The North America Hearing Care Devices Market would witness market growth of 4.5% CAGR during the forecast period (2022-2028).
In recent years, the hearing care devices industry has seen many technological improvements. Speech recognition in challenging listening conditions, speech differentiation in noisy & reverberant situations, listening and processing sound from television or telephone, and identifying a specific sound from a distance are all features of the cochlear implants currently available. Acoustic scene classifiers are also included in hearing aids, which classify & identify any sound based on the background noise, speech in calm or noisy environment, music, wind, and a variety of other factors.
Moreover, rising public awareness about hearing loss & hearing aid devices is anticipated to act as a catalyst for the progress of the market, as increased public awareness about hearing loss and the benefits of devices to people with hearing impairment is expected to increase demand, which will positively impact the market's growth. For example, the World Health Organization (WHO) & respective countries commemorate World Hearing Day on March 3rd each year to promote awareness of hearing loss & safe listening, and WHO provides a specific grant to anyone who wants to organize a program on these topics. As a result of greater knowledge of hearing loss, awareness about hearing devices is predicted to rise, & the market for hearing devices is expected to develop as a result of this trend.
Some of the key causes attributed to this region's significant position in the across the world include the growing sales volume of hearing devices, as well as the strong adoption of less apparent devices for more aesthetic appeal & new product launches.
Because of the high prevalence of hearing loss, the presence of robust healthcare infrastructure, & greater awareness and acceptance of hearing aid devices in the region. The hearing loss & tinnitus is extremely frequent in Canadian adults, particularly men, and more than half of Canadians have a hearing health issue, such as audiometrically evaluated hearing loss, tinnitus (previous year), or both. According to the same source, hearing loss is more widespread in elderly people in Canada, and as the population ages, the burden of hearing loss is predicted to rise, even more, fuelling expansion in the studied market in the region. Hence, as a result of the high existence of hearing loss in the region, the hearing aids market in the region is likely to increase significantly over the next years.
The US market dominated the North America Hearing Care Devices Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,687.8 million by 2028. The Canada market is anticipated to grow at a CAGR of 6.8% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 5.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hearing Care Devices Market is Estimated to reach $10.5 Billion by 2028, at a CAGR of 5%
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:
By Product
- Hearing Aids
- Hearing Implants
By End User
- Home-use
- Ambulatory Surgical Centers (ASCs)
- Hospitals & Clinics
By Type of hearing loss
- Conductive Hearing Loss
- Sensorineural Hearing Loss
By Country
- US
- Canada
- Mexico
- Rest of North America
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
Related Reports:
Global Hearing Care Devices Market Report 2022-2028
Europe Hearing Care Devices Market Report 2022-2028
Asia Pacific Hearing Care Devices Market Report 2022-2028
LAMEA Hearing Care Devices Market Report 2022-2028
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Hearing Care Devices Market, by Product
1.4.2 North America Hearing Care Devices Market, by End User
1.4.3 North America Hearing Care Devices Market, by Type of hearing loss
1.4.4 North America Hearing Care Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Hearing Care Devices Market
Chapter 4. North America Hearing Care Devices Market by Product
4.1 North America Hearing Aids Market by Country
4.2 North America Hearing Implants Market by Country
Chapter 5. North America Hearing Care Devices Market by End User
5.1 North America Home-use Market by Country
5.2 North America Ambulatory Surgical Centers (ASCs) Market by Country
5.3 North America Hospitals & Clinics Market by Country
Chapter 6. North America Hearing Care Devices Market by Type of hearing loss
6.1 North America Conductive Hearing Loss Market by Country
6.2 North America Sensorineural Hearing Loss Market by Country
Chapter 7. North America Hearing Care Devices Market by Country
7.1 US Hearing Care Devices Market
7.1.1 US Hearing Care Devices Market by Product
7.1.2 US Hearing Care Devices Market by End User
7.1.3 US Hearing Care Devices Market by Type of hearing loss
7.2 Canada Hearing Care Devices Market
7.2.1 Canada Hearing Care Devices Market by Product
7.2.2 Canada Hearing Care Devices Market by End User
7.2.3 Canada Hearing Care Devices Market by Type of hearing loss
7.3 Mexico Hearing Care Devices Market
7.3.1 Mexico Hearing Care Devices Market by Product
7.3.2 Mexico Hearing Care Devices Market by End User
7.3.3 Mexico Hearing Care Devices Market by Type of hearing loss
7.4 Rest of North America Hearing Care Devices Market
7.4.1 Rest of North America Hearing Care Devices Market by Product
7.4.2 Rest of North America Hearing Care Devices Market by End User
7.4.3 Rest of North America Hearing Care Devices Market by Type of hearing loss
Chapter 8. Company Profiles
8.1 WS Audiology
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expense
8.2 Cochlear Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent Strategies and Developments:
8.2.5.1 Approvals and Trials:
8.3 Intricon Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.4 Starkey Laboratories, Inc.
8.4.1 Company Overview
8.4.2 Recent Strategies and Developments:
8.4.2.1 Partnerships, Collaborations and Agreements:
8.4.2.2 Product Launches and Product Expansions:
8.5 GN Store Nord A/S (GN Hearing A/S)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent Strategies and Developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Acquisitions and Mergers:
8.5.4.3 Product Launches and Product Expansions:
8.6 Sonova Holding AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent Strategies and Developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 William Demant Holding A/S
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent Strategies and Developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.8 Amplifon SpA (Ampliter N.V.)
