Global Hearing Aids Market

Global Hearing Aids Market: Focus on Products, Distribution Channels, and 11 Countries’ Data - Analysis and Forecast, 2019-2028

The global hearing aids market was estimated at $8.37 billion in 2018 and is anticipated to reach $16.34 billion by 2028.

SKU: BH120A
Published Year: 2019
 

With the introduction of advanced technologies, the medical device industry has witnessed entry of innovative products for the treatment and management of various diseases. The medical conditions such as changes in blood sugar levels, cholesterol imbalance, eye-sight problems, and hearing loss have witnessed transformation in their diagnosis and related treatment. Hearing loss, in fact, has recently emerged as one of the common medical problems worldwide. The market has witnessed high demand for hearing aid solutions with the rising incidence cases of hearing loss in older population and children. The hearing aids market has evolved from the use of conventional transistor type of products to artificial ear or cochlear implants. Rapidly aging population worldwide and increased prevalence of lifestyle diseases have led to an increased number of people suffering from hearing loss. However, a lack of awareness about hearing loss, severity, and use of hearing aids has created high demand for these medical devices. Thousands of people across the world have been estimated to suffer from hearing loss. However, there are only a fraction of them who are using hearing aids. The introduction of custom-made hearing aids has helped in impacting the market growth positively. Increased level of noise pollution, excessive use of headphones by children, and related lifestyle disorders are factors propelling a high demand for hearing aids. The rise in prevalence of hearing loss would lead to transformed products in the market which are compatible with the smartphones and can be used easily by all type of end users.

The market analysis of global hearing aids includes an in-depth examination of the key ecosystem players, and the key strategies and developments taking place in this market. Additionally, it includes market dynamics (market drivers, opportunities, and challenges), and industry analysis. Currently, there are two major types of hearing aids available in the market -- hearing aid devices and hearing implants. These product types are further sub-segmented based on the type of hearing loss and placement of the hearing aids. Based on distribution channel, the hearing aids market can further be sub-segmented into three broad categories - hospitals, audiology and ENT clinics, and pharmacies. Geographically, the market can be segmented into five distinct regions including North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World.

The purpose of the study is to gain a holistic view of the global hearing aids market in terms of various factors influencing it such as recent trends and technological advancements of the market. The scope of this report is centered upon conducting a detailed study of the hearing aid products which have the potential to help the patients with hearing loss and other hearing disabilities. The global hearing aids market is segmented into three types: product type, distribution channel, and region. The global market value was estimated using these three different approaches and was validated with one another. These segments are further segmented into several sub-segments to ease the market estimation. The report offers the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering the market.

This research report aims at answering questions related to various aspects of the global market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. Impact analysis and detailed product mapping have also been included in the report. The market (by region) has been further sub-segmented in various countries, and in each sub-segment the key market trends, list of the key players, and the recent developments that have taken place, have been discussed.

The answers to the following key questions can be derived from this report:

•    What are the key features of hearing aids which make them suitable for the hearing loss patients worldwide?
•    What are the advantages of hearing aid devices over hearing implants?
•    How did the hearing aids market evolve, and what is its scope in the future?
•    What are the major market drivers, challenges, and opportunities in the global hearing aids market?
•    What are the key development strategies which are implemented by the key players to stand out in this market?
•    Which are the leading companies dominating the global hearing aids market?
•    How many types of hearing aid devices are available in the market, and which are the companies offering hearing aid devices?
•    Based on product type, which hearing aids type is anticipated to witness massive rise in the demand in the forecast period and in which region? 
•    What are the different hearing implants available in the market? Which type of hearing implants is expected to witness high demand in the forecast period? 
•    What are investors’ perceptions about the global hearing aids market? Also, what is the reimbursement scenario of the market?
•    What are the key companies which made substantial investments to aid technological advancements in the market? 
•    What are the regulations pertaining to the global hearing aids market? What are the initiatives implemented by different government bodies to overcome the shortage of hearing aids in the developing economies?
•    What was the market value of the leading segments and sub-segments of the global hearing aids market?
•    How will each segment of the global hearing aids market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2028?
•    How will the industry evolve during the forecast period 2019-2028?
•    Which region carries the potential for the significant expansion of key companies for different hearing aid product types?

The key players who have significant contributions to the global hearing aids market are Cochlear Limited, GN Store Nord A/S, MED-EL, Sonova Holding AG, Starkey Hearing Technologies, Widex A/S, William Demant Holding A/S, Microson, and RION Co. Ltd., among others.

    Executive Summary
    1    Market Overview
          1.1    History of Hearing Aids
          1.2    Mechanism of a Hearing Aid
          1.3    Factors Propelling the Market Growth
                   1.3.1    Prevalence of Hearing Loss
                   1.3.2    Demand for Compact Hearing Aid Devices
          1.4    Classification of Hearing Aids Market
          1.5    Future Market Potential of Hearing Aids
 
    2    Market Dynamics
          2.1    Impact Analysis
          2.2    Market Drivers
                   2.2.1    Increasing Prevalence of Hearing Loss
                   2.2.2    Growing Incidence of Occupational Hazards
                   2.2.3    Rising Demand for Compact Hearing Aids
                   2.2.4    Rise in Self-Reported Cases of Hearing Loss
          2.3    Market Restraints and Challenges
                   2.3.1    Complications Associated with Surgical Procedures
                   2.3.2    Unauthorized Sales of Hearing Aid Devices
                   2.3.3    Non-Uniform Reimbursement Scenario
          2.4    Market Opportunities
                   2.4.1    Increasing Demand for Custom-made Hearing Aids
                   2.4.2    Product Launches
                   2.4.3    Brand Consolidation
 
    3    Competitive Landscape
          3.1    Key Strategies and Development
                   3.1.1    Product Launch and Enhancements
                   3.1.2    Collaborations, Partnership, Joint Ventures, and Agreements
                   3.1.3    Mergers and Acquisitions
                   3.1.4    Business Expansion
          3.2    Market Share Analysis
          3.3    Industry Attractiveness
                   3.3.1    Bargaining Power of Suppliers
                   3.3.2    Bargaining Power of Buyers
                   3.3.3    Threat of New Entrants
                   3.3.4    Threat of Substitute Products
                   3.3.5    Intensity of Competitive Rivalry
 
    4    Industry Insights
          4.1    Regulatory Framework
                   4.1.1    Regulatory Framework in the U.S.
                   4.1.2    Regulatory Framework in Europe
                   4.1.3    Regulatory Framework in Asia-Pacific
                               4.1.3.1    Japan
                               4.1.3.2    Australia
                               4.1.3.3    China
          4.2    List of Regulatory Bodies
 
    5    Global Hearing Aids Market (by Product)
          5.1    Assumptions and Limitations
          5.2    Overview
          5.3    Hearing Aid Devices
                   5.3.1    Global Hearing Aid Devices Market (by Type)
                               5.3.1.1    Behind-the-Ear (BTE)
                               5.3.1.2    In-the-Ear (ITE)
                               5.3.1.3    In-the-canal (ITC) and Completely-in-the-canal (CIC)
                   5.3.2    Global Hearing Aid Devices Market (by Region)
          5.4    Hearing Implants
                   5.4.1    Global Hearing Implants Market (by Type)
                               5.4.1.1    Cochlear Implants
                               5.4.1.2    BAHA Implants
                   5.4.2    Global Hearing Implants Market (by Region)
 
    6    Global Hearing Aids Market (by Distribution Channel)
          6.1    Overview
          6.2    Audiology and ENT Clinics
          6.3    Hospitals
          6.4    Pharmacies
 
