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Asia-Pacific Hearing Aid Market Outlook, 2028

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    Report

  • 93 Pages
  • November 2023
  • Region: Asia Pacific
  • Bonafide Research
  • ID: 5918005
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Asia Pacific is the third largest region in the global hearing aids market. Riding penetration of hearing devices among the patient population suffering from hearing loss or hearing impairment coupled with rising efforts of the key players operating in the market to introduce advanced products for the hearing aids users are some of the prominent factors contributing to the growth of the market in the region. According to the World Health Organization (WHO), 401 million people in the WHO region of South-East Asia have some degree of hearing loss. The Asia-Pacific region is experiencing significant demographic changes, with a rapidly aging population. As people age, the prevalence of hearing loss tends to increase, driving the demand for hearing aids. Efforts to raise awareness about hearing health and the availability of hearing aids have gained traction.

Educational programs, both online and offline contribute to a better understanding of the importance of addressing hearing loss, thereby driving the demand for hearing aids. Some governments in the Asia-Pacific region have initiated programs to address hearing health. This includes awareness campaigns, subsidies for hearing aids, and policies aimed at improving accessibility to hearing healthcare services. Economic growth in certain countries within the Asia-Pacific region has led to an increase in disposable income. As individuals have greater financial resources, they are more likely to invest in healthcare, including hearing aids. Urbanization and changes in lifestyle contribute to an increased risk of exposure to environmental noise, which can lead to hearing loss.

As urbanization progresses, the demand for hearing aids may rise due to the impact of these lifestyle changes Collaborations between public and private sectors in healthcare contribute to the development of comprehensive hearing health programs. Public-private partnerships can enhance accessibility to hearing healthcare services, including the provision of hearing aids and related interventions.

According to the research report,"Asia-Pacific Hearing Aids Market Outlook, 2028,", the Hearing Aids market is anticipated to grow at above 7% CAGR by 2023-28. Continuous advancements in hearing aid technology, including digital signal processing, Bluetooth connectivity, and artificial intelligence, enhance performance and user experience. Connectivity with smart devices remains a major trend, allowing users more control and convenience. The adoption of telehealth services for audiology consultations, remote fittings, and adjustments has surged, providing increased accessibility to hearing healthcare, especially in regions with geographical challenges. Hearing aids with data connectivity enable remote monitoring by healthcare professionals. Real-time monitoring and adjustments contribute to a more personalized and efficient hearing aid experience. There's a growing emphasis on developing hearing aid solutions specifically tailored for children.

Pediatric hearing aids are designed to be child-friendly, durable, and equipped with features that support the unique needs of young users. Recognizing the impact of hearing loss on mental health, there's a trend toward holistic approaches that address both hearing health and mental well-being. Hearing aids are positioned as tools not only for improved communication but also for enhancing overall quality of life. The integration of hearing aids with smart city initiatives and the Internet of Things (IoT) is a growing trend. This includes features that enhance communication and interaction in urban environments with IoT infrastructure. Hearing aids are incorporating advanced voice recognition and natural language processing capabilities. This allows for improved speech understanding and interaction with digital assistants, enhancing the overall functionality of the devices.

According to the report the market is divided into China, Japan, India, Australia and South Korea. China is a key player in the Asia-Pacific hearing aids market and is often considered one of the leading markets globally. The country's large population, rising middle class, and increasing awareness of hearing health contribute to its prominence. Economic stability and increasing disposable income levels in countries like China contribute to the affordability of hearing aids. As people become more financially capable, they are more likely to invest in healthcare, including hearing aids. The World Health Organization (WHO) estimates that 466 million people worldwide have disabling hearing loss. The level of health insurance coverage for hearing aids can impact market dynamics. In some cases, increased insurance coverage may encourage more individuals to seek and afford hearing aids. Furthermore, the level of health insurance coverage for hearing aids can impact market dynamics.

In some cases, increased insurance coverage may encourage more individuals to seek and afford hearing aids. More than 60 million people in India suffer from some form of hearing loss, resulting in a significant need for hearing aids. India is committed to addressing hearing loss and improving the lives of individuals affected by this condition. The country's initiatives to promote early detection provide access to hearing aids, and support hearing healthcare services, along with advancements in hearing aid technology, demonstrate a strong resolve to make a positive impact on the lives of millions of Indians with hearing loss.

The market is segmented into various product categories, such as Behind-the-ear Hearing Aids, Receiver-in-the-ear Hearing Aids, In-the-ear Hearing Aids, Canal Hearing Aids and Other Hearings Aid Devices. BTE hearing aids are known for their versatility and adaptability to a wide range of hearing losses. This flexibility allows them to cater to a broad spectrum of users with varying degrees of hearing impairment, making them a preferred choice. BTE hearing aids are suitable for users across different age groups, from children to adults and seniors. The ability to serve a diverse demographic contributes to the widespread adoption of BTE devices. BTE hearing aids house powerful amplification components behind the ear, which can address severe to profound hearing loss. This makes them particularly effective for individuals with more significant hearing challenges. BTE hearing aids are often considered user-friendly.

