“Hearing Amplifiers Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hearing amplifiers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for hearing amplifiers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hearing amplifiers market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Analog Hearing Aids; Digital Hearing Aids
- 2) By Design: Behind-The-Ear (BTE); Mini Behind-The-Ear; In-The-Ear (ITE); In-The-Canal (ITC)
- 3) By Distribution Channel: Hospital Pharmacies; Online Pharmacies; Other Distribution Channels
- Companies Mentioned: Beurer GmbH; Etymotic Research Inc.; Sound World Solutions Inc.; Foshan Vohom Technology Co Ltd.; IntriCon Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the hearing amplifiers market are Beurer GmbH, Etymotic Research Inc., Sound World Solutions Inc., Foshan Vohom Technology Co Ltd., IntriCon Corporation, InnerScope Hearing Technologies Inc., Cochlear Limited, Starkey Hearing Technologies, GN Store Nord AS, iHEAR Medical Inc., Eargo Inc., Huizhou Jinghao Electronics Co Ltd., Medca Hearing, Sonova Holding AG, Sivantos Group, RION Co Ltd., William Demant AS, and SeboTek Hearing Systems LLC.
The global hearing amplifiers market is expected to grow from $87.74 billion in 2022 to $93.30 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hearing amplifiers market is expected to grow to $119.53 billion in 2027 at a CAGR of 6.4%.
The hearing amplifiers market consists of sales of receivers in canal or receiver in the ear (E), and open fit (F) hearing aids. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Hearing amplifiers refer to sound-amplifying equipment designed to assist those with hearing loss. These wearable, personal sound amplification solutions use a microphone to capture sounds in the immediate area. They subsequently process sound and transmit it louder to the listener's ear.
North America was the largest region in the hearing amplifiers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hearing amplifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major types of hearing amplifiers are analog hearing aids and digital hearing aids. Analogue hearing aids refer to electronic devices that can simply make the original sound wave bigger and it is used to increase the volume of ongoing sound waves. The various design type involved are behind-the-ear (BTE), mini-BTE, in-the-ear (ITE), and in-the-canal (ITC) which are distributed through various channels such as hospital pharmacies, online pharmacies, and others.
The rising geriatric population is expected to propel the growth of the hearing amplifier market going forward. A geriatric population refers to a group of older people whose age is 65 or above and who are retired from work. The growing geriatric population results in an increased demand for hearing aids due to loss of hearing with the progression of age. One in three persons between the ages of 65 and 74 and almost half of those over 75 experience hearing loss, which is a prevalent issue among older folks. For instance, in October 2020, according to a report published by the United Nations Department of Economic and Social Affairs, a US-based population statistical agency, globally there are 727 million people aged 65 or older in 2020, and by 2050, it is anticipated that this population will have more than doubled to almost 1.5 billion people. Therefore, the rising geriatric population is driving the growth of the hearing amplifier market.
Product innovations are a key trend gaining popularity in the hearing amplifier market. Major players operating in the hearing amplifiers market are concentrating their efforts on creating innovative hearing technologies to sustain their position in the market. For instance, in August 2022, GN Hearing, a Denmark-based hearing aid company, launched ReSound OMNIA. ReSound OMNIA is a cutting-edge hearing technology platform that improves speech understanding and hearing in noisy environments by 150%. This platform helps to increase awareness of one's voice, connected through Bluetooth with smartphones, feels and links wearers to the outside world in a natural way.
In November 2021, InnerScope Hearing Technologies Inc., a US-based hearing aid and device manufacturing company acquired Hearing Assist II, LLC for an amount of $10 million. Through this acquisition, InnerScope is expected to increase its rechargeable hearing aids, listening devices, and hearing aid product portfolio, leverage its experienced research and development team, and enhance its position and competitive edge in the over-the-counter and direct-to-consumer hearing aid sector. Hearing Assist II, LLC is a US-based hearing aid company that develops hearing aids to target mild-moderate hearing loss.
The countries covered in the hearing amplifiers market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The hearing amplifiers market research report is one of a series of new reports from The Business Research Company that provides hearing amplifiers market statistics, including hearing amplifiers industry global market size, regional shares, competitors with a hearing amplifiers market share, detailed hearing amplifiers market segments, market trends and opportunities, and any further data you may need to thrive in the hearing amplifiers industry. This hearing amplifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Hearing Amplifiers Market Characteristics
3. Hearing Amplifiers Market Trends And Strategies
4. Hearing Amplifiers Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Hearing Amplifiers Market
- 4.2. Ukraine-Russia War Impact On Hearing Amplifiers Market
- 4.3. Impact Of High Inflation On Hearing Amplifiers Market
5. Hearing Amplifiers Market Size And Growth
- 5.1. Global Hearing Amplifiers Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Hearing Amplifiers Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Hearing Amplifiers Market Segmentation
- 6.1. Global Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Analog Hearing Aids
- Digital Hearing Aids
- 6.2. Global Hearing Amplifiers Market, Segmentation By Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Behind-The-Ear (BTE)
- Mini Behind-The-Ear
- In-The-Ear (ITE)
- In-The-Canal (ITC)
- 6.3. Global Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospital Pharmacies
- Online Pharmacies
- Other Distribution Channels
7. Hearing Amplifiers Market Regional And Country Analysis
- 7.1. Global Hearing Amplifiers Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Hearing Amplifiers Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Hearing Amplifiers Market
- 8.1. Asia-Pacific Hearing Amplifiers Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Hearing Amplifiers Market
- 9.1. China Hearing Amplifiers Market Overview
- 9.2. China Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Hearing Amplifiers Market
- 10.1. India Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Hearing Amplifiers Market
- 11.1. Japan Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Hearing Amplifiers Market
- 12.1. Australia Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Hearing Amplifiers Market
- 13.1. Indonesia Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Hearing Amplifiers Market
- 14.1. South Korea Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Hearing Amplifiers Market
- 15.1. Western Europe Hearing Amplifiers Market Overview
- 15.2. Western Europe Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Hearing Amplifiers Market
- 16.1. UK Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Hearing Amplifiers Market
- 17.1. Germany Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Hearing Amplifiers Market
- 18.1. France Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Hearing Amplifiers Market
- 19.1. Eastern Europe Hearing Amplifiers Market Overview
- 19.2. Eastern Europe Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Hearing Amplifiers Market
- 20.1. Russia Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Hearing Amplifiers Market
- 21.1. North America Hearing Amplifiers Market Overview
- 21.2. North America Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Hearing Amplifiers Market
- 22.1. USA Hearing Amplifiers Market Overview
- 22.2. USA Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Hearing Amplifiers Market
- 23.1. South America Hearing Amplifiers Market Overview
- 23.2. South America Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Hearing Amplifiers Market
- 24.1. Brazil Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Hearing Amplifiers Market
- 25.1. Middle East Hearing Amplifiers Market Overview
- 25.2. Middle East Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Hearing Amplifiers Market
- 26.1. Africa Hearing Amplifiers Market Overview
- 26.2. Africa Hearing Amplifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Hearing Amplifiers Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Hearing Amplifiers Market Competitive Landscape And Company Profiles
- 27.1. Hearing Amplifiers Market Competitive Landscape
- 27.2. Hearing Amplifiers Market Company Profiles
- 27.2.1. Beurer GmbH
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Etymotic Research Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Sound World Solutions Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Foshan Vohom Technology Co Ltd.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. IntriCon Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Hearing Amplifiers Market
29. Hearing Amplifiers Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer