U.S. markets open in 4 hours 6 minutes

  • S&P Futures

    4,541.75
    +5.25 (+0.12%)
     

  • Dow Futures

    35,571.00
    +14.00 (+0.04%)
     

  • Nasdaq Futures

    15,376.25
    +35.25 (+0.23%)
     

  • Russell 2000 Futures

    2,288.10
    -0.70 (-0.03%)
     

  • Crude Oil

    84.58
    +0.82 (+0.98%)
     

  • Gold

    1,803.30
    +7.00 (+0.39%)
     

  • Silver

    24.51
    +0.06 (+0.25%)
     

  • EUR/USD

    1.1636
    -0.0009 (-0.08%)
     

  • 10-Yr Bond

    1.6550
    0.0000 (0.00%)
     

  • Vix

    15.95
    +0.94 (+6.26%)
     

  • GBP/USD

    1.3762
    +0.0003 (+0.02%)
     

  • USD/JPY

    113.6150
    +0.1550 (+0.14%)
     

  • BTC-USD

    62,836.09
    +1,597.95 (+2.61%)
     

  • CMC Crypto 200

    1,453.34
    -49.70 (-3.31%)
     

  • FTSE 100

    7,240.80
    +36.25 (+0.50%)
     

  • Nikkei 225

    28,600.41
    -204.44 (-0.71%)
     
WATCH:

Yahoo Finance's 2021 All Markets Summit — The Path Forward

October 25 from 9:00 a.m to 5 p.m. ET

Hearing Aids Market Report [2021-2028] | to Reach USD 11.02 Billion, Exhibiting a CAGR of 7.4%

Fortune Business Insights
·7 min read

Key Prominent Players Covered in the Hearing Aids Market Research Report Are Sonovo (Stafa, Switzerland) , Demant A/S (Denmark) , GN Store Nord A/S (Ballerup, Denmark) , WS Audiology (Denmark) , Starkey (Minnesota, U.S.) , MED-EL (Medical Electronics) (Innsbruck, Austria) , Cochlear Ltd (Sydney, Australia) , RION Co., Ltd. (Tokyo, Japan)

Pune, India, Oct. 25, 2021 (GLOBE NEWSWIRE) -- The global hearing aids market is expected to reach USD 11.02 billion by 2028, exhibiting a CAGR of 7.4% during the forecast period. The market is set to gain impetus from the increasing adoption of telehealth among audiologists to prevent patient traffic. This information is given by Fortune Business Insights™ in a report, titled, “Hearing Aids Market, 2021-2028.” The report further states that the market size was USD 6.47 billion in 2020.


Request a Sample Copy of the Global Hearing Aids Market Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/hearing-aids-market-101573


Report Scope & Segmentation

Report Coverage

Details

Forecast Period

2021 to 2028

Forecast Period 2021 to 2028 CAGR

7.4%

2028 Value Projection

USD 11.02 Billion

Base Year

2020

Market Size in 2020

USD 6.47 Billion

Historical Data for

2017 to 2019

No. of Pages

134

Segments covered

Product, Patient, Distribution Channel

Growth Drivers

Increasing Prevalence of Hearing Loss to Boost Product Demand

Incorporation of Digital or Smart Technologies to Drive Growth

Ignorance by Patients to Undergo Hearing Test May Impede Growth


COVID-19 Pandemic to Affect Growth Backed by Postponement of Surgeries

The COVID-19 pandemic has taken a huge toll on the healthcare sector. Most of the hospitals are falling short of beds for COVID-19 positive patients. Also, multiple elective surgeries are either being canceled or postponed to relocate resources. The Hearing Industries Association (HIA) revealed that during the first half of 2020, the sales of hearing aids in the U.S. are set to decline by 29.7%. Our accurate reports will aid in offering detailed information about the current condition of this industry.

How Did We Develop This Report?

Our analysts have conducted both qualitative and quantitative techniques, as well as a blend of primary and secondary sources to collect information. They have taken data from paid databases, press releases, company journals, and other sources to provide a complete picture of the market for food wrapping papers. To derive information about the competitive landscape, such as collaborations, joint ventures, acquisitions, mergers, partnerships, and acquisitions, they have conducted thorough interviews with prominent figures.


To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/hearing-aids-market-101573


Higher Noise Exposure to Boost Growth

The rising cases of hearing loss in industrialized countries are set to accelerate the global hearing aids market growth in the near future. The World Health Organization (WHO) declared that by 2050, the number of people living with disabling hearing loss will reach over 900 million. Apart from that, physiological aging of the ear, genetic susceptibility, higher noise exposure, vascular disorder, and chronic inflammation would also contribute to the surging demand for these aids. However, the social stigma associated with hearing loss and devices often results in patients missing their check-ups. It may hamper growth.

