(Companies: Starkey, Sonova, Widex, Siemens and GN ReSound)
The global hearing aid devices and equipment market is expected to grow to $4.68 billion at a rate of about 4.0% through 2022. Growing prevalence of hearing loss is as a major driver for hearing aid devices & equipment market growth. In the United States, more than 35 million children and adults have some degree of hearing loss. Also, around 900 million people across the globe are expected to suffer from hearing disabilities by 2050 due to rise in noise pollution level, genetic factors, ear infections and other complications. High number of people suffering from hearing loss would result in huge demand for hearing aid devices across the globe. High cost of hearing aid devices is acting as a major restraint in the hearing aid devices and equipment market.
Use of 3D Printing is a trend that is prevalent in the hearing aid devices & equipment market (https://www.thebusinessresearchcompany.com/report/hearing-aid-devices-and-equipment-global-market-report). The 3D printing is a technology that produces 3D objects from 2D model which enables manufacturing of better fitting, more comfortable and customized hearing aid devices. The 3D printing enables the shape of ear shell to be customized according to customer’s individual ear canal and degree of hearing loss.
Major players in the market are Starkey, Sonova, Widex, Siemens and GN ReSound. Sonova Holding AG is an internationally active Swiss company headquartered in Stäfa that specializes in hearing care solutions. It is one of the largest providers in the sector worldwide. The group operates through its core business brands Phonak, Unitron, Hansaton, Advanced Bionics and AudioNova.
The global hearing aid devices and equipment market was valued at about $4 billion in 2018.
Hearing aids are devices and equipment designed and developed to improve hearing of people affected by hearing loss. Hearing aid devices and equipment are classified into hearing aid devices and hearing implants. Hearing aid devices and equipment include: Receiver-in-the-ear hearing aids, behind-the-ear hearing aids, canal hearing aids, in-the-ear (ite) hearing aids and the hearing implants include: cochlear implants and bone-anchored systems.
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Few Points From Table of Contents:
2. Hearing Aid Devices And Equipment Market Characteristics
3. Hearing Aid Devices And Equipment Market Size And Growth
3.1. Global Hearing Aid Devices And Equipment Historic Market, 2014 – 2018, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Hearing Aid Devices And Equipment Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Hearing Aid Devices And Equipment Market Segmentation
4.1. Global Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Receiver-In-The-Ear Hearing Aids
Behind-The-Ear Hearing Aids
Canal Hearing Aids
In-The-Ear (ITE) Hearing Aids
Other Hearing Aid Devices
4.2. Global Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Audiology and ENT Clinics
Pharmacies
Online Sales
Others
4.3. Global Hearing Aid Devices And Equipment Market, Segmentation By Technology, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Conventional Hearing Aid
Digital Hearing Aid
4.4. Global Hearing Aid Devices And Equipment Market, Segmentation By Patient, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Adult
Pediatrics
4.5. Global Hearing Aid Devices And Equipment Market, Segmentation By Type of Hearing Loss, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Conductive Hearing Loss
Sensorineural Hearing Loss
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