Global Hearing Aids Market

May 2018 | 120 pages | ID: G50DDCBA0DAEN
Progressive Markets (owned by Antviews Global)

Abstracts

Global Hearing Aids Market Overview:

The hearing aids market accounted for $4,997 million in 2017 and is expected to reach $8,021 million by 2025, registering a CAGR of 6.0% from 2018 to 2025.

Hearing aids are sound-amplifying devices that are designed to help people suffering from hearing disorders. Most hearing aids are made of several electronic components such as a microphone, amplifier circuitry, a miniature loudspeaker (receiver), and batteries. In some hearing aids, earmolds or earpieces are used to enhance sound quality and direct the flow of sound into the ear. The use of hearing aids differs based on type and severity of hearing loss, listening needs, and changing lifestyle.

Technological advancements in hearing aids and rise in binaural fitting rate drive the hearing aids market. In addition, the high prevalence of hearing loss and the increase in geriatric population are also projected to supplement the market growth. However, the cost restraints associated with hearing aids coupled with the lack of awareness regarding the availability of advanced hearing aids are projected to hamper the growth of the hearing aids market.

Based on products, the hearing aids market is categorized into receiver-in-the-ear (RITE) hearing aid, behind-the-ear (BTE) hearing aid, canal hearing aid, in-the-ear (ITE) hearing aid, and other hearing aid devices. Based on technology, the market is bifurcated into digital hearing aid and analog hearing aid. Based on age group, the market is divided into 0-17 years, 18-44 years, 45-64 years, and 65 years & above. Based on type of hearing loss, the market is bifurcated into sensorineural hearing loss and conductive hearing loss. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics

Drivers

• High Prevalence of Hearing Loss
• Technological Advancements in Hearing Aids
• Increase in geriatric population
• Rise in binaural fitting rate

Restraints

• High cost of hearing aids
• Low awareness regarding the availability of advanced hearing aids

Market Players

The major players operating in the global hearing aids market include GN Store Nord A/S, Sonova, IntriCon Corporation, American Hearing Aids, Amplifon, Sivantos Pte. Ltd., Cochlear Ltd., MED-EL, Starkey, and William Demant Holding A/S.

KEY TAKEAWAYS

MARKET LANDSCAPE

By Product

• Behind-The-Ear (BTE) Hearing Aid
• Receiver-In-The-Ear (RITE) Hearing Aid
• Canal Hearing Aid
• In-The-Ear (ITE) Hearing Aid
• Other Hearing Aid Devices

By Technology

• Digital Hearing Aid
• Analog Hearing Aid

By Type of Hearing Loss

• Sensorineural Hearing Loss
• Conductive Hearing Loss

By Age Group

• 0-17 years
• 18-44 years
• 45-64 years
• 65 years & above

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Brazil
• South Africa
• Saudi Arabia
• Rest of LAMEA

Contents

SECTION 1 EXECUTIVE SUMMARY

1.1. KEY FINDINGS
1.2. MARKET ATTRACTIVENESS AND TREND ANALYSIS
1.3. COMPETITIVE LANDSCAPE AND RECENT INDUSTRY DEVELOPMENT ANALYSIS

SECTION 2 INTRODUCTION

2.1. REPORT DESCRIPTION
2.2. SCOPE AND DEFINITIONS
2.3. RESEARCH METHODOLOGY

SECTION 3 MARKET LANDSCAPE

3.1. GROWTH DRIVERS
  3.1.1. Impact Analysis
3.2. RESTRAINS AND CHALLENGES
  3.2.1. Impact Analysis
3.3. PORTERS ANALYSIS
  3.3.1. Bargaining power of buyers
  3.3.2. Bargaining power of suppliers
  3.3.3. Threat of substitutes
  3.3.4. Industry rivalry
  3.3.5. Threat of new entrants
3.4. GLOBAL HEARING AIDS TECHNOLOGIES MARKET SHARES ANALYSIS, 2014-2025
  3.4.1. Global hearing aids technologies market share by product, 2014-2025
  3.4.2. Global hearing aids technologies market share by technology, 2014-2025
  3.4.3. Global hearing aids technologies market share by hearing loss, 2014-2025
  3.4.4. Global hearing aids technologies market share by age group, 2014-2025
  3.4.5. Global hearing aids technologies market share by distribution channels, 2014-2025
  3.4.6. Global hearing aids technologies market share by geography, 2014-2025

