Press release
Global Hearing Aid Market is Predicted to Reach USD 13.62 Billion By 2030 Registering a CAGR of 6.24% | Infinium Global Research
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Market Overview: The global hearing aid market, valued at USD 7.86 billion in 2022, is projected to surge to USD 13.62 billion by 2030, exhibiting a commendable CAGR of 6.24% during the forecast period 2023-2030.
Understanding Hearing Aid Technology: Hearing aids serve as critical devices to improve sound waves, aiding individuals experiencing hearing loss. These devices amplify sound to assist people in various daily activities, ensuring audibility in both noisy and quiet environments. With components like microphones, amplifiers, and speakers, hearing aids come in multiple types catering to diverse hearing conditions.
Market Dynamics: The burgeoning cases of hearing loss, propelled by factors such as noise pollution, age-related issues, tinnitus, and sensorineural and conductive hearing loss, are driving the growth of the global hearing aid market. Technological advancements, particularly in binaural fittings, are further fueling market expansion. However, factors like lack of awareness, social stigma, high costs, compensation issues, and competition from cochlear implants pose challenges to market growth.
Regional Insights: Asia Pacific is poised to witness the highest growth, driven by the rising elderly population in countries like Japan and China, fostering the market's emergence in the region. Latin America, within the ROW segment, anticipates gradual growth. The American market remains the largest, attributed to high instances of hearing loss cases, consequently increasing the demand for hearing aids. Europe is also expected to grow steadily due to rising adoption and an aging population.
Market Segmentation: The report segments the market based on product (behind-the-ear, in-the-ear, receiver-in-the-ear), technology (analog, digital), sales channels (government purchases, e-commerce, retail sales), and patient types (adults, pediatrics).
Leading Market Players: Profiles of key market players like Cochlear Ltd., Demant A/S, Sivantos Group (now part of WS Audiology), and others provide strategic insights into their advancements and contributions within the hearing aid market.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Hearing Aid Market Highlights
2.2. Hearing Aid Market Projection
2.3. Hearing Aid Market Regional Highlights
Chapter 3. Global Hearing Aid Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Product
3.4.2. IGR-Growth Matrix Analysis by Technology
3.4.3. IGR-Growth Matrix Analysis by Sales Channel
3.4.4. IGR-Growth Matrix Analysis by Patient Type
3.4.5. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Hearing Aid Market
Chapter 4. Hearing Aid Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Hearing Aid Market
5.2. Companies Profiles
5.2.1. Cochlear Ltd.
5.2.2. Demant A/S
5.2.3. Sivantos Group (now part of WS Audiology)
5.2.4. Starkey Laboratories, Inc.
5.2.5. Sonova
5.2.6. GN Store Nord A/S
5.2.7. MED-EL Medical Electronics
5.2.8. SeboTek Hearing Systems, LLC.
5.2.9. Widex (now part of WS Audiology)
5.2.10. Zounds Hearing
Chapter 6. Global Hearing Aid Market by Product
6.1. Behind-the-ear
6.2. In-the-ear
6.3. Receiver-in-the-ear
Chapter 7. Global Hearing Aid Market by Technology
7.1. Analog
7.2. Digital
Chapter 8. Global Hearing Aid Market by Sales Channel
8.1. Government Purchases
8.2. E-commerce
8.3. Retail Sales
Chapter 9. Global Hearing Aid Market by Patient Type
9.1. Adults
9.2. Pediatrics
Chapter 10. Global Hearing Aid Market by Region 2023-2030
10.1. North America
10.1.1. North America Hearing Aid Market by Product
10.1.2. North America Hearing Aid Market by Technology
10.1.3. North America Hearing Aid Market by Sales Channel
10.1.4. North America Hearing Aid Market by Patient Type
10.1.5. North America Hearing Aid Market by Country
10.1.5.1. The U.S. Hearing Aid Market
10.1.5.1.1. The U.S. Hearing Aid Market by Product
10.1.5.1.2. The U.S. Hearing Aid Market by Technology
10.1.5.1.3. The U.S. Hearing Aid Market by Sales Channel
10.1.5.1.4. The U.S. Hearing Aid Market by Patient Type
10.1.5.2. Canada Hearing Aid Market
10.1.5.2.1. Canada Hearing Aid Market by Product
10.1.5.2.2. Canada Hearing Aid Market by Technology
10.1.5.2.3. Canada Hearing Aid Market by Sales Channel
10.1.5.2.4. Canada Hearing Aid Market by Patient Type
10.1.5.3. Mexico Hearing Aid Market
10.1.5.3.1. Mexico Hearing Aid Market by Product
10.1.5.3.2. Mexico Hearing Aid Market by Technology
10.1.5.3.3. Mexico Hearing Aid Market by Sales Channel
10.1.5.3.4. Mexico Hearing Aid Market by Patient Type
10.2. Europe
