Hearing Care Devices Market (Product: Hearing Aids, Hearing Implants; Type of Hearing Loss: Sensorineural Hearing Loss, Conductive Hearing Loss; End User: Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers (ASCs)) – Global Industry Analysis, Market Size, Opportunities and Forecast 2023

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Report ID : ARC517

Introduction

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. Hearing loss is an unfortunate injury that occurs from a destruction caused to small sensory cells in the inner ear, usually known as hair cell damage. Speaker, amplifier and microphone are the basics parts used in hearing device. Hearing devices receive sound through microphone which are converted into electrical signals. This signal is sent to an amplifier, which amplifies the received audio signals and then sends them through a speaker to the ear.

Market Dynamics

The growth of global hearing care devices market is impacted by factors such as rise in incidence of hearing disorders due to rise in geriatric population and demographics & lifestyle changes. In addition, the development of miniaturized hearing aids and advanced hearing implants fuel the demand for hearing care devices. However, numerous factors such as high cost of devices and high drop-out rates of patients are expected to hamper the market growth. With lucrative opportunities in the emerging economies and increasing penetration rate are expected to boost this market in next years.

On the basis of technology, the market is bifurcated into digital hearing aid and analog hearing aid. Digital hearing aid segment was the highest contributor to the global hearing aids market in 2016, and is estimated to maintain its dominance in terms of both revenue and volume during the forecast period. Digital hearing aids functions by converting sound waves to digital signals to produce an exact duplication of sound rather than amplifying it. Digital technology improves the performance of hearing aids in certain environments by reducing the background noise. These digital hearing aids are preferred the most now-a-days as these are flexible and adjustable for specific user needs. Hence, the demand among population for digital hearing aids is expected to boost growth of this market in coming years.

Report coverage

Market

 Global Hearing Care Devices Market

Analysis Period

2016 – 2023

Base Year

2016

Forecast Data

2017 – 2023

Market Stratification

Product , Type of Hearing Loss, End User, Geography

Regional Scope

North America, Europe, Asia-Pacific, LAMEA

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling

 

The market research study on “Hearing Care Devices Market (Product: Hearing Aids, Hearing Implants; Type of Hearing Loss: Sensorineural Hearing Loss, Conductive Hearing Loss; End User: Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers (ASCs)) – Global Industry Analysis, Market Size, Opportunities and Forecast 2023” offers a detailed study on the global market entailing insights on its different market segments. The report provides insights on global hearing care devices market, its product type, type of hearing loss, end users, and major geographic regions. Secondly, the report covers the global hearing care devices market size and volume, and the segment markets by product, type of hearing loss, end user, and geography along with the information on companies operating in the market. The hearing care device market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, and LAMEA. For each region, the market sizes and volume for different segments has been covered under the scope of report. The players profiled in the report include GN Store Nord A/S, Amplifon, Cochlear Ltd., Starkey, American Hearing Aids, Sivantos Pte. Ltd., Sonova, MED-EL, IntriCon Corporation, and William Demant, Holding A/S among others.

The global hearing care devices market is segmented as below:

Market Segmentation

Market 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
Market By Type of Hearing Loss
  • Sensorineural Hearing Loss
  • Conductive Hearing Loss
Market By End-User
  • Hospitals & Clinics
  • Home Settings
  • Ambulatory Surgical Centers (ASCs)
Market By Geography
  • North America
    • U.S. 
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA


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