The design allows for easy handling, making them accessible to individuals with varying levels of dexterity, including seniors. BTE hearing aids typically have longer battery life compared to some other types. The larger size allows for larger batteries, contributing to increased durability and reduced frequency of battery replacements.

The market's technology segment is split up into digital and analog. Analog hearing aids are often more cost-effective compared to their digital counterparts. In regions where cost is a significant factor influencing purchasing decisions, consumers may opt for analog devices due to their affordability. Analog hearing aids are known for their simplicity and ease of use. Some users, particularly those who may not be comfortable with or reliant on advanced technology, may prefer the straightforward functionality of analog devices. Analog hearing aids are generally known for their durability and long battery life. The simpler technology requires less power, leading to longer battery longevity. This can be appealing to users who prioritize a low-maintenance and durable solution. Analog hearing aids can be effective for individuals with certain types of hearing loss, especially mild to moderate cases.

While digital technology offers more sophisticated features, analog devices may suffice for those with less complex hearing needs. Analog hearing aids often come with basic features such as volume controls and program settings. While not as advanced as digital devices, these features can still meet the needs of individuals with uncomplicated hearing requirements. Based on patient type, Hearing loss in children is a prevalent concern globally, and Asia-Pacific is no exception. Factors such as genetic conditions, infections, and birth complications contribute to the incidence of hearing loss in pediatric populations. The importance of early intervention and diagnosis of hearing loss in children is widely recognized. The Asia-Pacific region may be witnessing increased efforts to identify hearing loss in children at an early age, leading to a growing demand for pediatric hearing aids.

Companies Covered in this report:

WS Audiology A/S, Sonova Holding AG, Starkey Hearing Technologies, GN Store Nord A/S, RION Co., Ltd., Arphi Electronics Private Limited, Amplifon SpA, Bernafon AG, Eartechnic, MED-EL Medical Electronics, Advin Health Care, Cochlear Ltd.

Considered in this report

  • Geography: Asia Pacific
  • Historic year: 2017
  • Base year: 2022
  • Estimated year: 2023
  • Forecast year: 2028

Aspects covered in this report

  • Asia Pacific Hearing Aids market Outlook with its value and forecast along with its segments
  • Country-wise Hearing Aids market analysis
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Country covered in the report:

  • China
  • Japan
  • India
  • Australia
  • South Korea

By Product

  • Behind-the-ear Hearing Aids
  • Receiver-in-the-ear Hearing Aids
  • In-the-ear Hearing Aids
  • Canal Hearing Aids
  • Other Hearings Aid Devices (Bone Conduction Hearing Aids, Implantable Hearing Devices)

By Technology

  • Digital
  • Analogy

By Patient Type

  • Adults
  • Pediatrics

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Hearing Aids industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.


