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Hearing Amplifiers Market Size - By Product (ITE/ITC, BTE), By Technology (Analog, Digital), By Distribution Channel (Retail Stores, e-commerce), Industry Analysis Report, Country Outlook, Growth Potential, Application Potential, Competitive Market Share & Forecast, 2024-2032

  • Report ID: GMI672
  • Published Date: Feb 2023
  • Report Format: PDF

Hearing Amplifiers Market Size

Hearing Amplifiers Market size was worth USD 87.1 million in 2023 and is anticipated to expand at 4.8% CAGR from 2024-2032. Rising concerns over hearing loss will accelerate industry growth.

Hearing Amplifiers Market

Rising incidences of hearing loss is expected to have a notable impact on the hearing amplifiers industry dynamics. For instance, as per World Health Organization (WHO) 2021 estimates, more than 5% of the global population, accounting for approximately 466 million, people suffer from hearing loss. It has also been estimated that by 2050, the prevalence of deafness and hearing loss will surpass 2.5 billion. Thus, hearing amplifiers are anticipated to gain substantial momentum with the rising adult patient pool. Moreover, the rapid adoption of advanced assistive technologies, such as cochlear implants and hearing aids along with services including speech therapy, and aural rehabilitation will complement the industry outlook.

Lack of awareness may impede the adoption of hearing amplifiers

Poor awareness and the presence of social stigma associated with certain healthcare services across underdeveloped and developing regions could restrain the hearing amplifiers market expansion. Despite the growing incidence rate, people across certain regions lack the understanding and knowledge of hearing loss and associated treatments due to inaccessibility and affordability issues. Economies devoid of robust healthcare infrastructure, relevant legislative framework, skilled audiologists, and standardized screening are hindering the penetration of hearing aids. However, the growing public efforts to launch effective awareness initiatives and government policies to support the use of hearing aids will help overcome the current limitations.

Hearing Amplifiers Market Analysis

Hearing Amplifiers Market, By Product (2023)

Hearing amplifiers market size from the behind-the-ear product segment is anticipated to record 4.3% CAGR between 2023-2032. The surging demand for behind-the-ear (BTE) hearing amplifiers can be attributed to numerous innovative features offered by these devices, such as greater battery life, and multi settings. These technologies are composed of next-generation modalities and allow variations due to their bigger size. Moreover, the increasing availability of over-the-counter (OTC) BTE hearing devices at affordable pricing will positively influence the industry expansion.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for hearing amplifiers was worth USD 87.1 million in 2023 and is expected to expand at 4.8% CAGR from 2024-2032.

Behind-the-ear (BTE) product segment is anticipated to record 4.3% CAGR between 2023-2032 driven by the rising efforts focusing on OTC availability of BTE devices.

North America recorded more than 37% of the hearing amplifiers market share in 2022 owing to the growing prevalence of deafness and hearing loss in the U.S., and Canada.

Beurer GmbH, Sound World Solutions, Otofonix, IntriCon Corporation, MDHearing, Britzgo, and Medline Industries are some of the key companies manufacturing and supplying hearing amplifiers.

Hearing Amplifiers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 365
  • Countries covered: 30
  • Pages: 180
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