Product Code: IRTNTR41078
The hearing aid market is forecasted to grow by USD 3173.4 mn during 2023-2028, accelerating at a CAGR of 6.1% during the forecast period. The report on the hearing aid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by global rise in number of patients with hearing loss, growth in use of binaural hearing aids, and growing focus on compliance with industrial standards.
Technavio's hearing aid market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.65% |
CAGR | 6.1% |
Incremental Value | $3173.4mn |
By End-user
By Product
- Hearing devices
- Hearing implants
By Geographical Landscape
- Europe
- North America
- Asia
- Rest of World (ROW)
This study identifies the increase in development of new products as one of the prime reasons driving the hearing aid market growth during the next few years. Also, growth of internet of things (iot)-integrated devices with additional features and growing adoption of hearing aids with rechargeable batteries will lead to sizable demand in the market.
The report on the hearing aid market covers the following areas:
- Hearing aid market sizing
- Hearing aid market forecast
- Hearing aid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hearing aid market vendors that include Advin Health Care, Amplifon SpA, Arphi Electronics Pvt. Ltd., Audicus Inc., Audina Hearing Instruments Inc., Beltone, Bernafon AG, Cochlear Ltd., Demant AS, GN Store Nord AS, Lisound Hearing Aid Fuzhou Co. Ltd., MED EL Elektromedizinische Gerate GmbH, Oticon Inc., RION Co. Ltd., SeboTek Hearing Systems LLC, Sonova AG, Starkey Laboratories Inc., Widex AS, WS Audiology AS, and Zounds Hearing Inc.. Also, the hearing aid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Hearing Aid Market 2018 - 2022
- Historic Market Size - Data Table on Global Hearing Aid Market 2018 - 2022 ($ million)
- 4.2 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
- 4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
- 6.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
- 6.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 6.3 Adults - Market size and forecast 2023-2028
- Chart on Adults - Market size and forecast 2023-2028 ($ million)
- Data Table on Adults - Market size and forecast 2023-2028 ($ million)
- Chart on Adults - Year-over-year growth 2023-2028 (%)
- Data Table on Adults - Year-over-year growth 2023-2028 (%)
- 6.4 Pediatricians - Market size and forecast 2023-2028
- Chart on Pediatricians - Market size and forecast 2023-2028 ($ million)
- Data Table on Pediatricians - Market size and forecast 2023-2028 ($ million)
- Chart on Pediatricians - Year-over-year growth 2023-2028 (%)
- Data Table on Pediatricians - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
- 7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 7.3 Hearing devices - Market size and forecast 2023-2028
- Chart on Hearing devices - Market size and forecast 2023-2028 ($ million)
- Data Table on Hearing devices - Market size and forecast 2023-2028 ($ million)
- Chart on Hearing devices - Year-over-year growth 2023-2028 (%)
- Data Table on Hearing devices - Year-over-year growth 2023-2028 (%)
- 7.4 Hearing implants - Market size and forecast 2023-2028
- Chart on Hearing implants - Market size and forecast 2023-2028 ($ million)
- Data Table on Hearing implants - Market size and forecast 2023-2028 ($ million)
- Chart on Hearing implants - Year-over-year growth 2023-2028 (%)
- Data Table on Hearing implants - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Asia - Market size and forecast 2023-2028
- Chart on Asia - Market size and forecast 2023-2028 ($ million)
- Data Table on Asia - Market size and forecast 2023-2028 ($ million)
- Chart on Asia - Year-over-year growth 2023-2028 (%)
- Data Table on Asia - Year-over-year growth 2023-2028 (%)
- 9.6 Rest of World (ROW) - Market size and forecast 2023-2028
- Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- 9.7 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.8 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.9 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.12 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Advin Health Care
- Advin Health Care - Overview
- Advin Health Care - Product / Service
- Advin Health Care - Key offerings
- 12.4 Amplifon SpA
- Amplifon SpA - Overview
- Amplifon SpA - Business segments
- Amplifon SpA - Key offerings
- Amplifon SpA - Segment focus
- 12.5 Arphi Electronics Pvt. Ltd.
- Arphi Electronics Pvt. Ltd. - Overview
- Arphi Electronics Pvt. Ltd. - Product / Service
- Arphi Electronics Pvt. Ltd. - Key offerings
- 12.6 Audicus Inc.
- Audicus Inc. - Overview
- Audicus Inc. - Product / Service
- Audicus Inc. - Key offerings
- 12.7 Audina Hearing Instruments Inc.
- Audina Hearing Instruments Inc. - Overview
- Audina Hearing Instruments Inc. - Product / Service
- Audina Hearing Instruments Inc. - Key offerings
- 12.8 Beltone
- Beltone - Overview
- Beltone - Product / Service
- Beltone - Key offerings
- 12.9 Cochlear Ltd.
- Cochlear Ltd. - Overview
- Cochlear Ltd. - Business segments
- Cochlear Ltd. - Key news
- Cochlear Ltd. - Key offerings
- Cochlear Ltd. - Segment focus
- 12.10 Demant AS
- Demant AS - Overview
- Demant AS - Business segments
- Demant AS - Key offerings
- Demant AS - Segment focus
- 12.11 GN Store Nord AS
- GN Store Nord AS - Overview
- GN Store Nord AS - Business segments
- GN Store Nord AS - Key news
- GN Store Nord AS - Key offerings
- GN Store Nord AS - Segment focus
- 12.12 Lisound Hearing Aid Fuzhou Co. Ltd.
- Lisound Hearing Aid Fuzhou Co. Ltd. - Overview
- Lisound Hearing Aid Fuzhou Co. Ltd. - Product / Service
- Lisound Hearing Aid Fuzhou Co. Ltd. - Key offerings
- 12.13 MED EL Elektromedizinische Gerate GmbH
- MED EL Elektromedizinische Gerate GmbH - Overview
- MED EL Elektromedizinische Gerate GmbH - Product / Service
- MED EL Elektromedizinische Gerate GmbH - Key news
- MED EL Elektromedizinische Gerate GmbH - Key offerings
- 12.14 RION Co. Ltd.
- RION Co. Ltd. - Overview
- RION Co. Ltd. - Product / Service
- RION Co. Ltd. - Key offerings
- 12.15 Sonova AG
- Sonova AG - Overview
- Sonova AG - Business segments
- Sonova AG - Key offerings
- Sonova AG - Segment focus
- 12.16 Starkey Laboratories Inc.
- Starkey Laboratories Inc. - Overview
- Starkey Laboratories Inc. - Product / Service
- Starkey Laboratories Inc. - Key offerings
- 12.17 WS Audiology AS
- WS Audiology AS - Overview
- WS Audiology AS - Product / Service
- WS Audiology AS - Key news
- WS Audiology AS - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations