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Asia Pacific Hearing Aid Market Research Report – Segmented By Hearing Loss, Product, End-User & By Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis, Size, Share, Growth, Trends, Forecast (2022 to 2027)

Published: January, 2022
ID: 3636
Pages: 145

APAC Hearing Aid Market Size (2022 to 2027)

The size of the Asia Pacific Hearing Aid Market is estimated to worth USD 2.18 billion by 2027 from USD 1.52 billion in 2022, growing at a CAGR of 7.5% from 2022 to 2027.

The rising geriatric population is the key driving factor for the market to grow. A growing number of patients suffering from hearing loss problems are promoting the growth rate of the market. Increasing disposable income in many areas is also escalating the demand of the market. Rising awareness over the availability of smart devices is expanding the growth rate of this market. In addition, the growing scale of healthcare centres is lavishing the demand of the Hearing Aid Market in the Asia Pacific. The market is also fueled by increasing focus on improving the treatment procedures. 

However, frequent changes in technology are considered to be a challenging factor for the market to grow. Some of the advanced hearing aids cost very high and cannot be affordable by the middle-class family. This is straightly hindering the growth rate of the market. One more factor impeding the demand of the market is the low penetration of hearing aids devices. Stringent rules and regulations by the government limit the growth rate of the Asia Pacific Hearing Aid Market. 

Hearing loss problems are increasing day by day in infants due to several complications is anticipated to present growth opportunities for the market in the Asia Pacific. Also, growing complications in pregnant women are elevating the growth rate of the Hearing Aid Market in the Asia Pacific. IT sector is another important attribute for the market to grow as it is delivering a number of products with various features. Increasing hearing loss people due to growing noise pollution and other reasons is expanding the shares of the Asia Pacific Hearing Aid Market. Growing prevalence to develop new devices and to reduce the high-frequency hearing loss in patients is leveraging the demand of the Asia Pacific Hearing Aid Market.

Furthermore, the launch of innovative devices with advanced technology is accelerating the growth rate of this market. 

This report on the APAC hearing aid market has been segmented and sub-segmented market into the following categories:

By Hearing Loss: 

  • Sensorineural
  • Conductive

By Product: 

  • In-The-Ear
  • Canal Hearing Aids
  • Receiver-In-The-Ear
  • Behind-The-Ear
  • Cochlear Implants
  • Bone Anchored Systems

By End-User: 

  • Adults
  • Pediatrics

By Country: 

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Regionally, the market in the Asia Pacific is growing steadily from the past few years and is expected to have the highest shares in the coming years. India and China are among the major countries contributing the highest shares for the market growth. Increasing population and growing capital income are two main factors leveling up the demand of the Hearing Aid Market in these regions. Japan and the rest of APAC are anticipated to have a significant growth rate in the forecast period. The emergence of advanced technology and increasing focus to develop innovative products are boosting up the demand of the market.

KEY MARKET PLAYERS:

Some of the notable companies operating in the APAC Hearing Aid Market profiled in this report are GN Store Nord A/S (Denmark), Cochlear Limited (Australia), MED-EL (Austria), SeboTek Hearing Systems, Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), and Zounds Hearing, Inc. (U.S.).

1. Introduction         

      1.1 Market Definition  

      1.2 Study Deliverables

      1.3 Base Currency, Base Year and Forecast Periods  

      1.4 General Study Assumptions        

2. Research Methodology         

      2.1 Introduction       

      2.2 Research Phases    

  2.2.1 Secondary Research   

  2.2.2 Primary Research   

  2.2.3 Econometric Modelling        

  2.2.4 Expert Validation    

      2.3 Analysis Design 

      2.4 Study Timeline  

3. Overview     

      3.1 Executive Summary        

      3.2 Key Inferences 

      3.3 Epidemology      

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)  

