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Hearing Aids Market Share

Report ID: GMI5082
Published Date: Jul 2024
Report Format: PDF

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Hearing Aids Market Share

The hearing aids industry is characterized by the presence of several established and emerging players that offer a variety of products across the globe. The market players compete based on factors such as product quality, innovation, regulatory compliance, customer service, and pricing strategies.

Hearing Aids Market Companies

Prominent players operating in the hearing aids industry include:

Audina Hearing Instruments
Demant A/S
Ear Technology Corporation
GN Store Nord A/S
RION Co. Ltd
Sebotek Hearing Systems
Sonova Holding AG
Starkey
WS Audiology
ZOUNDS Hearing

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Hearing aids market size was USD 7.8 billion in 2023 and is expected to register 5.3% CAGR from 2024-2032 owing to the increase in the prevalence of hearing loss, rising geriatric population, and facilitative government initiatives worldwide.

Hearing aids industry from the behind-the-ear (BTE) segment held 34.7% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their versatility and ability to cater to a wide range of hearing loss levels, from mild to profound.

North America hearing aids industry is expected to register 3.8% CAGR from 2024-2032 due to high prevalence of hearing loss among its aging population and increased awareness of hearing health in the region.

Audina Hearing Instruments, Demant A/S, Ear Technology Corporation, GN Store Nord A/S, RION Co. Ltd, Sebotek Hearing Systems, Sonova Holding AG, Starkey, WS Audiology, and ZOUNDS Hearing, are some of the major hearing aids companies worldwide.