Home > Healthcare > Medical Devices > Therapeutic Devices > Hearing Amplifiers Market
Hearing Amplifiers Market Size
- 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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Hearing Amplifiers Market Size in 2023: | USD 87.1 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.8% |
| 2032 Value Projection: | USD 133.6 Million |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 365 |
| Segments covered: | Product, Technology, Distribution Channel, and Region. |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Hearing Amplifiers Market Scope