    7    Global Hearing Aids Market (by Region)
          7.1    Overview
          7.2    North America
                   7.2.1    North America Hearing Aids Market (by Country)
                               7.2.1.1    The U.S.
                                              7.2.1.1.1    Hearing Implants Market in the U.S.
                                                                7.2.1.1.1.1    Cochlear Implants Market in the U.S.
                                                                7.2.1.1.1.2    BAHA Implants in the U.S.
                                              7.2.1.1.2    Hearing Aid Devices Market in the U.S.
                               7.2.1.2    Canada
                                              7.2.1.2.1    Hearing Implants Market in Canada
                                                                7.2.1.2.1.1    Cochlear Implants in Canada
                                                                7.2.1.2.1.2    BAHA Implants in Canada
                                              7.2.1.2.2    Hearing Aid Devices in Canada
          7.3    Europe
                   7.3.1    Europe Hearing Aids Market (by Country)
                               7.3.1.1    The U.K.
                                              7.3.1.1.1    Hearing Implants Market in the U.K.
                                                                7.3.1.1.1.1    Cochlear Implants in the U.K.
                                                                7.3.1.1.1.2    BAHA Implants in the U.K.
                                              7.3.1.1.2    Hearing Aid Devices Market in the U.K.
                               7.3.1.2    Germany
                                              7.3.1.2.1    Hearing Implants Market in Germany
                                                                7.3.1.2.1.1    Cochlear Implants in Germany
                                                                7.3.1.2.1.2    BAHA Implants in Germany
                                              7.3.1.2.2    Hearing Aid Devices Market in Germany
                               7.3.1.3    France
                                              7.3.1.3.1    Hearing Implants Market in France
                                                                7.3.1.3.1.1    Cochlear Implants in France
                                                                7.3.1.3.1.2    BAHA Implants in France
                                              7.3.1.3.2    Hearing Aid Devices Market in France
                               7.3.1.4    Rest-of-Europe
                                              7.3.1.4.1    Hearing Implants Market in Rest-of-Europe
                                                                7.3.1.4.1.1    Cochlear Implants in Rest-of-Europe
                                                                7.3.1.4.1.2    BAHA Implants in Rest-of-Europe
                                              7.3.1.4.2    Hearing Aid Devices Market in Rest-of-Europe
          7.4    Asia-Pacific
                   7.4.1    Asia-Pacific Hearing Aids Market (by Country)
                               7.4.1.1    Australia
                                              7.4.1.1.1    Hearing Implants in Australia
                                                                7.4.1.1.1.1    Cochlear Implants in Australia
                                                                7.4.1.1.1.2    BAHA Implants in Australia
                                              7.4.1.1.2    Hearing Aid Devices in Australia
                               7.4.1.2    Japan
                                              7.4.1.2.1    Hearing Implants in Japan
                                                                7.4.1.2.1.1    Cochlear Implants in Japan
                                                                7.4.1.2.1.2    BAHA Implants in Japan
                                              7.4.1.2.2    Hearing Aid Devices in Japan
                               7.4.1.3    China
                                              7.4.1.3.1    Hearing Implants in China
                                                                7.4.1.3.1.1    Cochlear Implants in China
                                                                7.4.1.3.1.2    BAHA Implants in China
                                              7.4.1.3.2    Hearing Aid Devices in China
                               7.4.1.4    India
                                              7.4.1.4.1    Hearing Implants in India
                                                                7.4.1.4.1.1    Cochlear Implants in India
                                                                7.4.1.4.1.2    BAHA Implants in India
                                              7.4.1.4.2    Hearing Aid Devices in India
                               7.4.1.5    Rest-of-Asia-Pacific
                                              7.4.1.5.1    Hearing Implants in Rest-of-Asia-Pacific
                                                                7.4.1.5.1.1    BAHA Implants in Rest-of-Asia-Pacific
                                                                7.4.1.5.1.2    BAHA Implants in Rest-of-Asia-Pacific
                                              7.4.1.5.2    Hearing Aid Devices in Rest-of-Asia-Pacific
          7.5    Latin America
                   7.5.1    Latin America Hearing Aids Market (by Country)
                               7.5.1.1    Brazil
                                              7.5.1.1.1    Hearing Implants in Brazil
                                                                7.5.1.1.1.1    Cochlear Implants in Brazil
                                                                7.5.1.1.1.2    BAHA Implants in Brazil
                                              7.5.1.1.2    Hearing Aid Devices in Brazil
                               7.5.1.2    Mexico
                                              7.5.1.2.1    Hearing Implants in Mexico
                                                                7.5.1.2.1.1    Cochlear Implants in Mexico
                                                                7.5.1.2.1.2    BAHA Implants in Mexico
                                              7.5.1.2.2    Hearing Aid Devices in Mexico
          7.6    Rest-of-the-World
 
    8    Company Profiles
          8.1    Overview
          8.2    Arphi Electronics Private Limited
                   8.2.1    Company Overview
                   8.2.2    Role of Arphi Electronics Private Limited in the Global Hearing Aids Market
                   8.2.3    SWOT Analysis
          8.3    Audina Hearing Instruments Inc.
                   8.3.1    Company Overview
                   8.3.2    Role of Audina Hearing Instruments Inc. for Global Hearing Aids Market
                   8.3.3    SWOT Analysis
          8.4    Cochlear Limited
                   8.4.1    Company Overview
                   8.4.2    Role of Cochlear Limited in the Global Hearing Aids Market
                   8.4.3    Financials
                   8.4.4    SWOT Analysis
          8.5    GN Store Nord A/S
                   8.5.1    Company Overview
                   8.5.2    Role of GN Store Nord A/S in the Global Hearing Aids Market
                   8.5.3    Financials
                   8.5.4    SWOT Analysis
          8.6    MED-EL
                   8.6.1    Company Overview
                   8.6.2    Role of MED-EL in the Global Hearing Aids Market
                   8.6.3    SWOT Analysis
          8.7    Microson
                   8.7.1    Company Overview
                   8.7.2    Role of Microson in the Global Hearing Aids Market
                   8.7.3    SWOT Analysis
          8.8    NewSound Hearing Aids
                   8.8.1    Company Overview
                   8.8.2    Role of NewSound Hearing Aids in the Global Hearing Aids Market
                   8.8.3    SWOT Analysis
          8.9    Nurotron Biotechnology Co. Ltd.
                   8.9.1    Company Overview
                   8.9.2    Role of Nurotron Biotechnology Co. Ltd. In the Global Hearing Aids Market
                   8.9.3    SWOT Analysis
         8.10   RION Co. Ltd.
                   8.10.1    Company Overview
                   8.10.2    Role of Rion Co. Ltd. in the Global Hearing Aids Market
                   8.10.3    Financials
                   8.10.4    SWOT Analysis
         8.11   Sonova Holding AG
                   8.11.1    Company Overview
                   8.11.2    Role of Sonova Holding AG in the Global Hearing Aids Market
                   8.11.3    Financials
                   8.11.4    SWOT Analysis
         8.12   Starkey Hearing Technologies
                   8.12.1    Company Overview
                   8.12.2    Role of Starkey Hearing Technologies in the Global Hearing Aids Market
                   8.12.3    SWOT Analysis
         8.13   Widex A/S
                   8.13.1    Company Overview
                   8.13.2    Role of Widex A/S in the Global Hearing Aids Market
                   8.13.3    SWOT Analysis
         8.14   William Demant Holding A/S
                   8.14.1    Company Overview
                   8.14.2    Role of William Demant Holding A/S in the Global Hearing Aids Market
                   8.14.3    Financials
                   8.14.4    SWOT Analysis
         8.15   Zounds Hearing Inc.
                   8.15.1    Company Overview
                   8.15.2    Role of Zounds Hearing Inc. in the Global Hearing Aids Market
                   8.15.3    SWOT Analysis
 
    9    Research Scope and Methodology
          9.1    Report Scope
          9.2    Research Methodology
 

List of Tables

Table 1:    Projected Hearing Loss Population Across the World by the WHO
Table 2.1:    Impact Analysis of Market Drivers in Global Hearing Aids Market
Table 2.2:    Impact Analysis of Market Restraints in Global Hearing Aids Market
Table 2.3:    Projected Hearing Loss Population Across the World by the WHO
Table 2.4:    Prevalence of Hearing Loss Across the World
Table 4.1:    Referral Route Followed in European Countries
Table 4.2:    List of Regulatory Bodies
Table 5.1:    Global Hearing Aid Devices Market (by Region), 2018, 2023, and 2028
Table 5.2:    Market Attractiveness of Global Hearing Aid Devices Market (by Product)
Table 5.3:    Global Hearing Implants Market (by Region), 2018, 2023, and 2028
Table 5.4:    Market Attractiveness of Global Hearing Implants Market (by Product)
Table 6.1:    Market Attractiveness of Global Hearing Aids Market by Distribution Channels
Table 7.1:    Global Hearing Implants Market ($Million), 2018-2028
Table 7.2:    North America Hearing Implants Market ($Million), 2018-2028
Table 7.3:    Europe Hearing Implants Market ($Million), 2018-2028
Table 7.4:    Asia-Pacific Hearing Implants Market ($Million), 2018-2028
Table 7.5:    Latin America Hearing Implants Market ($Million), 2018-2028
Table 7.6:    Hearing Implants Market in RoW ($Million), 2018-2028
Table 8.1:    Company Overview- Arphi Electronics Private Limited
Table 8.2:    Company Overview- Audina Hearing Instruments Inc.
Table 8.3:    Company Overview- Cochlear Limited
Table 8.4:    Company Overview- GN Store Nord A/S
Table 8.5:    Company Overview- MED-EL
Table 8.6:    Company Overview- Microson
Table 8.7:    Company Overview- NewSound Hearing Aids
Table 8.8:    Company Overview- Nurotron Biotechnology Co. Ltd.
Table 8.9:    Company Overview- RION Co., Ltd.
Table 8.10:    Company Overview- Sonova Holding AG
Table 8.11:    Company Overview- Starkey Hearing Technologies
Table 8.12:    Company Overview- Widex A/S
Table 8.13:    Company Overview- William Demant Holding A/S
Table 8.14:    Company Overview- Zounds Hearing Inc.

