Global Hearing Amplifiers Market Outlook 2021: Global Opportunity and Demand Analysis, Market Forecast, 2022-2030
The Global Hearing Amplifiers Market is anticipated to rise at a value CAGR of 5.5% over 2020–2028. According to a study published by Insure Insights on the Global Hearing Amplifier Market, Hearing amplifiers are known as """"personal sound amplifying products,"""" or PSAPs. They are designed to enhance the environmental hearing of people with hearing loss. They are kept behind the ear or in the ear and further amplify the sound and assist the individual with hearing loss. The growth in government initiatives and favourable reimbursement scenarios has driven the global hearing amplifiers market.
The rise in the prevalence of people suffering from hearing loss has boosted the market.
The surge in the number of cases of hearing loss, coupled with the growing geriatric population, has driven the market. Technological advancements and product expansion by manufacturers have escalated the market revenue. The cost-effectiveness of the hearing amplifier over other hearing aids has further propelled the market.
The rising preference for behind-the-ear hearing amplifiers has dominated growth in the Global Hearing Amplifiers Market.
Based on the product, the behind-the-ear hearing amplifiers segment has obtained the highest share in the market. The behind-the-ear amplifier is a relatively small device and is more compatible for use and aids in hearing; these amplifiers provide greater amplification than other amplifiers. The battery size is high, and they last longer than other types of amplifiers; these factors have attributed to the growth in the market.
In terms of distribution, the hospital pharmacies segment has obtained the most remarkable growth owing to the high availability of over-the-counter hearing amplifiers in these pharmacies. Most geriatric populations prefer hospital pharmacies over online pharmacies, which has escalated the segmental growth.
The growing incidence of hearing disorders will drive the North American market.
The rise in the incidence of hearing disorders in North America is the key factor driving regional growth. Technological advancements, coupled with government initiatives in treatment, have fostered regional revenue. The favourable reimbursement scenarios have expanded regional growth. For instance, the National Institute of Health in the year 2016 estimated that one in eight people in the United States has hearing loss problems, and about 2% of adults from the age of 45 to 54 have disabling hearing loss. Asia-Pacific is anticipated to rise with the highest growth owing to the rise in healthcare expenditure, technological developments, and awareness of various distribution channels that have boosted the regional market.
Product launches, new innovations, strategic collaborations, mergers, and acquisitions are the major strategies of competitors.
The players in the global hearing amplifier market are fragmented. Product launches, new innovations, collaborations, mergers, and acquisitions are strategies used by competitors. Beurer, Etymotic Research, FocusEar, iHEAR Medical, IntriCon Corporation, Sound World Solutions, Otofonix, MDHearing, Britzgo, and Banglijian are the key competitors in the Global Hearing Amplifiers Market.
IntriCon is a popular competitor in the global hearing amplifier market. In May 2020, IntriConhad announced the acquisition of Emerald Medical Services, which manufactures catheters used in cardiology, peripheral vascular, neurology, radiology, and pulmonology. The acquisition was made by IntriConto to expand the medical coil and micro-miniature medical device engineering and manufacturing capabilities in surgical navigation and to accelerate diversification into potential new end markets.
Etymotic Research: Etymotic Research is a popular competitor in the global hearing amplifier market. In March 2018, Etymotic Research announced a merger agreement with Lucid Hearing. They are a manufacturer of hearing aids and personal sound amplification products (PSAP).
The deal was made to strengthen the business of both companies
Scope of the Report
By Product
• Behind-the-ear
• In-the-ear
By Distribution Channel
• Hospital pharmacies
• Online pharmacies
• Others
By Region
• North America
• Europe
• Asia Pacific
• Rest Of World
Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
Chapter 1 Overview And Scope
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation
Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted
Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary
Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Hearing Amplifiers Market Forces
