Press release
Global Hearing Aid Devices Market to grow at a CAGR of 5.45% by 2030, Evaluates DelveInsight
Additionally, heightened awareness, expanded screening programs for hearing loss, and a surge in product development activities are significant factors contributing to the market's growth during the forecast period from 2024 to 2030.
DelveInsight's "Hearing Aid Devices Market Insights, Competitive Landscape and Market Forecast-2030" report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Hearing Aid Devices companies actively working in the market.
To know more about why North America is leading the market growth in the Hearing Aid Devices market, get a snapshot of the report Hearing Aid Devices Market Trends
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Hearing Aid Devices Overview
Hearing aid devices are small electronic instruments designed to improve hearing by amplifying sound for individuals with hearing loss. They consist of a microphone, amplifier, and speaker, and can be worn in or behind the ear. These devices help users hear speech and environmental sounds more clearly, improving communication and quality of life.
DelveInsight Analysis: The global hearing aid devices market size was valued at USD 6.69 billion in 2023, is expected to grow at a CAGR of 5.45% from 2024 to 2030, reaching USD 9.20 billion by 2030.
Hearing Aid Devices Market Insights
Geographically, In 2023, the Asia-Pacific region is projected to hold the largest share of the hearing aid devices market among all regions. This growth is attributed to the rising prevalence of hearing loss, enhanced government initiatives, increased awareness campaigns for hearing disorders, and the presence of major hearing aid device manufacturers actively involved in mergers, acquisitions, product launches, and other market activities across the region. These factors are expected to drive the hearing aid devices market throughout the forecast period.
To read more about the latest highlights related to Hearing Aid Devices, get a snapshot of the key highlights entailed in the Hearing Aid Devices
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Recent Developments in the Hearing Aid Devices Market Report
• In February 2025, EssilorLuxottica's Nuance Audio Glasses, which integrate hearing aids with eyeglasses, were approved for sale in the U.S. and Europe. The company intends to distribute them via its retail outlets, audiology clinics, and optical wholesalers. Marketed as a "breakthrough in hearing technology," these smart glasses feature an OTC hearing aid designed for adults aged 18 and older with mild to moderate hearing loss.
• In October 2024, The renowned innovator ELEHEAR proudly announced the launch of its latest product, ELEHEAR beyond Hearing Aids, designed to revolutionize the hearing aid industry.
• In September 2024, The FDA approved Apple's over-the-counter Hearing Aid feature for the second-generation AirPods Pro. Targeted at people with mild to moderate hearing loss, this feature enables the AirPods Pro to serve as OTC hearing aids. This approval aligns with the FDA's 2022 policy allowing adults with mild hearing impairments to use consumer hearing devices without requiring professional fittings. The FDA noted that the AirPods Pro's software-based Hearing Test provided benefits similar to those of professional fittings and reported no adverse effects.
• Thus, owing to such developments in the market, rapid growth will be observed in the Hearing Aid Devices market during the forecast period
Key Players in the Hearing Aid Devices Market
Some of the key market players operating in the Hearing Aid Devices market include- Amplifon, Audina Hearing Instruments, Inc., Sonova, Demant A/S, audifon GmbH & Co. KG, GN Store Nord A/S, Arphi Electronics Private Limited, Foshan Vohom Technology Co., Ltd., RION Co., Ltd., Eargo Inc, Elkon Pvt Ltd., Starkey Laboratories, Inc., WS Audiology Denmark A/S, Horentek Hearing Diagnostics, Bernafon, Unitron, MDHearingAid, Istok Audio Trading LLC, AlgorKorea Co., Ltd., Microson, and others.
Which MedTech key players in the Hearing Aid Devices market are set to emerge as the trendsetter explore @ Key Hearing Aid Devices Companies
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Analysis on the Hearing Aid Devices Market Landscape
Digital hearing aids frequently offer smartphone and device integration, enabling users to adjust settings and stream audio directly, enhancing convenience and modern functionality. Growing awareness of these advanced features, along with increased public acceptance and better insurance coverage, is driving the growth of the Hearing Aid Devices market. As technology progresses, digital hearing aids are becoming more affordable and accessible, attracting a broader audience and supporting a strong market expansion.
Moreover, rising product development efforts are expected to further boost the digital hearing aid segment. For example, in February 2024, GN, a global leader in hearing aid technology, expanded its ReSound Nexia line, providing improved options for those with hearing loss through advanced technology and next-generation Bluetooth connectivity.
Consequently, these factors are set to generate significant revenue for the digital hearing aid category, propelling the overall growth of the global hearing aid devices market during the forecast period.
Scope of the Hearing Aid Devices Market Report
• Coverage: Global
• Study Period: 2021-2030
• Hearing Aid Devices Market Segmentation By Product Type: Behind the Ear (BTE), Receiver in the Ear Canal (RIC), in the Ear (ITE), Completely in Canal (CIC), and Others), Technology (Analog and Digital)
• Hearing Aid Devices Market Segmentation By Product Type: Adult and Pediatrics
• Hearing Aid Devices Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
• Key Hearing Aid Devices Companies: Amplifon, Audina Hearing Instruments, Inc., Sonova, Demant A/S, audifon GmbH & Co. KG, GN Store Nord A/S, Arphi Electronics Private Limited, Foshan Vohom Technology Co., Ltd., RION Co., Ltd., Eargo Inc, Elkon Pvt Ltd., Starkey Laboratories, Inc., WS Audiology Denmark A/S, Horentek Hearing Diagnostics, Bernafon, Unitron, MDHearingAid, Istok Audio Trading LLC, AlgorKorea Co., Ltd., Microson, and others
• Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
Contact Us
Gaurav Bora
info@delveinsight.com
+14699457679
www.delveinsight.com
About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing end-to-end comprehensive solutions to improve their performance.
Get hassle-free access to all the healthcare and pharma market research reports through our subscription-based platform PharmDelve.
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