Questions

The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
The report efficiently evaluates the current market size and provides industry forecast. The market was valued at xx Million US$ in 2019, and is expected to grow at a CAGR of xx% during the period 2020-2027.
The report efficiently evaluates the current market size and provides forecast for the industry in terms of Value (US$ Mn) and Volume (Mn Units).
Market is segmented by Product Types, Drug Class, Indication, Applications, Services Types, End-users, Distribution channel, and Regions.
The report presents the current market size, and market forecast, market opportunities, key drivers and restraints, pipeline Analysis, incidence rate, epidemiology analysis, prevalence rate, regulatory scenario, industry trend, PESTLE analysis, PORTER’s analysis, new product approvals/launch, promotion and marketing initiatives, pricing analysis, export-import analysis, trade analysis, competitive landscape which help businesses in decision making. The analysis data is based on current and historical market trends which help in investment related decisions.
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