Hearing Aid Devices And Equipment Global Market To Reach Value Of About $10 Billion In 2025

23 Sep, 2021

The hearing aid devices and equipment market consists of sales of hearing aid devices and equipment and related services. Hearing aids are devices and equipment designed and developed to improve hearing of people affected by hearing loss. Hearing aid devices and equipment are classified into hearing aid devices and hearing implants. Hearing aid devices and equipment include: Receiver-in-the-ear hearing aids, behind-the-ear hearing aids, canal hearing aids, in-the-ear (ITE) hearing aids and the hearing implants include: cochlear implants and bone-anchored systems.

Global Hearing Aid Devices And Equipment Market Size And Drivers:

The global hearing aid devices and equipment market is expected to grow from $6.58 billion in 2020 to $7.63 billion in 2021 at a compound annual growth rate (CAGR) of 16%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.66 billion in 2025 at a CAGR of 6.1%. Growing prevalence of hearing loss is as a major driver for hearing aid devices & equipment market growth.

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Trends In The Global Hearing Aid Devices And Equipment Market

Use of 3D Printing is a trend that is prevalent in the hearing aid devices & equipment market. The 3D printing is a technology that produces 3D objects from 2D model which enables manufacturing of better fitting, more comfortable and customized hearing aid devices. The 3D printing enables the shape of ear shell to be customized according to customer's individual ear canal and degree of hearing loss. For example, Sonova use advanced 3D printing technology to produce customized hearing aid devices especially suited for each customer's specific requirements. Examples of 3D hearing aid devices include EnvisionTEC’s E-Shell 200 Series, E-Shell 300 3D Printer Material series and EnvisionTEC E-Clear series.

Global Hearing Aid Devices And Equipment Market Segments:
The global hearing aid devices and equipment market is further segmented –
By Product: Receiver-In-The-Ear Hearing Aids, Behind-The-Ear Hearing Aids
By Distribution Channel: Audiology And ENT Clinics, Pharmacies, Online Sales, Others
By Technology: Conventional Hearing Aid, Digital Hearing Aid
By Patient: Adult, Pediatrics
By Type Of Hearing Loss: Conductive Hearing Loss, Sensorineural Hearing Loss
By Geography: The global hearing aid devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Hearing Aid Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides hearing aid devices and equipment market overviews, analyzes and forecasts market size and growth for the global hearing aid devices and equipment market, hearing aid devices and equipment market share, hearing aid devices and equipment market players, hearing aid devices and equipment market segments and geographies, hearing aid devices and equipment market’s leading competitors’ revenues, profiles and market shares. The hearing aid devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.