What is the Size of Hearing Devices Market?
The hearing devices market size is estimated to increase by USD 1.9 billion growing at a CAGR of 4.9% between 2023 and 2028. The hearing devices market is experiencing significant growth due to several key factors. One major trend is the increasing prevalence of auditory impairment, particularly among the aging population. Another trend is the integration of advanced technologies, such as sound processing algorithms, into hearing aids. These innovations enhance the listening experience and improve overall device performance. Canal hearing aids, including invisible and behind-the-ear models, are gaining popularity due to their discreet design. In addition, the demand for smart linked hearing devices, which can connect to smartphones and other devices, is on the rise. Infrared listening systems are also becoming increasingly common in educational settings to help students with hearing impairments. However, regulatory hurdles and battery life concerns continue to pose challenges for the market. Producers must navigate complex regulatory environments and ensure their devices meet stringent safety and efficacy standards. Moreover, the need for long-lasting batteries remains a significant concern for users, particularly those with active lifestyles. To remain competitive, hearing aid manufacturers must stay abreast of these trends and challenges, continually innovating to meet the evolving needs of their customers. By focusing on user experience, design, and technology, they can differentiate themselves in a crowded market and provide value to those with hearing impairments.
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 Geography
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 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 (%)
5 Historic Market Size
- 5.1 Global Hearing Devices Market 2018 - 2022
- Historic Market Size - Data Table on Global Hearing Devices Market 2018 - 2022 ($ million)
- 5.2 Product Type segment analysis 2018 - 2022
- Historic Market Size - Product Type Segment 2018 - 2022 ($ million)
- 5.3 Technology segment analysis 2018 - 2022
- Historic Market Size - Technology Segment 2018 - 2022 ($ million)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Hearing Devices Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Product Type
- 8.1 Market segments
- Chart on Product Type - Market share 2023-2028 (%)
- Data Table on Product Type - Market share 2023-2028 (%)
- 8.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
- 8.3 Hearing aids - Market size and forecast 2023-2028
- Chart on Hearing aids - Market size and forecast 2023-2028 ($ million)
- Data Table on Hearing aids - Market size and forecast 2023-2028 ($ million)
- Chart on Hearing aids - Year-over-year growth 2023-2028 (%)
- Data Table on Hearing aids - Year-over-year growth 2023-2028 (%)
- 8.4 Assistive listening devices (ALDs) - Market size and forecast 2023-2028
- Chart on Assistive listening devices (ALDs) - Market size and forecast 2023-2028 ($ million)
- Data Table on Assistive listening devices (ALDs) - Market size and forecast 2023-2028 ($ million)
- Chart on Assistive listening devices (ALDs) - Year-over-year growth 2023-2028 (%)
- Data Table on Assistive listening devices (ALDs) - Year-over-year growth 2023-2028 (%)
- 8.5 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
- Data Table on Market opportunity by Product Type ($ million)
9 Market Segmentation by Technology
- 9.1 Market segments
- Chart on Technology - Market share 2023-2028 (%)
- Data Table on Technology - Market share 2023-2028 (%)
- 9.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
- 9.3 Digital - Market size and forecast 2023-2028
- Chart on Digital - Market size and forecast 2023-2028 ($ million)
- Data Table on Digital - Market size and forecast 2023-2028 ($ million)
- Chart on Digital - Year-over-year growth 2023-2028 (%)
- Data Table on Digital - Year-over-year growth 2023-2028 (%)
- 9.4 Wireless - Market size and forecast 2023-2028
- Chart on Wireless - Market size and forecast 2023-2028 ($ million)
- Data Table on Wireless - Market size and forecast 2023-2028 ($ million)
- Chart on Wireless - Year-over-year growth 2023-2028 (%)
- Data Table on Wireless - Year-over-year growth 2023-2028 (%)
- 9.5 Rechargeable - Market size and forecast 2023-2028
- Chart on Rechargeable - Market size and forecast 2023-2028 ($ million)
- Data Table on Rechargeable - Market size and forecast 2023-2028 ($ million)
- Chart on Rechargeable - Year-over-year growth 2023-2028 (%)
- Data Table on Rechargeable - Year-over-year growth 2023-2028 (%)
- 9.6 Over-the-counter (OTC) - Market size and forecast 2023-2028
- Chart on Over-the-counter (OTC) - Market size and forecast 2023-2028 ($ million)
- Data Table on Over-the-counter (OTC) - Market size and forecast 2023-2028 ($ million)
