The global hearing amplifiers market was valued at $80.66 million in 2020, and is projected to reach $123.81 million by 2030, registering a CAGR of 4.5% from 2021 to 2030.
Hearing amplifiers or personal sound amplification products (PSAPs), are wearable devices that use a microphone to pick up nearby sounds. They then process this sound and deliver it to a person’s ear at a louder volume. They amplify sound waves for those who have normal hearing, or hearing thresholds of 20 dB or better in both ears. Unlike hearing aids, hearing amplifiers are not personalized for each user or clinically prescribed, but offer a number of customization settings and potential mobile app integration.
A person does not need a prescription to purchase a hearing amplifier. However, manufacturers do not make these devices for people with hearing loss. Instead, people can use hearing amplifiers to hear certain sounds more clearly, such as while hunting or bird watching. Hearing amplifiers are affordable, and can help in mild cases.
Rising geriatric population, increasing incidences of hearing impairments creating a patient pool, availability of affordable hearing amplifiers are the factors contributing to the market growth. The advancements in the medical field and reduction in the cost of treatments along with use of various customizable hearing amplifier devices as per consumer needs would further surge the demand for these devices in the market. Adults in age group of 70 years and above that is 30 million Americans have reported for significant hearing loss. Recent customizations in hearing amplifiers owing to elder population consumer base improve hearing and makes sound louder and more audible by reducing disturbing external voices. WHO stated that approximately 466 million people in 2018, have hearing loss globally and majority of these people fall in the age group of 50 years and above. Therefore, increasing geriatric population would contribute to rise in the market for hearing amplifiers. Presbycusis, or age-related hearing loss, comes on gradually as a person gets older. It seems to run in families and may occur because of changes in the inner ear and auditory nerve. Presbycusis makes it hard for a person to tolerate loud sounds or to hear what others are saying. Age-related hearing loss usually occurs in both ears, affecting them equally. The loss is gradual, so someone with presbycusis may not realize that he or she has lost some of his or her ability to hear. These factors are expected to propel the growth of the hearing amplifiers market.
Recent developments in hearing amplifiers have enabled several user friendly features providing innovative solutions and better applicability. As the level of technology is increasing, the digital hearing amplifiers are becoming more automatic and have more features to help the patients in communicating during difficult listening situations. New technologies translate to higher price points for hearing aids and greater benefits. New additional features include, improved frequency response, use of artificial intelligence, upgrade in the basic hearing amplifiers and wireless hearing amplifiers
The hearing amplifiers usually come in a one size fits all design. Hearing amplifiers work by amplifying every sound without differentiation. As such, they can’t crystalize nearby sounds or isolate specific sound frequencies. Hearing amplifiers can help people without hearing loss hear faraway sounds more easily. They may also be a good first step to hearing aids for some people with mild hearing loss. Hearing amplifiers are good for quieter environments where people want to increase their hearing range or extent, and less great in crowded, noisy areas like restaurants and conferences. Rising prevalence of hearing impairment cases and increasing geriatric population, favorable regulatory scenarios, are foremost factors driving the market growth over the forecast period. Along with this, presence of key players and regular launch of new products that ensure effective care for hearing impaired people are certain aspects that will fuel hearing amplifiers industry growth.
The major companies profiled in the report include Beurer GmbH, Etymotic Research, Inc., Innerscope Hearing Technologies, Inc., IntriCon Corporation, Sound World Solutions, Otofonix Hearing Solutions, MD Hearing Aid, Cochlear Limited, Eargo, Inc., and Starkey Hearing Technologies.
Hearing amplifiers or personal sound amplification products (PSAPs), are wearable devices that use a microphone to pick up nearby sounds. They then process this sound and deliver it to a person’s ear at a louder volume. They amplify sound waves for those who have normal hearing, or hearing thresholds of 20 dB or better in both ears. Unlike hearing aids, hearing amplifiers are not personalized for each user or clinically prescribed, but offer a number of customization settings and potential mobile app integration.
A person does not need a prescription to purchase a hearing amplifier. However, manufacturers do not make these devices for people with hearing loss. Instead, people can use hearing amplifiers to hear certain sounds more clearly, such as while hunting or bird watching. Hearing amplifiers are affordable, and can help in mild cases.
