“Rising number
of hearing loss patients coupled with increasing technological advancements and
user convenience has driven the Global Hearing Aid Market”
The report Titled “Global
Hearing Aid Market Outlook to 2023 - By Hearing Aid Devices (By Ear and By
Canal) and Hearing Implants (Cochlear implants and Hearing implants), By Region
(Americas, Europe, Asia-Pacific and RoW), By Type of Distribution channel
(Audiology & ENT clinics, Hospitals and Pharmacies)” by Ken
Research suggested that the Global Hearing Aid Market has been increasing due to
rising number of hearing loss patients, increasing personal disposable income,
growing demand for artificial intelligence coupled with increasing technological
up-gradations in the hearing aid devices. The market is expected to register a
positive CAGR of 5.4% in terms of revenue during the forecast period 2018-2023E.
Increasing technological
developments: In Hearing Aid market, it has been observed that there
is an increase in demand for customized hearing aid devices as they are invisible
and provide better convenience to hearing aid users as they are made in
accordance with the canal size of the user’s ear. The companies are focusing on
the trending smaller and sleeker designs of hearing aid devices so as to not
compromise on the quality with add on features such as Bluetooth streaming and
wireless connectivity in devices that may lead to higher adoption and
satisfaction rate among users.
Growing Number of Hearing
Loss Patients: The number of hearing loss patients has grown
significantly in the last five years. The number increased from 360 million in
2011 to 466 million in 2018. The major increase in the number of Hearing Loss
patients has been observed in Asian Pacific countries that have accounted
highest percentage share in the number of Global Hearing Loss patients,
segmented by WHO on the basis of Region. The increasing number of hearing loss
patients is the key factor that which has led to increase in the revenues of
hearing aid segment over the years.
Lack of Government Regulations and Unauthorized Sales: The hearing aid
market at global level faces the challenge of lack of government regulations and
reimbursement policies in countries which has become the major reason as to why
the adoption rate differs from country to country. The implants cannot
be sold through e-commerce platforms as it requires the implantation surgery. However,
hearing aid devices on the other hand are sold via e-commerce platforms by some
local manufacturers, which have been considered unauthorized by the manufacturing
companies, which is negatively impacting the sales of global hearing aid
companies.
Keywords
Global Hearing Aid Sales
Global Hearing Aid Devices
Revenue
Global Hearing Implants
Market
America Hearing Market
Europe Hearing Market
Asia-Pacific Hearing Market
Middle East Hearing Market
US Hearing Devices Market
Europe Hearing Devices
Market
Asia Hearing Devices Market
MENA Hearing Devices Market
USA Hearing Implants Sales
China Hearing Implants
Export
Japan Hearing Aid Devices
Sales
Australia Hearing Implants
Market
India Hearing Implants
Market
Germany Hearing Implants
Market
France Hearing Aid Devices
Market
Global Hearing Aid Trends
Global Hearing Aid Issues
Global Hearing Aid Pain Points
Global Hearing Aid Value Chain
Global Cochlear Implants
Global BAHA Implants
Global RIC Devices
BTE Devices India
Hearing Aid Distribution
Channel
ITE Devices Market
Cochlear Hearing Implant
Market
Hearing Aid Market Ecosystem
William Demant Holdings
Hearing Aid Market
Global Hearing Aid Companies
Strength Weakness
Global Hearing Market
Overview
MED-EL Hearing Implant
Market
Global Hearing Aid Market
Evolution
Market Share Global Hearing
Aid Companies
Global Hearing Aid Market Future
Outlook
Global Hearing Aid Market
Pricing Analysis
Italy Hearing Aid Market
France Hearing Aid Market
Regulations Hearing Aid
Market
Global Hearing Aid Market
Competition
Key
Segments Covered
By
Type of Hearing Aid
Hearing Aid Devices
Hearing Implants
By
Region
Americas
Europe
Asia-Pacific
RoW
By
Type of Distribution Channel
Audiology and ENT Clinics
Hospitals
Pharmacies
By
Type of Hearing Aid Devices
By Ear
By Canal
By
Type of Hearing Implants
Cochlear
BAHA
By
Hearing Implants in Region
Americas
Europe
Asia-Pacific
RoW
By
Ear type of Hearing Device
BTE
RIC
ITE
By
Canal type of Hearing Device
IIC and CIC
ITC
By
Hearing Aid Devices in Region
Americas
Europe
Asia-Pacific
RoW
Key
Target Audience
Hearing Aid Manufacturing Companies
International Manufacturers
Domestic Manufacturers
Private Equity Investors
Hospitals and ENT clinics
Government/ Regulatory Authorities
Time
Period Captured in the Report:
Historical
Period: 2013 - 2018
Forecast
Period: 2019E - 2023E
Companies
Covered:
Sonova Holdings
William Demant Holdings
GN Hearing
Widex
Sivantos
Starkey Hearing Technologies
Cochlear Limited
MED-EL
Rion Co. Ltd.
Zounds Hearing Inc.
Audina Hearing instruments
Microson
NewSound Hearing Aids
Key Topics Covered in the
Report
Global Hearing Aid Market
Overview and Genesis
Global Hearing Aid Market
Size, 2013 - 2018
Global Hearing Aid Market
Ecosystem
Global Hearing Aid Market
Value Chain Analysis
Global Hearing aid
devices and Hearing Implants Pricing Analysis
Global Hearing Aid Market
Size by Revenue (2013 - 2018)
Global Hearing Aid Market
Segmentation (2018)
Global Hearing Aid Market
Segmentation by Type (Hearing Aid Devices and Hearing Implants)
Global Hearing Aid Devices Market Segmentation by type (By
Ear and By Canal).
Global Hearing Aid
Devices Market Segmentation by Ear type (ITE, BTE and RIC).
Global Hearing Aid
Devices Market Segmentation by Canal type (IIC, CIC and ITC).
Global Hearing Aid
Devices Market Segmentation by Region (Americas, Europe, Asia-Pacific, RoW).
Global Hearing Implants Market
Segmentation by Type (Cochlear and BAHA).
Global Hearing Implants Market
Segmentation by Region (Americas, Europe, Asia-Pacific, RoW).
Global Hearing Aid Market
Segmentation by Distribution Channel (Audiology & ENT clinics, Hospitals
and Pharmacies)
Global Hearing Aid Market
Trends and Developments
Global Hearing Aid Market
Snapshot of Major Countries in, 2013-2018
Global Hearing Aid Market
Government Regulations, Certification and Labeling Practices
Global Hearing Aid Market
Investment Scenario
Global Hearing Aid Market
Mergers and Acquisitions of the companies, 2013-2018
Global Hearing Aid Market
Trends and Developments
Global Hearing Aid
Industry Porter’s Five Forces
Global Hearing Aid Market
Competitive Landscape
Global Hearing Aid Market
Company Profile of Major Players
Global Hearing Aid Market
Future Outlook and Projections, 2018 - 2023E
Global Hearing Aid Market
Future Outlook and Projections, 2018 - 2023E
Analyst Recommendations
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Ankur Gupta, Head Marketing & Communications
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