Market by Product, Technology, Types of Hearing Loss, Patient Type, Distribution Channel, and Country Outlook | Forecast 2022-2028
The Asia-Pacific hearing aids market is expected to witness positive growth with a CAGR of 7.34% during the estimated period 2022-2028.
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The
countries evaluated in this region are:
•        India
•        Japan
•        China
•        ASEAN countries
•        Australia & New Zealand
•        South Korea
•        Rest of Asia-Pacific
Factors
such as the rising burden of hearing loss, technological developments in
hearing devices, and a surge in the geriatric populace hearing aids are driving
the demand for hearing aids in China. People in the age group of 65 years or
older are more prone to hearing loss and form a large consumer base for hearing
aid devices. Thus, the rise in the elderly population is expected to
significantly drive the market growth in the country.
Further,
most of the occupational population in China is at the risk of being affected
by noise-induced hearing loss (NIHL). For instance, a research study published
in August 2020’s BMJ Open Journal states that the prevalence of occupational
noise-induced hearing loss (NIHL) in the country was nearly 21.3%. Of this,
5.8% was related to noise-induced deafness, 9% to speech-frequency
noise-induced hearing loss (NIHL), and 30.2% to high-frequency NIHL (HFNIHL).
Such a high burden of hearing loss is expected to foster the growth of the
Chinese hearing aids market in the coming years.
Meanwhile,
Japan’s hearing aids market is also anticipated to grow significantly due to
factors like advancements in hearing loss products and the presence of key
industry players. Further, due to the rising geriatric population, there is an
increasing number of senior citizens with age-related hearing loss. For
instance, according to 2019’s World Ageing report, the number of persons in the
country aged 65 years and over is expected to reach 39.882 million by 2050.
With the increasing elderly population, the prevalence of hearing loss is
anticipated to surge in the near future, thereby boosting the demand for
hearing loss devices for managing hearing disorders.
Arphi
Electronics Pvt Ltd is a dealer of multiple hearing-related devices such as
hearing aids, group hearing aids, audiometers, impedance audiometer/tympanometers,
speech trainers, and loop induction. The company offers its products and
solutions across four segments, namely, Audiological Equipment, Hearing Aids,
Middle-ear Analyzer, and Arphi Accessories. Being an ISO 9001:2008 company,
Arphi Electronics has gained a strong customer base with increased buyer
confidence. The company was founded in 1962 and is headquartered in Mumbai,
India.
1. ASIA-PACIFIC
HEARING AIDS MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE HEARING AIDS MARKET
2.2. KEY
INSIGHTS
2.3. PORTER’S
FIVE FORCES MODEL
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYER
2.3.4. BARGAINING
POWER OF SUPPLIER
2.3.5. INTENSITY
OF COMPETITIVE RIVALRY