- Chart on Over-the-counter (OTC) - Year-over-year growth 2023-2028 (%)
- Data Table on Over-the-counter (OTC) - Year-over-year growth 2023-2028 (%)
- 9.7 Analog - Market size and forecast 2023-2028
- Chart on Analog - Market size and forecast 2023-2028 ($ million)
- Data Table on Analog - Market size and forecast 2023-2028 ($ million)
- Chart on Analog - Year-over-year growth 2023-2028 (%)
- Data Table on Analog - Year-over-year growth 2023-2028 (%)
- 9.8 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 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 (%)
- 11.4 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 (%)
- 11.5 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 (%)
- 11.6 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 (%)
- 11.7 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 (%)
- 11.8 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 (%)
- 11.9 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 (%)
- 11.10 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 (%)
- 11.11 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 11.12 Italy - Market size and forecast 2023-2028
- Chart on Italy - Market size and forecast 2023-2028 ($ million)
- Data Table on Italy - Market size and forecast 2023-2028 ($ million)
- Chart on Italy - Year-over-year growth 2023-2028 (%)
- Data Table on Italy - Year-over-year growth 2023-2028 (%)
- 11.13 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 (%)
- 11.14 Spain - Market size and forecast 2023-2028
- Chart on Spain - Market size and forecast 2023-2028 ($ million)
- Data Table on Spain - Market size and forecast 2023-2028 ($ million)
- Chart on Spain - Year-over-year growth 2023-2028 (%)
- Data Table on Spain - Year-over-year growth 2023-2028 (%)
- 11.15 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 11.16 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 11.17 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 Amplifon SpA
- Amplifon SpA - Overview
- Amplifon SpA - Business segments
- Amplifon SpA - Key offerings
- Amplifon SpA - Segment focus
- SWOT
- 14.5 Beltone
- Beltone - Overview
- Beltone - Product / Service
- Beltone - Key offerings
- SWOT
- 14.6 Cochlear Ltd.
- Cochlear Ltd. - Overview
- Cochlear Ltd. - Business segments
- Cochlear Ltd. - Key news
- Cochlear Ltd. - Key offerings
- Cochlear Ltd. - Segment focus
- SWOT
- 14.7 Demant AS
- Demant AS - Overview
- Demant AS - Business segments
- Demant AS - Key offerings
- Demant AS - Segment focus
- SWOT
- 14.8 Eargo Inc
- Eargo Inc - Overview
- Eargo Inc - Product / Service
- Eargo Inc - Key offerings
- SWOT
- 14.9 GN Hearing AS
- GN Hearing AS - Overview
- GN Hearing AS - Product / Service
- GN Hearing AS - Key offerings
- SWOT
- 14.10 HearingLife
- HearingLife - Overview
- HearingLife - Product / Service
- HearingLife - Key offerings
- SWOT
- 14.11 Knowles Corp.
- Knowles Corp. - Overview
- Knowles Corp. - Business segments
- Knowles Corp. - Key offerings
- Knowles Corp. - Segment focus
- SWOT
- 14.12 MED EL Medical Electronics.
- MED EL Medical Electronics. - Overview
- MED EL Medical Electronics. - Product / Service
- MED EL Medical Electronics. - Key news
- MED EL Medical Electronics. - Key offerings
- SWOT
- 14.13 Onkyo Corp.
- Onkyo Corp. - Overview
- Onkyo Corp. - Product / Service
- Onkyo Corp. - Key offerings
- SWOT
- 14.14 Oticon
- Oticon - Overview
- Oticon - Product / Service
- Oticon - Key offerings
- SWOT
- 14.15 Otofonix Hearing Solutions
- Otofonix Hearing Solutions - Overview
- Otofonix Hearing Solutions - Product / Service
- Otofonix Hearing Solutions - Key offerings
- SWOT
- 14.16 Phonak ltd.
- Phonak ltd. - Overview
- Phonak ltd. - Product / Service
- Phonak ltd. - Key offerings
- SWOT
- 14.17 Sonova AG
- Sonova AG - Overview
- Sonova AG - Business segments
- Sonova AG - Key offerings
- Sonova AG - Segment focus
- SWOT
- 14.18 Starkey Laboratories Inc.
- Starkey Laboratories Inc. - Overview
- Starkey Laboratories Inc. - Product / Service
- Starkey Laboratories Inc. - Key offerings
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
- List of abbreviations
- o Strong market position
- o Economies of scale
- o Expansion of market through acquisitions
- o Strong geographic presence
- o Strong market position
- o Diversification in products
- o Strong operational management
- o Strong geographic presence
- o Expansion of market through acquisitions
- o Economies of scale
- o Strong market position
- o Diversification in products
- o Strong operational management
- o Differentiated product offering
- o Economies of scale
- o Economies of scale
- o Diversification in products
- o Strong operational management
- o Strong market position
- o Diversification in products
- o Strong operational management
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