Deaf-aids are small electronic devices which are worn by individuals with hearing disorders. These devices help in amplifying certain sounds and allows individuals to listen and communicate more efficiently, thereby improving their everyday lives. Digital hearing aids are being increasingly developed by the deaf-aid market participants due to their increased efficiency in the amplification of sound signals. The growing demand for reducing hearing-related disorders through the use of technology, and the rising awareness amongst individuals regarding the availability of deaf-aids is leading to the growth of the global deaf-aid market.
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The COVID-19 pandemic has impacted the lives of billions of individuals across the globe. Patients with hearing disorders are increasingly seeking deaf-aid solutions which can be used from the comfort of their homes. Deaf-aid devices which are capable of sending periodic reports based on the data collected from patients are expected to see higher adoption in the coming years. Through these devices, the healthcare professionals can monitor the auditory health of patients with ease and suggest counter measures without having to visit the healthcare facilities. This is immensely beneficial to the elderly as they are not required to visit the hospital sites, and observe social distancing to prevent the spread of the virus. Hence, the COVID-19 pandemic is expected to have a positive impact on the global deaf-aid market in the coming years.
In terms of revenue, the global deaf-aid market was valued at US$ 6561.25 Mn in 2019 and is anticipated to grow at a CAGR of 6.9% over the forecast period (2020 – 2028).
The detailed research study provides qualitative and quantitative analysis of deaf-aid market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- Hearing aids accounted for the highest share in the global deaf-aid market. The ease of operation of hearing aids, even for children and the elderly, coupled with the development of popularity of miniature hearing aids which are economical, is a major cause for the larger revenue share of hearing aids in the global deaf-aid market.
- Speciality clinics are expected to show a considerable growth during the forecast years in the global deaf-aid market. Clinics which are focussed on the diagnosis and treatment of hearing related illnesses are on the rise, especially in regions like the Asia Pacific and North America.
- North America accounted for the highest market share in the global deaf-aid Market in 2019. The higher awareness amongst the individuals regarding the use of deaf-aid, especially hearing aid, and the rise in geriatric population in the U.S. and Canada is a major reason for the higher market share. Moreover, individuals are able to procure hearing aids through the medium of online sales channels such as Amazon, which is aiding in accelerating the adoption of these devices in the North America.
- Some of the players operating in the deaf-aid market are Audina Hearing Instruments, Inc., Cochlear Ltd., Demant A/S, GN Hearing A/S (ReSound), Hansaton Akustik GmbH, Horentek, MED-EL Medical Electronics., Medtronic, Microson, Oticon Inc., Rion Co., Ltd., Sivantos Pte. Ltd., Sonova, Soundrise Hearing Solutions Pvt. Ltd., Starkey, Widex A/S, amongst others.
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Global Deaf-aid Market:
- By Offering
- Hearing Aids
- In-the-Ear (ITC)
- Behind the Ear (BTE)
- Receiver-in -Canal (RIC)
- Others
- Hearing Implants
- Cochlear Implants
- Middle Ear Implants
- Bone Conduction Implants
- Others
- Accessories
- Microphone
- Receivers
- Others
- Hearing Aids
- By Hearing Loss Type
- Single-Sided Sensorineural Hearing Loss
- Conductive Hearing Loss
- Mixed Hearing Loss
- By End User
- Individuals
- Hospitals
- Specialty Clinics
- Others
- By Sales Channel
- Online
- Offline
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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