LATIN AMERICA HEARING AIDS MARKET 2022-2028

 

 

TABLE OF CONTENTS

1. 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

 

 

LIST OF TABLES

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)

 

 

LIST OF FIGURES

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)

 

 

 

MARKET OUTLOOK

The Latin America hearing aids market is speculated to exhibit growth, with a CAGR of 6.23% over the forecasting duration 2022-2028, states a Triton Market Research report. Mexico, Brazil, and Rest of Latin America together comprise the market in this region.

There are nearly 32 million people in Latin America who are affected by mild to severe hearing loss, and account for approximately 9% of the total global hearing-impaired population. Also, a rise in the prevalence of hearing loss among the aging population can be seen in the region. Thus, the growing risk of hearing loss, mainly due to the rising aging populace, is accelerating the demand for effective treatment devices, including hearing aids. This is expected to offer lucrative growth opportunities to the hearing aids market in the coming period.

According to a 2019 Global Audiology report, the causes of deafness among Mexicans can be attributed to a number of factors. This includes disease, advanced age, accidents, birth defects, incidents of violence, and also by other causes. Though the market for hearing aids is not as developed in Mexico as the countries in North America, the growing disease burden and rising awareness are expected to boost the Mexican market’s growth in the coming years.

On the other hand, Rest of Latin America is currently witnessing economic growth, and is emerging as a hotspot for new technological advancements. Looking at the overall scenario, about the rising awareness pertaining to hearing loss and the increasing geriatric population, the hearing aids market in the region is likely to have a promising future. This will also encourage notable industry players to grow their presence in Rest of Latin America.

 

Get more insights into the Latin America Hearing Aids Market:

 

https://www.tritonmarketresearch.com/reports/latin-america-hearing-aids-market

 

COMPETITIVE OUTLOOK

Major players engaged in the hearing aids market include GN Store Nord AS, Microson, Arphi Electronics Pvt Ltd, Siemens AG, Sonova, Sebotek Hearing Systems LLC, Demant AS, and Med El.

 

 

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