Report Overview

Hearing Aids Market: Overview

The global hearing aids market is projected to grow at a significant rate during the forecast period 2019-2025 on account of increasing deafness, rising geriatric population, and technological advancements & aesthetically appealing miniature devices propels the market growth. According to WHO estimates, nearly 15% of the global adult population is affected by some degree of hearing loss. Growing noise pollution throughout the world has also a substantial impact on the hearing abilities of people. Noise emission in heavy-duty industries, as well as public carnivals, is projected to damage the hearing capacity of adults, thus resulting in an increase in the demand for hearing aids devices. Additionally, integration of hearing aid devices with Bluetooth connectivity and Wi-Fi-enabled devices are expected to boost demand for hearing aids across the globe.

Today, hearing disabilities among infants and war veterans are one of the biggest concerns in the healthcare sector. Thus, there is a need for enhanced hearing aid devices since many remain untreated, especially among infants, which can further lead to speaking impairment and psychological disabilities among them. The inability to communicate leads to a feeling of social exclusion, loneliness, and frustration, especially amongst the aged people. In developing countries, preventable medical problems are often the main factors for causing hearing loss, especially infections like rubella or syphilis, which can lead to congenital hearing loss.

Hearing Aids Market: Product Insights

On the basis of product, the hearing aids market is segmented into Behind the Ear, Receiver in the Ear, In the Ear, Canal Hearing Aids, and Others. In 2017, Behind the Ear Hearing Aids dominates the entire hearing aids market during the forecast period due to the advantages associated with it like its high efficiency, better connectivity, and ease of use. Also creates fewer problems in feedback due to the greater distance between receiver and microphone. The canal aids segment is estimated to be the fastest growing product segment. With the introduction of new and innovative product like digital waterproof aid and implementation of digital technology will push the hearing aids market throughout the forecast period.

Hearing Aids Market: Technology Type Insights

On the basis of technology, the hearing aids market is segmented into Digital Hearing Aid and Analog Hearing Aid. Digital Hearing Aid market leads the entire hearing aids due to their ability to provide enhanced listening experience in noisy environments and wireless connectivity with smartphones.  Furthermore, technological developments related to the products that combine cochlear implants, and hearing aid technology to overcome the high-frequency hearing loss in patients, are also found creating new opportunities for the players in the hearing aids market.

Hearing Aids Market: Regional Insights

Geographically, the hearing aids market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe is the leading region of the hearing aids industry and projected to lead the overall industry during the forecast period followed by North America. Owing to the increasing geriatric population base, the growing prevalence of hearing loss, and high purchasing power of the patients. The Asia-Pacific region is anticipated to experience the fastest growth rate over the forecast period. Due to the factors like high noise pollution levels, an upsurge in the aging population, and increasing healthcare infrastructure.

Objective of the Study:

·         To analyze and forecast market size of the global hearing aids market, in terms of value.

·         To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting hearing aids market into five regions, namely, North America, Europe, Asia Pacific, Middle East and their leading countries.

·         To outline, categorized and forecast the global hearing aids market on the basis of product, type of hearing loss, patient and technology type.

·         To examine competitive developments like technological advancement, services, and regulative framework within the global hearing aids Market.

·         To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·         To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Global Hearing Aids Market: Competitive Landscape

Companies such as Sonova, William Demant, GN Store Nord, Cochlear, Starkey, Widex, MED-EL, SeboTek Hearing Systems, Audina Hearing Instruments, RION, Horentek, Microson, Benson Hearing, ReSound, Siemens Healthcare GmbH, Widex A/S and Arphi Electronics are the leading players of hearing aids market across the globe.

Key Target Audience:

·         Market research and consulting firms

·         Industry associations

·         Global Hearing aids manufacturers

·         Research organizations and consulting companies

·         Organizations, associations and alliances related to hearing aids market

·         Regulatory bodies

Scope of the Report

By Product

·         Behind the Ear

·         Receiver in the Ear

·         In the Ear

·         Canal Hearing Aids

·         Other Hearing Aids

By Types of Hearing Loss

·         Sensorineural Hearing loss

·         Conductive Hearing loss

By Patient

·         Adult

·         Pediatric

By Technology Type

·         Digital Hearing Aid

·         Analog Hearing Aid

In addition, the report provides analysis of the hearing aids market with respect to the following geographic segments and their high performing regions:

·         North America

·         Europe

·         Asia Pacific (APAC)

·         LATAM

·         MEA

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.