The report “Global Hearing Aid Market (Devices & Cochlear Implants) – Industry Analysis & Outlook (2016-2020)” provides. For more mail: vikas@konceptanalytics.com
Global Hearing Aid Market (Devices & Cochlear Implants): Industry Analysis & Outlook (2016-2020)
1. Global Hearing Aid Market (Devices &
Cochlear Implants):
Industry Analysis & Outlook
-----------------------------------------
(2016-2020)
Industry Research by Koncept Analytics
1
October 2016
Global Hearing Aid Market (Devices & Cochlear Implants): Industry Analysis
& Outlook (2016-2020)
2. Executive Summary
2
Hearing aid market is an emerging healthcare market due to introduction of various innovations and dynamics.
Hearing aid helps the people to increase their hearing capability who are suffering from loss of hearing. The
hearing aids are sold through multiple channels such as company-owned stores, hearing aid clinics, big box
retailers, and through government agencies. The global hearing aid market is segmented into hearing aid,
implants and diagnostics.
The competition in the hearing market is quite high and the probable entry of new players will make it more
competitive. New technologies are providing more flexible and convenient options in the hearing aid category.
Digital hearing aid technology offers benefits such as high efficiency, Wi-Fi, Bluetooth connectivity to help the
user have a better quality of life.
The key factors driving the growth of hearing aid market are global diabetic population, global ageing
population, increasing healthcare expenditure, increase in chronic kidney diseases and increased use of
headphones. Some of the noteworthy trends and developments of this industry are growth in cochlear implant
segment, development of wireless hearing aid and next generation rechargeable hearing aid. However, the
expansion of hearing aid market is hindered by low average selling price and threat from new entrants.
The report “Global Hearing Aid Market (Devices & Cochlear Implants) – Industry Analysis & Outlook (2016-
2020)” provides an in-depth analysis of the global market along with markets of the US and Europe. The major
trends, growth drivers as well as issues being faced by the industry are being presented in this report. The
industry comprises few large players such as Sonova, William Demant and GN Re Sound. All these companies
have been profiled in the present report highlighting their key financials and business strategies for growth.
Global Hearing Aid Market (Devices & Cochlear Implants): Industry Analysis
& Outlook (2016-2020)
3. The market is driven by growing healthcare expenditure, global diabetic population, increase in chronic
kidney diseases, global ageing population and increased use of headphones.
3
The global hearing aid market accounted for US$....
billion in the year 2015 and is expected to increase to
US$.... billion by 2020.
As of 2015, the hearing devices formed the largest
share in the revenue with …% share which is estimated
to reach ….% by 2020.
Cochlear implant occupied ….% share and is expected
to reach ….% by 2020. Bone conduction systems and
diagnostic instruments formed …% and …..% share
respectively in 2015.
Global Hearing Aid Market by Segment (2015)
Global Hearing Aid Market by Value (2015-2020)
Global Hearing Aid Market by Volume (2010-2015)
Global Hearing Aid Market (Devices & Cochlear Implants): Industry Analysis
& Outlook (2016-2020)
2015 2016 2017 2018 2019 2020
US$Billion
Hearing Devices Cochlear Implant
Bone Conduction System Diagnostic Instruments 2010 2011 2012 2013 2014 2015
MillionUnits
4. Growth in Cochlear implant segment, wireless hearing aid and next generation rechargeable hearing aid
are the latest trends in the industry.
4
It is expected that the volume of hearing aids will
increase in the near future and is estimated to reach ….
million units by 2020.
The global hearing aid market has got the ….. presence
in ……… region with …. million units of hearing aid sold
in 2015 increasing from …. million units in 2014
followed by …….. with …. million units in 2015 increasing
from ….. million units in 2014
The cochlear implant market was US$..... million in the
year 2015 increasing from US$...... million in the year
2014.
Global Hearing Aid Market by Region (2010-2015)
Global Hearing Aid Market by Volume (2016-2020)
Global Cochlear Implant Market by Value (2009-2015)
Global Hearing Aid Market (Devices & Cochlear Implants): Industry Analysis
& Outlook (2016-2020)
2016 2017 2018 2019 2020
MillionUnits
2010 2011 2012 2013 2014 2015
MillionUnits
EMEA APAC ROW
2009 2010 2011 2012 2013 2014 2015
US$Million
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5
Disclaimer
Global Hearing Aid Market (Devices & Cochlear Implants): Industry Analysis
& Outlook (2016-2020)