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Report

Hearing Aids Market (Product: Hearing Aids and Bone Anchored Hearing Aids; and Age Group: Adult and Pediatric) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Market Report I 2022-06-17 I 155 Pages I Transparency Market Research

Hearing Aids Market - Scope of Report
TMR's report on the global hearing aids market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the global hearing aids market for the period 2017-2031, considering 2021 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global hearing aids market from 2022 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the hearing aids market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global hearing aids market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global hearing aids market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global hearing aids market.

The report delves into the competitive landscape of the global hearing aids market. Key players operating in the global hearing aids market have been identified and each one of these has been profiled, in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are attributes of players in the global hearing aids market profiled in this report.

RESEARCH METHODOLOGY

The research methodology will be a combination of exhaustive primary and secondary research to analyze the market hearing aids.

Secondary Research

Secondary research includes a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants' insights, and recognizing business opportunities.

Secondary research sources that we typically refer, but are not limited to:

Company websites, presentations, annual reports, white papers, technical paper, product brochure
Internal and external proprietary databases and relevant patents
National government documents, statistical databases, and market reports
News articles, press releases, and webcasts specific to companies operating in the market

Specific Secondary Sources:

Industry Sources:
WorldWideScience.org
Elsevier, Inc.
National Institutes of Health (NIH)
PubMed
NCBI
Department of Health Care Service
Trade Data Sources
Trade Map
UN Comtrade
Trade Atlas
Company Information
OneSource Business Browser
Hoover's
Factiva
Bloomberg
Mergers & Acquisitions
Thomson Mergers & Acquisitions
MergerStat
Profound

Primary Research

During the course of research, we conduct in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of research efforts, supplemented by extensive secondary research.

We conduct primary interviews on the ongoing basis with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:

Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening secondary research findings
Further develops the analysis team's expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically take part in such a process include, but are not limited to:

Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
Purchasing/Sourcing managers, technical personnel, distributors
Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry verticals

List of primary participants, but not limited to:

Advanced Oncotherapy PLC
Danfysik A/S
Hitachi, Ltd.
IBA Worldwide
Mevion Medical Systems, Inc.

Data Triangulation: Information culled from "Secondary & Primary Sources" is cross-checked with "TMR Knowledge Repository", which is updated every quarter.

Market Estimation: Market size estimations involved in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we employed modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:

Demographic Data: Healthcare expenditure, inflation rates, and others
Industry Indicators: R&D investment, technology stage, and infrastructure, sector growth, and facilities

Market Forecasting: Market forecasts for various segments are derived taking into account drivers, restraints/challenges, and opportunities prevailing in the market and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise surgery data are some of the other pivotal factors, which are considered to derive market forecasts.

