ASIA-PACIFIC HEARING AIDS MARKET 2022-2028

 

 

TABLE OF CONTENTS

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

 

 

LIST OF TABLES

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)

 

 

LIST OF FIGURES

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)

 

 

MARKET OUTLOOK

A study by Triton Market Research shows that the market for hearing aids in the Asia-Pacific would fast progress with a CAGR of 7.34% in the forecast period from 2022 to 2028. Japan, India, China, ASEAN countries, South Korea, Australia & New Zealand, and Rest of Asia-Pacific together constitute the market in this region.

A growing demand for hearing aids can be seen in India, with the increasing burden of hearing disorders and a rise in healthcare spending. Further, the growing adoption of advanced technologies to make hearing aid devices is expected to aid the growth of the market studied in the country. Hearing impairment is a serious, though grossly neglected condition in India.

For instance, in 2018, there were nearly 63 million people with auditory loss in the country, according to data from the World Health Organization (WHO). The estimated prevalence of deafness onset in adulthood and childhood was 7.6% and 2%, respectively. This indicates that the studied market will grow tremendously in India over the coming years.

The South Korean market for hearing aids is driven mainly by the high burden of hearing loss in the population. In addition to this, the rising number of awareness programs and technological enhancements in hearing aid devices are also expected to foster the market growth in the country.

According to data from the World Ageing 2019 report, the number of people aged 65 years or above in South Korea is projected to reach 17.830 million by 2050. They are more prone to hearing disorders, which is expected to augment the demand for hearing aids. The rising elderly populace is therefore expected to aid the hearing aids market growth in the coming years.

 

 

COMPETITIVE OUTLOOK

The prominent companies in the hearing aids market are Med El, GN Store Nord AS, Rion Co Ltd, Sonova, Starkey, Arphi Electronics Pvt Ltd, Sebotek Hearing Systems LLC, and Zounds Hearing.

 

Get more insights into the Asia-Pacific Hearing Aids Market:

 

https://www.tritonmarketresearch.com/reports/asia-pacific-hearing-aids-market

 

SEGMENTATION

1. AMPLIFON

2. ARPHI ELECTRONICS PVT LTD

3. AUDINA HEARING INSTRUMENTS INC

4. COCHLEAR LTD

5. GN STORE NORD AS

6. HORENTEK

7. MED EL

8. MICROSON

9. RION CO LTD

10. SEBOTEK HEARING SYSTEMS LLC

11. SIEMENS AG

12. SONOVA

13. STARKEY

14. DEMANT AS

15. ZOUNDS HEARING