Global Hearing Aids Market Insights 2024-2029 - Behind-the-Ear (BTE) Hearing Aids Segment is Forecast to Reach $5.86 Billion by 2029, Growing at a CAGR of 3.97%

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Feb 14, 2024, 23:00 ET

DUBLIN, Feb. 14, 2024 /PRNewswire/ -- The "Global Hearing Aids Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.

The global hearing aids market is forecast to reach $8.55 billion by 2029 from US$6.66 Billion in 2023, growing at a CAGR of 4.25%, . The market growth can be attributed to the growing incidence/ prevalence of hearing disorders and the rising need for treating such disorders worldwide.

Sonova, WS Audiology, Demant A/S, GN Store A/S, and Starkey Corp are some leading players currently dominating the global hearing aids market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the hearing aids market and access commercially launched products.

This report offers market size & forecast data for the global hearing aids market. The revenue generated from the sale of commercial hearing aids is included in the report. The report provides a comprehensive and current market scenario of the global hearing aids market, including the global hearing aids market size, anticipated market forecast, relevant market segmentations, and industry trends.

The study considers a detailed scenario of the present global hearing aids market and its market dynamics for 2024-2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

KEY HIGHLIGHTS

By Product type, the global hearing aids market by behind-the-ear (BTE) hearing aids segment was valued at $4.64 billion in 2023 and is expected to reach $5.86 billion by 2029, growing at a CAGR of 3.97%. The global rise in the prevalence of hearing loss is a significant factor contributing to the growth of this segment. These are the most commonly used hearing aids compared to other available hearing aids in the market since they are robust, easy-to-use, and appropriate for all types of hearing loss.
By Hearing Loss type, the sensorineural hearing loss segment was valued at $5.25 billion in 2023 and is expected to reach $6.83 billion by 2029, growing at a CAGR of 4.48%. The segment accounted for the largest share mainly due to the rising incidence of hearing loss, specifically sensorineural hearing loss, in the pediatric and adult population.
By patient group, the global hearing aids market by the adult segment was valued at $4.92 billion in 2023 and is expected to reach $6.42 billion by 2029, growing at a CAGR of 4.53%. The segment is dominating the market due to the higher incidence and prevalence of hearing loss among the elderly population worldwide.

Vendors List

Sonova
WS Audiology
Demant A/S
GN Store A/S
Starkey
Century Hearing Aids
Arphi Electronics
Audina Hearing Instruments
EarTechnic
Eargo Hearing Aids
ExSilent
Horentek
IN4 Technology
InnerScope Hearing Technologies
Intricon
Loreca Hearing Aids
NewSound Hearing Aids
RION Co., Ltd.
SeboTek Heraing Aids
ZOUNDS Hearing
Cochlear Ltd
Nurotron Biotech
MED-EL
Rexton Hearing Aids
BHM-Tech
Earlens

REPORT HIGHLIGHTS

PRODUCT SEGMENTATION & FORECAST

Product type
- Behind-the-Ear
- In-the-Ear
Hearing Loss type
- Sensorineural Hearing Loss
- Conductive Hearing Loss
- Mixed Hearing Loss
Age group
- Adults
- Pediatrics
Technology type
- Digital Hearing Aids
- Analog Hearing Aids
Distribution Channel
- Retailers
- Independent Practices
- Buying Groups
- Government Purchases

MARKET STRUCTURE

Market Dynamics
Competitive Landscape of Hearing Aids Market
Key Vendors
Other Prominent Vendors

Key Topics Covered:

Chapter - 1: Hearing Aids Market Overview

Chapter - 2: Hearing Aids Market

Global: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)

Chapter - 3: Hearing Aids Market Segmentation Data

Global: Projected Revenue by Product Type (2023-2029; $Billions)
- Behind-The-Ear
- In-The-Ear
Global: Projected Revenue by Hearing Loss (2023-2029; $Billions)
- Sensorineural Hearing Loss
- Conductive Hearing Loss
- Mixed Hearing Loss
Global: Projected Revenue by Patient Group (2023-2029; $Billions)
- Adults
- Pediatrics
Global: Projected Revenue by Technology (2023-2029; $Billions)
- Digital Hearing Aids
- Analog Hearing Aids
Global: Projected Revenue by End-users (2023-2029; $Billions)
- Retailers
- Independent Practices
- Buying Groups
- Government Purchases

Chapter - 4: Key Regions Overview

North America: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
Europe: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
APAC: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
Latin America: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
Middle East & Africa: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)

Chapter - 5: Hearing Aids Market Prospects & Opportunities

Hearing Aids Market Opportunities & Trends
Hearing Aids Market Drivers
Hearing Aids Market Constraints

Chapter - 6: Hearing Aids Industry Overview

Hearing Aids Market - Competitive Landscape
Hearing Aids Market - Key Vendor Profiles
Hearing Aids Market - Other Prominent Vendors
Hearing Aids Market - Key Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/8oua2j

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