List of Figures

Figure 1:    Global Hearing Aid Devices, 2018-2028
Figure 2:    Global Hearing Aids Market (by Distribution Channel), Market Share 2018
Figure 3:    Global Hearing Aids Market (by Region), 2018-2028
Figure.4:    Global Hearing Aids Market: Competitive Landscape
Figure 5:    Share of Key Developments and Strategies in the Global Hearing Aids Market
Figure 6:    Market Share Analysis (by Companies) for the Global Hearing Implants Market, 2018
Figure 7:    Market Share Analysis (by Companies) for the Global Hearing Aid Devices Market, 2018
Figure 8:    Market Statistics
Figure 1.1:    Evolution of Hearing Aid Devices
Figure 1.2:    Classification of Hearing Aids Market
Figure 1.3:    Classification of Hearing Aids (by Product)
Figure 3.1:    Competitive Landscape
Figure 3.2:    Share of Key Developments and Strategies
Figure 3.3:    Product Launch and Enhancements Share (by Companies)
Figure 3.4:    Collaborations, Partnership, Joint Ventures, and Agreements Share (by Companies)
Figure 3.5:    Mergers and Acquisitions Share (by Companies)
Figure 3.6:    Market Share Analysis (by Companies) for the Global Hearing Implants Market, 2018
Figure 3.7:    Market Share Analysis (by Companies) for the Global Hearing Aid Devices Market, 2018
Figure 3.8:    Industry Attractiveness (Porter’s Five Forces Analysis)
Figure 3.9:    Bargaining Power of Suppliers: Overall Impact
Figure 3.10:    Bargaining Power of Buyers: Overall Impact
Figure 3.11:    Threat of New Entrants: Overall Impact
Figure 3.12:    Threat of Substitute Products: Overall Impact
Figure 3.13:    Intensity of Competitive Rivalry: Overall Impact
Figure 5.1:    Global Hearing Aids Market, by Product, Market Share, 2018
Figure 5.2:    Global Hearing Aids Market (by Product), 2018, 2023, and 2028
Figure 5.3:    Global Hearing Aid Devices Market, 2018-2028
Figure 5.4:    BTE in the Global Hearing Aid Devices Market, 2018-2028
Figure 5.5:    ITE in the Global Hearing Aid Devices Market, 2018-2028
Figure 5.6:    ITC and CIC in the Global Hearing Aid Devices Market, 2018-2028
Figure 5.7:    Global Hearing Implants Market, 2018-2028
Figure 5.8:    Cochlear Implants in the Global Hearing Aids Market, 2018-2028
Figure 5.9:    BAHA Implants in the Global Hearing Aids Market, 2018-2028
Figure 6.1:    Types of Distribution Channels in the Global Hearing Aids Market
Figure 6.2:    Global Hearing Aids Market (by Distribution Channel), Market Share, 2018
Figure 6.3:    Audiology and ENT Clinics in the Global Hearing Aids Market, 2018-2028
Figure 6.4:    Hospitals in the Global Hearing Aids Market, 2018-2028
Figure 6.5:    Pharmacies in the Global Hearing Aids Market, 2018-2028
Figure 7.1:    Global Hearing Aids Market (by Region), Market Share, 2018
Figure 7.2:    Global Hearing Implants Market (by Region), Market Share, 2018
Figure 7.3:    Global Hearing Aid Devices Market (by Region), Market Share, 2018
Figure 7.4:    North America: Hearing Aids Market, 2018-2028
Figure 7.5:    North America- Market Dynamics
Figure 7.6:    North America: Hearing Implants Market, 2018-2028
Figure 7.7:    The U.S.: Hearing Aids Market, 2018-2028
Figure 7.8:    The U.S.: Hearing Implants Market, 2018-2028
Figure 7.9:    The U.S.: Cochlear Implants Market, 2018-2028
Figure 7.10:    The U.S.: BAHA Implants Market, 2018-2028
Figure 7.11:    The U.S.: Hearing Aid Devices Market, 2018-2028
Figure 7.12:    Canada: Hearing Aids Market, 2018-2028
Figure 7.13:    Canada: Hearing Implants Market, 2018-2028
Figure 7.14:    Canada: Cochlear Implants Market, 2018-2028
Figure 7.15:    Canada: BAHA Implants Market, 2018-2028
Figure 7.16:    Canada: Hearing Aid Devices Market, 2018-2028
Figure 7.17:    Europe: Hearing Aids Market, 2018-2028
Figure 7.18:    Europe- Market Dynamics
Figure 7.19:    Europe: Hearing Implants Market, 2018, 2023, and 2028
Figure 7.20:    The U.K.: Hearing Aids Market, 2018-2028
Figure 7.21:    The U.K.: Hearing Implants Market, 2019-2028
Figure 7.22:    The U.K.: Cochlear Implants Market, 2018-2028
Figure 7.23:    The U.K.: BAHA Implants Market, 2018-2028
Figure 7.24:    The U.K.: Hearing Aid Devices Market, 2018-2028
Figure 7.25:    Germany: Hearing Aids Market, 2018-2028
Figure 7.26:    Germany: Hearing Implants Market, 2018-2028
Figure 7.27:    Germany: Cochlear Implants Market, 2018-2028
Figure 7.28:    Germany: BAHA Implants Market, 2018-2028
Figure 7.29:    Germany: Hearing Aid Devices Market, 2018-2028
Figure 7.30:    France: Hearing Aids Market, 2018-2028
Figure 7.31:    France: Hearing Implants Market, 2018-2028
Figure 7.32:    France: Cochlear Implants Market, 2018-2028
Figure 7.33:    France: BAHA Implants Market, 2018-2028
Figure 7.34:    France: Hearing Aid Devices Market, 2018-2028
Figure 7.35:    Rest-of-Europe: Hearing Aids Market, 2018-2028
Figure 7.36:    Rest-of-Europe: Hearing Implants Market, 2018-2028
Figure 7.37:    Rest-of-Europe: Cochlear Implants Market, 2018-2028
Figure 7.38:    Rest-of-Europe: BAHA Implants Market, 2018-2028
Figure 7.39:    Rest-of-Europe: Hearing Aid Devices Market, 2018-2028
Figure 7.40:    Asia-Pacific: Hearing Aids Market, 2018-2028
Figure 7.41:    Asia-Pacific- Market Dynamics
Figure 7.42:    Asia-Pacific: Hearing Implants Market, 2018-2028
Figure 7.43:    Australia: Hearing Aids Market, 2018-2028
Figure 7.44:    Australia: Hearing Implants Market, 2018-2028
Figure 7.45:    Australia: Cochlear Implants Market, 2018-2028
Figure 7.46:    Australia: BAHA Implants Market, 2018-2028
Figure 7.47:    Australia: Hearing Aid Devices Market, 2018-2028
Figure 7.48:    Japan: Hearing Aids Market, 2018-2028
Figure 7.49:    Japan: Hearing Implants Market, 2018-2028
Figure 7.50:    Japan: Cochlear Implants Market, 2018-2028
Figure 7.51:    Japan: BAHA Implants Market, 2018-2028
Figure 7.52:    Japan: Hearing Aid Devices Market, 2018-2028
Figure 7.53:    China: Hearing Aids Market, 2018-2028
Figure 7.54:    China: Hearing Implants Market, 2018-2028
Figure 7.55:    China: Cochlear Implants Market, 2018-2028
Figure 7.56:    China: BAHA Implants Market, 2018-2028
Figure 7.57:    China: Hearing Aid Devices Market, 2018-2028
Figure 7.58:    India: Hearing Aids Market, 2018-2028
Figure 7.59:    India: Hearing Implants Market, 2018-2028
Figure 7.60:    India: Cochlear Implants Market, 2018-2028
Figure 7.61:    India: BAHA Implants Market, 2018-2028
Figure 7.62:    India: Hearing Aid Devices Market, 2018-2028
Figure 7.63:    Rest-of-Asia-Pacific: Hearing Aids Market, 2018-2028
Figure 7.64:    Rest-of-Asia-Pacific: Hearing Implants Market, 2018-2028
Figure 7.65:    Rest-of-Asia-Pacific: Cochlear Implants Market, 2018-2028
Figure 7.66:    Rest-of-Asia-Pacific: BAHA Implants Market, 2018-2028
Figure 7.67:    Rest-of-Asia-Pacific: Hearing Aid Devices Market, 2018-2028
Figure 7.68:    Latin America: Hearing Aids Market, 2018-2028
Figure 7.69:    Latin America- Market Dynamics
Figure 7.70:    Latin America: Hearing Implants Market, 2018-2028
Figure 7.71:    Brazil: Hearing Aids Market, 2018-2028
Figure 7.72:    Brazil: Hearing Implants Market, 2018-2028
Figure 7.73:    Brazil: Cochlear Implants Market, 2018-2028
Figure 7.74:    Brazil: BAHA Implants Market, 2018-2028
Figure 7.75:    Brazil: Hearing Aid Devices Market, 2018-2028
Figure 7.76:    Mexico: Hearing Aids Market, 2018-2028
Figure 7.77:    Mexico: Hearing Implants Market, 2018-2028
Figure 7.78:    Mexico: Cochlear Implants Market, 2018-2028
Figure 7.79:    Mexico: BAHA Implants Market, 2018-2028
Figure 7.80:    Mexico: Hearing Aid Devices Market, 2018-2028
Figure 7.81:    RoW: Hearing Aids Market, 2018-2028
Figure 7.82:    RoW- Market Dynamics
Figure 7.83:    RoW: Hearing Implants Market, 2018-2028
Figure 8.1:    Number of Companies Profiled: Global Hearing Aids Market, 2018
Figure 8.2:    Arphi Electronics Private Limited, Global Presence
Figure 8.3:    Arphi Electronics Private Limited: SWOT Analysis
Figure 8.4:    Audina Hearing Instruments Inc.: Product Portfolio
Figure 8.5:    Audina Hearing Instruments Inc., Global Presence
Figure 8.6:    Audina Hearing Instruments Inc.: SWOT Analysis
Figure 8.7:    Cochlear Limited: Product Portfolio
Figure 8.8:    Cochlear Limited, Overall Financials, 2016-2018
Figure 8.9:    Cochlear Limited, Total Sales Revenue (by Segment), 2016-2018
Figure 8.10:    Cochlear Limited, Cochlear Implants, Unit Sales, 2010-2018
Figure 8.11:    Cochlear Limited, Total Sales Revenue, 2013-2018
Figure 8.12:    Cochlear Limited, Global Presence
Figure 8.13:    Cochlear Limited: SWOT Analysis
Figure 8.14:    GN Store Nord A/S: Product Portfolio
Figure 8.15:    GN Store Nord, Total Sales Revenue, 2014-2018
Figure 8.16:    GN Hearing, Total Sales Revenue, 2016-2018
Figure 8.17:    GN Store Nord A/S, Global Presence
Figure 8.18:    GN Store Nord A/S: SWOT Analysis
Figure 8.19:    MED-EL: Product Portfolio
Figure 8.20:    MED-EL, Global Presence
Figure 8.21:    MED-EL: SWOT Analysis
Figure 8.22:    Microson: Product Portfolio
Figure 8.23:    Microson, Global Presence
Figure 8.24:    Microson: SWOT Analysis
Figure 8.25:    NewSound Hearing Aids: Product Portfolio
Figure 8.26:    NewSound Hearing Aids, Global Presence
Figure 8.27:    NewSound Hearing Aids: SWOT Analysis
Figure 8.28:    NewSound Hearing Aids, Global Presence
Figure 8.29:    Nurotron Biotechnology Co. Ltd.: SWOT Analysis
Figure 8.30:    RION Co Ltd.: Product Portfolio
Figure 8.31:    RION Co., Ltd., Total Sales Revenue, 2015-2018
Figure 8.32:    RION Co. Ltd., Global Presence
Figure 8.33:    RION Co. Ltd.: SWOT Analysis
Figure 8.34:    Sonova Holding AG: Product Portfolio
Figure 8.35:    Sonova Holding AG, Total Sales Revenue, 2017-2018
Figure 8.36:    Sonova Holding AG, Global Presence
Figure 8.37:    Sonova Holding AG: SWOT Analysis
Figure 8.38:    Starkey Hearing Technologies: Product Portfolio
Figure 8.39:    Starkey Hearing Technologies, Global Presence
Figure 8.40:    Starkey Hearing Technologies: SWOT Analysis
Figure 8.41:    Widex A/S: Product Portfolio
Figure 8.42:    Widex A/S, Global Presence
Figure 8.43:    Widex A/S: SWOT Analysis
Figure 8.44:    William Demant Holding A/S: Product Portfolio
Figure 8.45:    William Demant Holding A/S, Global Presence
Figure 8.46:    William Demant Holding A/S, Total Sales Revenue, 2014-2018
Figure 8.47:    William Demant Holding A/S, Regional Revenue, 2018
Figure 8.48:    William Demant Holding A/S: SWOT Analysis
Figure 8.49:    Zounds Hearing Inc.: SWOT Analysis
Figure 9.1:    Global Hearing Aids: Market Segmentation
Figure 9.2:    Global Hearing Aids Market (by Product)
Figure 9.3:    Hearing Aids Market Research Methodology
Figure 9.4:    Primary Research
Figure 9.5:    Secondary Research
Figure 9.6:    Data Triangulation
Figure 9.7:    Top-Down Approach (Segment-wise Analysis)
Figure 9.8:    Bottom-Up Approach (Segment-wise Analysis)
Figure 9.9:    Assumptions and Limitations
Figure 9.10:    Factors Considered for Data Prediction and Modeling