SECTION 4 HEARING AIDS MARKET BY PRODUCT

4.1. RECEIVER-IN-THE-EAR (RITE) HEARING AIDS
  4.1.1. Historical Market Size by Region, 2014-2016
  4.1.2. Market Forecast by Region, 2017-2025
4.2. BEHIND-THE-EAR (BTE) HEARING AIDS
  4.2.1. Historical Market Size by Region, 2014-2016
  4.2.2. Market Forecast by Region, 2017-2025
4.3. CANAL HEARING AIDS
  4.3.1. Historical Market Size by Region, 2014-2016
  4.3.2. Market Forecast by Region, 2017-2025
4.4. IN-THE-EAR (ITE) HEARING AIDS
  4.4.1. Historical Market Size by Region, 2014-2016
  4.4.2. Market Forecast by Region, 2017-2025
4.5. OTHER HEARING AID DEVICES
  4.5.1. Historical Market Size by Region, 2014-2016
  4.5.2. Market Forecast by Region, 2017-2025

SECTION 5 HEARING AIDS MARKET BY TECHNOLOGY

5.1. DIGITAL HEARING AID
  5.1.1. Historical Market Size by Region, 2014-2016
  5.1.2. Market Forecast by Region, 2017-2025
5.2. ANALOG HEARING AID
  5.2.1. Historical Market Size by Region, 2014-2016
  5.2.2. Market Forecast by Region, 2017-2025

SECTION 6 HEARING AIDS MARKET BY HEARING LOSS

6.1. SENSORINEURAL HEARING LOSS
  6.1.1. Historical Market Size by Region, 2014-2016
  6.1.2. Market Forecast by Region, 2017-2025
6.2. CONDUCTIVE HEARING LOSS
  6.2.1. Historical Market Size by Region, 2014-2016
  6.2.2. Market Forecast by Region, 2017-2025

SECTION 7 HEARING AIDS MARKET BY AGE GROUP

7.1. 0-17 YEARS
  7.1.1. Historical Market Size by Region, 2014-2016
  7.1.2. Market Forecast by Region, 2017-2025
7.2. 18-44 YEARS
  7.2.1. Historical Market Size by Region, 2014-2016
  7.2.2. Market Forecast by Region, 2017-2025
7.3. 45-64 YEARS
  7.3.1. Historical Market Size by Region, 2014-2016
  7.3.2. Market Forecast by Region, 2017-2025
7.4. 65 YEARS ABOVE
  7.4.1. Historical Market Size by Region, 2014-2016
  7.4.2. Market Forecast by Region, 2017-2025

SECTION 8 HEARING AIDS MARKET BY GEOGRAPHY

8.1. NORTH AMERICA
  8.1.1. U.S.
    8.1.1.1. Historical Market Size, 2014-2016
    8.1.1.2. Market Forecast, 2017-2025
  8.1.2. Canada
    8.1.2.1. Historical Market Size, 2014-2016
    8.1.2.2. Market Forecast, 2017-2025
  8.1.3. Mexico
    8.1.3.1. Historical Market Size, 2014-2016
    8.1.3.2. Market Forecast, 2017-2025
8.2. EUROPE
  8.2.1. UK
    8.2.1.1. Historical Market Size, 2014-2016
    8.2.1.2. Market Forecast, 2017-2025
  8.2.2. France
    8.2.2.1. Historical Market Size, 2014-2016
    8.2.2.2. Market Forecast, 2017-2025
  8.2.3. Spain
    8.2.3.1. Historical Market Size, 2014-2016
    8.2.3.2. Market Forecast, 2017-2025
  8.2.4. Italy
    8.2.4.1. Historical Market Size, 2014-2016
    8.2.4.2. Market Forecast, 2017-2025
  8.2.5. Rest of Europe
    8.2.5.1. Historical Market Size, 2014-2016
    8.2.5.2. Market Forecast, 2017-2025
8.3. ASIA-PACIFIC
  8.3.1. Japan
    8.3.1.1. Historical Market Size, 2014-2016
    8.3.1.2. Market Forecast, 2017-2025
  8.3.2. China
    8.3.2.1. Historical Market Size, 2014-2016
    8.3.2.2. Market Forecast, 2017-2025
  8.3.3. India
    8.3.3.1. Historical Market Size, 2014-2016
    8.3.3.2. Market Forecast, 2017-2025
  8.3.4. Australia
    8.3.4.1. Historical Market Size, 2014-2016
    8.3.4.2. Market Forecast, 2017-2025
  8.3.5. South Korea
    8.3.5.1. Historical Market Size, 2014-2016
    8.3.5.2. Market Forecast, 2017-2025
  8.3.6. Rest of Asia-Pacific
    8.3.6.1. Historical Market Size, 2014-2016
    8.3.6.2. Market Forecast, 2017-2025
8.4. LAMEA
  8.4.1. Brazil
    8.4.1.1. Historical Market Size, 2014-2016
    8.4.1.2. Market Forecast, 2017-2025
  8.4.2. Saudi Arabia
    8.4.2.1. Historical Market Size, 2014-2016
    8.4.2.2. Market Forecast, 2017-2025
  8.4.3. South Africa
    8.4.3.1. Historical Market Size, 2014-2016
    8.4.3.2. Market Forecast, 2017-2025
  8.4.4. Rest of LAMEA
    8.4.4.1. Historical Market Size, 2014-2016
    8.4.4.2. Market Forecast, 2017-2025

