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Hearing Care Devices Market by Product (Hearing Aids and Hearing Implants), Type of Hearing Loss (Sensorineural and Conductive), and End User (Hospitals & Clinics, Home Settings, and Ambulatory Surgical Centers (ASCs)) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Pages: 150
Apr 2017 | 1652 Views
 
Author's : Deepa Tatkare
Tables: 63
Charts: 88
 

Hearing Care Devices Market Overview:

Global Hearing Care Devices Market was valued at $6,423 million in 2016, and is estimated to reach at $9,729 million by 2023, growing at a CAGR of 6.1% from 2016 to 2023. Hearing care devices are used to improve or restore hearing in individuals suffering from temporary or permanent hearing loss. Growth in geriatric population susceptible to hearing disorders, rise in prevalence of hearing loss, and increase in binaural fitting rate are expected to drive the growth of the global hearing care devices market. Moreover, rise in adoption of technically advanced hearing care devices, such as cochlear implants supplement the market growth. However, high cost of the devices and increase in drop-out rates of the patients from the treatment of hearing loss are expected to hamper the market growth.

Rise in Incidence of Hearing Disorders and Increase in Ageing Population

According to the estimates of National Institute on Deafness and Other Communication Disorders (NIDCD), about 2 to 3 out of every 1,000 children in the U.S. are born with a detectable level of hearing loss. In addition, according to the 2016 estimates of Population Reference Bureau, the number of Americans in the age group of 65 years and above is anticipated to increase from 46 million in 2017 to over 98 million by 2060. Thus, increase in incidence of hearing loss and rise in pool of geriatric population contributes to the market growth.

Technological Advancements in Hearing Care Devices

Hearing care devices have witnessed several technological advancements in the recent years. The cochlear implants available in the present scenario have speech recognition in difficult listening situations, which differentiate speech in noisy and reverberant situation, understand sound from television or telephone, and identify a specific sound from distance. In addition, hearing aids feature acoustic scene classifiers, which classify and identify any sound on the basis of background noise, speech in quiet or in noise, music, wind, and number of other parameters.

South Africa Hearing Care Devices Market, 2016-2023 ($Million)

South Africa Hearing Care Devices Market, 2016-2023

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Hearing care devices restore hearing function in patients suffering from hearing loss. Some of these devices (mainly implants) are expected to restore hearing function in profoundly deaf individuals. There are two types of hearing care devices, namely, hearing aids and hearing implants.

Hearing Care Devices Market Segmentation

Hearing Care Devices Market Segmentation

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The key companies operating in the hearing care devices market are American Hearing Aids, Amplifon, Cochlear Ltd., GN Store Nord A/S, IntriCon Corporation, MED-EL, Sivantos Pte. Ltd., Sonova, Starkey, and William Demant Holding A/S.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis of the global hearing care devices market, with current trends and future estimations to elucidate the imminent investment pockets.
  • Quantitative analysis from 2017 to 2023 is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
  • Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
  • Extensive analysis is conducted by following key product positioning and monitoring the top contenders within the market framework.

Hearing Care Devices Market Key Segments:

By Product

  • Hearing Aids
    • By Type
      • Behind-the-Ear (BTE) Aids
      • In-the-Ear Aids
      • Receiver-in-the-Ear (RITE)
      • Canal Hearing Aids
    • By Technology
      • Analog Hearing Aids
      • Digital Hearing Aids
  • Hearing Implants
    • Cochlear Implants
    • Bone-Anchored Hearing Systems (BAHS)
    • Auditory Brainstem Implants
    • Middle Ear Implants

By Type of Hearing Loss

  • Sensorineural Hearing Loss
  • Conductive Hearing Loss

By End User

  • Hospitals & Clinics
  • Home Settings
  • Ambulatory Surgical Centers (ASCs)

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.2.2.1. Competitive intelligence of companies and their strategies

3.3. MARKET SHARE ANALYSIS, 2016
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Growing incidence of hearing disorders
3.4.1.2. Technological advancements
3.4.1.3. Growing geriatric population
3.4.1.4. Increasing binaural fitting rate

3.4.2. Restraints

3.4.2.1. High cost of devices
3.4.2.2. Increasing drop-out rates

3.4.3. Opportunities

3.4.3.1. Lucrative opportunities in the emerging economies
3.4.3.2. Increasing penetration rate

3.4.4. Impact analysis

3.5. CLINICAL TRIALS

Chapter: 4 GLOBAL HEARING CARE DEVICES MARKET, BY PRODUCT

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. HEARING AIDS

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.2.4. By type

4.2.4.1. Behind-the-ear (BTE) aids

4.2.4.1.1. Market size and forecast

4.2.4.2. In-the-ear aids

4.2.4.2.1. Market size and forecast

4.2.4.3. Receiver-in-the-ear (RITE)

4.2.4.3.1. Market size and forecast

4.2.4.4. Canal hearing aids

4.2.4.4.1. Market size and forecast

4.2.5. By technology

4.2.5.1. Analog hearing aids

4.2.5.1.1. Market size and forecast

4.2.5.2. Digital hearing aids

4.2.5.2.1. Market size and forecast

4.3. HEARING IMPLANTS

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market trends and forecast
4.3.4. Cochlear implants

