Hearing Aid Devices: Global Markets

Report Code: MDS075A

Publish Date: Dec 2022

Publisher: BCC Publishing

Category: Medical Devices And Surgical

Download Report Overview

Single User License: $2500

Member Price: FREE

EXPLORE OFFERS

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

The global market for hearing aids is estimated to increase from $6.1 billion in 2022 to reach $8.5 billion by 2027, at a compound annual growth rate (CAGR) of 6.8% from 2022 through 2027.

Report Includes

  • 71 data tables and 27 additional tables
  • A detailed overview of the global markets for hearing aid devices within the MedTech industry
  • Analyses of the global market trends, with historic market revenue data from 2019 to 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the upcoming market potential for hearing aids, and areas of focus to forecast this market into various segments and sub-segments
  • Estimation of the actual market size and revenue forecast for hearing aid devices market in USD million values, and corresponding market share analysis by product, patient type, type of hearing loss, and region
  • Country specific data and market value analysis for the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Japan, China and India
  • In-depth information (facts and figures) concerning market drivers, opportunities and challenges, and other macroeconomic forces affecting the global market outlook of hearing aid devices
  • Review of the international regulatory landscape for hearing aids with emphasis on recently approved products as well as products under development or in different stages of clinical trials
  • Identification of the companies best positioned to meet the demand owing to their proprietary technologies, product launches, mergers and acquisitions, and other market strategic advantages
  • Profile descriptions of the leading market participants, including Sonova Holding AG, Demant A/S, WS Audiology, GN Store Nord A/S, and Starkey Hearing Technologies

Report Scope

This report provides a detailed analysis of the hearing aid market. This report highlights the current and future market potential of hearing aids, along with a discussion of the drivers, restraints and challenges in the market. The report also covers market projections through 2027 and market rankings for key market players. It covers the competitive landscape and regulatory scenario. The report details the market share of hearing aids based on product, patient type and type of hearing loss.

The market is segmented into behind-the-ear (BTE) aids, in-the-ear (ITE) aids, receiver-in-the-ear (RITE) hearing aids and canal hearing aids, based on product. The study does not cover hearing implants and Personal Sound Amplification Products (PSAP) under the scope of this study.

The market is segmented into pediatric, adult and geriatric patients and into sensorineural and conductive hearing loss types. The report includes the company profiles of key players with detailed information about business segments, financials, product portfolios and recent developments. The report explains the impact of the COVID-19 pandemic on this market.

By geography, the market is segmented into North America, Europe, Asia-Pacific and RoW. The North American region includes the U.S., Canada and Mexico; Europe includes Germany, U.K., Italy, France, Spain and the Rest of Europe; Asia-Pacific includes China, India, Japan and the Rest of Asia-Pacific segment. Market estimate data has been provided for 2019 as the historic year, 2021 as the base year and forecast out to 2027.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022-2027
Base year market size $5.8 billion
Market size forecast $8.5 billion
Growth rate CAGR of 6.8% from 2022 to 2027
Units considered $ Millions
Segments covered Product, Patient Type, Type of Hearing Loss, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Countries covered U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Japan, China and India
Key Market Drivers
  • Rising Prevalence of Hearing Loss
  • Increasing Noise Exposure
  • Technological Advances
Companies studied
ARPHI ELECTRONICS PRIVATE LTD.AUDINA HEARING INSTRUMENTS INC.
AUSTAR HEARING SCIENCE AND TECHNOLOGY CO. LTD.DEMANT A/S
EARGO INC.GN STORE NORD A/S
RION CO. LTD.SEBOTEK HEARING SYSTEMS LLC.
SONOVA GROUPSTARKEY LABORATORIES INC.
WS AUDIOLOGY A/SZOUNDS HEARING
Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW

Frequently Asked Questions (FAQs)

The global market for hearing aid was valued at $6.1 billion in 2022 and is projected to reach $8.5 billion by the end of 2027 at a CAGR of 6.8%.
The key factors driving the growth of the hearing aid market include the rising prevalence of hearing loss, increasing noise exposure, and technological advancements.
The hearing aid market is segmented based on product, type of hearing loss, patient type, and region.
The geriatric segment will dominate the market by the end of 2027.
Key companies in the market include Sonova, Demant, WS Audiology, GN Store, and Starkey.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Hearing Aid Devices: Global Markets144Free
Chapter- 1: Introduction8Free
Chapter- 2: Summary and Highlights4Free
Chapter- 3: Hearing Aid Market: Background and Technology4Free
Chapter- 4: Market Dynamics6Free
Chapter- 5: Industry Overview12Free
Chapter- 6: Market Breakdown by Product14Free
Chapter- 7: Market Breakdown by Patient Type9Free
Chapter- 8: Market Breakdown by Type of Hearing Loss7Free
Chapter- 9: Market Breakdown by Region43Free
Chapter- 10: Regulatory Scenario6Free
Chapter- 11: Impact of the COVID-19 Pandemic2Free
Chapter- 12: Competitive Landscape3Free
Chapter- 13: Company Profiles26Free

Related Reports

Hearing Implants: Global Market Outlook

Published - Mar 2023 | Publisher - BCC Publishing | Code - MDS084A

This report provides a detailed analysis of the hearing implants market. The report highlights the current and future market potential of hearing aids, along with a discussion of the drivers, restraints and challenges in the market. The report also covers market projections through 2027 and market rankings for key market players.

Global ENT Devices Market

Published - Dec 2021 | Publisher - BCC Publishing | Code - MDS057A

The global ENT devices market should reach $14.1 billion by 2026 from $11.3 billion in 2021 at a compound annual growth rate (CAGR) of 4.6% for the forecast period of 2021 to 2026.

Recent Reports

Direct-to-Consumer Genetic Testing: Global Markets and Technologies

Published - Nov 2024 | Publisher - Gundreddy Gopinadh | Code - MDS008B

The global market for DTC genetic testing is expected to grow from $2.3 billion in 2024 and is projected to reach $3.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.0% during the forecast period of 2024 to 2029.

Global Medical Tapes Market

Published - Oct 2024 | Publisher - BCC Publishing | Code - MDS105A

The global market for medical tapes is expected to grow from $5.6 billion in 2024 and is projected to reach $7.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 4.7% during the forecast period of 2024 to 2029.

Global Prenatal Testing Market

Published - May 2024 | Publisher - BCC Publishing | Code - MDS103A

The global market for prenatal testing is expected to grow from $10.9 billion in 2023 and projected to reach $19.8 billion by the end of 2028, at a compound annual growth rate (CAGR) of 12.6% during the forecast period of 2023 to 2028.

Global Skin Allergy Testing Market

Published - May 2024 | Publisher - BCC Publishing | Code - MDS104A

The global market for skin allergy testing is expected to grow from $560 million in 2023 to $771.5 million by the end of 2028, at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2028.

Global Orthodontic and Orthopedic Market

Published - Apr 2024 | Publisher - Partha Sarathi Das | Code - MDS036B

The global market for orthodontic devices is expected to grow from $18.9 billion in 2023 and projected to reach $29.3 billion by the end of 2028, at a compound annual growth rate (CAGR) of 9.2% during the forecast period of 2023 to 2028.Report Includes

Top Trending Reports

AI in Clinical and Molecular Diagnostics Market

Published - Oct 2024 | Publisher - BCC Publishing | Code - BIO261A

The global market for AI in clinical and molecular diagnostics is expected to grow from $2.6 billion in 2024 and is projected to reach $8.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 27.6% during the forecast period of 2024 to 2029.

Point-of-Care Diagnostics: Technologies and Global Markets

Published - Oct 2024 | Publisher - BCC Publishing | Code - HLC043H

The global market for point-of-care diagnostics was valued at $36.9 billion in 2023. It is expected to grow from $40.6 billion in 2024 to $65.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.2% from 2024 through 2029.

Medical Devices: Technologies and Global Markets

Published - Oct 2024 | Publisher - BCC Publishing | Code - HLC170F

The global market for medical devices reached $739.6 billion in 2023. It is expected to grow from $810.4 billion in 2024 to $1.3 trillion by the end of 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.

Global Artificial Intelligence (AI) Market: Investments vs Potential

Published - Aug 2024 | Publisher - BCC Publishing | Code - IFT189C

The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.

CRISPR Technology: Global Markets

Published - Oct 2024 | Publisher - BCC Publishing | Code - HLC258C

The global market for CRISPR technology was valued at $3.4 billion in 2023. This market is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2029.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Hearing Aid Devices: Global Markets
Customize Report Sample Report