8.8.1 Company Overview
8.8.2 Recent Strategies and Developments:
8.8.2.1 Acquisitions and Mergers:
8.9 MED-EL GmbH
8.9.1 Company Overview
TABLE 1 North America Hearing Care Devices Market, 2018 - 2021, USD Million
TABLE 2 North America Hearing Care Devices Market, 2022 - 2028, USD Million
TABLE 3 North America Hearing Care Devices Market by Product, 2018 - 2021, USD Million
TABLE 4 North America Hearing Care Devices Market by Product, 2022 - 2028, USD Million
TABLE 5 North America Hearing Aids Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Hearing Aids Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Hearing Implants Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Hearing Implants Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Hearing Care Devices Market by End User, 2018 - 2021, USD Million
TABLE 10 North America Hearing Care Devices Market by End User, 2022 - 2028, USD Million
TABLE 11 North America Home-use Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Home-use Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Ambulatory Surgical Centers (ASCs) Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Ambulatory Surgical Centers (ASCs) Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Hospitals & Clinics Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Hospitals & Clinics Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Hearing Care Devices Market by Type of hearing loss, 2018 - 2021, USD Million
TABLE 18 North America Hearing Care Devices Market by Type of hearing loss, 2022 - 2028, USD Million
TABLE 19 North America Conductive Hearing Loss Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Conductive Hearing Loss Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Sensorineural Hearing Loss Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Sensorineural Hearing Loss Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Hearing Care Devices Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Hearing Care Devices Market by Country, 2022 - 2028, USD Million
TABLE 25 US Hearing Care Devices Market, 2018 - 2021, USD Million
TABLE 26 US Hearing Care Devices Market, 2022 - 2028, USD Million
TABLE 27 US Hearing Care Devices Market by Product, 2018 - 2021, USD Million
TABLE 28 US Hearing Care Devices Market by Product, 2022 - 2028, USD Million
TABLE 29 US Hearing Care Devices Market by End User, 2018 - 2021, USD Million
TABLE 30 US Hearing Care Devices Market by End User, 2022 - 2028, USD Million
TABLE 31 US Hearing Care Devices Market by Type of hearing loss, 2018 - 2021, USD Million
TABLE 32 US Hearing Care Devices Market by Type of hearing loss, 2022 - 2028, USD Million
TABLE 33 Canada Hearing Care Devices Market, 2018 - 2021, USD Million
TABLE 34 Canada Hearing Care Devices Market, 2022 - 2028, USD Million
TABLE 35 Canada Hearing Care Devices Market by Product, 2018 - 2021, USD Million
TABLE 36 Canada Hearing Care Devices Market by Product, 2022 - 2028, USD Million
TABLE 37 Canada Hearing Care Devices Market by End User, 2018 - 2021, USD Million
TABLE 38 Canada Hearing Care Devices Market by End User, 2022 - 2028, USD Million
TABLE 39 Canada Hearing Care Devices Market by Type of hearing loss, 2018 - 2021, USD Million
TABLE 40 Canada Hearing Care Devices Market by Type of hearing loss, 2022 - 2028, USD Million
TABLE 41 Mexico Hearing Care Devices Market, 2018 - 2021, USD Million
TABLE 42 Mexico Hearing Care Devices Market, 2022 - 2028, USD Million
TABLE 43 Mexico Hearing Care Devices Market by Product, 2018 - 2021, USD Million
TABLE 44 Mexico Hearing Care Devices Market by Product, 2022 - 2028, USD Million
TABLE 45 Mexico Hearing Care Devices Market by End User, 2018 - 2021, USD Million
TABLE 46 Mexico Hearing Care Devices Market by End User, 2022 - 2028, USD Million
TABLE 47 Mexico Hearing Care Devices Market by Type of hearing loss, 2018 - 2021, USD Million
TABLE 48 Mexico Hearing Care Devices Market by Type of hearing loss, 2022 - 2028, USD Million
TABLE 49 Rest of North America Hearing Care Devices Market, 2018 - 2021, USD Million
TABLE 50 Rest of North America Hearing Care Devices Market, 2022 - 2028, USD Million
TABLE 51 Rest of North America Hearing Care Devices Market by Product, 2018 - 2021, USD Million
TABLE 52 Rest of North America Hearing Care Devices Market by Product, 2022 - 2028, USD Million
TABLE 53 Rest of North America Hearing Care Devices Market by End User, 2018 - 2021, USD Million
TABLE 54 Rest of North America Hearing Care Devices Market by End User, 2022 - 2028, USD Million
TABLE 55 Rest of North America Hearing Care Devices Market by Type of hearing loss, 2018 - 2021, USD Million
TABLE 56 Rest of North America Hearing Care Devices Market by Type of hearing loss, 2022 - 2028, USD Million
TABLE 57 key Information – WS Audiology
TABLE 58 key Information – Cochlear Ltd.
TABLE 59 Key information – Intricon Corporation
TABLE 60 Key information – Starkey Laboratories, Inc.
TABLE 61 key Information – GN Store Nord A/S
TABLE 62 key Information – Sonova Holding AG
TABLE 63 key Information – William Demant Holding A/S
TABLE 64 key Information – Amplifon SpA
TABLE 65 Key Information – MED-EL GmbH
List of Figures
FIG 1 Methodology for the research