4.3.4.1. Market size and forecast

4.3.5. Bone-anchored hearing systems (BAHS)

4.3.5.1. Market size and forecast

4.3.6. Auditory brainstem implants

4.3.6.1. Market size and forecast

4.3.7. Middle ear implants

4.3.7.1. Market size and forecast

Chapter: 5 GLOBAL HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. CONDUCTIVE HEARING LOSS

5.2.1. Market size and forecast

5.3. SENSORINEURAL HEARING LOSS

5.3.1. Market size and forecast

Chapter: 6 GLOBAL HEARING CARE DEVICES MARKET, BY END USER

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. HOSPITALS & CLINICS

6.2.1. Market size and forecast

6.3. HOME-USE

6.3.1. Market size and forecast

6.4. AMBULATORY SURGICAL CENTERS (ASCS)

6.4.1. Market size and forecast

Chapter: 7 GLOBAL HEARING CARE DEVICES MARKET, BY REGION

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. Canada
7.2.5. Mexico

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. Germany
7.3.5. France
7.3.6. UK
7.3.7. Italy
7.3.8. Spain
7.3.9. Rest of Europe

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. Japan
7.4.5. China
7.4.6. India
7.4.7. South Korea
7.4.8. Australia
7.4.9. Rest of Asia-Pacific

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Brazil
7.5.5. South Africa
7.5.6. Saudi Arabia
7.5.7. Rest of LAMEA

Chapter: 8 COMPANY PROFILES

8.1. AMERICAN HEARING AIDS

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.1.6. Strategy share (%)

8.2. AMPLIFON

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.2.6. Strategy share (%)

8.3. COCHLEAR LTD.

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments
8.3.6. Strategy share (%)

8.4. GN STORE NORD A/S

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments
8.4.6. Strategy share (%)

8.5. INTRICON CORPORATION

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments
8.5.6. Strategy share (%)

8.6. MED-EL

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves and developments
8.6.6. Strategy share (%)

8.7. SIVANTOS PTE. LTD.

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments
8.7.6. Strategy share (%)

8.8. SONOVA

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments
8.8.6. Strategy share (%)

8.9. STARKEY

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.9.5. Key strategic moves and developments
8.9.6. Strategy share (%)

8.10. WIDEX USA, INC.

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments
8.10.6. Strategy share (%)

8.11. WILLIAM DEMANT HOLDING A/S

8.11.1. Company overview
8.11.2. Company snapshot
8.11.3. Operating business segments
8.11.4. Business performance
8.11.5. Key strategic moves and developments
8.11.6. Strategy share (%)

