Asia Pacific Hearing Care Devices Market Size, Share & Industry Trends Analysis Report By Product, By End User (Home-use, Ambulatory Surgical Centers (ASCs), and Hospitals & Clinics), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Hearing Care Devices Market would witness market growth of 5.7% CAGR during the forecast period (2022-2028).
Some of hearing care devices, mostly implants, are intended to help people who are profoundly deaf in regaining their hearing capabilities. Hearing aids & hearing implants are two different forms of hearing aids. Hearing aids are used to aid people with temporary or permanent hearing loss improve or regaining their hearing. Whereas, Hearing implants are surgically implanted hearing devices that help completely or partially deaf patients in hearing voices and sounds around them.
Moreover, the adoption of aesthetically pleasing designs, as well as the introduction of novel product variations like as waterproof hearing aids, are all contributing to market expansion. The use of digital technology, as well as the advent of solutions that combine cochlear implants & hearing aid technology to address high-frequency hearing loss, are likely to boost the market's growth. Other factors like growing noise pollution levels, increasing incidences of birth problems & ear infections, rising disposable income, and manufacturers' increased emphasis on research & development (R&D) are estimated to fuel the market growth.
Market leaders are always producing innovative goods that increase the benefits of these gadgets for target consumers and help them gain adoption in the region. Growing disposable income & healthcare expenditure of the general population, as well as government initiatives, are factors that are also driving the regional market.
Although, due to rising demand for sophisticated hearing care devices, a large number of healthcare reforms, a high existence of hearing disorders, and increased focus of key players on developing technologically advanced cost-effective devices, Asia-Pacific is expected to see significant market growth in the hearing care devices market. Furthermore, in the Asia-Pacific Hearing Care Devices Market, India and Japan are predicted to rise due to the increasing population across the region.
The China market dominated the Asia Pacific Hearing Care Devices Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $843.5 million by 2028. The Japan market is estimated to grow at a CAGR of 5.1% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 6.4% during (2022 - 2028).
Based on Product, the market is segmented into Hearing Aids and Hearing Implants. Based on End User, the market is segmented into Home-use, Ambulatory Surgical Centers (ASCs), and Hospitals & Clinics. Based on Type of hearing loss, the market is segmented into Conductive Hearing Loss and Sensorineural Hearing Loss. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include WS Audiology, Cochlear Ltd., Intricon Corporation, Starkey laboratories, Inc., GN Store Nord A/S (GN Hearing A/S), Sonova Holding AG, William Demant Holding A/S, Amplifon SpA (Ampliter N.V.), and MED-EL GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Hearing Aids
- Hearing Implants
By End User
- Ambulatory Surgical Centers (ASCs)
- Hospitals & Clinics
By Type of hearing loss
- Conductive Hearing Loss
- Sensorineural Hearing Loss
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- WS Audiology
- Cochlear Ltd.
- Intricon Corporation
- Starkey laboratories, Inc.
- GN Store Nord A/S (GN Hearing A/S)
- Sonova Holding AG
- William Demant Holding A/S
- Amplifon SpA (Ampliter N.V.)
- MED-EL GmbH