5.1 What’s Driving the Market
5.2 Porter’s Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition
Chapter 6 Global Hearing Amplifiers Market -Industry Snapshots
6.1 Overview
6.1.1 Global Hearing Amplifiers Market Value, 2019 - 2030, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis
Chapter 7 Global Hearing Amplifiers Market Analysis, by Product
7.1 Overview
7.2 Key Findings for Hearing Amplifiers Market- By Product
7.2.1 Hearing Amplifiers Market- Behind-the-ear
7.2.2 Hearing Amplifiers Market- In-the-ear
Chapter 8 Global Hearing Amplifiers Market Analysis, by Distribution Channel
8.1 Overview
8.2 Key Findings for Hearing Amplifiers Market- By Distribution Channel
8.2.1 Hearing Amplifiers Market- Hospital pharmacies
8.2.2 Hearing Amplifiers Market- Online pharmacies
8.2.3 Hearing Amplifiers Market- Others
Chapter 9 Hearing Amplifiers Market Analysis by Region
9.1 Key Findings for Hearing Amplifiers Market- By region
9.2 Overview
9.2.1 Global Hearing Amplifiers Market Analysis, By Product , 2019 - 2030
9.2.2 Global Hearing Amplifiers Market Analysis, By Distribution Channel, 2019 - 2030
9.3 Hearing Amplifiers Market – North America
9.3.1 Overview
9.3.2 U.S.
9.3.3 Canada
9.3.4 Mexico
9.3.5 North America Market, By Product
9.3.6 North America Market, By Distribution Channel
9.4 Hearing Amplifiers Market – Europe
9.4.1 Overview
9.4.2 Germany
9.4.3 United Kingdom
9.4.4 France
9.4.5 Italy
9.4.6 Rest Of Europe
9.4.7 Europe Market, By Product
9.4.8 Europe Market, By Distribution Channel
9.5 Hearing Amplifiers Market – Asia Pacific
9.5.1 Overview
9.5.2 China
9.5.3 Japan
9.5.4 India
9.5.5 Rest of APAC
9.5.6 Asia Pacific Market, By Product
9.5.7 Asia Pacific Market, By Distribution Channel
9.6 Hearing Amplifiers Market – Rest Of World
9.6.1 Overview
9.6.2 Middle East & Africa (MEA)
9.6.3 Latin America
9.6.4 Rest Of World
9.6.5 Latin America, Middle East and Africa Market, By Product
9.6.6 Latin America, Middle East and Africa Market, By Distribution Channel
Chapter 10 Market Competition Analysis
10.1 Market Share/Positioning Analysis
10.1.1 Market Positioning of Key Vendors, 2019
10.1.2 Key Strategies Adopted by the Leading Players
10.1.3 Recent Developments
Chapter 11 Company Profiles- Snapshot
11.1 Beurer
11.1.1 Business Fundamentals
11.1.2 Financial Snapshots
11.1.3 Product Portfolio
11.1.4 Recent Developments
11.2 Etymotic Research
11.3 FocusEar
11.4 iHEAR Medical
11.5 IntriCon Corporation
11.6 Sound World Solutions
11.7 Otofonix
11.8 MDHearing
11.9 Britzgo
11.10 Banglijian
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies
Chapter 12 Appendix
List Of Tables
TABLE 1 Hearing Amplifiers market by Product 1, 2018 - 2026 (USD Million)
TABLE 2 Hearing Amplifiers market by Product 2, 2018 - 2026 (USD Million)
TABLE 3 Hearing Amplifiers market by Distribution Channel 1, 2018 - 2026 (USD Million)
TABLE 4 Hearing Amplifiers market by Distribution Channel 2, 2018 - 2026 (USD Million)
TABLE 5 Hearing Amplifiers market by Distribution Channel 3, 2018 - 2026 (USD Million)
TABLE 6 Global Hearing Amplifiers Market Value, By Product , 2019 - 2030 (US$ Bn)
TABLE 7 Global Hearing Amplifiers Market Value, By Distribution Channel, 2019 - 2030 (US$ Bn)
TABLE 8 Hearing Amplifiers Market Analysis by North America (USD Million), 2018-2026
TABLE 9 U.S. Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 10 U.S. Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 11 U.S. Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 12 Canada Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 13 Canada Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 14 Canada Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 15 Mexico Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 16 Mexico Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 17 Mexico Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 18 Hearing Amplifiers Market Analysis by Europe (USD Million), 2018-2026
TABLE 19 Germany Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 20 Germany Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 21 Germany Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 22 United Kingdom Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 23 United Kingdom Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 24 United Kingdom Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 25 France Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 26 France Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 27 France Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 28 Italy Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 29 Italy Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 30 Italy Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 31 Rest Of Europe Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 32 Rest Of Europe Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 33 Rest Of Europe Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 34 Hearing Amplifiers Market Analysis by Asia Pacific (USD Million), 2018-2026
