Smart Hearings Aids Market Size

  • Report ID: 597
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Smart Hearings Aids Market Size

Smart Hearing Aids Market size was over USD 11.78 billion in 2024 and is projected to reach USD 34.43 billion by 2037, growing at around 8.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart hearing aids is evaluated at USD 13.46 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.


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Author Credits:  Radhika Pawar


  • Report ID: 597
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of smart hearing aids is evaluated at USD 13.46 billion.

The smart hearing aids market size was over USD 11.78 billion in 2024 and is projected to reach USD 34.43 billion by 2037, growing at around 8.6% CAGR during the forecast period i.e., between 2025-2037. Growing prevalence of hearing loss and incorporation of digital smart technologies will boost the market growth.

North America industry is predicted to account for largest revenue share of 39% by 2037, propelled by high incidence rate of hearing loss in the US and the increased adoption of hearing aids.

The major players in the market are 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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