Hearing Aid Market Size, Share & COVID-19 Impact Analysis | Global | 2022-2028 | MedCore | Includes: Non-Programmable Analog Hearing Aids, Basic Digital Signal Processing Hearing Aids, and 3 more

  • Year: 2022
  • Scope: 10 Years
  • Region: Global
  • Pages: 49
  • Published Date: 11/03/2022
  • Type: MedCore

Product Description

Overall, the global manufacturer hearing aid market was valued at $12 billion in 2021. This is expected to increase over the forecast period at a CAGR of 7.1% to reach $19 billion.

The full report suite on the global market for hearing aids includes non-programmable analog, basic digital signal processing, economy digital signal processing, mid-level digital signal processing and premium digital signal processing hearing aids. Market revenue is also analyzed at both the manufacturer and retailer levels. Overall, this global market research includes analysis spawning across more than 70 countries in the world.

MARKET REPORT DATA TYPES INCLUDED

  • Unit Sales, Average Selling Prices, Market Size & Growth Trends
  • Procedure Numbers
  • COVID-19 Impact Analysis
  • Market Drivers & Limiters
  • Market Forecasts Until 2028, and Historical Data to 2018
  • Recent Mergers & Acquisitions
  • Company Profiles and Product Portfolios
  • Leading Competitors

GLOBAL HEARING AID MARKET TRENDS

global hearing aid marketHearing loss is strongly associated with age, with moderate hearing loss becoming common above 65 years of age. As the over-65 population grows there will be a larger hearing-impaired population, which will lead to greater demand for hearing aids as a treatment, driving the growth of the market. 

GLOBAL HEARING AID MARKET SHARE INSIGHTS

Overall, within the global hearing aid market there are three dominant competitors: Sonova, Starkey, and WSAudiology.global hearing aid marketIn 2021, Sonova was the leader of the global hearing aid market. Most of the success of this company was as a result of the great performance of the Phonak brand. Alongside Phonak, Unitron and Hansen played a vital role in company’s success.

GLOBAL HEARING AID MARKET SEGMENTATION SUMMARY

  • Non-programmable Analog Hearing Aids
  • Basic Digital Signal Processing Hearing Aids
  • Economy Digital Signal Processing Hearing Aids
  • Mid-level Digital Signal Processing Hearing Aids
  • Premium Digital Signal Processing Hearing Aids

Research Scope Summary

Report AttributeDetails
RegionsNorth America (Canada, United States)
Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela)
Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.)
Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine)
Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates)
Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam)
Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
Base Year2021
Forecast Period2022-2028
Historical Data2018-2021
Quantitative DataMarket Size, Market Share, Market Growth Rates, Units Sold, Average Selling Prices
Qualitative DataCOVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios
Data SourcesPrimary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data.

Read more about iData’s 9-Step Research Methodology

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  • Experts Only – iData has been around for over 17 years and is the trusted source of intelligence, and data-driven insights for key industry players. We are made up of specialists with a sole focus on medical devices, dental devices and pharmaceuticals. Our research and consulting field of endeavour never strays from the medical device industry and, because of this, we are the number one choice for leading companies in this field.
  • Global Coverage – iData’s unique methodology, and its expansion to over 70 countries world-wide, has made it one of the most viable sources of intelligence for global companies along with those who plan to expand their portfolio beyond the confines of their own country. Providing procedural data at the country level is another testimony to the trusted global coverage we provide.
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Table of Contents

Hearing Aid Market
6.1 Executive Summary
6.1.1 Global Hearing Aid Market Overview
6.1.2 Competitive Analysis
6.1.3 Markets Included
6.1.4 Regions Included
6.2 Introduction
6.2.1 Hearing Aids by Circuit
6.2.1.1 Non-Programmable Analog
6.2.1.2 Basic Digital Signal Processing
6.2.1.3 Economy Digital Signal Processing
6.2.1.4 Mid-Level Digital Signal Processing
6.2.1.5 Premium Digital Signal Processing
6.3 Market Overview
6.3.1 By Distributor Type
6.3.2 By Circuit Type
6.3.3 By Region
6.4 Market Analysis and Forecast
6.4.1 Retail Hearing Aid Market
6.4.2 Hearing Aid Market by Device Type
6.4.2.1 Non-Programmable Analog Hearing Aid Market
6.4.2.2 Basic Digital Signal Processing Hearing Aid Market
6.4.2.3 Economy Digital Signal Processing Hearing Aid Market
6.4.2.4 Mid-Level Digital Signal Processing Hearing Aid Market
6.4.2.5 Premium Digital Signal Processing Hearing Aid Market
6.5 Drivers and Limiters
6.5.1 Market Drivers
6.5.2 Market Limiters
6.6 Competitive Market Share Analysis

Companies Included:

Sonova
Starkey
WSAudiology
Demant Group
Others include: Audina, Bernafon, MicroTech, Miracle-Ear, Persona Medical, Rion, SeboTek Hearing Systems, Songbird Hearing, Sonic Innovations, etc.

