The global hearing aid devices and equipment market size is expected to grow from $12.30 billion in 2021 to $13.80 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The global hearing aid equipment market size is expected to grow to $21.08 billion in 2026 at a CAGR of 11.2%.
What is the Global Hearing Aid Devices and Equipment Market?
The hearing aid devices and equipment market consist of sales of hearing aid devices and equipment and related services. Hearing aids are devices and equipment designed and developed to improve the hearing of people affected by hearing loss.
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What drives the Global Hearing Aid Devices and Equipment Market?
The growing prevalence of hearing loss is a major driver for hearing aid devices & equipment market growth. In the United States, more than 35 million children and adults have some degree of hearing loss. Also, around 900 million people across the globe are expected to suffer from hearing disabilities by 2050 due to the rise in noise pollution levels, genetic factors, ear infections, and other complications. A high number of people suffering from hearing loss would result in huge demand for hearing aid devices across the globe.
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Global Hearing Aid Devices and Equipment Market Segments
The global hearing aid devices and equipment market is 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 regions covered in the hearing aid devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Hearing Aid Devices and Equipment Global Market Report 2022provides market size and growth forecasts for the global hearing aid devices and equipment market, global hearing aid devices and equipment market share, hearing aid devices and equipment market segments and geographies, hearing aid devices and equipment market competitive landscape including 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.
Global Hearing Aid Devices and Equipment Industry Playersinclude Starkey, Sonova, Widex, Siemens, GN ReSound, Oticon, Unitron, Hansaton, William Demant, and Beltone. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
