Market by Product, Technology, Types of Hearing Loss, Patient Type, Distribution Channel, and Country Outlook | Forecast 2022-2028
According to Triton, the market for hearing aids in Latin America is set to grow with a 6.23% CAGR over the forecast years from 2022-2028.
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The countries reviewed in this region are:
•        Brazil
•        Mexico
•        Rest
of Latin America
The Rest of Latin America region constitutes
countries like Argentina, Costa Rica, Chile, Venezuela, Uruguay, and Peru.
These are predominantly low-income nations, with their cumulative healthcare
expenditure being much lower than Brazil’s. In 2018, Chile’s Ministry of Health
highlighted the importance of increasing public awareness on hearing
disabilities, highlighting the need for diagnosis in a timely manner and the
adequate treatment required.
In the last decade, the Government of Ecuador
formulated a new state policy concerning disability, called Ecuador Sin
Barreras, to support people with disability. It also developed two main
programs, Mision Manuela Espejo and Mision Joaquin Gallegos, collaborating with
14 government institutions and forming an agreement with the Government of
Cuba.
Besides, in July 2018, in Purmamarca, in
Argentina’s Jujuy Province, the local government, Samsung Electronics
Argentina, and uSound signed an agreement to help residents detect potential
hearing loss and also provide steps to help them minimize its impact. This
project is called uSound for Samsung, and has provided people in the area
access to a simple three-step preliminary diagnosis, which can be done through
a smartphone. Such growing awareness and technological developments are
expected to positively impact the market for hearing aids, and eventually boost
its growth over the forthcoming period.
Starkey is engaged in designing and developing
comprehensive hearing systems. The company develops these products following an
evidence-based design approach. The company has three brands, NuEar, Starkey,
and Audibel, through which it develops, manufactures, and distributes hearing
aid products. It has a business presence in more than 100 markets around the
world, with 22 operations centers. Founded in 1967, the company has a highly
skilled and trained workforce of more than 5,000 employees, who help Starkey in
advancing its product portfolio.
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VIEW REPORT1. LATIN
AMERICA 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. MARKET
ATTRACTIVENESS INDEX
2.7. VENDOR
SCORECARD
2.8. KEY
STRATEGIC DEVELOPMENTS
2.8.1. CONTRACTS
AND PARTNERSHIPS
2.8.2. BUSINESS
EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
2.8.3. ACQUISITIONS
& MERGERS
2.8.4. NEW
PRODUCT LAUNCHES & DEVELOPMENTS
2.9. MARKET
DRIVERS
2.9.1. INCREASING
OCCURRENCE OF HEARING LOSS WORLDWIDE
2.9.2. RISING
INITIATIVES AND AWARENESS ABOUT HEARING AID DEVICES
2.10. MARKET
CHALLENGES
2.10.1. LOW
PENETRATION AND ADOPTION OF HEARING AIDS
2.10.2. HIGH
COST OF DEVICES ASSOCIATED WITH HEARING AIDS
2.10.3. PRESENCE
OF COST-EFFECTIVE ALTERNATIVES TO HEARING AID DEVICES
2.11. MARKET
OPPORTUNITIES
2.11.1. POTENTIAL
FOR HEARING AIDS IN EMERGING ECONOMIES
2.11.2. ADVANCEMENT
IN TECHNOLOGY
3. LATIN
AMERICA 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. LATIN
AMERICA HEARING AIDS MARKET – BY TECHNOLOGY
4.1. DIGITAL
HEARING AIDS
4.2. CONVENTIONAL
HEARING AIDS
5. LATIN
AMERICA HEARING AIDS MARKET – BY TYPES OF HEARING LOSS
5.1. SENSORINEURAL
HEARING LOSS
5.2. CONDUCTIVE