Hearing Devices Segment to Lead Stoked by Rising Usage of Behind-the-ear Devices

Based on product, the hearing devices segment is set to hold the largest hearing aids market share and lead in the coming years. This growth is attributable to the rising usage of behind-the-ear devices as they resemble Bluetooth earphones. Also, invisible-in-the-canal and completely in the canal devices are nowadays experiencing high demand because of their ability to provide more confidence in people.

Increasing Development of Novel Devices to Spur Growth in Europe

In 2020, North America procured USD 2.48 billion in terms of revenue. The increasing adoption of less noticeable devices to surge the aesthetic appeal would aid growth. Europe is projected to witness lucrative growth throughout the forthcoming years on account of the rising research and development activities to create advanced hearing aids. In Asia Pacific, the increasing old age population is expected to drive growth.


Have Any Query? Ask Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/hearing-aids-market-101573


Key Players Focus on Launching Unique Hearing Aids to Fulfill Unmet Needs

The global market houses several manufacturers that are mainly aiming to fulfill the unmet demand from people across the globe. To do so, they are developing novel products equipped with innovative technologies for more comfort. Below are the two latest industry developments:

  • August 2020: GN Hearing launched a revolutionary new hearing aid named ReSound ONE. It has an additional microphone that can be placed inside the ear canal, enabling people to rely on these aids, while gaining the comfort of an open-fit device.

  • April 2020: Phonak unveiled a new telehealth technology that contains a suit of Phonak eSolutions featuring real-time remote hearing aid fine-tuning, programming, and fitting. It also includes online hearing testing to help patients receive care amid COVID-19.

A list of all the renowned manufacturers operating in the global market:

  • Sonovo (Stafa, Switzerland)

  • Demant A/S (Denmark)

  • GN Store Nord A/S (Ballerup, Denmark)

  • WS Audiology (Denmark)

  • Starkey (Minnesota, U.S.)

  • MED-EL (Medical Electronics) (Innsbruck, Austria)

  • Cochlear Ltd (Sydney, Australia)

  • RION Co., Ltd. (Tokyo, Japan)


Quick Buy - Hearing Aids Market Research Report:

https://www.fortunebusinessinsights.com/checkout-page/101573


Table Of Contents :

  • Introduction

    • Research Scope

    • Market Segmentation

    • Research Methodology

    • Definitions and Assumptions

  • Executive Summary

  • Market Dynamics

    • Market Drivers

    • Market Restraints

    • Market Opportunities

  • Key Insights

    • Prevalence of Hearing loss, By Key Country

    • Technological Advancement Sin Hearing Aids Market

    • New Product Launches

    • Key Industry Developments (Mergers, Acquisitions, and Partnerships)

    • Impact of COVID-19 Pandemic

  • Global Hearing Aids Market Analysis, Insights and Forecast, 2017-2028

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast – By Product

      • Hearing Devices

        • BTE ( Behind the Ear)

        • ITE (In the Ear)

        • RIC (Receiver in the Canal)

        • CIC (Completely in the Canal)

        • Others (Invisible in the Canal, etc.)

      • Hearing Implants

        • Cochlear Implants

        • Bone Anchored Implants

    • Market Analysis, Insights and Forecast – By Patient Type

      • Adults

      • Pediatrics

    • Market Analysis, Insights and Forecast – By Distribution Channel

      • OTC (Over the Counter)

      • Medical Channel/ Hospitals Pharmacies

      • Private Practice/ Retail Pharmacies

    • Market Analysis, Insights and Forecast – By Region

      • North America

      • Europe

      • Asia Pacific

      • Rest of the World

  • North America Hearing Aids Market Analysis, Insights and Forecast, 2017-2028

    • Key Findings / Summary

    • Market Analysis – By Product

      • Hearing Devices

        • BTE ( Behind the Ear)

        • ITE (In the Ear)

        • RIC (Receiver in the Canal)

        • CIC (Completely in the Canal)

        • Others (Invisible in the Canal, etc.)

      • Hearing Implants

        • Cochlear Implants

        • Bone Anchored Implants

    • Market Analysis – By Patient Type

      • Adults

      • Pediatrics

    • Market Analysis – By Distribution Channel

      • OTC (Over the Counter)

      • Medical Channel/ Hospitals Pharmacies

      • Private Practice/ Retail Pharmacies

  • Europe Hearing Aids Market Analysis, Insights and Forecast, 2017-2028

    • Key Findings / Summary

    • Market Analysis – By Product

      • Hearing Devices

        • BTE ( Behind the Ear)

        • ITE (In the Ear)

        • RIC (Receiver in the Canal)

        • CIC (Completely in the Canal)

        • Others (Invisible in the Canal, etc.)

