Market by Product, Technology, Types of Hearing Loss, Patient Type, Distribution Channel, and Country Outlook | Forecast 2022-2028
Triton Market Research concludes that North America’s hearing aids market would grow with a CAGR of 6.12% in the estimated period from 2022 to 2028.
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The
countries scrutinized in this region include:
• The United States
• Canada
Data
from the National Institute on Deafness and Other Communication Disorders
(NIDCD) suggests that, in 2021, nearly 1 in 3 individuals in the US, falling in
the age group of 65 to 74 years, is affected by hearing loss. And, nearly 50%
of people above the age of 75 years have difficulty hearing. Age is the
strongest factor for hearing loss among adults. Also, 91% of people suffering
from hearing loss are aged 50 years and above. Therefore, the rising elderly
population in the country is majorly driving the demand for hearing aids.
According
to Healthy Hearing, in 2018, nearly one-third of people affected by hearing
loss reported wearing hearing aids, and this number increases every year. The
Hearing Loss Association of America (HLAA) is the leading organization that
represents patients with hearing loss, and creates programs for treating this
condition. For instance, Walk4Hearing Events are large-scale walk events
conducted across the country to generate awareness about hearing loss and
eradicate the stigma of wearing hearing aids in public. Awareness programs such
as these are also fueling the growth of the studied market in the US.
The
growing number of launches to raise public awareness and improve the sales of
the devices is another factor fostering the market’s growth. In January 2019,
Lively announced launching an online audiology platform to provide hearing
tests, hearing aids, and ongoing support for its clients. A few months later,
in June 2019, UnitedHealthcare launched UnitedHealthcare Hearing, offering all
its customers access to custom-programmed hearing aids, for up to 80% lesser
cost than the devices sold through traditional channels.
Sebotek
is engaged in designing, developing, and manufacturing integrated receiver-in-the-canal
hearing aids. It also distributes these devices across the world. Along with hearing aids, the company also
provides ear tips, fitting software, and moisture protection systems (MPS). Sebotek
collaborates with several healthcare professionals, research institutes, and universities
to enhance its product scope. The company’s hearing instruments widely use
innovative digital technology that can monitor the user’s environment. Founded
in 1984, the US-based company is headquartered in Tulsa, Oklahoma.
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VIEW REPORT1. NORTH
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. 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. NORTH
AMERICA HEARING AIDS MARKET – COUNTRY OUTLOOK
8.1. THE
UNITED STATES
8.2. CANADA
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: NORTH 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: NORTH AMERICA HEARING
AIDS MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA HEARING
AID DEVICES MARKET, BY TYPES, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA HEARING
IMPLANTS MARKET, BY TYPES, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA
HEARING AIDS MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA
HEARING AIDS MARKET, BY PATIENT TYPE, 2022-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
HEARING AIDS MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA
HEARING AIDS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: SUPPLY CHAIN ANALYSIS IN THE HEARING AIDS INDUSTRY
FIGURE
2: NORTH AMERICA HEARING AIDS MARKET, BY PRODUCT, 2021 & 2028 (IN %)
FIGURE
3: NORTH AMERICA HEARING AIDS MARKET, BY HEARING AID DEVICES, 2022-2028 (IN $
MILLION)
FIGURE
4: NORTH AMERICA HEARING AID DEVICES MARKET, BY BEHIND-THE-EAR (BTE), 2022-2028
(IN $ MILLION)
FIGURE
5: NORTH AMERICA HEARING AID DEVICES MARKET, BY IN-THE-CANAL (ITC) AND
COMPLETELY-IN-THE-CANAL (CIC), 2022-2028 (IN $ MILLION)
FIGURE
6: NORTH AMERICA HEARING AID DEVICES MARKET, BY IN-THE-EAR (ITE), 2022-2028 (IN
$ MILLION)
FIGURE
7: NORTH AMERICA HEARING AID DEVICES MARKET, BY OTHER HEARING AID DEVICES,
2022-2028 (IN $ MILLION)
FIGURE
8: NORTH AMERICA HEARING AIDS MARKET, BY HEARING IMPLANTS, 2022-2028 (IN $
MILLION)
FIGURE
9: NORTH AMERICA HEARING IMPLANTS MARKET, BY COCHLEAR IMPLANTS, 2022-2028 (IN $
MILLION)
FIGURE
10: NORTH AMERICA HEARING IMPLANTS MARKET, BY BONE-ANCHORED SYSTEMS, 2022-2028
(IN $ MILLION)
FIGURE
11: NORTH AMERICA HEARING AIDS MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE
12: NORTH AMERICA HEARING AIDS MARKET, BY DIGITAL HEARING AIDS, 2022-2028 (IN $
MILLION)
FIGURE
13: NORTH AMERICA HEARING AIDS MARKET, BY CONVENTIONAL HEARING AIDS, 2022-2028
(IN $ MILLION)
FIGURE
14: NORTH AMERICA HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2021 &
2028 (IN %)
FIGURE
15: NORTH AMERICA HEARING AIDS MARKET, BY SENSORINEURAL HEARING LOSS, 2022-2028
(IN $ MILLION)
FIGURE
16: NORTH AMERICA HEARING AIDS MARKET, BY CONDUCTIVE HEARING LOSS, 2022-2028
(IN $ MILLION)
FIGURE
17: NORTH AMERICA HEARING AIDS MARKET, BY PATIENT TYPE, 2021 & 2028 (IN %)
FIGURE
18: NORTH AMERICA HEARING AIDS MARKET, BY ADULTS, 2022-2028 (IN $ MILLION)
FIGURE
19: NORTH AMERICA HEARING AIDS MARKET, BY PEDIATRICS/CHILDREN, 2022-2028 (IN $
MILLION)
FIGURE
20: NORTH AMERICA HEARING AIDS MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028
(IN %)
FIGURE
21: NORTH AMERICA HEARING AIDS MARKET, BY AUDIOLOGY AND ENT CLINICS, 2022-2028
(IN $ MILLION)
FIGURE
22: NORTH AMERICA HEARING AIDS MARKET, BY PHARMACIES, 2022-2028 (IN $ MILLION)
FIGURE
23: NORTH AMERICA HEARING AIDS MARKET, BY HOSPITALS, 2022-2028 (IN $ MILLION)
FIGURE
24: THE UNITED STATES HEARING AIDS MARKET 2022-2028 (IN $ MILLION)
FIGURE
25: CANADA HEARING AIDS MARKET 2022-2028 (IN $ MILLION)