As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast. 

The global hearing aids market is projected to grow at a CAGR of over 4%, in value terms, during the forecast period, 2021-2025. Increasing government advisors and funding, high growth opportunities in the market, excessive noise pollution, which is contributing to the increasing number of patients with hearing problems is driving the hearing aids market, globally. Moreover, technological advancements such as integration of hearing aid devices with Bluetooth connectivity, and Wi-Fi enabled devices are positively influencing the growth of the market. 

The global hearing aids market is segmented base on product type, end user and region. Based on product type, Behind-the-ear (BTE) segment dominated the market in 2019 and the trend is projected to continue as well. This is due to the fact that they can fit easily behind the ear and are not visible. Additionally, many BTE models are Bluetooth compatible which is projected to drive the market through 2025. 

Some of the major players operating in the global hearing aids market are: ReSound, Widex, Oticon, Siemens AG, Starkey Hearing Technologies Inc., Phonak Hearing Systems, Zounds SeboTek Hearing Systems, LLC, Sivantos Pte. Ltd., GN Store Nord A/S, Cochlear Limited Hearing, Inc., etc. 

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021-2025

Objective of the Study:

·         To analyze and forecast market size of the global Hearing Aids market, in terms of value & Volume.

·         To define, classify and forecast the global hearing aids market on the basis of product type, end user and region.

·         To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global hearing aids market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.

·         To identify tailwinds and headwinds for the global hearing aids market.

·         To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the global hearing aids market.

·         To strategically profile the leading players, which are involved in the supply of hearing aids globally.

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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of hearing aids manufacturers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufactures and suppliers that could not be identified due to the limitations of secondary research. TechSci Research analysed product type, end user and regional presence of all major hearing aids manufacturers across the globe.

TechSci Research calculated the market size for the global hearing aids market using a bottom-up approach, where manufacturers’ value data for different type of (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal) hearing aids was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective supplier or manufacturers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

·         Global hearing aids manufacture

·         Global hearing aids suppliers 

·         Research organizations and consulting companies

·         Organizations, associations and alliances related to hearing aids manufacturing

·         Government bodies such as regulating authorities and policy makers.

·         Industry associations

·         Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as hearing aids manufactures, suppliers, distributors, dealers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market. 

Report Scope:

In this report, global hearing aids market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Hearing Aids Market, by Product Type:
      • In the Ear Hearing Aids
      • In the Canal
      • Completely in the Canal
      • Behind the Ear
      • Receiver in the Canal
  • Global Hearing Aids Market, by End User:
      • Hospital
      • Clinics
      • Individuals
  • Global Hearing Aids Market, by Geography:
      • North America
      • United States
      • Canada
      • Mexico
      • Rest of North America
      • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
      • Asia Pacific
      • China
      • Japan
      • South Korea
      • Australia
      • India
      • Rest of APAC
      • South America
      • Brazil
      • Argentina
      • Colombia
      • Rest of South America
      • MEA
      • Saudi Arabia
      • UAE
      • Iraq
      • South Africa
      • Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading players

Company Profiles: Detailed analysis of the major companies present in the global hearing aids market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of distributors and dealers across the regions.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Product Information

  • Detailed analysis of new products in the market and their driving forces in the market.
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1.       Product Overview