10.2.1. Europe Hearing Aid Market by Product
10.2.2. Europe Hearing Aid Market by Technology
10.2.3. Europe Hearing Aid Market by Sales Channel
10.2.4. Europe Hearing Aid Market by Patient Type
10.2.5. Europe Hearing Aid Market by Country
10.2.5.1. Germany Hearing Aid Market
10.2.5.1.1. Germany Hearing Aid Market by Product
10.2.5.1.2. Germany Hearing Aid Market by Technology
10.2.5.1.3. Germany Hearing Aid Market by Sales Channel
10.2.5.1.4. Germany Hearing Aid Market by Patient Type
10.2.5.2. United Kingdom Hearing Aid Market
10.2.5.2.1. United Kingdom Hearing Aid Market by Product
10.2.5.2.2. United Kingdom Hearing Aid Market by Technology
10.2.5.2.3. United Kingdom Hearing Aid Market by Sales Channel
10.2.5.2.4. United Kingdom Hearing Aid Market by Patient Type
10.2.5.3. France Hearing Aid Market
10.2.5.3.1. France Hearing Aid Market by Product
10.2.5.3.2. France Hearing Aid Market by Technology
10.2.5.3.3. France Hearing Aid Market by Sales Channel
10.2.5.3.4. France Hearing Aid Market by Patient Type
10.2.5.4. Italy Hearing Aid Market
10.2.5.4.1. Italy Hearing Aid Market by Product
10.2.5.4.2. Italy Hearing Aid Market by Technology
10.2.5.4.3. Italy Hearing Aid Market by Sales Channel
10.2.5.4.4. Italy Hearing Aid Market by Patient Type
10.2.5.5. Rest of Europe Hearing Aid Market
10.2.5.5.1. Rest of Europe Hearing Aid Market by Product
10.2.5.5.2. Rest of Europe Hearing Aid Market by Technology
10.2.5.5.3. Rest of Europe Hearing Aid Market by Sales Channel
10.2.5.5.4. Rest of Europe Hearing Aid Market by Patient Type
10.3. Asia Pacific
10.3.1. Asia Pacific Hearing Aid Market by Product
10.3.2. Asia Pacific Hearing Aid Market by Technology
10.3.3. Asia Pacific Hearing Aid Market by Sales Channel
10.3.4. Asia Pacific Hearing Aid Market by Patient Type
10.3.5. Asia Pacific Hearing Aid Market by Country
10.3.5.1. China Hearing Aid Market
10.3.5.1.1. China Hearing Aid Market by Product
10.3.5.1.2. China Hearing Aid Market by Technology
10.3.5.1.3. China Hearing Aid Market by Sales Channel
10.3.5.1.4. China Hearing Aid Market by Patient Type
10.3.5.2. Japan Hearing Aid Market
10.3.5.2.1. Japan Hearing Aid Market by Product
10.3.5.2.2. Japan Hearing Aid Market by Technology
10.3.5.2.3. Japan Hearing Aid Market by Sales Channel
10.3.5.2.4. Japan Hearing Aid Market by Patient Type
10.3.5.3. India Hearing Aid Market
10.3.5.3.1. India Hearing Aid Market by Product
10.3.5.3.2. India Hearing Aid Market by Technology
10.3.5.3.3. India Hearing Aid Market by Sales Channel
10.3.5.3.4. India Hearing Aid Market by Patient Type
10.3.5.4. South Korea Hearing Aid Market
10.3.5.4.1. South Korea Hearing Aid Market by Product
10.3.5.4.2. South Korea Hearing Aid Market by Technology
10.3.5.4.3. South Korea Hearing Aid Market by Sales Channel
10.3.5.4.4. South Korea Hearing Aid Market by Patient Type
10.3.5.5. Australia Hearing Aid Market
10.3.5.5.1. Australia Hearing Aid Market by Product
10.3.5.5.2. Australia Hearing Aid Market by Technology
10.3.5.5.3. Australia Hearing Aid Market by Sales Channel
10.3.5.5.4. Australia Hearing Aid Market by Patient Type
10.3.5.6. Rest of Asia-Pacific Hearing Aid Market
10.3.5.6.1. Rest of Asia-Pacific Hearing Aid Market by Product
10.3.5.6.2. Rest of Asia-Pacific Hearing Aid Market by Technology
10.3.5.6.3. Rest of Asia-Pacific Hearing Aid Market by Sales Channel
10.3.5.6.4. Rest of Asia-Pacific Hearing Aid Market by Patient Type
10.4. RoW
10.4.1. RoW Hearing Aid Market by Product
10.4.2. RoW Hearing Aid Market by Technology
10.4.3. RoW Hearing Aid Market by Sales Channel
10.4.4. RoW Hearing Aid Market by Patient Type
10.4.5. RoW Hearing Aid Market by Sub-region
10.4.5.1. Latin America Hearing Aid Market
10.4.5.1.1. Latin America Hearing Aid Market by Product
10.4.5.1.2. Latin America Hearing Aid Market by Technology
10.4.5.1.3. Latin America Hearing Aid Market by Sales Channel
10.4.5.1.4. Latin America Hearing Aid Market by Patient Type
10.4.5.2. Middle East Hearing Aid Market
10.4.5.2.1. Middle East Hearing Aid Market by Product
10.4.5.2.2. Middle East Hearing Aid Market by Technology
10.4.5.2.3. Middle East Hearing Aid Market by Sales Channel
10.4.5.2.4. Middle East Hearing Aid Market by Patient Type
10.4.5.3. Africa Hearing Aid Market
10.4.5.3.1. Africa Hearing Aid Market by Product
10.4.5.3.2. Africa Hearing Aid Market by Technology
10.4.5.3.3. Africa Hearing Aid Market by Sales Channel
10.4.5.3.4. Africa Hearing Aid Market by Patient Type
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/market-reports/enquiry/276
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of Hearing aids.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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