1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Hearing Aids Market
4. Market Overview
4.1. Introduction
4.1.1. Product Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Hearing Aids Market Analysis and Forecast, 2017-2031
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Technological Advancements
5.2. Key Industry Events (mergers, acquisitions, partnerships, etc.)
5.3. COVID-19 Pandemic Impact on Industry (value chain and short / mid / long term impact)
6. Global Hearing Aids Market Analysis and Forecast, by Product
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Product, 2017-2031
6.3.1. Hearing Aids
6.3.1.1. Behind-the-Ear (BTE) Aids
6.3.1.2. Receiver in the Ear (RITE) Aids
6.3.1.3. In the Ear (ITE)
6.3.1.4. Canal Hearing Aids (ITC), (CIC), & (IIC)
6.3.2. Bone Anchored Hearing Aids (BAHA)
6.4. Market Attractiveness Analysis, by Product
7. Global Hearing Aids Market Analysis and Forecast, by Age Group
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Age Group, 2017-2031
7.3.1. Adult
7.3.2. Pediatric
7.4. Market Attractiveness Analysis, by Age Group
8. Global Hearing Aids Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, by Region
9. North America Hearing Aids Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Product, 2017-2031
9.2.1. Hearing Aids
9.2.1.1. Behind-the-Ear (BTE) Aids
9.2.1.2. Receiver in the Ear (RITE) Aids
9.2.1.3. In the Ear (ITE)
9.2.1.4. Canal Hearing Aids (ITC), (CIC), & (IIC)
9.2.2. Bone Anchored Hearing Aids (BAHA)
9.3. Market Value Forecast, by Age Group, 2017-2031
9.3.1. Adult
9.3.2. Pediatric
9.4. Market Value Forecast, by Country, 2017-2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Product
9.5.2. By Age Group
9.5.3. By Country
10. Europe Hearing Aids Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Product, 2017-2031
10.2.1. Hearing Aids
10.2.1.1. Behind-the-Ear (BTE) Aids
10.2.1.2. Receiver in the Ear (RITE) Aids
10.2.1.3. In the Ear (ITE)
10.2.1.4. Canal Hearing Aids (ITC), (CIC), & (IIC)
10.2.2. Bone Anchored Hearing Aids (BAHA)
10.3. Market Value Forecast, by Age Group, 2017-2031
10.3.1. Adult
10.3.2. Pediatric
10.4. Market Value Forecast, by Country/Sub-region, 2017-2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Product
10.5.2. By Age Group
10.5.3. By Country/Sub-region
11. Asia Pacific Hearing Aids Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Product, 2017-2031
11.2.1. Hearing Aids
11.2.1.1. Behind-the-Ear (BTE) Aids
11.2.1.2. Receiver in the Ear (RITE) Aids
11.2.1.3. In the Ear (ITE)
11.2.1.4. Canal Hearing Aids (ITC), (CIC), & (IIC)
11.2.2. Bone Anchored Hearing Aids (BAHA)
11.3. Market Value Forecast, by Age Group, 2017-2031
11.3.1. Adult
11.3.2. Pediatric
11.4. Market Value Forecast, by Country/Sub-region, 2017-2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Product
11.5.2. By Age Group
11.5.3. By Country/Sub-region
12. Latin America Hearing Aids Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Product, 2017-2031
12.2.1. Hearing Aids
12.2.1.1. Behind-the-Ear (BTE) Aids
12.2.1.2. Receiver in the Ear (RITE) Aids
12.2.1.3. In the Ear (ITE)
12.2.1.4. Canal Hearing Aids (ITC), (CIC), & (IIC)
12.2.2. Bone Anchored Hearing Aids (BAHA)
12.3. Market Value Forecast, by Age Group, 2017-2031
12.3.1. Adult
12.3.2. Pediatric
12.4. Market Value Forecast, by Country/Sub-region, 2017-2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Product
12.5.2. By Age Group
12.5.3. By Country/Sub-region
13. Middle East & Africa Hearing Aids Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Product, 2017-2031
13.2.1. Hearing Aids
13.2.1.1. Behind-the-Ear (BTE) Aids
13.2.1.2. Receiver in the Ear (RITE) Aids
13.2.1.3. In the Ear (ITE)
13.2.1.4. Canal Hearing Aids (ITC), (CIC), & (IIC)
13.2.2. Bone Anchored Hearing Aids (BAHA)
13.3. Market Value Forecast, by Age Group, 2017-2031
13.3.1. Adult
13.3.2. Pediatric
13.4. Market Value Forecast, by Country/Sub-region, 2017-2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Product
13.5.2. By Age Group
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competition Matrix (by tier and size of companies)
14.2. Market Share Analysis, by Company, 2021
14.3. Company Profiles
14.3.1. Audina Hearing Instruments, Inc.
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Product Portfolio
14.3.1.3. SWOT Analysis
14.3.1.4. Strategic Overview
14.3.2. Cochlear Ltd.
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Product Portfolio
14.3.2.3. SWOT Analysis
14.3.2.4. Strategic Overview
14.3.3. GN Store Nord A/S
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Product Portfolio
14.3.3.3. SWOT Analysis
14.3.3.4. Strategic Overview
14.3.4. SeboTek Hearing Systems, LLC
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Product Portfolio
14.3.4.3. SWOT Analysis
14.3.4.4. Strategic Overview
14.3.5. Siemens AG
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Product Portfolio
14.3.5.3. SWOT Analysis
14.3.5.4. Strategic Overview
14.3.6. Sonova Holding
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Product Portfolio
14.3.6.3. SWOT Analysis
14.3.6.4. Strategic Overview
14.3.7. Starkey
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Product Portfolio
14.3.7.3. SWOT Analysis
14.3.7.4. Strategic Overview
14.3.8. Widex A/S
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Product Portfolio
14.3.8.3. SWOT Analysis
14.3.8.4. Strategic Overview
14.3.9. William Demant Holding A/S
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Product Portfolio
14.3.9.3. SWOT Analysis
14.3.9.4. Strategic Overview
14.3.10. Other players

List of Table
Table 01: Global Hearing Aids Market Size (US$ Mn) Forecast, by Product, 2017-2031
Table 02: Global Hearing Aids Market Size (US$ Mn) Forecast, by Hearing Aids, 2017-2031
Table 03: Global Hearing Aids Market Size (US$ Mn) Forecast, by Bone Anchored Hearing Aids (BAHA), 2017-2031
Table 04: Global Hearing Aids Market Size (US$ Mn) Forecast, by Age Group, 2017-2031
Table 05: Global Hearing Aids Market Size (US$ Mn) Forecast, by Region, 2017-2031
Table 06: North America Hearing Aids Market Value (US$ Mn) Forecast, by Country, 2017-2031
Table 07: North America Hearing Aids Market Size (US$ Mn) Forecast, by Product, 2017-2031
Table 08: North America Hearing Aids Market Size (US$ Mn) Forecast, by Hearing Aids, 2017-2031
Table 09: North America Hearing Aids Market Size (US$ Mn) Forecast, by Bone Anchored Hearing Aids (BAHA), 2017-2031
Table 10: North America Hearing Aids Market Size (US$ Mn) Forecast, by Age Group, 2017-2031
Table 11: Europe Hearing Aids Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
Table 12: Europe Hearing Aids Market Size (US$ Mn) Forecast, by Products, 2017-2031
Table 13: Europe Hearing Aids Market Size (US$ Mn) Forecast, by Hearing Aids, 2017-2031
Table 14: Europe Hearing Aids Market Size (US$ Mn) Forecast, by Bone Anchored Hearing Aids (BAHA), 2017-2031
Table 15: Europe Hearing Aids Market Size (US$ Mn) Forecast, by Age Group, 2017-2031
Table 16: Asia Pacific Hearing Aids Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
Table 17: Asia Pacific Hearing Aids Market Size (US$ Mn) Forecast, by Product, 2017-2031
Table 18: Asia Pacific Hearing Aids Market Size (US$ Mn) Forecast, by Hearing Aids, 2017-2031
Table 19: Asia Pacific Hearing Aids Market Size (US$ Mn) Forecast, by Bone Anchored Hearing Aids (BAHA), 2017-2031
Table 20: Asia Pacific Hearing Aids Market Size (US$ Mn) Forecast, by Age Group, 2017-2031
Table 21: Latin America Hearing Aids Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
Table 22: Latin America Hearing Aids Market Size (US$ Mn) Forecast, by Product, 2017-2031
Table 23: Latin America Hearing Aids Market Size (US$ Mn) Forecast, by Hearing Aids, 2017-2031
Table 24: Latin America Hearing Aids Market Size (US$ Mn) Forecast, by Bone Anchored Hearing Aids (BAHA), 2017-2031
Table 25: Latin America Hearing Aids Market Size (US$ Mn) Forecast, by Age Group, 2017-2031
Table 26: Middle East & Africa Hearing Aids Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
Table 27: Middle East & Africa Hearing Aids Market Size (US$ Mn) Forecast, by Product, 2017-2031
Table 28: Middle East & Africa Hearing Aids Market Size (US$ Mn) Forecast, by Hearing Aids, 2017-2031
Table 29: Middle East & Africa Hearing Aids Market Size (US$ Mn) Forecast, by Bone Anchored Hearing Aids (BAHA), 2017-2031
Table 30: Middle East & Africa Hearing Aids Market Size (US$ Mn) Forecast, by Age Group, 2017-2031

