Home / Medical Devices / Hearing Aids Market By Device Type (In-The-Ear (ITE) Hearing Aids, Receiver-In-The-Ear (RITE) Hearing Aids, Behind-The-Ear (BTE) Hearing Aids, Canal Hearing Aids (ITC, CIC and IIC ), Cochlear Implants & Bone Anchored Hearing Aids)- Growth, Future Prospects and Competitive Analysis, 2016 - 2023

Hearing Aids Market By Device Type (In-The-Ear (ITE) Hearing Aids, Receiver-In-The-Ear (RITE) Hearing Aids, Behind-The-Ear (BTE) Hearing Aids, Canal Hearing Aids (ITC, CIC and IIC ), Cochlear Implants & Bone Anchored Hearing Aids)- Growth, Future Prospects and Competitive Analysis, 2016 - 2023

Published: Sep 2016 | Report Code: 58093-09-16

This report titled “Hearing Aids Market- Growth, Future Prospects, and Competitive Analysis, 2016 – 2023” offers strategic insights into the trends in hearing aids market along with the market size and forecast for the duration 2013 to 2023. The said research study incorporates in-depth analysis of multiple market segments based on device types,type of hearing loss and different geographies.

Hearing aids are defined as electronic devices worn in the ear or behind the ear by hearing impaired patients for sound amplification. Superseding the analog devices, digital hearing aids through the novel connectivity and sound amplification technologies have monopolized the hearing aids market. This report classifies the hearing aids devices market into conventional hearing aids and hearing implants segments. In-the-ear (ITE) hearing aids, receiver-in-the-ear (RITE) hearing aids, behind-the-ear (BTE) hearing aids, and canal hearing aids (ITC, CIC and IIC) are the major classifications of conventional hearing aids. Furthermore, the hearing implants market is segmented into cochlear implants and bone anchored hearing aids/systems. Based on type of hearing loss, this market is presented for sensorineural hearing loss and conductive hearing loss hearing aids. This report presents the market size and forecast for each segment thus mentioned for the period 2013-2023 along with corresponding CAGRs for the period 2016-2023, considering 2015 as the base year.

Considering the geographical distribution, this the hearing aids market is categorized into five regional segments namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Market size and forecast for each mentioned region and constituent major country level markets are included in this study for the considered periods. Asia-Pacific, Middle East and Africa and Latin America are observed to be the fastest growing markets for hearing aids. The regional markets are further elucidated as follows:

These regions are further studied for key country level markets as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Rest of Asia-Pacific
  • Middle East and Africa
  • Latin America 

Along with the quantitative information sets, this report also provides qualitative information sets such as market dynamics and executive summary for the global hearing aids market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, manufacture, sale and distribution of hearing aids.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Global Hearing Aids Market Portraiture

Chapter 3 Hearing Aids Market Analysis
3.1 Global Hearing Aids Market Overview
3.1.1 Market Dynamics
3.1.2 Drivers
3.1.2.1 Driver 1
3.1.2.2 Driver 2
3.1.3 Challenges
3.1.3.1 Challenge 1
3.1.3.1 Challenge 2
3.1.4 Opportunities
3.1.4.1 Opportunity 1
3.2 Attractive Investment Proposition
3.3 Competitive Landscape of Key Vendors in Hearing Aids Market

Chapter 4 Global Hearing Aids Market, by Devices, 2013-2023
4.1 Introduction
4.2 Conventional Hearing Aids
4.2.1 In-The-Ear (ITE) Hearing Aids
4.2.2 Receiver-In-The-Ear (RITE) Hearing Aids
4.2.3 Behind-The-Ear (BTE) Hearing Aids
4.2.4 Canal Hearing Aids (ITC, CIC and IIC )
4.3 Hearing Implants
4.3.1 Cochlear Implants
4.3.2 Bone Anchored Hearing Aids

Chapter 5 Global Hearing Aids Market, by Type of Hearing Loss, 2013-2023 (USD Mn)
5.1 Introduction
5.2 Sensorineural Hearing Loss
5.3 Conductive Hearing Loss

Chapter 6 Global Hearing Aids Market, By Geography, 2013-2023 (USD Mn)
6.1 Preface
6.2 North America
6.2.1 United States
6.2.2 Canada
6.3 Europe
6.3.1 United Kingdom
6.3.2 Germany
6.3.3 Rest of Europe
6.4 Asia Pacific
6.4.1 Japan
6.4.2 China
6.4.3 Rest of Asia Pacific
6.5 Latin America
6.6 Middle East and Africa

Chapter 7 Company Profiles
7.1 Ambco
7.2 Benson Medical
7.3 Advanced Bionics
7.4 Amplicomms
7.5 GN ReSound Group
7.6 Tremetrics
7.7 Sophono
7.8 Phonak
7.9 Inmedico
7.10 TV Ears
7.11 Geemarc
7.12 William Demand Holdings A/S
7.13 Sonova Holdings AG
7.14 Widex A/S
7.15 Starkey Hearing Technologies