      • Hearing Implants

        • Cochlear Implants

        • Bone Anchored Implants

    • Market Analysis – By Patient Type

      • Adults

      • Pediatrics

    • Market Analysis – By Distribution Channel

      • OTC (Over the Counter)

      • Medical Channel/ Hospitals Pharmacies

    • Market Analysis – By Country

      • U.S.

      • Canada

      • Private Practice/ Retail Pharmacies

  • Asia Pacific Hearing Aids Market Analysis, Insights and Forecast, 2017-2028

    • Key Findings / Summary

    • Market Analysis – By Product

      • Hearing Devices

        • BTE ( Behind the Ear)

        • ITE (In the Ear)

        • RIC (Receiver in the Canal)

        • CIC (Completely in the Canal)

        • Others (Invisible in the Canal, etc.)

      • Hearing Implants

        • Cochlear Implants

        • Bone Anchored Implants

    • Market Analysis – By Patient Type

      • Adults

      • Pediatrics

    • Market Analysis – By Distribution Channel

      • OTC (Over the Counter)

      • Medical Channel/ Hospitals Pharmacies

    • Market Analysis – By Country/Sub-region

      • U.K.

      • Germany

      • France

      • Spain

      • Italy

      • Scandinavia

      • Rest of Europe

      • Private Practice/ Retail Pharmacies

    • Market Analysis – By Country/Sub-region

      • Japan

      • China

      • India

      • Australia

      • Southeast Asia

      • Rest of Asia Pacific


Toc Continue..


Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/hearing-aids-market-101573


About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.


Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com


Recommended Stories

  • Are Atea Pharmaceuticals, Agenus, Novavax, and Ocular Therapeutix Bad News Buy?

    Biotech stocks are in a slump. Despite numerous wins in the high-profile areas of COVID-19 and cancer therapy, the industry has failed to excite investors this year -- as seen in the 12% year-to-date fall in the the bellwether SPDR S&P Biotech ETF. Risk-tolerant growth investors appear to be favoring other vehicles over biotech in 2021, such as the red-hot cryptocurrency Shiba Inu (CRYPTO: SHIB), electric-vehicle giant Tesla (NASDAQ: TSLA), and emerging social media plays such as Digital World Acquisition (NASDAQ: DWAC) and Phunware (NASDAQ: PHUN).

  • Pinterest tumbles and PayPal soars after payments firm said it won't bid for art-selling network

    In premarket trade, PayPal Holdings rallied and Pinterest tumbled after the payments firm said it wouldn't bid for the art-sharing social network. In a terse statement, PayPal said "that it is not pursuing an acquisition of Pinterest at this time." PayPal shares jumped 6% while Pinterest fell 10%. Bloomberg had reported PayPal's interest in buying Pinterest last week.

  • Panasonic unveils prototype battery for Tesla

    TOKYO (Reuters) -Panasonic unveiled on Monday a more advanced prototype battery that has five times the storage capacity of current ones, with the company's battery chief saying it will help deepen business ties with U.S. electric car maker Tesla Inc. During a media roundtable where Kazuo Tadanobu unveiled the new battery for the first time, he also said Panasonic had no plans to make cheaper Lithium Iron Phosphate (LFP) electric vehicle batteries. Panasonic this year established a test line in Japan to make the 4680 format (46 millimetres wide and 80 millimetres tall) battery cell that Tesla says will store more energy, halve battery costs and drive a 100-fold increase in battery production by 2030.

  • Brent Oil Takes Out $86 as Saudi Arabia Vows Caution on Supplies

    (Bloomberg) -- Oil rallied above $86 a barrel after Saudi Arabia said that the OPEC+ alliance should maintain its cautious approach to managing global crude supplies given the threat to demand still posed by the pandemic. Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Ma

  • I Always Loved Scotland’s Orkney Islands. So I Retired There.

    I knew that the summers on the windswept islands were magical. But I’ve come to love the rainy, dark winters more than I ever would have expected.

  • Want to Retire Early? Think Again

    Unless you’re lucky enough to have a full pension and benefits that kick in that early—such as full military retirement or from work as a police officer or firefighter—you’ll probably need to work until at least age 67 to accrue enough money for a comfortable retirement. Around one-third of Americans start claiming Social Security benefits in their first month of eligibility when they turn 62.