Hearing loss is one of the common medical problems encountered worldwide. However, it has been reported that a high percentage of affected individuals does not use hearing aids. The World Health Organization has estimated that the number of individuals suffering from hearing loss is expected to rise to 900 million by 2050. The increasing aging population is one of the leading factors for the market growth. Middle East and Africa have reported high projection for the hearing loss by 2050 which has been estimated to rise by 3.2% growth rate. The prevalence of hearing loss has been recorded as 8.36% in the Central/East Europe and Central Asia, which is the highest amongst the other regions included in the study. 2018. The prevalence is expected to rise in the coming years fuelling the market demand for hearing aid devices, including devices and implants both. The hearing loss can be prevented with public health measures. In children under 15 years of age, 60% of hearing loss is attributable to preventable causes. This figure is higher in low- and middle-income countries (75%) as compared to high-income countries (49%). The manufacturers are concentrated toward the introduction of breakthrough technology for the hearing aid devices in the recent years. Currently, the market is experiencing increased product launches across the world along with business expansion. Artificial intelligence is the latest innovation introduced in the global hearing aids market, focusing mainly on hearing aid devices.

Hearing loss is also known as hearing impairment which is defined as the partial or total inability to hear in a person. This medical condition can occur in one or both ears. Hearing loss can be temporary or permanent, depending on the causative agent of the medical complication. There are different factors such as genetics, aging, exposure to high decibel (dB) of sound, chronic infections, birth complications, trauma, toxins or occupational hazards. Significant number of companies and research institutes from across the globe are working actively to develop various hearing aids with the aim to eliminate the complications associated with the surgical procedures and increase the awareness about the use of hearing aids. Currently, there are two major types of hearing aids available in the market including hearing aid devices and hearing implants, these product types are further sub-segmented based on the type of hearing loss and placement of the hearing aids.

The purpose of the study is to gain a holistic view of the global hearing aids market in terms of various factors influencing it such as recent trends and technological advancements of the market. The scope of this report is centered upon conducting a detailed study of the hearing aid products which have the potential to help the patients with hearing loss and other hearing disabilities. The global hearing aids market is segmented into three types- product type, distribution channel, and region. The global market value was estimated using these three different approaches and was validated with one another. These segments are further segmented into several sub-segments to ease the market estimation.

The global hearing aids market was estimated at $8.37 billion in 2018 and is anticipated to reach $16.34 billion by 2028. Among the different hearing aids available in the market, hearing aid devices contributed to the highest market share of the global hearing aids market in 2018. However, hearing implants market is expected to witness the highest CAGR during the forecast period between 2019 and 2028. The product launches by the key players in the pipeline have attributed to the highest CAGR of the hearing implants market.

Based on distribution channel, pharmacies occupied higher market share as compared to hospitals, audiology, and ENT clinics. Pharmacies projected a high CAGR for the forecast period 2019 and 2028, due to the introduction of over-the-counter products and increased awareness about the use of hearing aid devices.

The global hearing aids market is segmented by the geographical regions into North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World (RoW). The RoW region comprises Middle East and Africa. North America is the leading contributor to the global hearing aids market with a contribution of about 36.09% of the total market share in 2018. The North America market is also expected to grow at a CAGR of 8.96% in the forecast period 2019-2028. The global hearing aids market is majorly dominated by the U.S. and the European players. However, several emerging countries of Asia-Pacific and Latin America displayed high potential to witness robust growth rate during the period. The Australia-based company, Cochlear Limited offering cochlear implants or artificial ear contributed more than 50% of the market value in 2018 to the global hearing implants market.