SECTION 9 COMPANY PROFILES

9.1. GN STORE NORD AS
  9.1.1. Overview
  9.1.2. Financials and business segments
  9.1.3. Recent Developments
9.2. SONOVA
  9.2.1. Overview
  9.2.2. Financials and business segments
  9.2.3. Recent Developments
9.3. INTRICON CORPORATION
  9.3.1. Overview
  9.3.2. Financials and business segments
  9.3.3. Recent Developments
9.4. AMERICAN HEARING AIDS
  9.4.1. Overview
  9.4.2. Financials and business segments
  9.4.3. Recent Developments
9.5. AMPLIFON
  9.5.1. Overview
  9.5.2. Financials and business segments
  9.5.3. Recent Developments
9.6. SIVANTOS PTE. LTD.
  9.6.1. Overview
  9.6.2. Financials and business segments
  9.6.3. Recent Developments
9.7. COCHLEAR LTD.
  9.7.1. Overview
  9.7.2. Financials and business segments
  9.7.3. Recent Developments
9.8. MED-EL
  9.8.1. Overview
  9.8.2. Financials and business segments
  9.8.3. Recent Developments
9.9. STARKEY
  9.9.1. Overview
  9.9.2. Financials and business segments
  9.9.3. Recent Developments
9.9. WILLIAM DEMANT HOLDING AS
  9.9.1. Overview
  9.9.2. Financials and business segments
  9.9.3. Recent Developments

List Of Tables

LIST OF TABLES

TABLE 1. HEARING AIDS MARKET VALUE FOR PRODUCT, BY REGION, 2017-2025, $MILLION
TABLE 2. HEARING AIDS MARKET VALUE FOR TECHNOLOGY, BY REGION, 2017-2025, $MILLION
TABLE 3. HEARING AIDS MARKET VALUE FOR HEARING LOSS, BY REGION, 2017-2025, $MILLION
TABLE 4. HEARING AIDS MARKET VALUE FOR AGE GROUP, BY REGION, 2017-2025, $MILLION
TABLE 5. HEARING AIDS MARKET VALUE FOR NORTH AMERICA, BY COUNTRY, 2014-2025, $MILLION
TABLE 6. HEARING AIDS MARKET VALUE FOR NORTH AMERICA, BY PRODUCT, 2014-2025, $MILLION
TABLE 7. HEARING AIDS MARKET VALUE FOR NORTH AMERICA, BY TECHNOLOGY, 2014-2025, $MILLION
TABLE 8. HEARING AIDS MARKET VALUE FOR NORTH AMERICA, BY HEARING LOSS, 2014-2025, $MILLION
TABLE 9. HEARING AIDS MARKET VALUE FOR NORTH AMERICA, BY AGE GROUP, 2014-2025, $MILLION
TABLE 10. HEARING AIDS MARKET VALUE FOR EUROPE, BY COUNTRY, 2014-2025, $MILLION
TABLE 11. HEARING AIDS MARKET VALUE FOR EUROPE, BY PRODUCT, 2014-2025, $MILLION
TABLE 12. HEARING AIDS MARKET VALUE FOR EUROPE, BY TECHNOLOGY, 2014-2025, $MILLION
TABLE 13. HEARING AIDS MARKET VALUE FOR EUROPE, BY HEARING LOSS, 2014-2025, $MILLION
TABLE 14. HEARING AIDS MARKET VALUE FOR EUROPE, BY AGE GROUP, 2014-2025, $MILLION
TABLE 15. HEARING AIDS MARKET VALUE FOR ASIA-PACIFIC, BY COUNTRY, 2014-2025, $MILLION
TABLE 16. HEARING AIDS MARKET VALUE FOR ASIA-PACIFIC, BY PRODUCT, 2014-2025, $MILLION
TABLE 17. HEARING AIDS MARKET VALUE FOR ASIA-PACIFIC, BY TECHNOLOGY, 2014-2025, $MILLION
TABLE 18. HEARING AIDS MARKET VALUE FOR ASIA-PACIFIC, BY HEARING LOSS, 2014-2025, $MILLION
TABLE 19. HEARING AIDS MARKET VALUE FOR ASIA-PACIFIC, BY AGE GROUP, 2014-2025, $MILLION
TABLE 20. HEARING AIDS MARKET VALUE FOR LAMEA, BY COUNTRY, 2014-2025, $MILLION
TABLE 21. HEARING AIDS MARKET VALUE FOR LAMEA, BY PRODUCT, 2014-2025, $MILLION
TABLE 22. HEARING AIDS MARKET VALUE FOR LAMEA, BY TECHNOLOGY, 2014-2025, $MILLION
TABLE 23. HEARING AIDS MARKET VALUE FOR LAMEA, BY HEARING LOSS, 2014-2025, $MILLION
TABLE 24. HEARING AIDS MARKET VALUE FOR LAMEA, BY AGE GROUP, 2014-2025, $MILLION
TABLE 25. GN STORE NORD AS - COMPANY SNAPSHOT
TABLE 26. SONOVA - COMPANY SNAPSHOT
TABLE 27. INTRICON CORPORATION - COMPANY SNAPSHOT
TABLE 28. AMERICAN HEARING AIDS - COMPANY SNAPSHOT
TABLE 29. AMPLIFON - COMPANY SNAPSHOT
TABLE 30. SIVANTOS PTE. LTD. - COMPANY SNAPSHOT
TABLE 31. COCHLEAR LTD. - COMPANY SNAPSHOT
TABLE 32. MED-EL - COMPANY SNAPSHOT
TABLE 33. STARKEY - COMPANY SNAPSHOT
TABLE 34. WILLIAM DEMANT HOLDING AS - COMPANY SNAPSHOT