  • Goldman sees upside risks to $90/bbl Brent price forecast

    "While not our base-case, such persistence would pose upside risk to our $90/bbl year-end Brent price forecast," Goldman said in a research note dated Oct. 24. Tight global supply and strong demand have pushed oil prices to multi-year highs, with U.S. West Texas Intermediate crude futures trading at $84.38 a barrel and Brent crude futures at $86.26 by 0731 GMT on Monday. On China, Goldman said: "Despite the recent power cuts and impacts to industrial activity in China, oil demand is likely instead supported by switching to diesel powered generators and diesel engines in LNG trucks, as well as by a ramp up in coal production."

  • The Crypto Daily – Movers and Shakers – October 25th, 2021

    After a bearish end to the week for Bitcoin and the broader market, a Bitcoin move back through to $62,000 levels would settle the markets.

  • Budget 2021: Sunak to give £6bn to NHS

    The announcement comes amid a slew of other spending commitments made ahead of the autumn budget which is due on Wednesday.

  • HSBC’s CEO Paints Bullish Outlook After Profit Beats Estimates

    (Bloomberg) -- HSBC Holdings Plc outlined a bullish outlook for the months ahead fueled by likely increases in interest rates and said it would soon kickoff a higher-than-expected share buyback. Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker at Deutsche Bank Reaps

  • Wall Street Hails a New Era of Oil Prices: Higher for Longer

    (Bloomberg) -- Could the era of cheap oil supply be gone for good?Most Read from BloombergCities' Answer to Sprawl? Go Wild.Why Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyHamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeThat’s the conclusion of some of the biggest commodities desks on Wall Street, where banks have been lifti

  • Warning Signs You're Developing Diabetes, Say Experts

    So many people have diabetes—about 1.5 million are diagnosed in the United States each year, and nearly 1 in 10 Americans have it—you'd think it'd be easy to spot. But although the condition is relatively common, many people go undiagnosed because the early symptoms can be vague, easily overlooked at first, or confused with other conditions. Here from Eat This, Not That! Health are the first signals your body might send when you develop diabetes. Read on to learn about the new study—and to ensur

  • Florida's top doctor refuses mask, is told to leave meeting

    Florida's top health official was asked to leave a meeting after refusing to wear a mask at the office of a state senator who told him she had a serious medical condition, officials have confirmed. Florida Senate leader Wilton Simpson, a Republican, sent a memo to senators Saturday regarding the incident at the office of Democratic state Sen. Tina Polsky, asking visitors at the building to be respectful with social interactions. Polsky, who represents parts of Broward and Palm Beach counties, had not yet made public her breast cancer diagnosis.

  • The case for regulating breast milk companies

    Breast milk products are often marketed as safer, vegan, better for the immune system and infant development.

  • Duchess of Cornwall on mother’s osteoporosis: ‘If you don’t take care, that’s what will happen to you’

    The Duchess of Cornwall has disclosed that she makes her grandchildren look at photos of her mother to warn them to look after themselves and avoid osteoporosis.

  • Retirement Plans: Pensions vs. Social Security

    Both pensions and Social Security provide an income stream to retirees, but they differ widely on how they're structured and funded. Learn the differences.

  • Sibanye-Stillwater Nears $1 Billion Deal to Acquire Brazil Nickel and Copper Projects

    The South Africa-based miner confirmed the talks Monday, without disclosing the valuation under discussion, after The Wall Street Journal reported they were taking place. It would acquire Atlantic Nickel, which operates the Santa Rita mine, one of the world’s biggest open-pit nickel sulfide mines, and Mineracao Vale Verde, which is developing a copper-and-gold mine. Miners are racing to secure supplies of metals that will be needed to keep pace with rising demand for electric vehicles.

  • The World’s Most Consumed Edible Oil Is Facing a Supply Crunch

    (Bloomberg) -- Palm oil production in Malaysia is on course for its weakest showing in five years as planters grapple with the worst-ever labor shortage in the second-biggest grower, and the low yields are likely to last through March.Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe

  • Retirement savings contribution credits and more: How Congress can help retirees save

    Congress is considering several proposals that could make retirement savings more worthwhile: student loan matching, retirement credits, and more

  • Namibia suspends use of Russian COVID vaccine after S.Africa flags HIV concerns

    Namibia will suspend the rollout of Russia's Sputnik V COVID-19 vaccine, its health ministry said on Saturday, days after the drugs regulator in neighbouring South Africa flagged concerns about its safety for people at risk of HIV. Regulator SAHPRA decided not to approve an emergency use application for Sputnik V for now because some studies suggested that administration of vaccines using the Adenovirus Type 5 vector - which Sputnik V does - can lead to higher susceptibility to HIV in men.