Question 1

Why is the demand for behind-the-ear (BTE) hearing aids growing?

Accepted Answer

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.

Question 2

How big is the hearing aids industry?

Accepted Answer

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.

Question 3

What is the size of the North America hearing aids market?

Accepted Answer

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.

Question 4

Who are the key leaders in the hearing aids industry?

Accepted Answer

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.

Hearing Aids Market - By Product (Behind-the-Ear (BTE), Completely-in-the-Canal/ Invisible-in-Canal (CIC/IIC), In-the-Canal (ITC), In-the-Ear (ITE), Receiver in the ear/Receiver in Canal (RITE/RIC)), By Patient (Adult, Pediatric) – Global Forecast 2024 – 2032

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