LIST OF TABLES

TABLE 1. GLOBAL HEARING CARE DEVICES MARKET, BY TYPE ($MILLION), 2016-2023
TABLE 2. GLOBAL DEVICES MARKET, BY END USER ($MILLION), 2016-2023
TABLE 3. HOSPITALS & CLINICS DEVICES MARKET, BY REGION ($MILLION), 2016-2023
TABLE 4. HOME-USE DEVICES MARKET, BY REGION ($MILLION), 2016-2023
TABLE 5. AMBULATORY SURGICAL CENTERS (ASCS) DEVICES MARKET, BY REGION ($MILLION), 2016-2023
TABLE 6. GLOBAL DEVICES MARKET, BY REGION ($MILLION), 2016-2023
TABLE 7. NORTH AMERICA HEARING CARE DEVICES MARKET, BY COUNTRY ($MILLION), 2016-2023
TABLE 8. GLOBAL HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 9. GLOBAL HEARING AIDS MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 10. GLOBAL HEARING AIDS MARKET, BY TECHNOLOGY, 2014-2022 ($MILLION)
TABLE 11. GLOBAL HEARING IMPLANTS MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 12. GLOBAL HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 (THOUSAND UNITS)
TABLE 13. GLOBAL HEARING AIDS MARKET, BY TYPE, 2014-2022 (THOUSAND UNITS)
TABLE 14. GLOBAL HEARING IMPLANTS MARKET, BY TYPE, 2014-2022 (THOUSAND UNITS)
TABLE 15. GLOBAL HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 16. NORTH AMERICA HEARING CARE DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 17. EUROPE HEARING CARE DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 18. ASIA-PACIFIC HEARING CARE DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 19. LAMEA HEARING CARE DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 20. GLOBAL HEARING AIDS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 21. GLOBAL HEARING IMPLANTS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 22. NORTH AMERICA HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 23. EUROPE HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 24. ASIA-PACIFIC HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 25. LAMEA HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 26. GLOBAL HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
TABLE 27. NORTH AMERICA HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
TABLE 28. EUROPE HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
TABLE 29. ASIA-PACIFIC HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
TABLE 30. LAMEA HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
TABLE 31. HOSPITALS & CLINICS HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 32. ASCS HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 33. HOME-USE HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 34. GLOBAL HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
TABLE 35. GLOBAL HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 36. NORTH AMERICA HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
TABLE 37. EUROPE HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
TABLE 38. ASIA-PACIFIC HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
TABLE 39. LAMEA HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
TABLE 40. GLOBAL SENSORINEURAL HEARING LOSS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 41. GLOBAL CONDUCTIVE HEARING LOSS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 42. AMERICAN HEARING AIDS: COMPANY SNAPSHOT
TABLE 43. AMERICAN HEARING AIDS: OPERATING SEGMENTS
TABLE 44. AMPLIFON: COMPANY SNAPSHOT
TABLE 45. AMPLIFON: OPERATING SEGMENTS
TABLE 46. COCHLEAR: COMPANY SNAPSHOT
TABLE 47. COCHLEAR: OPERATING SEGMENTS
TABLE 48. GN: COMPANY SNAPSHOT
TABLE 49. GN: OPERATING SEGMENTS
TABLE 50. INTRICON: COMPANY SNAPSHOT
TABLE 51. INTRICON: OPERATING SEGMENTS
TABLE 52. MED-EL: COMPANY SNAPSHOT
TABLE 53. MED-EL: OPERATING SEGMENTS
TABLE 54. SIVANTOS: COMPANY SNAPSHOT
TABLE 55. SIVANTOS: OPERATING SEGMENTS
TABLE 56. SONOVA: COMPANY SNAPSHOT
TABLE 57. SONOVA: OPERATING SEGMENTS
TABLE 58. STARKEY: COMPANY SNAPSHOT
TABLE 59. STARKEY: OPERATING SEGMENTS
TABLE 60. WIDEX: COMPANY SNAPSHOT
TABLE 61. WIDEX: OPERATING SEGMENTS
TABLE 62. WILLIAM DEMANT: COMPANY SNAPSHOT
TABLE 63. WILLIAM DEMANT: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. HEARING CARE DEVICES MARKET SEGMENTATION
FIGURE 2. TOP INVESTMENT POCKETS
FIGURE 3. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION, (2014-2016)
FIGURE 4. TOP WINNING STRATEGIES: NATURE AND TYPE
FIGURE 5. TOP COMPANIES AND THEIR STRATEGIES
FIGURE 6. DETAILED STRUCTURE OF COMPANIES AND NATURE OF STRATEGIES
FIGURE 7. DETAILED STRUCTURE OF COMPANIES AND TYPE OF STRATEGIES
FIGURE 8. MARKET SHARE ANALYSIS, HEARING CARE DEVICES MARKET, 2016
FIGURE 9. DISTRIBUTION OF DISABLING HEARING LOSS PATIENTS (%), 2012
FIGURE 10. INCREASING GROWTH IN THE 65+ POPULATION
FIGURE 11. SHARE OF HEARING AID USERS WEARING TWO HEARING INSTRUMENTS
FIGURE 12. DROP-OUT RATES OF PATIENTS IN GERMANY
FIGURE 13. HEARING AID PENETRATION BY SELECTED COUNTRIES
FIGURE 14. IMPACT ANALYSIS: HEARING CARE DEVICES MARKET
FIGURE 15. GEOGRAPHICAL DISTRIBUTION OF CLINICAL TRIALS FOR HEARING IMPLANTS (%)
FIGURE 16. GEOGRAPHICAL DISTRIBUTION OF CLINICAL TRIALS FOR HEARING AIDS (%)
FIGURE 17. GLOBAL HEARING CARE DEVICES MARKET, BY TYPE ($MILLION), 2016-2023
FIGURE 18. GLOBAL DEVICES MARKET, BY END USER ($MILLION), 2016-2023
FIGURE 19. HOSPITALS & CLINICS DEVICES MARKET, BY REGION ($MILLION), 2016-2023
FIGURE 20. HOME-USE HEARING CARE DEVICES MARKET, BY REGION ($MILLION), 2016-2023
FIGURE 21. AMBULATORY SURGICAL CENTERS (ASCS) HEARING CARE DEVICES MARKET, BY REGION ($MILLION), 2016-2023
FIGURE 22. GLOBAL HEARING CARE DEVICES MARKET, BY REGION ($MILLION), 2016-2023
FIGURE 23. NORTH AMERICA HEARING CARE DEVICES MARKET, BY COUNTRY ($MILLION), 2016-2023
FIGURE 24. U.S.