2.4. SUPPLY
CHAIN ANALYSIS
2.5. KEY
BUYING CRITERIA
2.6. REGULATORY
FRAMEWORK
2.7. MARKET
ATTRACTIVENESS INDEX
2.8. VENDOR
SCORECARD
2.9. KEY
STRATEGIC DEVELOPMENTS
2.9.1. CONTRACTS
AND PARTNERSHIPS
2.9.2. BUSINESS
EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
2.9.3. ACQUISITIONS
& MERGERS
2.9.4. NEW
PRODUCT LAUNCHES & DEVELOPMENTS
2.10. MARKET
DRIVERS
2.10.1. INCREASING
OCCURRENCE OF HEARING LOSS WORLDWIDE
2.10.2. RISING
INITIATIVES AND AWARENESS ABOUT HEARING AID DEVICES
2.11. MARKET
CHALLENGES
2.11.1. LOW
PENETRATION AND ADOPTION OF HEARING AIDS
2.11.2. HIGH
COST OF DEVICES ASSOCIATED WITH HEARING AIDS
2.11.3. PRESENCE
OF COST-EFFECTIVE ALTERNATIVES TO HEARING AID DEVICES
2.12. MARKET
OPPORTUNITIES
2.12.1. POTENTIAL
FOR HEARING AIDS IN EMERGING ECONOMIES
2.12.2. ADVANCEMENT
IN TECHNOLOGY
3. ASIA-PACIFIC
HEARING AIDS MARKET – BY PRODUCT
3.1. HEARING
AID DEVICES
3.1.1. BEHIND-THE-EAR
(BTE)
3.1.2. IN-THE-CANAL
(ITC) AND COMPLETELY-IN-THE-CANAL (CIC)
3.1.3. IN-THE-EAR
(ITE)
3.1.4. OTHER
HEARING AID DEVICES
3.2. HEARING
IMPLANTS
3.2.1. COCHLEAR
IMPLANTS
3.2.2. BONE-ANCHORED
SYSTEMS
4. ASIA-PACIFIC
HEARING AIDS MARKET – BY TECHNOLOGY
4.1. DIGITAL
HEARING AIDS
4.2. CONVENTIONAL
HEARING AIDS
5. ASIA-PACIFIC
HEARING AIDS MARKET – BY TYPES OF HEARING LOSS
5.1. SENSORINEURAL
HEARING LOSS
5.2. CONDUCTIVE
HEARING LOSS
6. ASIA-PACIFIC
HEARING AIDS MARKET – BY PATIENT TYPE
6.1. ADULTS
6.2. PEDIATRICS/CHILDREN
7. ASIA-PACIFIC
HEARING AIDS MARKET – BY DISTRIBUTION CHANNEL
7.1. AUDIOLOGY
AND ENT CLINICS
7.2. PHARMACIES
7.3. HOSPITALS
8. ASIA-PACIFIC
HEARING AIDS MARKET – COUNTRY OUTLOOK
8.1. CHINA
8.2. JAPAN
8.3. INDIA
8.4. AUSTRALIA
& NEW ZEALAND
8.5. SOUTH
KOREA
8.6. ASEAN
COUNTRIES
8.7. REST
OF ASIA-PACIFIC
9. COMPANY
PROFILES
9.1. AMPLIFON
9.2. ARPHI
ELECTRONICS PVT LTD
9.3. AUDINA
HEARING INSTRUMENTS INC
9.4. COCHLEAR
LTD
9.5. GN
STORE NORD AS
9.6. HORENTEK
9.7. MED EL
9.8. MICROSON
9.9. RION
CO LTD
9.10. SEBOTEK
HEARING SYSTEMS LLC
9.11. SIEMENS
AG
9.12. SONOVA
9.13. STARKEY
9.14. DEMANT
AS
9.15. ZOUNDS
HEARING
10. RESEARCH
METHODOLOGY & SCOPE
10.1. RESEARCH
SCOPE & DELIVERABLES
10.1.1. OBJECTIVES
OF STUDY
10.1.2. SCOPE
OF STUDY
10.2. SOURCES
OF DATA
10.2.1. PRIMARY
DATA SOURCES
10.2.2. SECONDARY
DATA SOURCES
10.3. RESEARCH
METHODOLOGY
10.3.1. EVALUATION
OF PROPOSED MARKET
10.3.2. IDENTIFICATION
OF DATA SOURCES
10.3.3. ASSESSMENT
OF MARKET DETERMINANTS
10.3.4. DATA
COLLECTION
10.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: ASIA-PACIFIC HEARING AIDS
MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF CONTRACTS AND
PARTNERSHIPS
TABLE 4: LIST OF BUSINESS
EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES
TABLE 5: LIST OF ACQUISITIONS
& MERGERS
TABLE 6: LIST OF NEW PRODUCT
LAUNCHES & DEVELOPMENTS
TABLE 7: ASIA-PACIFIC HEARING
AIDS MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC HEARING
AID DEVICES MARKET, BY TYPES, 2022-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC HEARING
IMPLANTS MARKET, BY TYPES, 2022-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC HEARING
