[186 Pages Report] The hearing aids market is expected to reach USD 9.78 Billion by 2022 from USD 6.56 Billion in 2016, at a CAGR of 7.0% from 2017 to 2022.

The objectives of this study are as follows:

To define, describe, and forecast the global market on the basis of product, type of hearing loss, patient type, and region

To provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market

To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia, and the Rest of the World (RoW)

To profile key players and comprehensively analyze their product portfolios, market positions, and core competencies

To track and analyze competitive developments such as acquisitions, new product launches, expansions, regulatory approvals, and agreements in the market

Research Methodology

The study estimates the hearing aids market size for 2017 and projects its demand till 2022. This research study involved the extensive use of secondary sources; directories; databases such as Hoovers, Bloomberg Business, Factiva, and OneSource; white papers; annual reports; company house documents; and SEC filings of companies. Secondary research was mainly used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the global market. It was also used to obtain key information about the market classification and segmentation according to the industry trends, regional markets, and developments related to market and technology perspectives. In the primary research process, various sources from both the demand and supply side were interviewed to obtain qualitative and quantitative information for the report. Primary sources from the demand side include various industry CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from the various players in the hearing aids market. For the market estimation process, both top-down and bottom-up approaches were used to estimate and validate the market size of the global market as well as to estimate the size of various other dependent submarkets. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

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The hearing aids market is dominated by big players such as Sonova (Switzerland), William Demant (Denmark), and GN Store Nord (Denmark) with the presence of several small players as well. Some of the players operating in this market include Cochlear (Australia), Starkey (US), Widex (Denmark), MED-EL (Austria), SeboTek Hearing Systems (US), Audina Hearing Instruments (US), RION (Japan), Horentek (Italy), Microson (Spain), and Arphi Electronics (India).

Target Audience for this Report:

Hearing aid manufacturers

Healthcare institutions (hospitals and clinics)

Hearing aid service providers

Research institutions

Research and consulting firms

Audiology centers

Scope of the Report

This report categorizes the global market into the following segments and subsegments:

Hearing Aids Market, by Product

Hearing Aid Devices

Receiver-In-The-Ear (RITE) Hearing Aids

Behind-The-Ear (BTE) Hearing Aids

Canal Hearing Aids

In-The-Ear (ITE) Hearing Aids

Other Hearing Aid Devices

Hearing Implants

Cochlear Implants

Bone-anchored Systems

Hearing Aids Market, by Type of Hearing Loss

Sensorineural Hearing Loss

Conductive Hearing Loss

Hearing Aids Market, by Patient Type

Adults

Pediatrics

Hearing Aids Market, by Region

North America US Canada

Europe Germany France UK Italy Spain ROE

Asia Japan China India Rest of Asia

Rest of the World (RoW) Australia Other Rest of the World



Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs.

The following customization options are available for this report.

Product Analysis

Product matrix which gives a detailed comparison of the product portfolio of each company

Company Information

Detailed analysis and profiling of additional market players (up to 5)

The global hearing aids market is projected to reach USD 9.78 Billion by 2022 from USD 6.97 Billion in 2017, at a CAGR of 7.0%. Factors such as high prevalence of hearing loss, rising geriatric population, and technological advancements in hearing aids are driving the global market.

This report segments the hearing aids market by product, type of hearing loss, patient type, and region. Based on product, the market is segmented into hearing aid devices and hearing implants. The hearing aid devices segment is expected to account for the largest share of the global market in 2017.

Based on the patient type, the market is segmented into adult patients and pediatric patients. The adult patients segment is expected to register the highest CAGR during the forecast period. The high prevalence of hearing loss in the adult population with growing age is driving the growth of this segment.

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In 2017, Europe is expected to dominate the market, followed by North America. The high growth of the hearing aids market is attributed to growing aging population and high prevalence of hearing loss in the region.

While Europe is expected to dominate the market in 2017, Asia is expected to register the highest CAGR during the forecast period. The high growth in this market is attributed to the high prevalence of hearing loss, availability of technologically advanced hearing aids, growth in the aging population, and increasing initiatives by companies to expand in these emerging economies. While the hearing aids market presents significant growth opportunities, market growth may be hindered due to the high cost of hearing aids and the low penetration of these devices.

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