Hearing Aids Market Share

  • Report ID: 4432
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Hearing Aids Market Share

North American Market Forecast

The North America hearing aids market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be ascribed to the rising cases of hearing loss and exponential growth in the geriatric population coupled with the technological advancement in hearing aid designs. For instance, it has been observed that around 45 million Americans live with hearing disabilities, additionally, in every 5 people, 1 person wears a hearing aid. Moreover, the presence of highly developed healthcare infrastructure and the noteworthy penetration of major key players in the region is further expected to hike the growth of the market over the forecast period

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Author Credits:  Radhika Pawar


  • Report ID: 4432
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of hearing aids is estimated at USD 12.54 billion.

The hearing aids market size was valued at USD 11.76 billion in 2024 and is likely to cross USD 33.04 billion by the end of 2037, expanding at more than 8.2% CAGR during the forecast period i.e., between 2025-2037. Growing prevalence of hearing loss globally and rising adoption of hearable hardware will drive the market growth.

North America industry is expected to dominate majority revenue share by 2037, owing to rising cases of hearing loss and exponential growth in the geriatric population coupled with the technological advancement in hearing aid designs in the region.

The major players in the market include Foshan Vohom Technology Co., Ltd., Sonova AG, Demant A/S, audifon GmbH & Co. KG, Cochlear Ltd., Lively Hearing Corporation, Rion Co., Ltd., Earlens Corporation, Zhejiang Nurotron Biotechnology Co., Ltd., SeboTek Hearing Systems, LLC.
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