According to Emergen Research, the global hearing aids market size was USD 5,825.34 million in 2020 and is expected to reach USD 9,532.66 million in 2028 and register a revenue CAGR of 6.3% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Hearing Aids Market, By Type (Behind-the-ear Hearing Aids, Receiver-in-the-ear Hearing Aids, In-the-ear Hearing Aids, Canal Hearing Aids, Others), By Hearing Loss (Sensorineural Hearing Loss, Conductive Hearing Loss), By Application (Adults, Pediatrics), By Distribution Channel (Online, Offline), and By Region Forecast to 2028”
According to Emergen Research, the global hearing aids market size was USD 5,825.34 million in 2020 and is expected to reach USD 9,532.66 million in 2028 and register a revenue CAGR of 6.3% during the forecast period, 2021-2028.
Market Dynamics:
Key factors providing impetus to the global hearing aids market revenue growth are increasing incidences of hearing loss both among children and adults, increase in geriatric population worldwide, growing use of hearing aids, and technological advancements in hearing aids, such as smart hearing aids. Hearing aids are battery-powered electronic devices specifically designed to improve the hearing process by making different sounds audible to the user. The device comprises three main components, including a microphone (to catch the sound around), amplifier (to make the sound louder), and a receiver (to send the amplified sound into the ear). Furthermore, increasing prevalence of congenital hearing loss, growing demand for behind-the-ear, in-the-ear, and completely-in-canal hearing aids, growing awareness of the advantages of these devices, and rising healthcare expenditure of people are other factors expected to drive the global hearing aids market revenue growth.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/108
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Behind-the-ear Hearing Aids Segment Accounted for Largest Revenue Share in 2020:
Based on type, the behind-the-ear hearing aids segment dominated other segments in terms of revenue share in the global hearing aids market in 2020. BTE hearing aids have a small curved case that fits easily behind the ear, and these devices can be connected to external sound sources such as auditory training equipment and infrared listening systems. Latest models of BTE hearing aids are compatible with Bluetooth and enable enhanced wireless connectivity. Moreover, these devices are easier to handle and provide higher sound amplification features. Growing demand for BTE hearing aids among the younger population is one of the key factors driving this segment’s revenue growth.
Sensorineural Hearing Loss Segment Accounted for Largest Revenue Share in 2020:
Based on type of hearing loss, the global hearing aids market is segmented into sensorineural hearing loss and conductive hearing loss. The sensorineural hearing loss segment accounted for the largest revenue share in the global market in 2020. Growing prevalence of sensorineural hearing loss, rise in global geriatric patient pool, new product launches, and increasing regulatory approvals are among the key factors driving revenue growth of this segment.
Looking for Discount [Click on the link] @ https://www.emergenresearch.com/request-discount/108
Asia Pacific Market to Account for Fastest Revenue CAGR:
Among regional markets, the Asia Pacific hearing aids market is expected to register the fastest revenue growth rate in the global market over the forecast period. Rising levels of noise pollution in urban regions, increasing geriatric population, increasing incidences of hearing loss, and growing demand for technologically advanced hearing aids, such as smart hearing aids are among the most important factors expected to boost the Asia Pacific market revenue growth.
Major Companies in the Global Hearing Aids Market Include:
- Sonova Group
- Benson Hearing
- Demant A/S
- GN Store Nord A/S
- Cochlear Ltd.
- RION Co., Ltd.
- Starkey
- Nurotron Biotechnology Co., Ltd.
- Audina Hearing Instruments, Inc.
- Elkon Pvt. Ltd.
- WS Audiology A/S
- Eargo, Inc.
- Horentek
- ZOUNDS Hearing Inc.
- SeboTek Hearing Systems, LLC
- IN4 Technology Corporation
- Nano Hearing Aids
- Earlens Corporation
- Austar Hearing Science and Technology (Xiamen) Co., Ltd.
- Lively Hearing Corporation
- Foshan Vohom Technology Co., Ltd.
For the purpose of this report, Emergen Research has segmented the global hearing aids market on the basis of type, hearing loss, application, distribution channel, and region:
Type Outlook (Revenue, USD Million; 2018-2028)
- Behind-the-ear Hearing Aids
- Receiver in-the-ear Hearing Aids
- In-the-ear Hearing Aids
- Canal Hearing Aids
- Others
Type of Hearing Loss Outlook (Revenue, USD Million; 2018-2028)
- Sensorineural Hearing Loss
- Conductive Hearing Loss
Application Outlook (Revenue, USD Million; 2018-2028)
- Adults
- Pediatrics
Distribution Channel Outlook (Revenue, USD Million; 2018-2028)
- Online
- Offline
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/hearing-aids-market
Region Outlook (Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
Explore Similar Reports offered by Emergen Research:
Smart Plug Market By Technology (Wi-Fi, Bluetooth), By Application (Commercial Use, Industrial Use, Household Use), and By Region Forecast to 2028.
Gaming Controller Market By Product (Joystick, Gamepad, Trackball, Light Gun, Throttle Quadrant), By Connectivity (Wired, Wireless), By Compatibility, By Distribution (Offline, Online), By End-Use (Commercial, Personal), and By Region Forecast to 2028.
Aerospace 3D Printing Market By Component (Hardware, Software, Services, Materials), By Technology (DMLS, FDM, SLA, SLS), By Application (Aircraft, Unmanned Aerial Vehicles, Spacecraft), and By Region Forecast to 2028.
Powered Agriculture Market, By Component (Hardware, Software, Services), By Technology (Guidance Technology, Remote Sensing, Variable Rate), By Equipment, By Application, and By Region Forecast to 2030.
Crystal Oscillator Market, By Crystal Cut (AT Cut, BT Cut, SC Cut, and Others), By General Circuitry, By Application, and By Region Forecast to 2028.
Educational Robot Market By Constituents (Software, Hardware, Controllers, Sensor and Actuators), By Type (Pre-Programmed, Humanoid, Autonomous Robot, Tele-operated, Augmenting), By Education Level, and By Region Forecast to 2028.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Press Release@ https://www.emergenresearch.com/press-release/global-hearing-aids-market