HEARING LOSS
6. LATIN
AMERICA HEARING AIDS MARKET – BY PATIENT TYPE
6.1. ADULTS
6.2. PEDIATRICS/CHILDREN
7. LATIN
AMERICA HEARING AIDS MARKET – BY DISTRIBUTION CHANNEL
7.1. AUDIOLOGY
AND ENT CLINICS
7.2. PHARMACIES
7.3. HOSPITALS
8. LATIN
AMERICA HEARING AIDS MARKET – COUNTRY OUTLOOK
8.1. BRAZIL
8.2. MEXICO
8.3. REST
OF LATIN AMERICA
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: LATIN AMERICA 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: LATIN AMERICA HEARING
AIDS MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA HEARING
AID DEVICES MARKET, BY TYPES, 2022-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA HEARING
IMPLANTS MARKET, BY TYPES, 2022-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA
HEARING AIDS MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 11: LATIN AMERICA
HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2022-2028 (IN $ MILLION)
TABLE 12: LATIN AMERICA
HEARING AIDS MARKET, BY PATIENT TYPE, 2022-2028 (IN $ MILLION)
TABLE 13: LATIN AMERICA
HEARING AIDS MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 14: LATIN AMERICA
HEARING AIDS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: SUPPLY CHAIN ANALYSIS IN THE HEARING AIDS INDUSTRY
FIGURE
2: LATIN AMERICA HEARING AIDS MARKET, BY PRODUCT, 2021 & 2028 (IN %)
FIGURE
3: LATIN AMERICA HEARING AIDS MARKET, BY HEARING AID DEVICES, 2022-2028 (IN $
MILLION)
FIGURE
4: LATIN AMERICA HEARING AID DEVICES MARKET, BY BEHIND-THE-EAR (BTE), 2022-2028
(IN $ MILLION)
FIGURE
5: LATIN AMERICA HEARING AID DEVICES MARKET, BY IN-THE-CANAL (ITC) AND
COMPLETELY-IN-THE-CANAL (CIC), 2022-2028 (IN $ MILLION)
FIGURE
6: LATIN AMERICA HEARING AID DEVICES MARKET, BY IN-THE-EAR (ITE), 2022-2028 (IN
$ MILLION)
FIGURE
7: LATIN AMERICA HEARING AID DEVICES MARKET, BY OTHER HEARING AID DEVICES,
2022-2028 (IN $ MILLION)
FIGURE
8: LATIN AMERICA HEARING AIDS MARKET, BY HEARING IMPLANTS, 2022-2028 (IN $
MILLION)
FIGURE
9: LATIN AMERICA HEARING IMPLANTS MARKET, BY COCHLEAR IMPLANTS, 2022-2028 (IN $
MILLION)
FIGURE
10: LATIN AMERICA HEARING IMPLANTS MARKET, BY BONE-ANCHORED SYSTEMS, 2022-2028
(IN $ MILLION)
FIGURE
11: LATIN AMERICA HEARING AIDS MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE
12: LATIN AMERICA HEARING AIDS MARKET, BY DIGITAL HEARING AIDS, 2022-2028 (IN $
MILLION)
FIGURE
13: LATIN AMERICA HEARING AIDS MARKET, BY CONVENTIONAL HEARING AIDS, 2022-2028
(IN $ MILLION)
FIGURE
14: LATIN AMERICA HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2021 &
2028 (IN %)
FIGURE
15: LATIN AMERICA HEARING AIDS MARKET, BY SENSORINEURAL HEARING LOSS, 2022-2028
(IN $ MILLION)
FIGURE
16: LATIN AMERICA HEARING AIDS MARKET, BY CONDUCTIVE HEARING LOSS, 2022-2028
(IN $ MILLION)
FIGURE
17: LATIN AMERICA HEARING AIDS MARKET, BY PATIENT TYPE, 2021 & 2028 (IN %)
FIGURE
18: LATIN AMERICA HEARING AIDS MARKET, BY ADULTS, 2022-2028 (IN $ MILLION)
FIGURE
19: LATIN AMERICA HEARING AIDS MARKET, BY PEDIATRICS/CHILDREN, 2022-2028 (IN $
MILLION)
FIGURE
20: LATIN AMERICA HEARING AIDS MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028
(IN %)
FIGURE
21: LATIN AMERICA HEARING AIDS MARKET, BY AUDIOLOGY AND ENT CLINICS, 2022-2028
(IN $ MILLION)
FIGURE
22: LATIN AMERICA HEARING AIDS MARKET, BY PHARMACIES, 2022-2028 (IN $ MILLION)
FIGURE
23: LATIN AMERICA HEARING AIDS MARKET, BY HOSPITALS, 2022-2028 (IN $ MILLION)
FIGURE
24: BRAZIL HEARING AIDS MARKET 2022-2028 (IN $ MILLION)
FIGURE
25: MEXICO HEARING AIDS MARKET 2022-2028 (IN $ MILLION)
FIGURE
26: REST OF LATIN AMERICA HEARING AIDS MARKET 2022-2028 (IN $ MILLION)