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February 11, 2020

Hearing Aids Market Size to Cross USD 13.54 Billion by 2026

Hearing Aids Market Insight Strategy 2019-2026
According to the Acumen Research Hearing Aids Market is projected to reach USD 13.54 Billion by 2026, growing at a CAGR of 6.9% from 2019 to 2026.

Europe dominated the global hearing aids market in the year 2018. Different huge purposes behind the predominance of North America are increase in the prevalence of deafness and rising awareness about technological advancements. Increase in prevalence of auditory loss and rise in awareness about technological advancements are the key factors driving the demand for these devices in Europe. Additionally, growth of the audiology devices market during this region depends on reimbursement policies of every European nation. According to the european Federation of exhausting of Hearing individuals, in 2015, regarding 51 million individuals suffer from deafness within the European Community. In U.K., there are eleven million individuals suffering from hearing loss. Because of increase in aging population in Europe, hearing impairment is expected to rise, which, in turn, expected to drive the market in Europe. The high growth in this market is attributed to the high prevalence of hearing loss, availability of technologically advanced hearing aids, growth within the aging population, and increasing initiatives by firms to expand in these rising economies. While the hearing aids market presents significant growth opportunities, market growth is also hindered due to the high cost of hearing aids and the low penetration of these devices.

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Asia-Pacific is expected to register the highest CAGR during the forecast period. Some of the major factors are large population base, increasing prevalence of geriatric population, coupled with improvements in the distribution network of global market players. Market leaders are continuously developing advanced product that are enhancing advantages of those devices to focus on customers and driving acceptance of these devices within the region. Different factors driving the market in Asia-Pacific are growing income and health care expenditure of general population, coupled with government initiatives.

E-Commerce has dominated the offering segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period. Internet plays a significant role in creating a purchase decision and acquiring data regarding hearing aids, particularly for young adults and millennial. These players facilitate the user to get screened for auditory loss and acquire a lot of information on technology. Their website additionally helps user to create product and worth comparison, therefore serving to in making a purchase call. These e-commerce sales channels additionally facilitate to increase the affordability and availability of hearing aids in the international market, by providing premium payment plans to wearers. They assist increase the sales volume by avoiding retail and wholesale markup cost and providing the lowest possible cost to their customers.

Related Reports

Behind-the-ear BTE segment dominated the market in 2018 and is predicted to witness a gradual growth over the forecast amount. BTE hearing aids consist of a small curved case that well fits behind the ear. Modification of these products is possible by connecting them to external sound sources, like infrared listening systems and auditory training equipment. Various BTE models are Bluetooth compatible and that they change higher wireless property, so driving the market. These devices also offer a better sound amplification owing to a powerful amplifier and an oversized battery.

Moreover, behind-the-ear (BTE) devices are simple to handle and clean and are a lot of most well-liked by younger population as they'll match into numerous ear molds. Moreover, they don’t would like device replacement because the kid grows. With technological advances, new products like the mini BTE are developed, that is smaller in size and provide a lot of comfort. These factors are responsible for the expansion of those BTE products in the hearing aids market. It is also considered to be ideal for many of the people with hearing problems. BTE products, due to their wide range of applications and wider target patients, are expected to grow at a high rate over the forecast period.

Some of the key manufacturing companies include in the global hearing aids market are Phonak, Benson Hearing, GN Store Nord A/S, Starkey, MED-EL, William Demant Holding A/S, Medtronic, Widex USA, Inc., and Sivantos Pte LTD.

Some of the key observations regarding global hearing aids industry include:

  • The introduction of aesthetically appealing designs, coupled with the launch of innovative product variations such as waterproof hearing aids, is also contributing to the market growth.
  • In recent years, 3D printing technology has also gained popularity in the manufacturing hearing aid. The 3D printing technology shortens the method of manufacturing and issues associated with customization.

Market Segmentation

Market By Type

  • Behind-the-ear
  • Canal
  • Others

Market By Technology

  • Digital
  • Analog
  • Others

Market By End User

  • Hospitals
  • Clinics
  • Individuals
  • Others

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-

- What is the overall structure of the market?

- What was the historical value and what is the forecasted value of the market?

- What are the key product level trends in the market?

- What are the market level trends in the market?

- Which of the market players are leading and what are their key differential strategies to retain their stronghold?

- Which are the most lucrative regions in the market space?

TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Hearing Aids
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Hearing Aids Market By Technology
1.2.2.1. Global Hearing Aids Market Revenue and Growth Rate Comparison By Technology(2015-2026)
1.2.2.2. Global Hearing Aids Market Revenue Share By Technology in 2018
1.2.2.3. Digital
1.2.2.4. Analog
1.2.2.5. Others
1.2.3. Hearing Aids Market By Type
1.2.3.1. Global Hearing Aids Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.3.2. Global Hearing Aids Market Revenue Share By Type in 2018
1.2.3.3. Behind-the-ear
1.2.3.4. Canal
1.2.4. Hearing Aids Market By End-User
1.2.4.1. Global Hearing Aids Market Revenue and Growth Rate Comparison By End-User(2015-2026)
1.2.4.2. Global Hearing Aids Market Revenue Share By End-Userin 2018
1.2.4.3. Hospitals
1.2.4.4. Clinics
1.2.4.5. Individuals
1.2.4.6. Others
1.2.5. Hearing Aids Market by Geography
1.2.5.1. Global Hearing Aids Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Hearing Aids Market Revenue and Growth Rate(2015-2026)
1.2.5.3. Europe Hearing Aids Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-Pacific Hearing Aids Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin America Hearing Aids Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA)Hearing Aids Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING HEARING AIDSANALYSIS
3.1. Capacity and Commercial Production Date of Global Hearing Aids Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Hearing Aids Major Manufacturers in 2018
3.3. R&D Status and Technology End-User of Global Hearing Aids Major Manufacturers in 2018
3.4. Raw Materials End-Users Analysis of Global Hearing Aids Major Manufacturers in 2018

CHAPTER 4. HEARING AIDS MARKET BY TECHNOLOGY
4.1. Global Hearing Aids Revenue By Technology
4.2. Digital
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Analog
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Others
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. HEARING AIDS MARKET BY TYPE
5.1. Global Hearing Aids Revenue By Type
5.2. Behind-the-ear
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Canal
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. HEARING AIDS MARKET BY END-USER
6.1. Global Hearing Aids Revenue By End-User
6.2. Hospitals
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Clinics
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Individuals
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. NORTH AMERICA HEARING AIDS MARKET BY COUNTRY
7.1. North America Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Hearing Aids Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 8. EUROPE HEARING AIDS MARKET BY COUNTRY
8.1. Europe Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC HEARING AIDS MARKET BY COUNTRY
9.1. Asia-Pacific Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 10. LATIN AMERICA HEARING AIDS MARKET BY COUNTRY
10.1. Latin America Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 11. MIDDLE EAST & AFRICA HEARING AIDS MARKET BY COUNTRY
11.1. Middle East & Africa Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & Africa Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 12. COMPANY PROFILE
12.1. Phonak
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Benson Hearing
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. GN Store Nord A/S
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Starkey
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. MED-EL
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. William Demant Holding A/S
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Medtronic
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Widex
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. SivantosPte Ltd
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Building System
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Product Portfolio
12.11.5. Key Developments
12.11.6. Strategies

CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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February 11, 2020, 13:27
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