List Of Figures

LIST OF FIGURES

FIGURE 1. HEARING AIDS: NORTH AMERICA MARKET VALUE, 2014-2016, $MILLION
FIGURE 2. HEARING AIDS: U.S. MARKET VALUE, 2014-2016, $MILLION
FIGURE 3. HEARING AIDS: CANADA MARKET VALUE, 2014-2016, $MILLION
FIGURE 4. HEARING AIDS: MEXICO MARKET VALUE, 2014-2016, $MILLION
FIGURE 5. HEARING AIDS: EUROPE MARKET VALUE, 2014-2016, $MILLION
FIGURE 6. HEARING AIDS: UK MARKET VALUE, 2014-2016, $MILLION
FIGURE 7. HEARING AIDS: FRANCE MARKET VALUE, 2014-2016, $MILLION
FIGURE 8. HEARING AIDS: SPAIN MARKET VALUE, 2014-2016, $MILLION
FIGURE 9. HEARING AIDS: ITALY MARKET VALUE, 2014-2016, $MILLION
FIGURE 10. HEARING AIDS: REST OF EUROPE MARKET VALUE, 2014-2016, $MILLION
FIGURE 11. HEARING AIDS: ASIA-PACIFIC MARKET VALUE, 2014-2016, $MILLION
FIGURE 12. HEARING AIDS: JAPAN MARKET VALUE, 2014-2016, $MILLION
FIGURE 13. HEARING AIDS: CHINA MARKET VALUE, 2014-2016, $MILLION
FIGURE 14. HEARING AIDS: INDIA MARKET VALUE, 2014-2016, $MILLION
FIGURE 15. HEARING AIDS: AUSTRALIA MARKET VALUE, 2014-2016, $MILLION
FIGURE 16. HEARING AIDS: SOUTH KOREA MARKET VALUE, 2014-2016, $MILLION
FIGURE 17. HEARING AIDS: REST OF ASIA-PACIFIC MARKET VALUE, 2014-2016, $MILLION
FIGURE 18. HEARING AIDS: LAMEA MARKET VALUE, 2014-2016, $MILLION
FIGURE 19. HEARING AIDS: BRAZIL MARKET VALUE, 2014-2016, $MILLION
FIGURE 20. HEARING AIDS: SAUDI ARABIA MARKET VALUE, 2014-2016, $MILLION
FIGURE 21. HEARING AIDS: SOUTH AFRICA MARKET VALUE, 2014-2016, $MILLION
FIGURE 22. HEARING AIDS: REST OF LAMEA MARKET VALUE, 2014-2016, $MILLION