FIGURE 25. U.S. HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 26. CANADA HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 27. MEXICO HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 28. GERMANY HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 29. FRANCE HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 30. UK HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 31. ITALY HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 32. SPAIN HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 33. REST OF EUROPE HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 34. JAPAN HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 35. CHINA HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 36. INDIA HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 37. SOUTH KOREA HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 38. AUSTRALIA HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 39. REST OF ASIA-PACIFIC HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 40. BRAZIL HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 41. SOUTH AFRICA HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 42. SAUDI ARABIA HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 43. REST OF LAMEA HEARING CARE DEVICES MARKET ($MILLION), 2014-2022
FIGURE 44. GLOBAL HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
FIGURE 45. GLOBAL HEARING AIDS MARKET, BY TYPE, 2014-2022 ($MILLION)
FIGURE 46. GLOBAL HEARING AIDS MARKET, BY TECHNOLOGY, 2014-2022 ($MILLION)
FIGURE 47. GLOBAL HEARING IMPLANTS MARKET, BY TYPE, 2014-2022 ($MILLION)
FIGURE 48. GLOBAL HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 (THOUSAND UNITS)
FIGURE 49. GLOBAL HEARING AIDS MARKET, BY TYPE, 2014-2022 (THOUSAND UNITS)
FIGURE 50. GLOBAL HEARING IMPLANTS MARKET, BY TYPE, 2014-2022 (THOUSAND UNITS)
FIGURE 51. GLOBAL HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 52. NORTH AMERICA HEARING CARE DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 53. EUROPE HEARING CARE DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 54. ASIA-PACIFIC HEARING CARE DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 55. LAMEA HEARING CARE DEVICES MARKET, BY COUNTRY, 2014-2022 ($MILLION)
FIGURE 56. GLOBAL HEARING AIDS MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 57. GLOBAL HEARING IMPLANTS MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 58. NORTH AMERICA HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
FIGURE 59. EUROPE HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
FIGURE 60. ASIA-PACIFIC HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
FIGURE 61. LAMEA HEARING CARE DEVICES MARKET, BY TYPE, 2014-2022 ($MILLION)
FIGURE 62. GLOBAL HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
FIGURE 63. NORTH AMERICA HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
FIGURE 64. EUROPE HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
FIGURE 65. ASIA-PACIFIC HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
FIGURE 66. LAMEA HEARING CARE DEVICES MARKET, BY END USER, 2014-2022 ($MILLION)
FIGURE 67. HOSPITALS & CLINICS HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 68. ASCS HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 69. HOME-USE HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 70. GLOBAL HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
FIGURE 71. GLOBAL HEARING CARE DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 72. NORTH AMERICA HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
FIGURE 73. EUROPE HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
FIGURE 74. ASIA-PACIFIC HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
FIGURE 75. LAMEA HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS, 2014-2022 ($MILLION)
FIGURE 76. GLOBAL SENSORINEURAL HEARING LOSS MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 77. GLOBAL CONDUCTIVE HEARING LOSS MARKET, BY REGION, 2014-2022 ($MILLION)
FIGURE 78. AMERICAN HEARING AIDS: FINANCIALS
FIGURE 79. AMPLIFON: FINANCIALS
FIGURE 80. COCHLEAR: FINANCIALS
FIGURE 81. GN: FINANCIALS
FIGURE 82. INTRICON: FINANCIALS
FIGURE 83. MED-EL: FINANCIALS
FIGURE 84. SIVANTOS: FINANCIALS
FIGURE 85. SONOVA: FINANCIALS
FIGURE 86. STARKEY: FINANCIALS
FIGURE 87. WIDEX: FINANCIALS
FIGURE 88. WILLIAM DEMANT: FINANCIALS

 

Hearing disorders such as permanent hearing loss is a major health and economic burden on the society; hence, the development of effective hearing care devices is a vital need for the treatment of hearing disorders.

High incidence of hearing disorders, new technological advancements in hearing systems (cochlear implant), growth in geriatric population, and increase in binaural fitting rate drive the market growth. However, high cost of these devices (especially in the developing nations) and rise in drop-out rates of patients restrain the market growth.

Binaural hearing aid fitting rate has increased considerably, owing to a number of benefits, such as better localization ability (ability to trace the location of sound), improved speech intelligibility in noise and relief from tinnitus. In addition, improved sound quality and reduced listening effort have contributed to the rise in rate of binaural fitting hearing devices. The preferred advantages of these device over monaural hearing aids have increased their adoption rate thus boosting the market growth.

Asia-Pacific offers lucrative growth opportunity for the market due to increase in healthcare expenditure, growth in geriatric population, and rise in incidence of hearing disorders. Thus, emerging economies, such as China and India, possess high market potential.

 

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