The key players who have significant contributions to the global hearing aids market are Cochlear Limited, GN Store Nord A/S, MED-EL, Sonova Holding AG, Starkey Hearing Technologies, Widex A/S, William Demant Holding A/S, Microson, and RION Co. Ltd., among others.

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With the introduction of advanced technologies, the medical device industry has witnessed entry of innovative products for the treatment and management of various diseases. The medical conditions such as changes in blood sugar levels, cholesterol imbalance, eye-sight problems, and hearing loss have witnessed transformation in their diagnosis and related treatment. Hearing loss, in fact, has recently emerged as one of the common medical problems worldwide. The market has witnessed high demand for hearing aid solutions with the rising incidence cases of hearing loss in older population and children. The hearing aids market has evolved from the use of conventional transistor type of products to artificial ear or cochlear implants. Rapidly aging population worldwide and increased prevalence of lifestyle diseases have led to an increased number of people suffering from hearing loss. However, a lack of awareness about hearing loss, severity, and use of hearing aids has created high demand for these medical devices. Thousands of people across the world have been estimated to suffer from hearing loss. However, there are only a fraction of them who are using hearing aids. The introduction of custom-made hearing aids has helped in impacting the market growth positively. Increased level of noise pollution, excessive use of headphones by children, and related lifestyle disorders are factors propelling a high demand for hearing aids. The rise in prevalence of hearing loss would lead to transformed products in the market which are compatible with the smartphones and can be used easily by all type of end users.

The market analysis of global hearing aids includes an in-depth examination of the key ecosystem players, and the key strategies and developments taking place in this market. Additionally, it includes market dynamics (market drivers, opportunities, and challenges), and industry analysis. Currently, there are two major types of hearing aids available in the market -- hearing aid devices and hearing implants. These product types are further sub-segmented based on the type of hearing loss and placement of the hearing aids. Based on distribution channel, the hearing aids market can further be sub-segmented into three broad categories - hospitals, audiology and ENT clinics, and pharmacies. Geographically, the market can be segmented into five distinct regions including North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World.

The purpose of the study is to gain a holistic view of the global hearing aids market in terms of various factors influencing it such as recent trends and technological advancements of the market. The scope of this report is centered upon conducting a detailed study of the hearing aid products which have the potential to help the patients with hearing loss and other hearing disabilities. The global hearing aids market is segmented into three types: product type, distribution channel, and region. The global market value was estimated using these three different approaches and was validated with one another. These segments are further segmented into several sub-segments to ease the market estimation. The report offers the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering the market.

This research report aims at answering questions related to various aspects of the global market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. Impact analysis and detailed product mapping have also been included in the report. The market (by region) has been further sub-segmented in various countries, and in each sub-segment the key market trends, list of the key players, and the recent developments that have taken place, have been discussed.

The answers to the following key questions can be derived from this report:

•    What are the key features of hearing aids which make them suitable for the hearing loss patients worldwide?
•    What are the advantages of hearing aid devices over hearing implants?
•    How did the hearing aids market evolve, and what is its scope in the future?
•    What are the major market drivers, challenges, and opportunities in the global hearing aids market?
•    What are the key development strategies which are implemented by the key players to stand out in this market?
•    Which are the leading companies dominating the global hearing aids market?
•    How many types of hearing aid devices are available in the market, and which are the companies offering hearing aid devices?
•    Based on product type, which hearing aids type is anticipated to witness massive rise in the demand in the forecast period and in which region? 
•    What are the different hearing implants available in the market? Which type of hearing implants is expected to witness high demand in the forecast period? 
•    What are investors’ perceptions about the global hearing aids market? Also, what is the reimbursement scenario of the market?
•    What are the key companies which made substantial investments to aid technological advancements in the market? 
•    What are the regulations pertaining to the global hearing aids market? What are the initiatives implemented by different government bodies to overcome the shortage of hearing aids in the developing economies?
•    What was the market value of the leading segments and sub-segments of the global hearing aids market?
•    How will each segment of the global hearing aids market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2028?
•    How will the industry evolve during the forecast period 2019-2028?
•    Which region carries the potential for the significant expansion of key companies for different hearing aid product types?

The key players who have significant contributions to the global hearing aids market are Cochlear Limited, GN Store Nord A/S, MED-EL, Sonova Holding AG, Starkey Hearing Technologies, Widex A/S, William Demant Holding A/S, Microson, and RION Co. Ltd., among others.

    Executive Summary
    1    Market Overview
          1.1    History of Hearing Aids
          1.2    Mechanism of a Hearing Aid
          1.3    Factors Propelling the Market Growth
                   1.3.1    Prevalence of Hearing Loss
                   1.3.2    Demand for Compact Hearing Aid Devices
          1.4    Classification of Hearing Aids Market
          1.5    Future Market Potential of Hearing Aids
 
    2    Market Dynamics
          2.1    Impact Analysis
          2.2    Market Drivers
                   2.2.1    Increasing Prevalence of Hearing Loss
                   2.2.2    Growing Incidence of Occupational Hazards
                   2.2.3    Rising Demand for Compact Hearing Aids
                   2.2.4    Rise in Self-Reported Cases of Hearing Loss
          2.3    Market Restraints and Challenges
                   2.3.1    Complications Associated with Surgical Procedures
                   2.3.2    Unauthorized Sales of Hearing Aid Devices
                   2.3.3    Non-Uniform Reimbursement Scenario
          2.4    Market Opportunities
                   2.4.1    Increasing Demand for Custom-made Hearing Aids
                   2.4.2    Product Launches
                   2.4.3    Brand Consolidation
 
    3    Competitive Landscape
          3.1    Key Strategies and Development
                   3.1.1    Product Launch and Enhancements
                   3.1.2    Collaborations, Partnership, Joint Ventures, and Agreements
                   3.1.3    Mergers and Acquisitions
                   3.1.4    Business Expansion
          3.2    Market Share Analysis
          3.3    Industry Attractiveness
                   3.3.1    Bargaining Power of Suppliers
                   3.3.2    Bargaining Power of Buyers
                   3.3.3    Threat of New Entrants
                   3.3.4    Threat of Substitute Products
                   3.3.5    Intensity of Competitive Rivalry
 
    4    Industry Insights
          4.1    Regulatory Framework
                   4.1.1    Regulatory Framework in the U.S.
                   4.1.2    Regulatory Framework in Europe
                   4.1.3    Regulatory Framework in Asia-Pacific
                               4.1.3.1    Japan
                               4.1.3.2    Australia
                               4.1.3.3    China
          4.2    List of Regulatory Bodies
 
    5    Global Hearing Aids Market (by Product)
          5.1    Assumptions and Limitations
          5.2    Overview
          5.3    Hearing Aid Devices
                   5.3.1    Global Hearing Aid Devices Market (by Type)
                               5.3.1.1    Behind-the-Ear (BTE)
                               5.3.1.2    In-the-Ear (ITE)
                               5.3.1.3    In-the-canal (ITC) and Completely-in-the-canal (CIC)
                   5.3.2    Global Hearing Aid Devices Market (by Region)
          5.4    Hearing Implants
                   5.4.1    Global Hearing Implants Market (by Type)
                               5.4.1.1    Cochlear Implants
                               5.4.1.2    BAHA Implants
                   5.4.2    Global Hearing Implants Market (by Region)
 
    6    Global Hearing Aids Market (by Distribution Channel)
          6.1    Overview
          6.2    Audiology and ENT Clinics
          6.3    Hospitals
          6.4    Pharmacies
 
