Global Hearing Aids Market | Growth, Trends, and Forecast (2017-2022)

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, type of hearing loss, patient type, and region. Based on the 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.

Hearing Aids Market –  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

To know about the assumptions considered for the study, download the pdf brochure

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.