Rising geriatric population, increasing incidences of hearing impairments creating a patient pool, availability of affordable hearing amplifiers are the factors contributing to the market growth. The advancements in the medical field and reduction in the cost of treatments along with use of various customizable hearing amplifier devices as per consumer needs would further surge the demand for these devices in the market. Adults in age group of 70 years and above that is 30 million Americans have reported for significant hearing loss. Recent customizations in hearing amplifiers owing to elder population consumer base improve hearing and makes sound louder and more audible by reducing disturbing external voices. WHO stated that approximately 466 million people in 2018, have hearing loss globally and majority of these people fall in the age group of 50 years and above. Therefore, increasing geriatric population would contribute to rise in the market for hearing amplifiers. Presbycusis, or age-related hearing loss, comes on gradually as a person gets older. It seems to run in families and may occur because of changes in the inner ear and auditory nerve. Presbycusis makes it hard for a person to tolerate loud sounds or to hear what others are saying. Age-related hearing loss usually occurs in both ears, affecting them equally. The loss is gradual, so someone with presbycusis may not realize that he or she has lost some of his or her ability to hear. These factors are expected to propel the growth of the hearing amplifiers market.
Recent developments in hearing amplifiers have enabled several user friendly features providing innovative solutions and better applicability. As the level of technology is increasing, the digital hearing amplifiers are becoming more automatic and have more features to help the patients in communicating during difficult listening situations. New technologies translate to higher price points for hearing aids and greater benefits. New additional features include, improved frequency response, use of artificial intelligence, upgrade in the basic hearing amplifiers and wireless hearing amplifiers
The hearing amplifiers usually come in a one size fits all design. Hearing amplifiers work by amplifying every sound without differentiation. As such, they can’t crystalize nearby sounds or isolate specific sound frequencies. Hearing amplifiers can help people without hearing loss hear faraway sounds more easily. They may also be a good first step to hearing aids for some people with mild hearing loss. Hearing amplifiers are good for quieter environments where people want to increase their hearing range or extent, and less great in crowded, noisy areas like restaurants and conferences. Rising prevalence of hearing impairment cases and increasing geriatric population, favorable regulatory scenarios, are foremost factors driving the market growth over the forecast period. Along with this, presence of key players and regular launch of new products that ensure effective care for hearing impaired people are certain aspects that will fuel hearing amplifiers industry growth.
The major companies profiled in the report include Beurer GmbH, Etymotic Research, Inc., Innerscope Hearing Technologies, Inc., IntriCon Corporation, Sound World Solutions, Otofonix Hearing Solutions, MD Hearing Aid, Cochlear Limited, Eargo, Inc., and Starkey Hearing Technologies.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides in-depth analysis of the global hearing amplifiers market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis on region assists to understand the regional market and facilitate the strategic business planning and determine prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global hearing amplifiers market growth.
KEY MARKET SEGMENTS
By Product
- Behind-the-ear
- In-the-ear
By Type
- Analog Hearing Aids
- Digital Hearing Aids
By Distribution Channel
- Hospital Pharmacies
- Online Pharmacies
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
List of key players profiled in the report:
- Beurer GmbH
- Etymotic Research, Inc.
- Innerscope Hearing Technologies, Inc.
- IntriCon Corporation, Sound World Solutions
- Otofonix Hearing Solutions
- MD Hearing Aid
- Cochlear Limited
- Eargo, Inc.
- Starkey Hearing Technologies
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HEARING AMPLIFIERS MARKET, BY PRODUCT
CHAPTER 5: HEARING AMPLIFIERS MARKET, BY TYPE
CHAPTER 6: HEARING AMPLIFIERS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: HEARING AMPLIFIERS MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Beurer GmbH
- Etymotic Research Inc.
- Innerscope Hearing Technologies Inc.
- IntriCon Corporation
- Sound World Solutions
- Otofonix Hearing Solutions
- MD Hearing Aid
- Cochlear Limited
- Eargo, Inc.
- Starkey Hearing Technologies
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 205 |
| Published | December 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 80.66 million |
| Forecasted Market Value ( USD | $ 123.81 million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
