The India hearing aid
devices market is expected to register a steady CAGR in the forecast period,
FY2024-FY2028. Factors such as, the increasing prevalence of hearing loss
disorders, supportive government policies, and the high-end investments by the
public and private market players are primarily driving the demand for India
hearing aid devices market. Also, the integration of digital or smart
technologies in hearing aid devices and advancements in hearing aid device
technology by the market players are expected to create numerous growth
opportunities for the market players over the next five years.
Increased Prevalence of
Hearing Disorder Drives the Market Growth
At present, hearing loss is
among the most common sensory deficit in humans. According to the survey
conducted by NSSO in 20001, there are currently 291 persons per one lakh who
have a severe or mild hearing problem. Also, as per WHO, the hearing disorder
is highly prevalent in the Indian population and holds a share of 6.3%, and
about 63 million people are suffering from Significant Auditory Impairment. Out
of the people suffering from hearing disorders, a large percentage is the
children between the ages of 0 to 14 years. Such a large number of
hearing-impaired young Indians results in a massive loss in productivity, both
productivity and economy. People suffering from hearing disorders require the
assistance of hearing aid devices for normal functioning. The high demand for
affordable and technologically advanced hearing aid products in the market is
expected to bolster the market growth for the next five years.
Favorable Government Policies
Boosts the Market Growth
Under the NATIONAL PROGRAMME
FOR THE PREVENTION & CONTROL OF DEAFNESS (NPPCD), the government is working
on the development of a service network for persons suffering from hearing
impairment disorders covered under the project. The main components of the
program are manpower training and development to prevent, identity, and
efficiently manage the hearing impaired and deafness cases and train the
medical college level specialists. Other components are capacity building,
service provision under rehabilitation, and increasing awareness through IEC
activities. The hearing aids will be provided to hearing impaired children up
to the age of 14 years after obtaining the prescription from the ENT surgeons.
Also, the current government has launched a scheme specially for senior
citizens who live below the poverty line. Under the scheme ‘Rashtriya Vayoshri
Yojana’, senior citizens are able to obtain free assistive devices like hearing
aids and wheelchairs. Massive support from the government and increased
awareness among the consumers about the benefits of using hearing aid devices
are expected to accelerate the India hearing aid devices market growth in the
coming years.
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Market Segmentation
The India hearing aid devices
market is segmented into type, type of hearing loss , product type, technology
type, patient type, distribution channel, regional distribution, and competitive
landscape. Based on type, the market is divided into hearing aids v/s hearing
implants. Based on type of hearing loss, the market is divided into sensorineural
v/s conductive. Based on product type, the market is divided into wired v/s
wireless. Based on
technology type, the market is divided into digital and analog. Based on
patient type, the market is divided into adult and pediatric. Based on
distribution channel, the market is divided into online v/s offline. The
market is also studied on the basis of regional distribution and the regions
are majorly divided into north, east, south, and west.
Market Players
Amplifon India Pvt. Ltd.,
Starkey Hearing Technologies, Sonova Hearing India Pvt Ltd, Siemens India, WS
Audiology (Widex), Oticon - Otic Hearing Solutions Pvt.Ltd., Cochlear Limited
India, are the major market players operating in the India hearing aid devices market.
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Attribute
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Details
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Base Year
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FY2022
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Historic Data
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FY2018 – FY2021
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Estimated Year
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FY2023
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Forecast Period
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FY2024 – FY2028
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for FY2018-FY2022
and FY2023-FY2028
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Type
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Type of Hearing Loss
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Product Type
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Technology Type
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Patient Type
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Distribution Channel
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Region scope
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North, East, West, South
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Key companies profiled
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Amplifon India Pvt. Ltd., Starkey Hearing
Technologies, Sonova Hearing India Pvt Ltd, Siemens India, WS Audiology
(Widex), Oticon - Otic Hearing Solutions Pvt.Ltd., Cochlear Limited India
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, India hearing aid
devices market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- India Hearing Aid Devices Market, By Type:
- Hearing Aids
- Hearing Implants
- India Hearing Aid Devices Market, By Type of Hearing Loss:
- India Hearing Aid Devices Market, By Product Type:
- India Hearing Aid Devices Market, By Technology Type:
- India Hearing Aid Devices Market, By Patient Type:
- India Hearing Aid Devices Market, By Distribution Channel:
- India Hearing Aid
Devices Market, By Region:
o East
o West
o North
o South
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India hearing aid devices market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India hearing aid devices
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]