Hearing Assistive Technology Market Analysis

The hearing assistive technology market is segmented based on functionality type into wireless device, and wired device, out of which, the wireless device segment is anticipated to grab the largest share by the end of 2021 on account of freedom and extended mobility offered by wireless devices, the surge in IoT devices, rapid development and proliferation of wireless technologies. Moreover, wired device is widely being used owing to the low price, zero latency, and better audio quality offered by these devices to the growth of the segment during the forecast period.

On the basis of device type, the wireless/wired headsets segment in the hearing assistive technology market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that demand of personal hearing devices is growing on account of rapid internet proliferation, growth in OTT platforms, and growing number of smartphone users.

Our in-depth analysis of the global market includes the following segments:

Functionality Type	Wireless Device Wired Device
Device Type	Wireless/Wired Headsets Amplified Telephones Sound Amplifier FM Systems Infrared Systems Loop Systems Others
Application	Public Use Personal Use

Frequently Asked Questions (FAQ)

Rising middle class in developing countries and technological advancements relevant to hearing assistive technology are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

High cost of existing marketed devices and lack of awareness about the benefits of hearing assistive technologies are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the owing to the increasing public awareness of the benefits of hearing assistive technologies and rising middle class.

The major players dominating the hearing assistive technology (HAT) market are ClearSounds, Sennheiser electronic GmbH & Co. KG, Clarity, Williams AV, and Diglo Inc. among others.

Hearing Assistive Technology Market Analysis