TABLE 35 China Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 36 China Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 37 China Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 38 Japan Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 39 Japan Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 40 Japan Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 41 India Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 42 India Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 43 India Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 44 Rest of APAC Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 45 Rest of APAC Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 46 Rest of APAC Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 47 Hearing Amplifiers Market Analysis by Rest Of World (USD Million), 2018-2026
TABLE 48 Middle East & Africa (MEA) Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 49 Middle East & Africa (MEA) Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 50 Middle East & Africa (MEA) Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 51 Latin America Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 52 Latin America Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 53 Latin America Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
TABLE 54 Rest Of World Hearing Amplifiers Market, 2018 - 2026 (USD Million)
TABLE 55 Rest Of World Hearing Amplifiers Market, By Product , 2018 - 2026 (USD Million)
TABLE 56 Rest Of World Hearing Amplifiers Market, By Distribution Channel, 2018 - 2026 (USD Million)
List Of Figures
FIG. 1 Global Cloud Services: Market Segmentation
FIG. 2 Global Hearing Amplifiers Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Market Snapshot
FIG. 5 Porter’s Five Forces Analysis
FIG. 6 Global Hearing Amplifiers Market Value, 2019 - 2030, (US$ Bn)
FIG. 7 Supply Chain/Value Chain Analysis
FIG. 8 Global Hearing Amplifiers Market Value Contribution, By Product , 2019 & 2026 (%)
FIG. 9 Global Hearing Amplifiers Market Value Contribution, By Distribution Channel, 2019 & 2026 (%)
FIG. 10 Global Hearing Amplifiers Market Value, 2019 - 2030, (US$ Bn)
FIG. 11 North America Hearing Amplifiers Market Value, 2019 - 2030, (US$ Bn)
FIG. 12 Hearing Amplifiers Market Segment 1 – North America
FIG. 13 Hearing Amplifiers Market Segment 2 – North America
FIG. 14 Hearing Amplifiers U.S. outlook, 2019 & 2026
FIG. 15 Hearing Amplifiers Canada outlook, 2019 & 2026
FIG. 16 Hearing Amplifiers Mexico outlook, 2019 & 2026
FIG. 17 Europe Hearing Amplifiers Market Value, 2019 - 2030, (US$ Bn)
FIG. 18 Hearing Amplifiers Market Segment 1 – Europe
FIG. 19 Hearing Amplifiers Market Segment 2 – Europe
FIG. 20 Hearing Amplifiers Germany outlook, 2019 & 2026
FIG. 21 Hearing Amplifiers United Kingdom outlook, 2019 & 2026
FIG. 22 Hearing Amplifiers France outlook, 2019 & 2026
FIG. 23 Hearing Amplifiers Italy outlook, 2019 & 2026
FIG. 24 Hearing Amplifiers Rest Of Europe outlook, 2019 & 2026
FIG. 25 Asia Pacific Hearing Amplifiers Market Value, 2019 - 2030, (US$ Bn)
FIG. 26 Hearing Amplifiers Market Segment 1 – Asia Pacific
FIG. 27 Hearing Amplifiers Market Segment 2 – Asia Pacific
FIG. 28 Hearing Amplifiers China outlook, 2019 & 2026
FIG. 29 Hearing Amplifiers Japan outlook, 2019 & 2026
FIG. 30 Hearing Amplifiers India outlook, 2019 & 2026
FIG. 31 Hearing Amplifiers Rest of APAC outlook, 2019 & 2026
FIG. 32 Rest Of World Hearing Amplifiers Market Value, 2019 - 2030, (US$ Bn)
FIG. 33 Hearing Amplifiers Market Segment 1 – Rest Of World
FIG. 34 Hearing Amplifiers Market Segment 2 – Rest Of World
FIG. 35 Hearing Amplifiers Middle East & Africa (MEA) outlook, 2019 & 2026
FIG. 36 Hearing Amplifiers Latin America outlook, 2019 & 2026
FIG. 37 Hearing Amplifiers Rest Of World outlook, 2019 & 2026
Companies Mentioned
Britzgo Austar Hearing Science and Technology (Xiamen) Co. Ltd
Sound World Solutions
Huizhou Jinghao Electronics Co. Ltd.
Otofonix
Banglijian
Amplifon
Ziphearing
Shenzhen LA Lighting Company Limited
Soundhawk
FocusEar
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