List of Figures
Figure 01: Hearing Aids Market Snapshot
Figure 02: Global Hearing Aids Market Size (US$ Mn) Forecast, 2017-2031
Figure 03: Global Hearing Aids Market Value Share, by Product, 2017-2031
Figure 04: Global Hearing Aids Market Value Share, by Age Group, 2017-2031
Figure 05: Global Hearing Aids Market Revenue (US$ Mn), by Product, 2022-2031
Figure 06: Global Hearing Aids Market Revenue (US$ Mn), by Age Group, 2022-2031
Figure 07: Global Hearing Aids Market Attractiveness Analysis, by Age Group, 2022-2031
Figure 08: Global Hearing Aids Market Attractiveness Analysis, by Product, 2022-2031
Figure 09: Global Hearing Aids Market Revenue (US$ Mn), by Behind-the-Ear (BTE) Aids, 2017-2031
Figure 10: Global Hearing Aids Market Revenue (US$ Mn), by Receiver in the Ear (RITE) Aids, 2017-2031
Figure 11: Global Hearing Aids Market Revenue (US$ Mn), by In the Ear (ITE), 2017-2031
Figure 12: Global Hearing Aids Market Revenue (US$ Mn), by Canal Hearing Aids (ITC), (CIC), & (IIC), 2017-2031
Figure 13: Global Hearing Aids Market Revenue (US$ Mn), by Bone Anchored Hearing Aids (BAHA), 2017-2031
Figure 14: Global Hearing Aids Market Value Share Analysis, by Region, 2021 and 2031
Figure 15: Global Hearing Aids Market Attractiveness Analysis, by Region, 2022-2031
Figure 16: North America Hearing Aids Market Size (US$ Mn) Forecast, 2022-2031
Figure 17: North America Hearing Aids Market Value Share, by Country, 2021 and 2031
Figure 18: North America Hearing Aids Market Attractiveness Analysis, by Country, 2022-2031
Figure 19: North America Hearing Aids Market Value Share, by Age Group, 2021 and 2031
Figure 20: North America Hearing Aids Market Attractiveness Analysis, by Age Group, 2022-2031
Figure 21: North America Hearing Aids Market Value Share, by Product, 2021 and 2031
Figure 22: North America Hearing Aids Market Attractiveness Analysis, by Product, 2022-2031
Figure 23: Europe Hearing Aids Market Size (US$ Mn) Forecast, 2022-2031
Figure 24: Europe Hearing Aids Market Value Share, by Country/Sub-region, 2021 and 2031
Figure 25: Europe Hearing Aids Market Attractiveness Analysis, by Country/Sub-region, 2022-2031
Figure 26: Europe Hearing Aids Market Value Share, by Age Group, 2021 and 2031
Figure 27: Europe Hearing Aids Market Attractiveness Analysis, by Age Group, 2022-2031
Figure 28: Europe Hearing Aids Market Value Share, by Product, 2021 and 2031
Figure 29: Europe Hearing Aids Market Attractiveness Analysis, by Product, 2022-2031
Figure 30: Asia Pacific Hearing Aids Market Size (US$ Mn) Forecast, 2022-2031
Figure 31: Asia Pacific Hearing Aids Market Value Share, by Country/Sub-region, 2021 and 2031
Figure 32: Asia Pacific Hearing Aids Market Attractiveness Analysis, by Country/Sub-region, 2022-2031
Figure 33: Asia Pacific Hearing Aids Market Value Share, by Age Group, 2021 and 2031
Figure 34: Asia Pacific Hearing Aids Market Attractiveness Analysis, by Age Group, 2022-2031
Figure 35: Asia Pacific Hearing Aids Market Value Share, by Product, 2022-2031
Figure 36: Asia Pacific Hearing Aids Market Attractiveness Analysis, by Product, 2022-2031
Figure 37: Latin America Hearing Aids Market Size (US$ Mn) Forecast, 2022-2031
Figure 38: Latin America Hearing Aids Market Value Share, by Country/Sub-region, 2021 and 2031
Figure 39: Latin America Hearing Aids Market Attractiveness Analysis, by Country/Sub-region, 2022-2031
Figure 40: Latin America Hearing Aids Market Value Share, by Age Group, 2021 and 2031
Figure 41: Latin America Hearing Aids Market Attractiveness Analysis, by Age Group, 2022-2031
Figure 42: Latin America Hearing Aids Market Value Share, by Product 2021 and 2031
Figure 43: Latin America Hearing Aids Market Attractiveness Analysis, by Product, 2022-2031
Figure 44: Middle East & Africa Hearing Aids Market Size (US$ Mn) Forecast, 2022-2031
Figure 45: Middle East & Africa Hearing Aids Market Value Share, by Country/Sub-region, 2021 and 2031
Figure 46: Middle East & Africa Hearing Aids Market Attractiveness Analysis, by Country/Sub-region, 2022-2031
Figure 47: Middle East & Africa Hearing Aids Market Value Share, by Age Group, 2021 and 2031
Figure 48: Middle East & Africa Hearing Aids Market Attractiveness Analysis, by Age Group, 2022-2031
Figure 49: Middle East & Africa Hearing Aids Market Value Share, by Product, 2021 and 2031
Figure 50: Middle East & Africa Hearing Aids Market Attractiveness Analysis, by Product, 2022-2031
Figure 51: Global Hearing Aids Market Share Analysis, by Company, 2021

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