World - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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Hearing aid market: read new datasets enhanced by an Ai-driven BI tool. Data cover companies, consumption, trade, market size, production, exports, imports, and market prices. Here is a breakdown by country, including the U.K., the U.S., Africa, EU, China, Latin America, Russia, and the Middle East. Market insights and outlook to 2030 are also featured in the snapshots.
Hearing Aid - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | Canada |
| 4 | Germany |
| 5 | Mexico |
In value terms, the largest hearing aid markets worldwide were China, the United States and Canada, together comprising 45% of the global market.
Among the main consuming countries, Canada saw the highest growth rate of market size, over the period under review, while hearing aid market for the other global leaders experienced more modest paces of growth.
Hearing Aid Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| China | 72 | 57 | 42 | -23.6% |
| Mexico | 141 | 112 | 68 | -30.6% |
| Poland | 204 | 160 | 77 | -38.6% |
| Denmark | 141 | 129 | 85 | -22.3% |
| United States | 147 | 137 | 121 | -9.3% |
| Singapore | 201 | 199 | 159 | -11.0% |
| Netherlands | 323 | 324 | 170 | -27.4% |
| Average | 138 | 146 | 96 | -16.5% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the Netherlands ($170 per unit), while China ($42 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| France | 133 | 154 | 229 | 31.4% |
| United States | 199 | 193 | 176 | -5.8% |
| Japan | 178 | 152 | 175 | -0.6% |
| Singapore | 178 | 155 | 167 | -3.0% |
| Germany | 164 | 169 | 166 | 0.7% |
| Netherlands | 91 | 97 | 126 | 17.5% |
| Canada | 116 | 116 | 116 | 0.2% |
| Spain | 168 | 136 | 99 | -23.3% |
| Australia | 100 | 85 | 88 | -6.1% |
| Poland | 104 | 89 | 73 | -16.2% |
| United Kingdom | 95 | 61 | 52 | -26.4% |
| Mexico | 43 | 44 | 41 | -2.5% |
| Philippines | 51 | 30 | 28 | -25.4% |
| Average | 142 | 126 | 133 | -3.3% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($229 per unit), while the Philippines ($28 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.
Hearing Aid - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 1.6 | 1.6 | 1.4 | -6.0% |
| Germany | 0.4 | 0.5 | 0.4 | -0.8% |
| France | 0.3 | 0.4 | 0.4 | 20.5% |
| Netherlands | 0.2 | 0.2 | 0.3 | 20.0% |
| Poland | 0.2 | 0.2 | 0.2 | 2.4% |
In value terms, the United States ($1.4B) constitutes the largest market for imported hearing aids (excl. parts and accessories) worldwide, comprising 30% of global imports. The second position in the ranking was occupied by Germany ($433M), with a 9.4% share of global imports. It was followed by France, with a 8% share.
In the United States, hearing aid imports contracted by an average annual rate of -6.0% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and France (+20.5% per year).
Hearing Aid - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Poland | 0.9 | 1 | 1 | 4.6% |
| China | 0.8 | 0.3 | 0.5 | -22.2% |
| Singapore | 0.5 | 0.5 | 0.4 | -4.8% |
| Denmark | 0.4 | 0.3 | 0.4 | -0.9% |
| United States | 0.4 | 0.4 | 0.4 | -7.1% |
In value terms, Poland ($987M) remains the largest hearing aid supplier worldwide, comprising 22% of global exports. The second position in the ranking was occupied by China ($484M), with a 11% share of global exports. It was followed by Singapore, with a 10% share.
In Poland, hearing aid exports increased at an average annual rate of +4.6% over the period from 2018-2020. In the other countries, the average annual rates were as follows: China (-22.2% per year) and Singapore (-4.8% per year).
Hearing Aid - Market Forecast
Driven by rising demand for hearing aid worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Hearing Aid - Top Companies
Fresenius SE & Co. KGaA, Danaher Corporation, Medtronic, Inc., OLYMPUS CORPORATION, St. Jude Medical, LLC, Hologic, Inc., Varian Medical Systems, Inc., CANON MEDEICAL SYSTEMSCO.,LTD., Biomet, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., NIHON KOHDEN CORPORATION, GE Medical Systems Information Technologies, Inc., Carl Zeiss Meditec AG, Johnson & Johnson Surgical Vision, Inc., FUKUDA DENSHI CO.,LTD., Otto Bock Healthcare Products GmbH, Ottobock SE & Co. KGaA, Iconn Orthopedics, LLC, Roche Diabetes Care GmbH, Medtronic Minimed, Inc.
Hearing Aid - Product Coverage
- HS 902140 - Hearing aids (excluding parts and accessories)
This report provides an in-depth analysis of the global hearing aid market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26601433 - Appliances for overcoming deafness (excluding parts and accessories)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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