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U.S. Hearing Aid Market Size, Share, Trends, COVID-19 Impact & Growth Forecast – Segmented By Hearing Loss, Product, End-User and Country – Analysis Report (2022 to 2027)

Published: January, 2022
ID: 10109
Pages: 100
Formats: report pdf report excel report power bi report ppt

U.S. Hearing Aid Market Size (2022 to 2027)

The Hearing Aid market size in the United States is expected to rise at a CAGR of 8.1% from 2022 to 2027.

A hearing aid is a small amplifying device that fits the ear and helps in auditory functions. A partially deaf person wears this. It is inserted to improve one's hearing function by making a sound audible to a hearing loss.

In the United States, hearing aid unit sales topped in 2019 with an account of 4.23 million. Early screening for deafness and hearing-impaired issues is detected early in developed countries. It is encouraged by the United States government and general healthcare service. 

The senior population's rise has also been a significant concern and improved market growth as many old-aged people lost hearing time. The rapid development is seen in this market owing to its increased health care and economy. A recent technological and tools development led to the production of newer devices with various materials that have become an attraction in the market. Increased awareness about health among the population plays an essential role in the growth of healthcare and the economy, and the demand for hearing aid devices. 

In the United States, the hearing aid act was signed by Donald Trump. This hearing aid act involves the availability of over-the-counter hearing aids. Vendors and distributors chose e-commerce channels to develop their revenue, which plays a significant role in the hearing aid market's growth. These E-commerce websites also increase the availability of hearing aid devices in the market. 

Patient compliance is the primary back point for devices. The satisfactory results were not observed for the application of hearing aid devices. For instance, the majority of the senior population on their own cannot restart or insert the hearing aid device properly, and each time, they have to rely on someone. There are issues such as battery-related concerns in most hearing aid devices. In many cases, hearing aid working has been a significant concern, such as loop settings and microphone settings. 

COVID-19 Impact on the U.S. hearing aid market:

Looking at the pandemic outbreak, COVID 19 showed negative impacts on every other market and hearing aid market. The government healthcare funds and schemes were focused and shifted to COVID relief funds and COVID management. The vendors and distributors during the COVID phase are approaching advertising platforms and E-commerce websites. However, the platforms made sales easy and created awareness of the availability of hearing aid devices. Due to stringent lockdown regulations, the distribution of these devices in medical channels, hospitals, and pharmacies is reduced. 

This research report on the U.S. hearing aid market has been segmented & sub-segmented into the following categories:

By Product:

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

By Hearing Loss:

  • Sensorineural
  • Conductive

By End User:

  • Adults
  • Pediatrics

By Country:

  • The United States

Geographically, The United States hearing aid market is expected to dominate the global market during the forecast period due to its significant population (senior) and its vast infrastructure and healthcare services. The numbers of people aging between 50 to 65 are more in the USA and are expected to reach 60 million by 2060. The availability of hearing aid devices over the counter and easy application coupled up the growth. With its largest healthcare economy, the United States government created awareness among people about being healthy and detecting hearing loss and deafness-related issues. 

KEY MARKET PLAYERS:

Companies playing a leading role in the U.S. hearing aid market covered in this report are GN Store Nord A/S, Cochlear Limited, MED-EL, SeboTek Hearing Systems, Starkey Hearing Technologies, Inc., Widex, William Demant Holding A/S, and Zounds Hearing, Inc. (U.S.).

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