NORTH AMERICA HEARING AIDS MARKET 2022-2028

 

 

TABLE OF CONTENTS

1. 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

 

 

LIST OF TABLES

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)

 

 

LIST OF FIGURES

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)

 

 

MARKET OUTLOOK

According to Triton, the market for hearing aids in North America is anticipated to flourish with a CAGR of 6.12% in the estimated years from 2022 to 2028. The United States and Canada together shape the market in this region.

The availability of state-of-the-art healthcare infrastructure, continuous innovations, and the rising adoption of technologically advanced hearing aids are fostering the growth of the market in North America. In addition, the demand for hearing aids in the region is also driven by the high level of awareness, presence of a large patient pool, better availability, and an extensive reach of innovative products. The growth of the market in Canada can be mainly attributed to the rising burden of hearing loss and the increasing hearing aid product launches taking place in the country. Hearing loss has consistently ranked among the top five disabilities affecting people in the country.

An estimated 4.6 million Canadian adults have reported to have at least mild hearing loss in the speech frequency range. Based on audiometric testing, approximately 8.2 million people in the age group of 40 to 79 years have reported experiencing at least mild hearing loss in the high-frequency range. In February 2018, Audika, the globally renowned hearing care retailer, announced its International Campaign for Better Hearing. This initiative offers a free hearing test to anyone above the age of 60 years. It also makes hearing aid devices accessible to those who cannot afford them otherwise. Such programs aid the development of the studied market in the country.

 

Get more insights into the North America Hearing Aids Market:

 

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

 

COMPETITIVE OUTLOOK

Audina Hearing Instruments Inc, Arphi Electronics Pvt Ltd, Sonova, Demant AS, Siemens AG, Sebotek Hearing Systems LLC, Cochlear Ltd, and Med El are some of the noteworthy players in the 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