2.       Research Methodology

3.       Impact of COVID-19 on Global Hearing Aids Market

4.       Executive Summary

5.       Voice of Customer

5.1.     Factors Influencing Purchase Decision

5.2.     Product Awareness

5.3.     Brand Awareness

6.       Global Hearing Aids Market Outlook 

6.1.     Market Size & Forecast

6.1.1.   By Value & Volume

6.2.     Market Share & Forecast

6.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

6.2.2.  By End User (Hospital, Clinics & Individuals)

6.2.3.  By Region (North America, South America, Asia-Pacific, Europe and Middle East & Africa)

6.2.4.   By Company

6.3.     Market Attractiveness Index (By Product Type, By Region & By Region)

7.       Asia-Pacific Hearing Aids Market Outlook

7.1.     Market Size & Forecast

7.1.1.   By Value & Volume

7.2.      Market Share & Forecast

7.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

7.2.2.  By End User (Hospital, Clinics & Individuals)

7.2.3.  By Country (China, Japan, India, South Korea, Australia & Rest of Asia Pacific)

7.2.3.1. China Hearing Aids Market Outlook

7.2.3.1.1. Market Size & Forecast

7.2.3.1.1.1. By Value & Volume

7.2.3.1.2. Market Share & Forecast

7.2.3.1.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

7.2.3.1.2.2. By End User (Hospital, Clinics & Individuals)

7.2.3.2. India Hearing Aids Market Outlook

7.2.3.2.1. Market Size & Forecast

7.2.3.2.1.1. By Value & Volume

7.2.3.2.2. Market Share & Forecast

7.2.3.2.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

7.2.3.2.2.2. By End User (Hospital, Clinics & Individuals)

7.2.3.3. Japan Hearing Aids Market Outlook

7.2.3.3.1. Market Size & Forecast

7.2.3.3.1.1. By Value & Volume

7.2.3.3.2. Market Share & Forecast

7.2.3.3.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

7.2.3.3.2.2. By End User (Hospital, Clinics & Individuals)

7.2.3.3.2.3. Australia Hearing Aids Market Outlook

7.2.3.3.3. Market Size & Forecast

7.2.3.3.3.1. By Value & Volume

7.2.3.3.4. Market Share & Forecast

7.2.3.3.4.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

7.2.3.3.4.2. By End User (Hospital, Clinics & Individuals)

7.2.3.4. South Korea Hearing Aids Market Outlook

7.2.3.4.1. Market Size & Forecast

7.2.3.4.1.1. By Value & Volume

7.2.3.4.2. Market Share & Forecast

7.2.3.4.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

7.2.3.4.2.2. By End User (Hospital, Clinics & Individuals)

8.       North America Hearing Aids Market Outlook

8.1.     Market Size & Forecast

8.1.1.   By Value & Volume

8.2.      Market Share & Forecast

8.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

8.2.2.  By End User (Hospital, Clinics & Individuals)

8.2.3.  By Country (United States, Canada, Mexico & Rest of North America)

8.2.3.1. United States Hearing Aids Market Outlook

8.2.3.1.1. Market Size & Forecast

8.2.3.1.1.1. By Value & Volume

8.2.3.1.2. Market Share & Forecast

8.2.3.1.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

8.2.3.1.2.2. By End User (Hospital, Clinics & Individuals)

8.2.3.2. Canada Hearing Aids Market Outlook

8.2.3.2.1. Market Size & Forecast

8.2.3.2.1.1. By Value & Volume

8.2.3.2.2. Market Share & Forecast

8.2.3.2.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

8.2.3.2.2.2. By End User (Hospital, Clinics & Individuals)

8.2.3.3. Mexico Hearing Aids Market Outlook

8.2.3.3.1. Market Size & Forecast

8.2.3.3.1.1. By Value & Volume

8.2.3.3.2. Market Share & Forecast

8.2.3.3.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

8.2.3.3.2.2. By End User (Hospital, Clinics & Individuals)

9.       South America Hearing Aids Market Outlook

9.1.     Market Size & Forecast

9.1.1.   By Value & Volume

9.2.      Market Share & Forecast

9.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

9.2.2.  By End User (Hospital, Clinics & Individuals)

9.2.3.  By Country (Brazil, Argentina, Colombia & Rest of South America)

9.2.3.1. Brazil Hearing Aids Market Outlook

9.2.3.1.1. Market Size & Forecast

9.2.3.1.1.1. By Value & Volume

9.2.3.1.2. Market Share & Forecast

9.2.3.1.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

9.2.3.1.2.2. By End User (Hospital, Clinics & Individuals)

9.2.3.2. Argentina Hearing Aids Market Outlook

9.2.3.2.1. Market Size & Forecast

9.2.3.2.1.1. By Value & Volume

9.2.3.2.2. Market Share & Forecast

9.2.3.2.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

9.2.3.2.2.2. By End User (Hospital, Clinics & Individuals)

9.2.3.3. Colombia Hearing Aids Market Outlook