    7    Global Hearing Aids Market (by Region)
          7.1    Overview
          7.2    North America
                   7.2.1    North America Hearing Aids Market (by Country)
                               7.2.1.1    The U.S.
                                              7.2.1.1.1    Hearing Implants Market in the U.S.
                                                                7.2.1.1.1.1    Cochlear Implants Market in the U.S.
                                                                7.2.1.1.1.2    BAHA Implants in the U.S.
                                              7.2.1.1.2    Hearing Aid Devices Market in the U.S.
                               7.2.1.2    Canada
                                              7.2.1.2.1    Hearing Implants Market in Canada
                                                                7.2.1.2.1.1    Cochlear Implants in Canada
                                                                7.2.1.2.1.2    BAHA Implants in Canada
                                              7.2.1.2.2    Hearing Aid Devices in Canada
          7.3    Europe
                   7.3.1    Europe Hearing Aids Market (by Country)
                               7.3.1.1    The U.K.
                                              7.3.1.1.1    Hearing Implants Market in the U.K.
                                                                7.3.1.1.1.1    Cochlear Implants in the U.K.
                                                                7.3.1.1.1.2    BAHA Implants in the U.K.
                                              7.3.1.1.2    Hearing Aid Devices Market in the U.K.
                               7.3.1.2    Germany
                                              7.3.1.2.1    Hearing Implants Market in Germany
                                                                7.3.1.2.1.1    Cochlear Implants in Germany
                                                                7.3.1.2.1.2    BAHA Implants in Germany
                                              7.3.1.2.2    Hearing Aid Devices Market in Germany
                               7.3.1.3    France
                                              7.3.1.3.1    Hearing Implants Market in France
                                                                7.3.1.3.1.1    Cochlear Implants in France
                                                                7.3.1.3.1.2    BAHA Implants in France
                                              7.3.1.3.2    Hearing Aid Devices Market in France
                               7.3.1.4    Rest-of-Europe
                                              7.3.1.4.1    Hearing Implants Market in Rest-of-Europe
                                                                7.3.1.4.1.1    Cochlear Implants in Rest-of-Europe
                                                                7.3.1.4.1.2    BAHA Implants in Rest-of-Europe
                                              7.3.1.4.2    Hearing Aid Devices Market in Rest-of-Europe
          7.4    Asia-Pacific
                   7.4.1    Asia-Pacific Hearing Aids Market (by Country)
                               7.4.1.1    Australia
                                              7.4.1.1.1    Hearing Implants in Australia
                                                                7.4.1.1.1.1    Cochlear Implants in Australia
                                                                7.4.1.1.1.2    BAHA Implants in Australia
                                              7.4.1.1.2    Hearing Aid Devices in Australia
                               7.4.1.2    Japan
                                              7.4.1.2.1    Hearing Implants in Japan
                                                                7.4.1.2.1.1    Cochlear Implants in Japan
                                                                7.4.1.2.1.2    BAHA Implants in Japan
                                              7.4.1.2.2    Hearing Aid Devices in Japan
                               7.4.1.3    China
                                              7.4.1.3.1    Hearing Implants in China
                                                                7.4.1.3.1.1    Cochlear Implants in China
                                                                7.4.1.3.1.2    BAHA Implants in China
                                              7.4.1.3.2    Hearing Aid Devices in China
                               7.4.1.4    India
                                              7.4.1.4.1    Hearing Implants in India
                                                                7.4.1.4.1.1    Cochlear Implants in India
                                                                7.4.1.4.1.2    BAHA Implants in India
                                              7.4.1.4.2    Hearing Aid Devices in India
                               7.4.1.5    Rest-of-Asia-Pacific
                                              7.4.1.5.1    Hearing Implants in Rest-of-Asia-Pacific
                                                                7.4.1.5.1.1    BAHA Implants in Rest-of-Asia-Pacific
                                                                7.4.1.5.1.2    BAHA Implants in Rest-of-Asia-Pacific
                                              7.4.1.5.2    Hearing Aid Devices in Rest-of-Asia-Pacific
          7.5    Latin America
                   7.5.1    Latin America Hearing Aids Market (by Country)
                               7.5.1.1    Brazil
                                              7.5.1.1.1    Hearing Implants in Brazil
                                                                7.5.1.1.1.1    Cochlear Implants in Brazil
                                                                7.5.1.1.1.2    BAHA Implants in Brazil
                                              7.5.1.1.2    Hearing Aid Devices in Brazil
                               7.5.1.2    Mexico
                                              7.5.1.2.1    Hearing Implants in Mexico
                                                                7.5.1.2.1.1    Cochlear Implants in Mexico
                                                                7.5.1.2.1.2    BAHA Implants in Mexico
                                              7.5.1.2.2    Hearing Aid Devices in Mexico
          7.6    Rest-of-the-World
 
    8    Company Profiles
          8.1    Overview
          8.2    Arphi Electronics Private Limited
                   8.2.1    Company Overview
                   8.2.2    Role of Arphi Electronics Private Limited in the Global Hearing Aids Market
                   8.2.3    SWOT Analysis
          8.3    Audina Hearing Instruments Inc.
                   8.3.1    Company Overview
                   8.3.2    Role of Audina Hearing Instruments Inc. for Global Hearing Aids Market
                   8.3.3    SWOT Analysis
          8.4    Cochlear Limited
                   8.4.1    Company Overview
                   8.4.2    Role of Cochlear Limited in the Global Hearing Aids Market
                   8.4.3    Financials
                   8.4.4    SWOT Analysis
          8.5    GN Store Nord A/S
                   8.5.1    Company Overview
                   8.5.2    Role of GN Store Nord A/S in the Global Hearing Aids Market
                   8.5.3    Financials
                   8.5.4    SWOT Analysis
          8.6    MED-EL
                   8.6.1    Company Overview
                   8.6.2    Role of MED-EL in the Global Hearing Aids Market
                   8.6.3    SWOT Analysis
          8.7    Microson
                   8.7.1    Company Overview
                   8.7.2    Role of Microson in the Global Hearing Aids Market
                   8.7.3    SWOT Analysis
          8.8    NewSound Hearing Aids
                   8.8.1    Company Overview
                   8.8.2    Role of NewSound Hearing Aids in the Global Hearing Aids Market
                   8.8.3    SWOT Analysis
          8.9    Nurotron Biotechnology Co. Ltd.
                   8.9.1    Company Overview
                   8.9.2    Role of Nurotron Biotechnology Co. Ltd. In the Global Hearing Aids Market
                   8.9.3    SWOT Analysis
         8.10   RION Co. Ltd.
                   8.10.1    Company Overview
                   8.10.2    Role of Rion Co. Ltd. in the Global Hearing Aids Market
                   8.10.3    Financials
                   8.10.4    SWOT Analysis
         8.11   Sonova Holding AG
                   8.11.1    Company Overview
                   8.11.2    Role of Sonova Holding AG in the Global Hearing Aids Market
                   8.11.3    Financials
                   8.11.4    SWOT Analysis
         8.12   Starkey Hearing Technologies
                   8.12.1    Company Overview
                   8.12.2    Role of Starkey Hearing Technologies in the Global Hearing Aids Market
                   8.12.3    SWOT Analysis
         8.13   Widex A/S
                   8.13.1    Company Overview
                   8.13.2    Role of Widex A/S in the Global Hearing Aids Market
                   8.13.3    SWOT Analysis
         8.14   William Demant Holding A/S
                   8.14.1    Company Overview
                   8.14.2    Role of William Demant Holding A/S in the Global Hearing Aids Market
                   8.14.3    Financials
                   8.14.4    SWOT Analysis
         8.15   Zounds Hearing Inc.
                   8.15.1    Company Overview
                   8.15.2    Role of Zounds Hearing Inc. in the Global Hearing Aids Market
                   8.15.3    SWOT Analysis
 
    9    Research Scope and Methodology
          9.1    Report Scope
          9.2    Research Methodology
 

List of Tables

Table 1:    Projected Hearing Loss Population Across the World by the WHO
Table 2.1:    Impact Analysis of Market Drivers in Global Hearing Aids Market
Table 2.2:    Impact Analysis of Market Restraints in Global Hearing Aids Market
Table 2.3:    Projected Hearing Loss Population Across the World by the WHO
Table 2.4:    Prevalence of Hearing Loss Across the World
Table 4.1:    Referral Route Followed in European Countries
Table 4.2:    List of Regulatory Bodies
Table 5.1:    Global Hearing Aid Devices Market (by Region), 2018, 2023, and 2028
Table 5.2:    Market Attractiveness of Global Hearing Aid Devices Market (by Product)
Table 5.3:    Global Hearing Implants Market (by Region), 2018, 2023, and 2028
Table 5.4:    Market Attractiveness of Global Hearing Implants Market (by Product)
Table 6.1:    Market Attractiveness of Global Hearing Aids Market by Distribution Channels
Table 7.1:    Global Hearing Implants Market ($Million), 2018-2028
Table 7.2:    North America Hearing Implants Market ($Million), 2018-2028
Table 7.3:    Europe Hearing Implants Market ($Million), 2018-2028
Table 7.4:    Asia-Pacific Hearing Implants Market ($Million), 2018-2028
Table 7.5:    Latin America Hearing Implants Market ($Million), 2018-2028
Table 7.6:    Hearing Implants Market in RoW ($Million), 2018-2028
Table 8.1:    Company Overview- Arphi Electronics Private Limited
Table 8.2:    Company Overview- Audina Hearing Instruments Inc.
Table 8.3:    Company Overview- Cochlear Limited
Table 8.4:    Company Overview- GN Store Nord A/S
Table 8.5:    Company Overview- MED-EL
Table 8.6:    Company Overview- Microson
Table 8.7:    Company Overview- NewSound Hearing Aids
Table 8.8:    Company Overview- Nurotron Biotechnology Co. Ltd.
Table 8.9:    Company Overview- RION Co., Ltd.
Table 8.10:    Company Overview- Sonova Holding AG
Table 8.11:    Company Overview- Starkey Hearing Technologies
Table 8.12:    Company Overview- Widex A/S
Table 8.13:    Company Overview- William Demant Holding A/S
Table 8.14:    Company Overview- Zounds Hearing Inc.

