Press release
Hearing Aids Market worth $10.2 billion by 2026 - Leading Key Players are Sonova Group (Switzerland), Demant A/S (Denmark), GN Store Nord A/S (Denmark), Cochlear Ltd. (Australia), RION Co., Ltd. (Japan), Starkey (US)
Hearing Aids Market
Browse in-depth TOC on "Hearing Aids Market"
243 - Tables
51 - Figures
238 - Pages
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List of Major players operating in Hearing Aids Market:
Sonova Group (Switzerland),
Demant A/S (Denmark),
GN Store Nord A/S (Denmark),
Cochlear Ltd. (Australia),
RION Co., Ltd. (Japan),
Starkey (US),
Nurotron Biotechnology Co., Ltd. (China),
MED-EL (Austria),
Audina Hearing Instruments, Inc. (US),
Elkon Pvt. Ltd. (India),
WS Audiology A/S (Denmark),
Eargo, Inc. (US),
Horentek (Italy),
ZOUNDS Hearing Inc. (US).
Artificial intelligence (AI) is one of the most crucial technologies that is expected to drive the growth of this industry in the near future. Emerging economies such as China, India, and Japan are providing lucrative opportunities for the players operating in the hearing aids market.
The hearing aid devices segment accounted for the largest share of the hearing aids market, by product segment, in 2020
Based on product, the hearing aids market is segmented into hearing aid devices and hearing implants. The hearing aid devices segment accounted for the largest share of the hearing aids market in 2020. Increasing company initiatives to launch novel hearing aids are an important factor driving the growth of this market segment.
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Sensorineural hearing loss segment to register the highest growth rate during the forecast period
The hearing aids market is segmented into sensorineural hearing loss and conductive hearing loss. In 2020, the sensorineural hearing loss segment accounted for the highest growth rate. Growing awareness regarding the potential benefits of early diagnosis and treatment of sensorineural hearing loss condition is contributing to the growth of this segment.
This report categorizes the Hearing Aids Market into the following segments and subsegments:
Hearing Aids Market, By Product
Hearing Aid Devices
Receiver-in-the-ear Hearing Aids
Behind-the-ear Hearing Aids
Canal Hearing Aids
In-the-ear Hearing Aids
Other Hearing Aid Devices
Hearing Implants
Cochlear Implants
Bone-anchored Systems
Hearing Aids Market, By Type of Hearing Loss
Sensorineural Hearing Loss
Conductive Hearing Loss
Hearing Aids Market, By Patient Type
Adults
Pediatrics
Hearing Aids Market, By Region
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia Pacific
Latin America
Middle East & Africa
The adult patients segment accounted for the largest share of the hearing aids market, by patient type segment, in 2020
Based on patient type, the hearing aids market is segmented into adults and pediatrics. In 2020, the adult patients segment accounted for the largest share of the hearing aids market. The increasing number of research initiatives that are being undertaken in order to better serve the adult patient population suffering from hearing loss disorders is driving this segment's growth.
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Europe accounted for the largest share of the hearing aids market in 2020
The global hearing aids market is segmented into five major regions-North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2020, Europe accounted for the largest share of the hearing aids market. The large share of this region can be attributed to the growth in the healthcare expenditure, the increasing incidence of hearing loss, and the rising R&D expenditure.
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