Smart Hearing Aids Industry - Regional Synopsis
North America Market Statistics
The smart hearing aids market in North America is predicted to account for the largest revenue share of 39% by the end of 2037 owing to high incidence rate of hearing loss, particularly among the aging population, and the increased adoption of hearing aids. Leading companies in North America are focused on developing hearing aids with Bluetooth connectivity, AI integration, and rechargeable batteries to provide superior sound quality and personalized experiences. This is also expected to boost the sales of smart hearing aids in this country. In addition, the governments organize regular public health campaigns emphasizing the benefits of hearing aids.
In the U.S., the adoption of smart hearing aids has significantly increased in recent years due to the rising prevalence of hearing loss among the population. According to recent statistics by the National Institute on Deafness and Other Communication Disorders (NIDCD) around 15% of adults in the U.S and 1 in 3 people between the age of 65 and 74 suffer from hearing loss. Moreover, rising availability of reimbursement support and veteran programs and increasing investments in R&D activities are expected to drive the market in the country.
Asia Pacific Market
The market in Asia Pacific has witnessed significant expansion over recent years owing to rising incidence of hearing loss and large aging population in countries such as Japan, China, and India. According to WHO, Asia Pacific accounts for a substantial portion of the global population affected by hearing impairments. Rising disposable income, economic development, and better access to advanced medical devices, including hearing aids are expected to fuel market growth in the region.
The market in India is expected to register significant revenue growth between 2025 and 2037 owing to large patient base and rapid adoption of advanced hearing aids. Several global players are expanding their presence in India. For instance, in October 2024, Hearzap announced the launch of its latest hearing aid, Philips HearLink 50 miniRITE in India. The product aims to revolutionize the industry with affordable and effortless hearing aids. The Philips HearLink 50 miniRITE is equipped with AI-powered SoundMap technology that helps filter out background noise, highlights speech, and adapts to various environments.
