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Hearing Aids Market - Forecast to 2022 - Market Breakdown by Receiver In The Ear, Behind The Ear, In The Ear, In The Canal Hearing Aids, Cochlear Implant, BAHA implant - Research and Markets

Research and Markets
Posted on: 20 Nov 17

The "Hearing Aids Market - Forecast to 2022" report has been added to Research and Markets' offering.

The hearing aids market is expected to reach USD 9.78 billion by 2022 from USD 6.97 billion in 2017, at a CAGR of 7.0%

The high prevalence of hearing loss, rising geriatric population, and technological advancements in hearing aids are driving the growth of this market. On the other hand, market growth may be hindered due to the high cost of hearing aids and the low penetration of these devices.

By product, the hearing aids market is segmented into hearing aid devices and hearing implants. The hearing aid devices segment is expected to hold the largest share of the market in 2017, while the hearing implants segment is projected to register the highest CAGR during the forecast period. Increase in approval from the government agencies for hearing implants is the key factor driving the growth of this segment.

Based on type of hearing loss, the hearing aids market is segmented into sensorineural hearing loss and conductive hearing loss. The sensorineural hearing loss segment (SNHL) is expected to dominate this market, due to high prevalence of SNHL and increasing initiatives by companies and regulatory authorities to develop hearing aid devices for SNHL treatment.

Based on patient type, the hearing aids market is segmented into adult patients and pediatric patients. The adult patient segment is expected to account for the largest share and is projected to register the highest CAGR due to the high prevalence of hearing loss in the adult population due to ageing.

In 2017, Europe is expected to account for the largest share of the market followed by North America. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in this segment is attributed to 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.

List of Companies Profiled in the Report:

  • Sonova (Switzerland)
  • William Demant (Denmark)
  • GN Store Nord (Denmark)
  • Cochlear (Australia)
  • Sivantos (Singapore)
  • Starkey (US)
  • Widex (Denmark)
  • Med-El (Austria)
  • Zounds Hearing (US)
  • Sebotek Hearing Systems (US)
  • Audina Hearing Instruments (US)
  • Rion (Japan)
  • Horentek (Italy)
  • Microson (Spain)
  • Arphi Electronics (India)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Hearing Aids Market, By Product

7 Hearing Aids Market, By Type of Hearing Loss

8 Hearing Aids Market, By Patient Type

9 Hearing Aids Market, By Region

10 Competitive Landscape

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/nt2cnn/hearing_aids

View source version on businesswire.com: http://www.businesswire.com/news/home/20171120005486/en/

Business Wire
www.businesswire.com

Last updated on: 20/11/2017

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