9.2.3.3.1. Market Size & Forecast

9.2.3.3.1.1. By Value & Volume

9.2.3.3.2. Market Share & Forecast

9.2.3.3.2.1. By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

9.2.3.3.2.2. By End User (Hospital, Clinics & Individuals)

10.    Europe Hearing Aids Market Outlook

10.1. Market Size & Forecast

10.1.1.       By Value & Volume

10.2.  Market Share & Forecast

10.2.1.      By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

10.2.2.      By End User (Hospital, Clinics & Individuals)

10.2.3.      By Country (UK, Germany, France, Italy, Spain & Rest of Europe)

10.2.3.1.             Germany Hearing Aids Market Outlook

10.2.3.1.1.                    Market Size & Forecast

10.2.3.1.1.1.  By Value & Volume

10.2.3.1.2.                    Market Share & Forecast

10.2.3.1.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

10.2.3.1.2.2.  By End User (Hospital, Clinics & Individuals)

10.2.3.2.             France Hearing Aids Market Outlook

10.2.3.2.1.                    Market Size & Forecast

10.2.3.2.1.1.  By Value & Volume

10.2.3.2.2.                    Market Share & Forecast

10.2.3.2.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

10.2.3.2.2.2.  By End User (Hospital, Clinics & Individuals)

10.2.3.3.             United Kingdom Hearing Aids Market Outlook

10.2.3.3.1.                    Market Size & Forecast

10.2.3.3.1.1.  By Value & Volume

10.2.3.3.2.                    Market Share & Forecast

10.2.3.3.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

10.2.3.3.2.2.  By End User (Hospital, Clinics & Individuals)

10.2.3.4.             Italy Hearing Aids Market Outlook

10.2.3.4.1.                    Market Size & Forecast

10.2.3.4.1.1.  By Value & Volume

10.2.3.4.2.                    Market Share & Forecast

10.2.3.4.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

10.2.3.4.2.2.  By End User (Hospital, Clinics & Individuals)

10.2.3.5.             Spain Hearing Aids Market Outlook

10.2.3.5.1.                    Market Size & Forecast

10.2.3.5.1.1.  By Value & Volume

10.2.3.5.2.                    Market Share & Forecast

10.2.3.5.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

10.2.3.5.2.2.  By End User (Hospital, Clinics & Individuals)

11.    MEA Hearing Aids Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value & Volume

11.2.  Market Share & Forecast

11.2.1.      By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

11.2.2.      By End User (Hospital, Clinics & Individuals)

11.2.3.   By Country (Saudi Arabia, UAE, Iraq, South Africa & Rest of MEA)  

11.2.3.1. Saudi Arabia Hearing Aids Market Outlook

11.2.3.1.1.  Market Size & Forecast

11.2.3.1.1.1.  By Value & Volume

11.2.3.1.2.   Market Share & Forecast

11.2.3.1.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

11.2.3.1.2.2.  By End User (Hospital, Clinics & Individuals)

11.2.3.2. UAE Hearing Aids Market Outlook

11.2.3.2.1.  Market Size & Forecast

11.2.3.2.1.1.  By Value & Volume

11.2.3.2.2.  Market Share & Forecast

11.2.3.2.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

11.2.3.2.2.2.  By End User (Hospital, Clinics & Individuals)

11.2.3.3.             Iraq Hearing Aids Market Outlook

11.2.3.3.1.                    Market Size & Forecast

11.2.3.3.1.1.  By Value & Volume

11.2.3.3.2.                    Market Share & Forecast

11.2.3.3.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

11.2.3.3.2.2.  By End User (Hospital, Clinics & Individuals)

11.2.3.4.             South Africa Hearing Aids Market Outlook

11.2.3.4.1.                    Market Size & Forecast

11.2.3.4.1.1.  By Value & Volume

11.2.3.4.2.                    Market Share & Forecast

11.2.3.4.2.1.  By Product Type (In the Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and Receiver in the Canal)

11.2.3.4.2.2.  By End User (Hospital, Clinics & Individuals)

12.    Market Dynamics

12.1.   Drivers/Opportunities

12.2.   Challenges/Pitfalls

13.    Market Trends & Developments

14.    Competitive Landscape

14.1.      Company Profiles (Top 10 Companies)

14.1.1.      ReSound

14.1.2.      Widex

14.1.3.      Oticon

14.1.4.      Siemens AG

14.1.5.      Starkey Hearing Technologies Inc.

14.1.6.      Phonak Hearing Systems

14.1.7.      Zounds SeboTek Hearing Systems, LLC

14.1.8.      Sivantos Pte. Ltd.

14.1.9.      GN Store Nord A/S

14.1.10.   Cochlear Limited Hearing, Inc.

15.    Strategic Recommendations

16.    About Us & Disclaimer

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