Global Hearing Aids Market, By Product Type (Receiver-in-the-ear Hearing Aids, Behind-the-ear Hearing Aids, Canal Hearing Aids, In-the-ear Hearing Aids, Bone Anchored Hearing Aids), By End-User (Adults, Pediatrics), and opportunities and forecast 2020-2027
Hearing Aids Market Overview
In the last few years, tremendous technological developments in the healthcare sector have helped in rising the life span of people by providing them better and effective health care. The global Hearing Aids market is expected to grow at a significant rate in the forthcoming years. Several factors such as the rise in the incidence of hearing loss due to the ageing population, increased knowledge of technologically sophisticated devices for the treatment of deafness, and large utilization of these devices are boosting the growth of the global Hearing Aids market.
Furthermore, hearing service offices and general healthcare service associations of local governments in both developed and developing economies are emphasizing the distribution of hearing aid and early screening of deafness. Additionally, as the healthcare sector in developing countries is moving towards privatization, healthcare infrastructure in these countries is undergoing rapid development. Also, education and augmented awareness about health among people are playing a crucial role in growing the demand for these devices and their diagnostic services. Each of these factors is anticipated to have a definite impact on the global Hearing Aids market during the forecast period.
Moreover, many countries are focused on reducing deafness and this, in turn, has led to the introduction of several initiatives that aim to promote awareness and provide free care to patients. In addition, subsidies, grants, and funding are offered by governments all across the world to prevent and manage hearing disorders. These key factors are remarkably propelling the growth of the Hearing Aids market.
Covid-19 Impact on Hearing Aids Market
In addition, the current Hearing Aids Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Hearing Aids Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market. The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Hearing Aids Market Segment Overview
According to Product, the Behind-the-ear (BTE) Hearing Aids is the largest segment in the global Hearing Aids market. BTE hearing aids come with a compact curved case that sits just behind the ear suitably. Connecting these devices to external sources of sound, such as auditory training equipment and infrared listening systems allows them to be modified. Additionally, Bluetooth compatibility is available in a variety of BTE models, allowing for enhanced wireless communication. Eventually, such technological innovations are expected to intensify the growth of the global hearing aids market in the coming years.
Hearing Aids Market, By Product Type · Receiver-in-the-ear Hearing Aids · Behind-the-ear Hearing Aids · Canal Hearing Aids · In-the-ear Hearing Aids · Bone Anchored Hearing Aids
Hearing Aids Market, By End-User · Adults · Pediatrics
Hearing Aids Market Regional Overview
In terms of region, Europe holds a dominant position in the global Hearing Aids market. This is because a large number of customers are capable and can afford hearing aids owing to their high disposable income. Also, continuous support and development of medical technology have augmented the demand for hearing aids in this region. Similarly, North America is also considered one of the major regions for this market. Large numbers of key players are present in the region is the main reason behind the growth of the market in this region. The market in the Asia Pacific region is projected to expand at a healthy pace during the forecast period. Factors such as emerging healthcare infrastructure and growing awareness about health issues and treatment are propelling the growth of the market in this region.
Hearing Aids Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Hearing Aids Market Competitor overview
Some key developments and strategies adopted by manufacturers in Hearing Aids are highlighted below.
. In August 2021, Phonak has revealed the latest hearing aid with rechargeable batteries and waterproofing. The Phonak Audéo Life is called “the world’s first rechargeable hearing aid that is waterproof, showerproof, and sweatproof.”
Hearing Aids Market, Key Players
· GN ReSound · Widex A/S · Siemens Healthcare · Starkey · the William Demant Holding Group · Sonova Holding AG · Benson Hearing · MED-EL · Medtronic · Sivantos Pte LTD.
Hearing Aids Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Hearing Aids Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product Type
5.2.1. Receiver-in-the-ear Hearing Aids
5.2.2. Behind-the-ear Hearing Aids
5.2.3. Canal Hearing Aids
5.2.4. In-the-ear Hearing Aids
5.2.5. Bone Anchored Hearing Aids
5.3. Market Analysis, Insights and Forecast – By End-User
5.3.1. Adults
5.3.2. Pediatrics
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America, Middle East and Africa
6. North America Hearing Aids Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Product Type
6.2.1. Receiver-in-the-ear Hearing Aids
6.2.2. Behind-the-ear Hearing Aids
6.2.3. Canal Hearing Aids
6.2.4. In-the-ear Hearing Aids
6.2.5. Bone Anchored Hearing Aids
6.3. Market Analysis, Insights and Forecast – By End-User
6.3.1. Adults
6.3.2. Pediatrics
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.2. Canada
7. Europe Hearing Aids Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Product Type
7.2.1. Receiver-in-the-ear Hearing Aids
7.2.2. Behind-the-ear Hearing Aids
7.2.3. Canal Hearing Aids
7.2.4. In-the-ear Hearing Aids
7.2.5. Bone Anchored Hearing Aids
7.3. Market Analysis, Insights and Forecast – By End-User
7.3.1. Adults
7.3.2. Pediatrics
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Rest of Europe
8. Asia Pacific Hearing Aids Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Product Type
8.2.1. Receiver-in-the-ear Hearing Aids
8.2.2. Behind-the-ear Hearing Aids
8.2.3. Canal Hearing Aids
8.2.4. In-the-ear Hearing Aids
8.2.5. Bone Anchored Hearing Aids
8.3. Market Analysis, Insights and Forecast – By End-User
8.3.1. Adults
8.3.2. Pediatrics
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Australia
8.4.5. South East Asia
8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Hearing Aids Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Product Type
9.2.1. Receiver-in-the-ear Hearing Aids
9.2.2. Behind-the-ear Hearing Aids
9.2.3. Canal Hearing Aids
9.2.4. In-the-ear Hearing Aids
9.2.5. Bone Anchored Hearing Aids
9.3. Market Analysis, Insights and Forecast – By End-User
9.3.1. Adults
9.3.2. Pediatrics
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Brazil
9.4.2. Saudi Arabia
9.4.3. UAE
9.4.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. GN ReSound
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. Widex A/S
10.6. Siemens Healthcare
10.7. Starkey
10.8. the William Demant Holding Group
10.9. Sonova Holding AG
10.10. Benson Hearing
10.11. MED-EL
10.12. Medtronic
List of Figures
Figure 1: Global Hearing Aids Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Hearing Aids Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Hearing Aids Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Hearing Aids Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Hearing Aids Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Hearing Aids Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Hearing Aids Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Hearing Aids Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Hearing Aids Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Hearing Aids Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Hearing Aids Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Hearing Aids Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Hearing Aids Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Hearing Aids Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Hearing Aids Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Hearing Aids Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Hearing Aids Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Hearing Aids Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Hearing Aids Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Hearing Aids Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Hearing Aids Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Hearing Aids Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Hearing Aids Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Hearing Aids Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Hearing Aids Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Hearing Aids Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Hearing Aids Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Hearing Aids Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Hearing Aids Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Hearing Aids Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Hearing Aids Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Hearing Aids Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Hearing Aids Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Hearing Aids Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Hearing Aids Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Hearing Aids Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Hearing Aids Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Hearing Aids Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Hearing Aids Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Hearing Aids Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Hearing Aids Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Hearing Aids Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Hearing Aids Market Revenue (USD Billion) Forecast, by Country, 2016-2027
