Hearing care devices restore hearing function in patients suffering from hearing impairment. Some of these devices (mainly implants) could even restore hearing function in profoundly deaf individuals.
High incidence of hearing disorders, new technological advancements in hearing systems, growth in geriatric population, and increase in binaural fitting rate are expected to drive the global hearing care devices market. However, high cost of the devices and rise in drop-out rate of the patients are expected to impede the market growth. The growth opportunities in emerging countries of Asia-Pacific and LAMEA are expected to provide numerous opportunities for the market growth during the forecast period.
The report segments the market based on product, type of hearing loss, end user, and region. Based on product, it is divided into hearing aids and hearing implants. Hearing aids are further bifurcated into analog- and digital hearing aids on the basis of technology. On the basis of type, these are classified into behind-the-ear (BTE) aids, in-the-ear aids, and receiver-in-the-ear (RITE), and canal hearing aids. On the basis of hearing loss, hearing care devices are bifurcated into sensorineural and conductive hearing loss. The end-user segment is categorized into hospitals & clinics, home settings, and ambulatory surgical centers (ASCs). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global hearing care devices market is highly competitive and is lucrative in nature. The key market players have adopted various developmental strategies, such as product launch and approval, strategic acquisitions, and mergers to strengthen their market position.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
It offers a quantitative analysis from 2016 to 2023, to enable the stakeholders capitalize on the prevailing market opportunities.
Extensive analysis by product helps to understand the various types of devices used for the treatment of hearing loss.
Comprehensive analysis of all geographical regions is provided, which helps determine the prevailing opportunities.
Key players are profiled and their strategies are analyzed thoroughly, which elucidates the competitive outlook of the global market.
Hearing Care Devices Market key Segments:
By Product
Hearing Aids
By Type
Behind-the-Ear (BTE) Aids
In-the-Ear Aids
Receiver-in-the-Ear (RITE)
Canal Hearing Aids
By Technology
Analog Hearing Aids
Digital Hearing Aids
Hearing Implants
Cochlear Implants
Bone-Anchored Hearing Systems (BAHS)
Auditory Brainstem Implants
Middle Ear Implants
By Type of Hearing Loss
Sensorineural Hearing Loss
Conductive Hearing Loss
By End User
Hospitals & Clinics
Home Settings
Ambulatory Surgical Centers (ASCs)
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
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
The major companies profiled in the report include
American Hearing Aids
Amplifon
Cochlear Ltd.
GN Store Nord A/S
IntriCon Corporation
MED-EL
Sivantos Pte. Ltd.
Sonova
Starkey
WIDEX USA, INC.
William Demant Holding A/S
