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Latin America Hearing Aid Market Research Report – Segmented By Hearing Loss, Product, End-User & By Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, Forecast (2022 to 2027)

Published: January, 2022
ID: 3637
Pages: 145

Latin America Hearing Aid Market Size (2022 to 2027)

The Latin American Hearing Aid Market is predicted to value USD 1.56 billion by 2027 from USD 1.12 billion in 2020, registering a CAGR of 6.8% from 2022 to 2027.

In addition to the common factors such as increasing incidences, the development of the market for hearing aids in Latin America is also influenced by variables such as increased levels of noise pollution, high decibel exposure, and digital enhancement of hearing aids. Globally, rapidly growing noise pollution has had a significant impact on adult hearing ability. With public carnivals, noise emissions in heavy-duty industries are likely to harm adult hearing capacity, resulting in increased demand for hearing aids.

Low socioeconomic conditions and geographical disparate delay the overall development of healthcare hearing throughout the country. Current short-term awareness campaigns and the relatively small number of organizations and government agencies programs are inadequate to increase adoption rates.

As a result of noisy drilling and dismantling jobs, demand for hearing aids is also increased among construction workers. The latest factor contributing to the growth of improved hearing aids is the inclusion of headphones, Bluetooth, noise cancellation, and several other electronic features to current hearing devices. These technological advances have added additional features to the demand for expensive hearing aids.

This report on the Latin America Hearing Aid market has been segmented and sub-segmented the 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: 

  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Rest of Latin America

Regionally, Latin America has substantial market demand for hearing aids, accounting for almost twice the U.S. population and seeing a rise in the over-65 population. According to the World Health Organization reports across Latin America, impaired hearing loss affects 4% to 6%. In comparison, rates in North American and European countries vary from 2% to 4%.

Across Latin America, about 32 million people are suffering from moderate to a severe loss of hearing, accounting for about 9 percent of the total hearing impaired population in the world. Countries like Brazil, have initiated a public health care program that offers free hearing healthcare services, comprising diagnosis, treatment, delivery of hearing aids, and rehabilitation, to address this problem. Therefore, Brazil is anticipated to be one of the most important markets for hearing aids in Latin America accounting for about 50% share of the total market.

Next to Brazil, Argentina, followed by Mexico, are anticipated to account for a significant market share during the forecast period.

Key companies participating in the Latin America 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. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Product
      1. Introduction     
      2. Hearing AID Devices     
        1. Receiver-In-The-Ear (RITE) Hearing AIDS               
        2. Behind-The-Ear (BTE) Hearing AIDS      
        3. Canal Hearing AIDS      
        4. In-The-Ear (ITE) Hearing AIDS  
        5. Other Hearing AIDS     
      3. Hearing Implants              
        1. Cochlear Implants        
        2. Bone-Anchored Systems          
      4. Y-o-Y Growth Analysis, By Product       
      5. Market Attractiveness Analysis, By Product     
      6. Market Share Analysis, By Product
    2. By Type of Hearing Loss        
      1. Introduction     
      2. Sensorineural Hearing Loss       
      3. Conductive Hearing Loss               
      4. Y-o-Y Growth Analysis, By Type of Hearing Loss
      5. Market Attractiveness Analysis, By Type of Hearing Loss                
      6. Market Share Analysis, By Type of Hearing Loss              
    3. By End User
      1. Introduction    
      2. Adults
      3. Pediatrics             
      4. Y-o-Y Growth Analysis, By End User      
      5. Market Attractiveness Analysis, By End User   
      6. Market Share Analysis, By End User  
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
      4. Market Attractiveness Analysis      
      5.      Market Share Analysis   
    2. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Sonova Holding Ag
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. William Demant Holding A/S         
    3. GN Store Nord A/S           
    4. Cochlear Limited
    5. Sivantos Pte. Ltd.
    6. Starkey Hearing Technologies, Inc.            
    7. Widex     
    8. Med-El   
    9. Zounds Hearing, Inc.         
    10. Sebotek Hearing Systems, Llc     
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  1. Latin America Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  2. Latin America Hearing Aid Devices Market, By Region, From 2022 - 2027 (USD Billion)
  3. Latin America Hearing Implants Market, By Region, From 2022 - 2027 (USD Billion)
  4. Latin America Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  5. Latin America Sensorineural Market, By Region, From 2022 - 2027 (USD Billion)
  6. Latin America Conductive Market, By Region, From 2022 - 2027 (USD Billion)
  7. Latin America Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)
  8. Latin America Adult Market, By Region, From 2022 - 2027 (USD Billion)
  9. Latin America Pediatric Market, By Region, From 2022 - 2027 (USD Billion)
  10. Brazil Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  11. Brazil Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  12. Brazil Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)
  13. Argentina Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  14. Argentina Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  15. Argentina Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)
  16. Mexico Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  17. Mexico Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  18. Mexico Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)
  19. Rest of Latin America Hearing Aid Market, By Products, From 2022 - 2027 (USD Billion)
  20. Rest of Latin America Hearing Aid Market, By Type of Hearing Loss, From 2022 - 2027 (USD Billion)
  21. Rest of Latin America Hearing Aid Market, By End-user, From 2022 - 2027 (USD Billion)

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