Smart Hearings Aids Market Size

  • Report ID: 597
  • Published Date: Jul 22, 2024
  • Report Format: PDF, PPT

Smart Hearings Aids Market Size

Smart Hearing Aids Market size was valued at USD 10.85 Billion in 2023 and is likely to reach USD 31.33 Billion by the end of 2036, registering around 8.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of smart hearing aids is assessed at USD 11.68 Billion. The growth of smart hearing aids market is primarily attributed to the increasing prevalence of hearing loss and technological advancements in hearing aid devices. According to World Health Organization (WHO), Over 5% of the world’s population, around 430 million people require rehabilitation to address their ‘disabling’ hearing loss (432 million adults and 34 million children). It is estimated that by 2050 over 700 million people will have disabling hearing loss.

The smart hearing devices are designed to transmit sound from the environment into the ear by making it louder, helping deaf people. The global smart hearing aids market trends such as, a higher number of untreated hearing disabilities boosting the demand for hearing rehabilitation. According to World Health Organization, by 2050 nearly 2.5 billion people are projected to have some degree of hearing loss and at least 700 million will require hearing rehabilitation.


Smart Hearing Aids Market Overview
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Author Credits:  Radhika Pawar


  • Report ID: 597
  • Published Date: Jul 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of smart hearing aids is assessed at USD 11.68 Billion.

The smart hearing aids market size was valued at USD 10.85 Billion in 2023 and is likely to reach USD 31.33 Billion by the end of 2036, registering around 8.5% CAGR during the forecast period i.e., between 2024-2036. Growing prevalence of hearing loss and incorporation of digital smart technologies are the major factors of the market growth.

North America is expected to dominate majority industry share by 2036, propelled by high incidence rate of hearing loss in the US and the increased adoption of hearing aids.

MED-EL Elektromedizinische Geräte GmbH, Benson Medical Instruments, Sivantos private ltd., William Demat Holding A/S, Sonova Holding AG, GN store Nord A/S, Starkey Laboratories, Inc., Medtronic plc, Widex USA. Inc., Sonic Corporation
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