List of Figures

Figure 1:    Global Hearing Aid Devices, 2018-2028
Figure 2:    Global Hearing Aids Market (by Distribution Channel), Market Share 2018
Figure 3:    Global Hearing Aids Market (by Region), 2018-2028
Figure.4:    Global Hearing Aids Market: Competitive Landscape
Figure 5:    Share of Key Developments and Strategies in the Global Hearing Aids Market
Figure 6:    Market Share Analysis (by Companies) for the Global Hearing Implants Market, 2018
Figure 7:    Market Share Analysis (by Companies) for the Global Hearing Aid Devices Market, 2018
Figure 8:    Market Statistics
Figure 1.1:    Evolution of Hearing Aid Devices
Figure 1.2:    Classification of Hearing Aids Market
Figure 1.3:    Classification of Hearing Aids (by Product)
Figure 3.1:    Competitive Landscape
Figure 3.2:    Share of Key Developments and Strategies
Figure 3.3:    Product Launch and Enhancements Share (by Companies)
Figure 3.4:    Collaborations, Partnership, Joint Ventures, and Agreements Share (by Companies)
Figure 3.5:    Mergers and Acquisitions Share (by Companies)
Figure 3.6:    Market Share Analysis (by Companies) for the Global Hearing Implants Market, 2018
Figure 3.7:    Market Share Analysis (by Companies) for the Global Hearing Aid Devices Market, 2018
Figure 3.8:    Industry Attractiveness (Porter’s Five Forces Analysis)
Figure 3.9:    Bargaining Power of Suppliers: Overall Impact
Figure 3.10:    Bargaining Power of Buyers: Overall Impact
Figure 3.11:    Threat of New Entrants: Overall Impact
Figure 3.12:    Threat of Substitute Products: Overall Impact
Figure 3.13:    Intensity of Competitive Rivalry: Overall Impact
Figure 5.1:    Global Hearing Aids Market, by Product, Market Share, 2018
Figure 5.2:    Global Hearing Aids Market (by Product), 2018, 2023, and 2028
Figure 5.3:    Global Hearing Aid Devices Market, 2018-2028
Figure 5.4:    BTE in the Global Hearing Aid Devices Market, 2018-2028
Figure 5.5:    ITE in the Global Hearing Aid Devices Market, 2018-2028
Figure 5.6:    ITC and CIC in the Global Hearing Aid Devices Market, 2018-2028
Figure 5.7:    Global Hearing Implants Market, 2018-2028
Figure 5.8:    Cochlear Implants in the Global Hearing Aids Market, 2018-2028
Figure 5.9:    BAHA Implants in the Global Hearing Aids Market, 2018-2028
Figure 6.1:    Types of Distribution Channels in the Global Hearing Aids Market
Figure 6.2:    Global Hearing Aids Market (by Distribution Channel), Market Share, 2018
Figure 6.3:    Audiology and ENT Clinics in the Global Hearing Aids Market, 2018-2028
Figure 6.4:    Hospitals in the Global Hearing Aids Market, 2018-2028
Figure 6.5:    Pharmacies in the Global Hearing Aids Market, 2018-2028
Figure 7.1:    Global Hearing Aids Market (by Region), Market Share, 2018
Figure 7.2:    Global Hearing Implants Market (by Region), Market Share, 2018
Figure 7.3:    Global Hearing Aid Devices Market (by Region), Market Share, 2018
Figure 7.4:    North America: Hearing Aids Market, 2018-2028
Figure 7.5:    North America- Market Dynamics
Figure 7.6:    North America: Hearing Implants Market, 2018-2028
Figure 7.7:    The U.S.: Hearing Aids Market, 2018-2028
Figure 7.8:    The U.S.: Hearing Implants Market, 2018-2028
Figure 7.9:    The U.S.: Cochlear Implants Market, 2018-2028
Figure 7.10:    The U.S.: BAHA Implants Market, 2018-2028
Figure 7.11:    The U.S.: Hearing Aid Devices Market, 2018-2028
Figure 7.12:    Canada: Hearing Aids Market, 2018-2028
Figure 7.13:    Canada: Hearing Implants Market, 2018-2028
Figure 7.14:    Canada: Cochlear Implants Market, 2018-2028
Figure 7.15:    Canada: BAHA Implants Market, 2018-2028
Figure 7.16:    Canada: Hearing Aid Devices Market, 2018-2028
Figure 7.17:    Europe: Hearing Aids Market, 2018-2028
Figure 7.18:    Europe- Market Dynamics
Figure 7.19:    Europe: Hearing Implants Market, 2018, 2023, and 2028
Figure 7.20:    The U.K.: Hearing Aids Market, 2018-2028
Figure 7.21:    The U.K.: Hearing Implants Market, 2019-2028
Figure 7.22:    The U.K.: Cochlear Implants Market, 2018-2028
Figure 7.23:    The U.K.: BAHA Implants Market, 2018-2028
Figure 7.24:    The U.K.: Hearing Aid Devices Market, 2018-2028
Figure 7.25:    Germany: Hearing Aids Market, 2018-2028
Figure 7.26:    Germany: Hearing Implants Market, 2018-2028
Figure 7.27:    Germany: Cochlear Implants Market, 2018-2028
Figure 7.28:    Germany: BAHA Implants Market, 2018-2028
Figure 7.29:    Germany: Hearing Aid Devices Market, 2018-2028
Figure 7.30:    France: Hearing Aids Market, 2018-2028
Figure 7.31:    France: Hearing Implants Market, 2018-2028
Figure 7.32:    France: Cochlear Implants Market, 2018-2028
Figure 7.33:    France: BAHA Implants Market, 2018-2028
Figure 7.34:    France: Hearing Aid Devices Market, 2018-2028
Figure 7.35:    Rest-of-Europe: Hearing Aids Market, 2018-2028
Figure 7.36:    Rest-of-Europe: Hearing Implants Market, 2018-2028
Figure 7.37:    Rest-of-Europe: Cochlear Implants Market, 2018-2028
Figure 7.38:    Rest-of-Europe: BAHA Implants Market, 2018-2028
Figure 7.39:    Rest-of-Europe: Hearing Aid Devices Market, 2018-2028
Figure 7.40:    Asia-Pacific: Hearing Aids Market, 2018-2028
Figure 7.41:    Asia-Pacific- Market Dynamics
Figure 7.42:    Asia-Pacific: Hearing Implants Market, 2018-2028
Figure 7.43:    Australia: Hearing Aids Market, 2018-2028
Figure 7.44:    Australia: Hearing Implants Market, 2018-2028
Figure 7.45:    Australia: Cochlear Implants Market, 2018-2028
Figure 7.46:    Australia: BAHA Implants Market, 2018-2028
Figure 7.47:    Australia: Hearing Aid Devices Market, 2018-2028
Figure 7.48:    Japan: Hearing Aids Market, 2018-2028
Figure 7.49:    Japan: Hearing Implants Market, 2018-2028
Figure 7.50:    Japan: Cochlear Implants Market, 2018-2028
Figure 7.51:    Japan: BAHA Implants Market, 2018-2028
Figure 7.52:    Japan: Hearing Aid Devices Market, 2018-2028
Figure 7.53:    China: Hearing Aids Market, 2018-2028
Figure 7.54:    China: Hearing Implants Market, 2018-2028
Figure 7.55:    China: Cochlear Implants Market, 2018-2028
Figure 7.56:    China: BAHA Implants Market, 2018-2028
Figure 7.57:    China: Hearing Aid Devices Market, 2018-2028
Figure 7.58:    India: Hearing Aids Market, 2018-2028
Figure 7.59:    India: Hearing Implants Market, 2018-2028
Figure 7.60:    India: Cochlear Implants Market, 2018-2028
Figure 7.61:    India: BAHA Implants Market, 2018-2028
Figure 7.62:    India: Hearing Aid Devices Market, 2018-2028
Figure 7.63:    Rest-of-Asia-Pacific: Hearing Aids Market, 2018-2028
Figure 7.64:    Rest-of-Asia-Pacific: Hearing Implants Market, 2018-2028
Figure 7.65:    Rest-of-Asia-Pacific: Cochlear Implants Market, 2018-2028
Figure 7.66:    Rest-of-Asia-Pacific: BAHA Implants Market, 2018-2028
Figure 7.67:    Rest-of-Asia-Pacific: Hearing Aid Devices Market, 2018-2028
Figure 7.68:    Latin America: Hearing Aids Market, 2018-2028
Figure 7.69:    Latin America- Market Dynamics
Figure 7.70:    Latin America: Hearing Implants Market, 2018-2028
Figure 7.71:    Brazil: Hearing Aids Market, 2018-2028
Figure 7.72:    Brazil: Hearing Implants Market, 2018-2028
Figure 7.73:    Brazil: Cochlear Implants Market, 2018-2028
Figure 7.74:    Brazil: BAHA Implants Market, 2018-2028
Figure 7.75:    Brazil: Hearing Aid Devices Market, 2018-2028
Figure 7.76:    Mexico: Hearing Aids Market, 2018-2028
Figure 7.77:    Mexico: Hearing Implants Market, 2018-2028
Figure 7.78:    Mexico: Cochlear Implants Market, 2018-2028
Figure 7.79:    Mexico: BAHA Implants Market, 2018-2028
Figure 7.80:    Mexico: Hearing Aid Devices Market, 2018-2028
Figure 7.81:    RoW: Hearing Aids Market, 2018-2028
Figure 7.82:    RoW- Market Dynamics
Figure 7.83:    RoW: Hearing Implants Market, 2018-2028
Figure 8.1:    Number of Companies Profiled: Global Hearing Aids Market, 2018
Figure 8.2:    Arphi Electronics Private Limited, Global Presence
Figure 8.3:    Arphi Electronics Private Limited: SWOT Analysis
Figure 8.4:    Audina Hearing Instruments Inc.: Product Portfolio
Figure 8.5:    Audina Hearing Instruments Inc., Global Presence
Figure 8.6:    Audina Hearing Instruments Inc.: SWOT Analysis
Figure 8.7:    Cochlear Limited: Product Portfolio
Figure 8.8:    Cochlear Limited, Overall Financials, 2016-2018
Figure 8.9:    Cochlear Limited, Total Sales Revenue (by Segment), 2016-2018
Figure 8.10:    Cochlear Limited, Cochlear Implants, Unit Sales, 2010-2018
Figure 8.11:    Cochlear Limited, Total Sales Revenue, 2013-2018
Figure 8.12:    Cochlear Limited, Global Presence
Figure 8.13:    Cochlear Limited: SWOT Analysis
Figure 8.14:    GN Store Nord A/S: Product Portfolio
Figure 8.15:    GN Store Nord, Total Sales Revenue, 2014-2018
Figure 8.16:    GN Hearing, Total Sales Revenue, 2016-2018
Figure 8.17:    GN Store Nord A/S, Global Presence
Figure 8.18:    GN Store Nord A/S: SWOT Analysis
Figure 8.19:    MED-EL: Product Portfolio
Figure 8.20:    MED-EL, Global Presence
Figure 8.21:    MED-EL: SWOT Analysis
Figure 8.22:    Microson: Product Portfolio
Figure 8.23:    Microson, Global Presence
Figure 8.24:    Microson: SWOT Analysis
Figure 8.25:    NewSound Hearing Aids: Product Portfolio
Figure 8.26:    NewSound Hearing Aids, Global Presence
Figure 8.27:    NewSound Hearing Aids: SWOT Analysis
Figure 8.28:    NewSound Hearing Aids, Global Presence
Figure 8.29:    Nurotron Biotechnology Co. Ltd.: SWOT Analysis
Figure 8.30:    RION Co Ltd.: Product Portfolio
Figure 8.31:    RION Co., Ltd., Total Sales Revenue, 2015-2018
Figure 8.32:    RION Co. Ltd., Global Presence
Figure 8.33:    RION Co. Ltd.: SWOT Analysis
Figure 8.34:    Sonova Holding AG: Product Portfolio
Figure 8.35:    Sonova Holding AG, Total Sales Revenue, 2017-2018
Figure 8.36:    Sonova Holding AG, Global Presence
Figure 8.37:    Sonova Holding AG: SWOT Analysis
Figure 8.38:    Starkey Hearing Technologies: Product Portfolio
Figure 8.39:    Starkey Hearing Technologies, Global Presence
Figure 8.40:    Starkey Hearing Technologies: SWOT Analysis
Figure 8.41:    Widex A/S: Product Portfolio
Figure 8.42:    Widex A/S, Global Presence
Figure 8.43:    Widex A/S: SWOT Analysis
Figure 8.44:    William Demant Holding A/S: Product Portfolio
Figure 8.45:    William Demant Holding A/S, Global Presence
Figure 8.46:    William Demant Holding A/S, Total Sales Revenue, 2014-2018
Figure 8.47:    William Demant Holding A/S, Regional Revenue, 2018
Figure 8.48:    William Demant Holding A/S: SWOT Analysis
Figure 8.49:    Zounds Hearing Inc.: SWOT Analysis
Figure 9.1:    Global Hearing Aids: Market Segmentation
Figure 9.2:    Global Hearing Aids Market (by Product)
Figure 9.3:    Hearing Aids Market Research Methodology
Figure 9.4:    Primary Research
Figure 9.5:    Secondary Research
Figure 9.6:    Data Triangulation
Figure 9.7:    Top-Down Approach (Segment-wise Analysis)
Figure 9.8:    Bottom-Up Approach (Segment-wise Analysis)
Figure 9.9:    Assumptions and Limitations
Figure 9.10:    Factors Considered for Data Prediction and Modeling

