Press release
Global Heaing Aids Market to Record Revenue of $8.55 Billion by 2029 - Exclusive Focus Insight Report by Arizton
GLOBAL HEARING AIDS MARKET - FOCUSED INSIGHTS 2023-2028
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This report offers market size & forecast data for the global hearing aids market. The revenue generated from the sale of commercial hearing aids is included in the report. The procedural cost for hearing aids is excluded from the report's scope. This report provides a comprehensive and current market scenario of the global hearing aids market, including the global hearing aids market size, anticipated market forecast, relevant market segmentations, and industry trends.
Key Highlights
In 2023, the behind-the-ear (BTE) hearing aids segment of the global hearing aids market reached a valuation of $4.64 billion and is projected to grow to $5.86 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 3.97%. This growth is primarily attributed to the increasing prevalence of hearing loss worldwide. BTE hearing aids are preferred for their durability, user-friendly nature, and suitability for various types of hearing loss.
The sensorineural hearing loss segment, categorized by hearing loss type, achieved a valuation of $5.25 billion in 2023 and is anticipated to reach $6.83 billion by 2029, experiencing a CAGR of 4.48%. This segment holds the largest market share, driven by the growing incidence of sensorineural hearing loss in pediatric and adult populations.
Examining the market by patient group, the adults' segment accounted for a value of $4.92 billion in 2023 and is expected to grow to $6.42 billion by 2029, growing at a CAGR of 4.53%. This dominance is attributed to the higher prevalence of hearing loss among the elderly globally.
Report Highlights
Product Type
Behind-the-Ear
In-the-Ear
Hearing Loss type
Sensorineural Hearing Loss
Conductive Hearing Loss
Mixed Hearing Loss
Age group
Adults
Pediatrics
Technology type
Digital Hearing Aids
Analog Hearing Aids
Distribution Channel
Retailers
Independent Practices
Buying Groups
Government Purchases
Gender type
Men
Women
MARKET STRUCTURE
Market Dynamics
Competitive Landscape of the Hearing Aids Market
Key Vendors
Other Prominent Vendors
APPENDIX
Research Methodology
Abbreviations
About Arizton
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Vendors List
1. Sonova
2. WS Audiology
3. Demant A/S
4. GN Store A/S
5. Starkey
6. Century Hearing Aids
7. Arphi Electronics
8. Audina Hearing Instruments
9. EarTechnic
10. Eargo Hearing Aids
11. ExSilent
12. Horentek
13. IN4 Technology
14. InnerScope Hearing Technologies
15. Intricon
16. Loreca Hearing Aids
17. NewSound Hearing Aids
18. RION Co., Ltd.
19. SeboTek Heraing Aids
20. ZOUNDS Hearing
21. Cochlear Ltd
22. Nurotron Biotech
23. MED-EL
24. Rexton Hearing Aids
25. BHM-Tech
26. Earlens
Table of Contents
CHAPTER - 1: Hearing Aids Market Overview
Executive Summary
Key Findings
CHAPTER - 2: Hearing Aids Market
GLOBAL: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
CHAPTER - 3: Hearing Aids Market Segmentation Data
GLOBAL: Projected Revenue by Product type (2023-2029; $Billions)
Behind-the-Ear
In-the-Ear
GLOBAL: Projected Revenue by Hearing Loss (2023-2029; $Billions)
Sensorineural Hearing loss
Conductive Hearing Loss
Mixed Hearing Loss
GLOBAL: Projected Revenue by Patient Group (2023-2029; $Billions)
Adults
Pediatrics
GLOBAL: Projected Revenue by Technology (2023-2029; $Billions)
Digital Hearing Aids
Analog Hearing Aids
GLOBAL: Projected Revenue by End-users (2023-2029; $Billions)
Retailers
Independent Practices
Buying Groups
Government Purchases
GLOBAL: Projected Revenue by Gender (2023-2029; $Billions)
Men
Women
CHAPTER - 4: Key Regions Overview
North America: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
Projected Revenue of Hearing Aids Market in US
Projected Revenue of Hearing Aids Market in Canada
Europe: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
Projected Revenue of Hearing Aids Market in the UK
Projected Revenue of Hearing Aids Market in Germany
Projected Revenue of Hearing Aids Market in France
Projected Revenue of Hearing Aids Market in Italy
Projected Revenue of Hearing Aids Market in Spain
APAC: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
Projected Revenue of Hearing Aids Market in Japan
Projected Revenue of Hearing Aids Market in China
Projected Revenue of Hearing Aids Market in Australia
Latin America: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
Projected Revenue of Hearing Aids Market in Brazil
Projected Revenue of Hearing Aids Market in Mexico
Projected Revenue of Hearing Aids Market in Argentina
Middle East & Africa: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
Projected Revenue of Hearing Aids Market in Turkey
Projected Revenue of Hearing Aids Market in South Africa
Projected Revenue of Hearing Aids Market in Saudi Arabia
CHAPTER - 5: Hearing Aids Market Prospects & Opportunities
Hearing Aids Market Opportunities & Trends
Hearing Aids Market Drivers
Hearing Aids Market Constraints
CHAPTER - 6: Hearing Aids Industry Overview
Hearing Aids Market - Competitive Landscape
Hearing Aids Market - Key Vendor Profiles
Hearing Aids Market - Other Prominent Vendors
Hearing Aids Market - Key Strategic Recommendations
CHAPTER - 7: Appendix
Research Methodology
Abbreviations
About Arizton
About Focused Reports by Arizton
Welcome to Focused Reports, an esteemed Arizton Advisory & Intelligence subsidiary committed to delivering precise and insightful market research reports across all key geographies. Our unique selling proposition lies in our affordable pricing, accurate data, in-depth research, and presentation-ready reports. With us, expensive market research is a thing of the past. We aim to be strategic, providing valuable data. Focus Reports is where folks come to name their ideas, create a compelling brand and a great-looking website, and attract customers with digital and social marketing.
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