List of Figures
FIG. 1 Hearing Aids Market: Research Methodology
FIG. 2 Hearing Aids Market, by Devices, 2015 (USD Mn)
FIG. 3 Hearing Aids Market, by Type of Hearing Loss, 2015 (USD Mn)
FIG. 4 Attractive Investment Proposition: Global Hearing Aids Market, by Geography
FIG. 5 Global In-The-Ear (ITE) Hearing Aids Market, 2013-2023, (USD Mn)
FIG. 6 Global Receiver-In-The-Ear (RITE) Hearing Aids Market, 2013-2023, (USD Mn)
FIG. 7 Global Behind-The-Ear (BTE) Hearing Aids Market, 2013-2023, (USD Mn)
FIG. 8 Global Canal Hearing Aids Market, 2013-2023, (USD Mn)
FIG. 9 Global Cochlear Implants Market, 2013-2023, (USD Mn)
FIG. 10 Global Bone Anchor Hearing Aids Market, 2013-2023, (USD Mn)
FIG. 11 Global Hearing Aids Market for Sensorineural Hearing Loss, 2013–2023 (USD Mn)
FIG. 12 Global Hearing Aids Market for Conductive Hearing Loss, 2013–2023 (USD Mn)
FIG. 13 Latin America Hearing Aids Market, 2013–2023 (USD Mn)
FIG. 14 Middle East & Africa Hearing Aids Market, 2013–2023 (USD Mn)

List of Tables

TABLE 1 Global Hearing Aids Market, by Devices, 2013-2023 (USD Mn)
TABLE 2 Global Conventional Hearing Aids Market, by Type, 2013-2023 (USD Mn)
TABLE 3 Global Hearing Implants Market, by Type, 2013-2023 (USD Mn)
TABLE 4 Global Hearing Aids Market, by Type of Hearing Loss, 2013 - 2023 (USD Mn)
TABLE 5 Global Hearing Aids Market, by Geography, 2013–2023 (USD Mn)
TABLE 6 North America Hearing Aids Market, by Country, 2013–2023 (USD Mn)
TABLE 7 Europe Hearing Aids Market, by Country, 2013–2023 (USD Mn)
TABLE 8 Asia-Pacific Hearing Aids Market, by Country, 2013–2023 (USD Mn)
TABLE 9 Ambco: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 10 Benson Medical: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 11 Advanced Bionics: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 12 Amplicomms: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 13 GN ReSound Group: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 14 Tremetrics: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 15 Sophono: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 16 Phonak: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 17 Inmedico: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 18 TV Ears: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 19 Geemarc: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 20 William Demand Holdings A/S: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 21 Sonova Holdings AG: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 22 Widex A/S: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
TABLE 23 Starkey Hearing Technologies: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)

Based on the type of product, the global hearing aids market is segmented as follows:

  • Conventional Hearing Aids
    • In-The-Ear (ITE) Hearing Aids
    • Receiver-In-The-Ear (RITE) Hearing Aids
    • Behind-The-Ear (BTE) Hearing Aids
    • Canal Hearing Aids (ITC, CIC and IIC)
  • Hearing Implants
    • Cochlear Implants
    • Bone Anchored Hearing Aids

 Hearing Aids Market
 

Among the commercially available product types, In-the-ear (ITE) hearing aids capture the largest market share, as of 2015. Competitive costs, greater awareness and product availability are the key factors supporting the dominance of this segment. Additionally, high comfort, ease of use and connectivity, along with widespread use of these devices in both pediatric and adult patients the growth of this market will further continue. In-the-ear hearing aids are much smaller in size than behind-the-ear products and are used in treating a wide range of auditory defects with larger sound amplification and connectivity. Being custom made devices, ITE hearing aids are widely preferred in pediatric patients and those who prefer aesthetic appeal to their hearing aids. The demand for cochlear implants and bone anchored hearing aids is significantly growing in the developed markets. Technological advancements and efficiency of these devices in treating severe and congenital hearing loss in children are the key drivers supporting the growth of this market.

For the purpose of this study, the global hearing aids market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

 

Hearing Aids Market

At present, Europe is the largest for hearing aids. However, the most developed market of Germany is currently experiencing a slight decline in its progress, where rest of Europe will demonstrate positive growth. North America is anticipated to undergo strong growth through the forecast period with stable demand coming from veterans and private buyers. Moreover, reimbursement also plays a critical role in supporting the market growth in Europe and North America markets. Adoption of implants such as cochlear implants and bone anchored is also anticipated to be impressive in these regions. On the other hand, government initiatives and incorporation of hearing aids under insurance reimbursement will lead to high market growth in Asia-Pacific market. Economies such as Japan and Australia will be the major revenue generators, where institutional and independent sales of hearing services are robust. Large-scale unmet needs in Middle East and Africa, and Asia-Pacific will allow exponential growth in the emerging economies. Significant development of healthcare infrastructure in populous countries such as China and growing reach of retail chains.Growth in diagnosis of hearing loss in general population and widespread trend of switch from analog devices to digital hearing aids further support the exponential growth in the Asia-Pacific.

Choose License Type
Connect With Us
+1-800-361-8290
24/7 Research Support

Credence Webinars

Join Credence analysts to explore the latest IT Trends

view upcoming webinars

Our Clients