      4.1 Market Drivers  

      4.2 Market Restraints  

      4.3 Key Challenges 

      4.4 Current Opportunities in the Market      

5. Market Segmentation  

      5.1 Product

  5.1.1 Introduction   

  5.1.2 Hearing AID Devices    

        5.1.2.1 Receiver-In-The-Ear (RITE) Hearing AIDS      

        5.2.2.2 Behind-The-Ear (BTE) Hearing AIDS      

        5.2.2.3 Canal Hearing AIDS      

        5.2.2.4 In-The-Ear (ITE) Hearing AIDS  

        5.2.2.5 Other Hearing AIDS     

  5.1.3 Hearing Implants    

        5.1.3.1 Cochlear Implants        

        5.1.3.2 Bone-Anchored Systems

  5.1.4  Y-o-Y Growth Analysis, By Product      

  5.1.5  Market Attractiveness Analysis, By Product    

  5.1.6  Market Share Analysis, By Product      

      5.2 Type of Hearing Loss      

  5.2.1 Introduction   

  5.2.2 Sensorineural Hearing Loss      

  5.2.3 Conductive Hearing Loss     

  5.2.4 Y-o-Y Growth Analysis, By Type of Hearing Loss        

  5.2.5 Market Attractiveness Analysis, By Type of Hearing Loss      

  5.2.6 Market Share Analysis, By Type of Hearing Loss       

      5.3 End User    

  5.3.1 Introduction   

  5.3.2 Adults         

  5.3.3 Pediatrics   

  5.3.4 Y-o-Y Growth Analysis, By End User     

  5.3.5  Market Attractiveness Analysis, By End User  

  5.3.6  Market Share Analysis, By End User    

6. Geographical Analysis  

      6.1 Introduction       

  6.1.1 Regional Trends      

  6.1.2 Impact Analysis       

  6.1.3 Y-o-Y Growth Analysis

        6.1.3.1 By Geographical Area 

        6.1.3.2 By Product       

        6.1.3.3 By Type of Hearing Loss       

        6.1.3.4 By End User    

  6.1.4  Market Attractiveness Analysis       

        6.1.4.1 By Geographical Area 

        6.1.4.2 By Product       

        6.1.4.3 By Type of Hearing Loss       

        6.1.4.4 By End User    

  6.1.5  Market Share Analysis        

        6.1.5.1 By Geographical Area 

        6.1.5.2 By Product       

        6.1.5.3 By Type of Hearing Loss       

        6.1.5.4 By End User    

      6.2 China     

      6.3 India      

      6.4 Japan    

      6.5 South Korea       

      6.6 Australia    

7. Strategic Analysis     

      7.1 PESTLE analysis 

  7.1.1 Political       

  7.1.2 Economic   

  7.1.3 Social 

  7.1.4 Technological 

  7.1.5 Legal  

  7.1.6 Environmental         

      7.2 Porter’s Five analysis      

  7.2.1 Bargaining Power of Suppliers

  7.2.2 Bargaining Power of Consumers      

  7.2.3 Threat of New Entrants       

  7.2.4 Threat of Substitute Products and Services      

  7.2.5 Competitive Rivalry within the Industry       

8. Market Leaders' Analysis      

      8.1 Sonova Holding Ag          

  8.1.1 Overview   

  8.1.2 Product Analysis     

  8.1.3 Financial analysis    

  8.1.4 Recent Developments         

  8.1.5 SWOT analysis         

  8.1.6 Analyst View  

      8.2 William Demant Holding A/S       

      8.3 GN Store Nord A/S

      8.4 Cochlear Limited    

      8.5 Sivantos Pte. Ltd.   

      8.6 Starkey Hearing Technologies, Inc. 

      8.7 Widex   

      8.8 Med-El 

      8.9 Zounds Hearing, Inc.       

      8.10 Sebotek Hearing Systems, Llc   

9. Competitive Landscape         

      9.1 Market share analysis    

      9.2 Merger and Acquisition Analysis     

      9.3 Agreements, collaborations and Joint Ventures 

      9.4 New Product Launches 

10. Market Outlook and Investment Opportunities       

Appendix         

      a) List of Tables        

      b) List of Figures      

  1. Asia Pacific Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  2. Asia Pacific Hearing Aid Devices Market, By Region, From 2022 - 2027 (USD Billion)
  3. Asia Pacific Hearing Implants Market, By Region, From 2022 - 2027 (USD Billion)
  4. Asia Pacific Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  5. Asia Pacific Sensorineural Market, By Region, From 2022 - 2027 (USD Billion)
  6. Asia Pacific Conductive Market, By Region, From 2022 - 2027 (USD Billion)
  7. Asia Pacific Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)
  8. Asia Pacific Adult Market, By Region, From 2022 - 2027 (USD Billion)
  9. Asia Pacific Pediatric Market, By Region, From 2022 - 2027 (USD Billion)
  10. Japan Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  11. Japan Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  12. Japan Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)
  13. China Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  14. China Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  15. China Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)
  16. India Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  17. India Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  18. India Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)
  19. Australia Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  20. Australia Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  21. Australia Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)
  22. South Korea Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  23. South Korea Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  24. South Korea Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)

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