Hearing loss is one of the common medical problems encountered worldwide. However, it has been reported that a high percentage of affected individuals does not use hearing aids. The World Health Organization has estimated that the number of individuals suffering from hearing loss is expected to rise to 900 million by 2050. The increasing aging population is one of the leading factors for the market growth. Middle East and Africa have reported high projection for the hearing loss by 2050 which has been estimated to rise by 3.2% growth rate. The prevalence of hearing loss has been recorded as 8.36% in the Central/East Europe and Central Asia, which is the highest amongst the other regions included in the study. 2018. The prevalence is expected to rise in the coming years fuelling the market demand for hearing aid devices, including devices and implants both. The hearing loss can be prevented with public health measures. In children under 15 years of age, 60% of hearing loss is attributable to preventable causes. This figure is higher in low- and middle-income countries (75%) as compared to high-income countries (49%). The manufacturers are concentrated toward the introduction of breakthrough technology for the hearing aid devices in the recent years. Currently, the market is experiencing increased product launches across the world along with business expansion. Artificial intelligence is the latest innovation introduced in the global hearing aids market, focusing mainly on hearing aid devices.

Hearing loss is also known as hearing impairment which is defined as the partial or total inability to hear in a person. This medical condition can occur in one or both ears. Hearing loss can be temporary or permanent, depending on the causative agent of the medical complication. There are different factors such as genetics, aging, exposure to high decibel (dB) of sound, chronic infections, birth complications, trauma, toxins or occupational hazards. Significant number of companies and research institutes from across the globe are working actively to develop various hearing aids with the aim to eliminate the complications associated with the surgical procedures and increase the awareness about the use of hearing aids. Currently, there are two major types of hearing aids available in the market including hearing aid devices and hearing implants, these product types are further sub-segmented based on the type of hearing loss and placement of the hearing aids.

The purpose of the study is to gain a holistic view of the global hearing aids market in terms of various factors influencing it such as recent trends and technological advancements of the market. The scope of this report is centered upon conducting a detailed study of the hearing aid products which have the potential to help the patients with hearing loss and other hearing disabilities. The global hearing aids market is segmented into three types- product type, distribution channel, and region. The global market value was estimated using these three different approaches and was validated with one another. These segments are further segmented into several sub-segments to ease the market estimation.

The global hearing aids market was estimated at $8.37 billion in 2018 and is anticipated to reach $16.34 billion by 2028. Among the different hearing aids available in the market, hearing aid devices contributed to the highest market share of the global hearing aids market in 2018. However, hearing implants market is expected to witness the highest CAGR during the forecast period between 2019 and 2028. The product launches by the key players in the pipeline have attributed to the highest CAGR of the hearing implants market.

Based on distribution channel, pharmacies occupied higher market share as compared to hospitals, audiology, and ENT clinics. Pharmacies projected a high CAGR for the forecast period 2019 and 2028, due to the introduction of over-the-counter products and increased awareness about the use of hearing aid devices.

The global hearing aids market is segmented by the geographical regions into North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World (RoW). The RoW region comprises Middle East and Africa. North America is the leading contributor to the global hearing aids market with a contribution of about 36.09% of the total market share in 2018. The North America market is also expected to grow at a CAGR of 8.96% in the forecast period 2019-2028. The global hearing aids market is majorly dominated by the U.S. and the European players. However, several emerging countries of Asia-Pacific and Latin America displayed high potential to witness robust growth rate during the period. The Australia-based company, Cochlear Limited offering cochlear implants or artificial ear contributed more than 50% of the market value in 2018 to the global hearing implants market.

The key players who have significant contributions to the global hearing aids market are Cochlear Limited, GN Store Nord A/S, MED-EL, Sonova Holding AG, Starkey Hearing Technologies, Widex A/S, William Demant Holding A/S, Microson, and RION Co. Ltd., among others.

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