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Pulished Date February, 2020
ID: 3636
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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 (2020 to 2025)

Pulished: February, 2020
ID: 3636
Pages: 145

The size of the Asia Pacific Hearing Aid Market is estimated to value USD 1.41 billion in 2020 and is expected to grow at a CAGR of 7.5% to reach USD 2.03 billion by 2025 during the forecast period. It captures 20% of the global market share. 

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 are limiting 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 segmented and sub-segmented the market into the following categories:

  • By Hearing Loss: Sensorineural and Conductive
  • By Product: In-The-Ear, Canal Hearing Aids, Receiver-In-The-Ear, Behind-The-Ear, Cochlear Implants and Bone Anchored Systems
  • By End-User: Adults and Paediatrics
  • By Country: India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and 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.

Promising 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      

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Hearing Loss, product and end user along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the asia pacific market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Hearing Aid Market By Products, From 2020 to 2025 ( USD Billion )
  2. Asia Pacific Hearing Aid Devices Market By Region, From 2020 to 2025 ( USD Billion )
  3. Asia Pacific Hearing Implants Market By Region, From 2020 to 2025 ( USD Billion )
  4. Asia Pacific Hearing Aid Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  5. Asia Pacific Sensorineural Market By Region, From 2020 to 2025 ( USD Billion )
  6. Asia Pacific Conductive Market By Region, From 2020 to 2025 ( USD Billion )
  7. Asia Pacific Hearing Aid Market By End-user, From 2020 to 2025 ( USD Billion )
  8. Asia Pacific Adult Market By Region, From 2020 to 2025 ( USD Billion )
  9. Asia Pacific Pediatric Market By Region, From 2020 to 2025 ( USD Billion )
  10. Japan Hearing Aid Market By Products, From 2020 to 2025 ( USD Billion )
  11. Japan Hearing Aid Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  12. Japan Hearing Aid Market By End-user, From 2020 to 2025 ( USD Billion )
  13. China Hearing Aid Market By Products, From 2020 to 2025 ( USD Billion )
  14. China Hearing Aid Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  15. China Hearing Aid Market By End-user, From 2020 to 2025 ( USD Billion )
  16. India Hearing Aid Market By Products, From 2020 to 2025 ( USD Billion )
  17. India Hearing Aid Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  18. India Hearing Aid Market By End-user, From 2020 to 2025 ( USD Billion )
  19. Australia Hearing Aid Market By Products, From 2020 to 2025 ( USD Billion )
  20. Australia Hearing Aid Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  21. Australia Hearing Aid Market By End-user, From 2020 to 2025 ( USD Billion )
  22. South Korea Hearing Aid Market By Products, From 2020 to 2025 ( USD Billion )
  23. South Korea Hearing Aid Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  24. South Korea Hearing Aid Market By End-user, From 2020 to 2025 ( USD Billion )

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