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Table of Contents

1. Executive Summary
2. Research Methodology
2.1. Secondary Research
2.2. Primary Data Collection
2.3. Market Formation & Validation
2.4. Report Writing, Quality Check & Delivery
3. Market Structure
3.1. Market Considerate
3.2. Assumptions
3.3. Limitations
3.4. Abbreviations
3.5. Sources
3.6. Definitions
4. Economic /Demographic Snapshot
5. Global Hearing Aids Market Outlook
5.1. Market Size By Value
5.2. Market Share By Region
5.3. Market Size and Forecast, By Product
5.4. Market Size and Forecast, By Technology
5.5. Market Size and Forecast, By Patient Type
5.6. Market Size and Forecast, By Type of Hearing Loss
6. Asia-Pacific Hearing Aids Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By Product
6.4. Market Size and Forecast, By Technology
6.5. Market Size and Forecast, By Patient Type
7. Market Dynamics
7.1. Market Drivers & Opportunities
7.2. Market Restraints & Challenges
7.3. Market Trends
7.4. COVID-19 Effect
7.5. Supply chain Analysis
7.6. Policy & Regulatory Framework
7.7. Industry Experts Views
7.8. China Hearing Aids Market Outlook
7.8.1. Market Size By Value
7.8.2. Market Size and Forecast By Product
7.8.3. Market Size and Forecast By Technology
7.8.4. Market Size and Forecast By Patient Type
7.9. Japan Hearing Aids Market Outlook
7.9.1. Market Size By Value
7.9.2. Market Size and Forecast By Product
7.9.3. Market Size and Forecast By Technology
7.9.4. Market Size and Forecast By Patient Type
7.10. India Hearing Aids Market Outlook
7.10.1. Market Size By Value
7.10.2. Market Size and Forecast By Product
7.10.3. Market Size and Forecast By Technology
7.10.4. Market Size and Forecast By Patient Type
7.11. Australia Hearing Aids Market Outlook
7.11.1. Market Size By Value
7.11.2. Market Size and Forecast By Product
7.11.3. Market Size and Forecast By Technology
7.11.4. Market Size and Forecast By Patient Type
7.12. South Korea Hearing Aids Market Outlook
7.12.1. Market Size By Value
7.12.2. Market Size and Forecast By Product
7.12.3. Market Size and Forecast By Technology
7.12.4. Market Size and Forecast By Patient Type
8. Competitive Landscape
8.1. Competitive Dashboard
8.2. Business Strategies Adopted by Key Players
8.3. Key Players Market Positioning Matrix
8.4. Porter's Five Forces
8.5. Company Profile
8.5.1. WS Audiology A/S
8.5.1.1. Company Snapshot
8.5.1.2. Company Overview
8.5.1.3. Financial Highlights
8.5.1.4. Geographic Insights
8.5.1.5. Business Segment & Performance
8.5.1.6. Product Portfolio
8.5.1.7. Key Executives
8.5.1.8. Strategic Moves & Developments
8.5.2. Sonova Holding AG
8.5.3. Starkey Hearing Technologies
8.5.4. GN Store Nord A/S
8.5.5. RION Co., Ltd.
8.5.6. Arphi Electronics Private Limited
8.5.7. Beltone Group
8.5.8. Bernafon AG
8.5.9. Eartechnic
8.5.10. MED-EL Medical Electronics
8.5.11. Advin Health Care
8.5.12. Cochlear Ltd.
9. Strategic Recommendations
10. Annexure
10.1. FAQs
10.2. Notes
10.3. Related Reports
11. Disclaimer
List of Figures
Figure 1: Global Hearing Aids Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global Hearing Aids Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global Hearing Aids Market Share By Region (2022)
Figure 6: Asia-Pacific Hearing Aids Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: Asia-Pacific Hearing Aids Market Share By Country (2022)
Figure 8: China Hearing Aids Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: Japan Hearing Aids Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: India Hearing Aids Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Australia Hearing Aids Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 12: South Korea Hearing Aids Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 13: Competitive Dashboard of top 5 players, 2022
Figure 14: Porter's Five Forces of Global Hearing Aids Market
List of Tables
Table 1: Global Hearing Aids Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2020
Table 3: Economic Snapshot of Other Prominent Countries 2020
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Hearing Aids Market Size and Forecast, By Product (2017 to 2028F) (In USD Billion)
Table 6: Global Hearing Aids Market Size and Forecast, By Technology (2017 to 2028F) (In USD Billion)
Table 7: Global Hearing Aids Market Size and Forecast, By Patient Type (2017 to 2028F) (In USD Billion)
Table 8: Global Hearing Aids Market Size and Forecast, By Type of Hearing Loss (2017 to 2028F) (In USD Billion)
Table 9: Asia-Pacific Hearing Aids Market Size and Forecast, By Product (2017 to 2028F) (In USD Billion)
Table 10: Asia-Pacific Hearing Aids Market Size and Forecast, By Technology (2017 to 2028F) (In USD Billion)
Table 11: Asia-Pacific Hearing Aids Market Size and Forecast, By Patient Type (2017 to 2028F) (In USD Billion)
Table 12: Influencing Factors for Hearing Aids Market, 2022
Table 13: China Hearing Aids Market Size and Forecast By Product (2017 to 2028F) (In USD Billion)
Table 14: China Hearing Aids Market Size and Forecast By Technology (2017 to 2028F) (In USD Billion)
Table 15: China Hearing Aids Market Size and Forecast By Patient Type (2017 to 2028F) (In USD Billion)
Table 16: Japan Hearing Aids Market Size and Forecast By Product (2017 to 2028F) (In USD Billion)
Table 17: Japan Hearing Aids Market Size and Forecast By Technology (2017 to 2028F) (In USD Billion)
Table 18: Japan Hearing Aids Market Size and Forecast By Patient Type (2017 to 2028F) (In USD Billion)
Table 19: India Hearing Aids Market Size and Forecast By Product (2017 to 2028F) (In USD Billion)
Table 20: India Hearing Aids Market Size and Forecast By Technology (2017 to 2028F) (In USD Billion)
Table 21: India Hearing Aids Market Size and Forecast By Patient Type (2017 to 2028F) (In USD Billion)
Table 22: Australia Hearing Aids Market Size and Forecast By Product (2017 to 2028F) (In USD Billion)
Table 23: Australia Hearing Aids Market Size and Forecast By Technology (2017 to 2028F) (In USD Billion)
Table 24: Australia Hearing Aids Market Size and Forecast By Patient Type (2017 to 2028F) (In USD Billion)
Table 25: South Korea Hearing Aids Market Size and Forecast By Product (2017 to 2028F) (In USD Billion)
Table 26: South Korea Hearing Aids Market Size and Forecast By Technology (2017 to 2028F) (In USD Billion)
Table 27: South Korea Hearing Aids Market Size and Forecast By Patient Type (2017 to 2028F) (In USD Billion)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • WS Audiology A/S
  • Sonova Holding AG
  • Starkey Hearing Technologies
  • GN Store Nord A/S
  • RION Co., Ltd.
  • Arphi Electronics Private Limited
  • Beltone Group
  • Bernafon AG
  • Eartechnic
  • MED-EL Medical Electronics
  • Advin Health Care
  • Cochlear Ltd.