Hearing Aids Market - Global Forecasts to 2020

Hearing Aids Market - Global Forecasts to 2020

Regular price $5,650.00 Sale

Published on Nov 02, 2015 - 158 pages

Hearing Aids Market by Product (Receiver-In-The-Ear, Behind-The-Ear, In-The-Ear, Canal Hearing Aids, Cochlear Implants, Bone Anchored Systems), Hearing Loss (Sensorineural, Conductive), End-User (Adults, Pediatrics) - Global Forecasts to 2020

The hearing aids market is expected to reach USD 8,373.9 million by 2020 from USD 6,183.3 million in 2015, at a CAGR of 6.3%. The global hearing aids market is segmented based on products, type of hearing loss, end-users, and regions. The hearing implants segment is expected to register the highest growth rate in the hearing aids market, by products, during the forecast period. The high growth in this segment is attributed to the increasing number of regulatory approvals and new product launches.

The major factors contributing to the growth of the hearing aids market include increasing aging population and high incidences of hearing loss. Furthermore, increasing new product development activities by companies is another major factor driving the growth of this market.

For instance, in April 2015, Bernafon launched Supremia, a Super Power BTE hearing aid for adults and children with severe and profound hearing loss. High growth potential in emerging markets has opened an array of opportunities for the hearing aids market. However, factors such as low penetration rate of hearing aids is hampering the growth of the market to a certain extent.

Apart from comprehensive geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in the market. The above-mentioned market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach, and levels of output in order to remain successful in the market.

Reasons to Buy the Report:

This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:
  • Market Penetration: Comprehensive information on the product portfolios of the top players in the hearing aids market. The report analyses the hearing aids market by products, type of hearing loss, end-users, and regions
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and new product launches in the hearing aids market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the hearing aids market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various hearing aids market products across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the hearing aids market


Table of Contents

TABLE OF CONTENTS

1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATION
1.6 MARKET STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 MARKET SIZE ESTIMATION
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
2.3 MARKET SHARE ESTIMATION
2.3.1 KEY DATA FROM SECONDARY SOURCES
2.3.2 KEY DATA FROM PRIMARY SOURCES
2.3.3 KEY INDUSTRY INSIGHTS
2.4 ASSUMPTIONS FOR THE STUDY
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 HEARING AIDS MARKET OVERVIEW
4.2 HEARING AID DEVICES MARKET, BY TYPE
4.3 GEOGRAPHICAL SNAPSHOT OF THE HEARING AIDS MARKET
4.4 HEARING IMPLANTS MARKET, BY TYPE
4.5 GEOGRAPHIC ANALYSIS: HEARING AIDS MARKET, BY TYPE OF HEARING LOSS
4.6 GEOGRAPHIC ANALYSIS: HEARING AIDS MARKET, BY END USER
4.7 LIFECYCLE ANALYSIS, BY REGION, 2015
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.2.1 BY PRODUCT
5.2.2 BY TYPE OF HEARING LOSS
5.2.3 BY END USER
5.2.4 BY REGION

5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Rapid growth in aging population
5.3.1.2 High prevalence of hearing loss
5.3.1.3 Technological advancements in hearing aids
5.3.2 RESTRAINTS
5.3.2.1 High cost of hearing aids
5.3.2.2 Low penetration rate of hearing aids
5.3.3 OPPORTUNITIES
5.3.3.1 Growth potential offered by emerging countries
5.3.4 CHALLENGES
5.3.4.1 Unfavorable reimbursement scenario
6 HEARING AIDS MARKET, BY PRODUCT
6.1 INTRODUCTION
6.2 HEARING AID DEVICES
6.2.1 RECEIVER-IN-THE-EAR (RITE) HEARING AIDS
6.2.2 BEHIND-THE-EAR (BTE) HEARING AIDS
6.2.3 CANAL HEARING AIDS
6.2.4 IN-THE-EAR (ITE) HEARING AIDS
6.2.5 OTHER HEARING AIDS
6.3 HEARING IMPLANTS
6.3.1 COCHLEAR IMPLANTS
6.3.2 BONE-ANCHORED SYSTEMS
7 HEARING AIDS MARKET, BY TYPE OF HEARING LOSS
7.1 INTRODUCTION
7.2 SENSORINEURAL HEARING LOSS
7.3 CONDUCTIVE HEARING LOSS
8 HEARING AIDS MARKET, BY END USER
8.1 INTRODUCTION
8.2 ADULTS
8.3 PEDIATRICS
9 HEARING AIDS MARKET, BY REGION
9.1 INTRODUCTION
9.2 EUROPE
9.2.1 GERMANY
9.2.2 FRANCE
9.2.3 U.K.
9.2.4 ITALY
9.2.5 SPAIN
9.2.6 ROE
9.3 NORTH AMERICA
9.3.1 U.S.
9.3.2 CANADA
9.4 ASIA
9.4.1 JAPAN
9.4.2 CHINA
9.4.3 INDIA
9.4.4 REST OF ASIA
9.5 REST OF THE WORLD (ROW)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET SHARE ANALYSIS
10.2.1 GLOBAL HEARING AID DEVICES MARKET SHARE ANALYSIS, BY KEY PLAYER, 2014
10.2.1.1 North America: Hearing aid devices market share analysis, by key player, 2014
10.2.1.2 Europe: Hearing aid devices market share analysis, by key player, 2014
10.2.1.3 Asia: Hearing aid devices market share analysis, by key player, 2014
10.2.2 GLOBAL HEARING IMPLANTS MARKET SHARE ANALYSIS, BY KEY PLAYER, 2014
10.2.2.1 North America: Hearing implants market share analysis, by key player, 2014