List of Charts

Chart 6‑1: Hearing Aid Market, Global, 2018 – 2028
Chart 6‑2: Hearing Aid Units Sold, Global, 2021
Chart 6‑3: Retail Hearing Aid Device Market by Segment, Global, 2018 – 2028
Chart 6‑4: Retail Hearing Aid Device Market by Region, Global, 2018 – 2028
Chart 6‑5: Leading Competitors, Hearing Aid Market, Global, 2021

List of Figures

Figure 6‑1: Hearing Aid Markets Covered
Figure 6‑2: Hearing Aid Regions Covered, Global (1 of 2)
Figure 6‑3: Hearing Aid Regions Covered, Global (2 of 2)
Figure 6‑4: Retail Hearing Aid Device Market by Region, Global, 2018 – 2028 (US$M)
Figure 6‑5: Manufacturer Hearing Aid Device Market by Region, Global, 2018 – 2028 (US$M)
Figure 6‑6: Retail Hearing Aid Device Market by Segment, Global, 2018 – 2028 (US$M)
Figure 6‑7: Retail Hearing Aid Device Market by Region, Global, 2018 – 2028 (US$M)
Figure 6‑8: Retail Hearing Aid Market, Global, 2018 – 2028
Figure 6‑9: Units Sold by Region, Retail Hearing Aid Market, Global, 2018 – 2028
Figure 6‑10: Average Selling Price by Region, Retail Hearing Aid Market, Global, 2018 – 2028 (US$)
Figure 6‑11: Market Value by Region, Retail Hearing Aid Market, Global, 2018 – 2028 (US$M)
Figure 6‑12: Non-Programmable Analog Hearing Aid Market, Global, 2018 – 2028
Figure 6‑13: Units Sold by Region, Non-Programmable Analog Hearing Aid Market, Global, 2018 – 2028
Figure 6‑14: Average Selling Price by Region, Non-Programmable Analog Hearing Aid Market, Global, 2018 – 2028 (US$)
Figure 6‑15: Market Value by Region, Non-Programmable Analog Hearing Aid Market, Global, 2018 – 2028 (US$M)
Figure 6‑16: Basic Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028
Figure 6‑17: Units Sold by Region, Basic Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028
Figure 6‑18: Average Selling Price by Region, Basic Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028 (US$)
Figure 6‑19: Market Value by Region, Basic Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028 (US$M)
Figure 6‑20: Economy Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028
Figure 6‑21: Units Sold by Region, Economy Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028
Figure 6‑22: Average Selling Price by Region, Economy Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028 (US$)
Figure 6‑23: Market Value by Region, Economy Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028 (US$M)
Figure 6‑24: Mid-Level Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028
Figure 6‑25: Units Sold by Region, Mid-Level Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028
Figure 6‑26: Average Selling Price by Region, Mid-Level Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028 (US$)
Figure 6‑27: Market Value by Region, Mid-Level Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028 (US$M)
Figure 6‑28: Premium Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028
Figure 6‑29: Units Sold by Region, Premium Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028
Figure 6‑30: Average Selling Price by Region, Premium Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028 (US$)
Figure 6‑31: Market Value by Region, Premium Digital Signal Processing Hearing Aid Market, Global, 2018 – 2028 (US$M)
Figure 6‑32: Leading Competitors, Hearing Aid Market, Global, 2021

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  • Original primary research that consists of the most up-to-date market data
  • Strong foundation of quantitative and qualitative research
  • Focused on the needs and strategic challenges of the industry participants

Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.

Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.

Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.

Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.

Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.

Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.

Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.

Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.

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The full report suite on the global market for hearing aids includes non-programmable analog, basic digital signal processing, economy digital signal processing, mid-level digital signal processing and premium digital signal processing hearing aids. Market revenue is also analyzed at both the manufacturer and retailer levels.

  • 2022
  • 10 Years
  • Global
  • 11/03/2022
  • 49
  • MedCore
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