AIDS MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC HEARING
AIDS MARKET, BY TYPES OF HEARING LOSS, 2022-2028 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC HEARING
AIDS MARKET, BY PATIENT TYPE, 2022-2028 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC HEARING
AIDS MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC HEARING
AIDS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: SUPPLY CHAIN ANALYSIS IN THE HEARING AIDS INDUSTRY
FIGURE
2: ASIA-PACIFIC HEARING AIDS MARKET, BY PRODUCT, 2021 & 2028 (IN %)
FIGURE
3: ASIA-PACIFIC HEARING AIDS MARKET, BY HEARING AID DEVICES, 2022-2028 (IN $
MILLION)
FIGURE
4: ASIA-PACIFIC HEARING AID DEVICES MARKET, BY BEHIND-THE-EAR (BTE), 2022-2028
(IN $ MILLION)
FIGURE
5: ASIA-PACIFIC HEARING AID DEVICES MARKET, BY IN-THE-CANAL (ITC) AND
COMPLETELY-IN-THE-CANAL (CIC), 2022-2028 (IN $ MILLION)
FIGURE
6: ASIA-PACIFIC HEARING AID DEVICES MARKET, BY IN-THE-EAR (ITE), 2022-2028 (IN
$ MILLION)
FIGURE
7: ASIA-PACIFIC HEARING AID DEVICES MARKET, BY OTHER HEARING AID DEVICES,
2022-2028 (IN $ MILLION)
FIGURE
8: ASIA-PACIFIC HEARING AIDS MARKET, BY HEARING IMPLANTS, 2022-2028 (IN $
MILLION)
FIGURE
9: ASIA-PACIFIC HEARING IMPLANTS MARKET, BY COCHLEAR IMPLANTS, 2022-2028 (IN $
MILLION)
FIGURE
10: ASIA-PACIFIC HEARING IMPLANTS MARKET, BY BONE-ANCHORED SYSTEMS, 2022-2028
(IN $ MILLION)
FIGURE
11: ASIA-PACIFIC HEARING AIDS MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE
12: ASIA-PACIFIC HEARING AIDS MARKET, BY DIGITAL HEARING AIDS, 2022-2028 (IN $
MILLION)
FIGURE
13: ASIA-PACIFIC HEARING AIDS MARKET, BY CONVENTIONAL HEARING AIDS, 2022-2028
(IN $ MILLION)
FIGURE
14: ASIA-PACIFIC HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2021 & 2028
(IN %)
FIGURE
15: ASIA-PACIFIC HEARING AIDS MARKET, BY SENSORINEURAL HEARING LOSS, 2022-2028
(IN $ MILLION)
FIGURE
16: ASIA-PACIFIC HEARING AIDS MARKET, BY CONDUCTIVE HEARING LOSS, 2022-2028 (IN
$ MILLION)
FIGURE
17: ASIA-PACIFIC HEARING AIDS MARKET, BY PATIENT TYPE, 2021 & 2028 (IN %)
FIGURE
18: ASIA-PACIFIC HEARING AIDS MARKET, BY ADULTS, 2022-2028 (IN $ MILLION)
FIGURE
19: ASIA-PACIFIC HEARING AIDS MARKET, BY PEDIATRICS/CHILDREN, 2022-2028 (IN $
MILLION)
FIGURE
20: ASIA-PACIFIC HEARING AIDS MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028
(IN %)
FIGURE
21: ASIA-PACIFIC HEARING AIDS MARKET, BY AUDIOLOGY AND ENT CLINICS, 2022-2028
(IN $ MILLION)
FIGURE
22: ASIA-PACIFIC HEARING AIDS MARKET, BY PHARMACIES, 2022-2028 (IN $ MILLION)
FIGURE
23: ASIA-PACIFIC HEARING AIDS MARKET, BY HOSPITALS, 2022-2028 (IN $ MILLION)
FIGURE
24: CHINA HEARING AIDS MARKET 2022-2028 (IN $ MILLION)
FIGURE
25: JAPAN HEARING AIDS MARKET 2022-2028 (IN $ MILLION)
FIGURE
26: INDIA HEARING AIDS MARKET 2022-2028 (IN $ MILLION)
FIGURE
27: AUSTRALIA & NEW ZEALAND HEARING AIDS MARKET 2022-2028 (IN $ MILLION)
FIGURE
28: SOUTH KOREA HEARING AIDS MARKET 2022-2028 (IN $ MILLION)
FIGURE
29: ASEAN COUNTRIES HEARING AIDS MARKET 2022-2028 (IN $ MILLION)
FIGURE
30: REST OF ASIA-PACIFIC HEARING AIDS MARKET 2022-2028 (IN $ MILLION)