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.
Author Credits: Radhika Pawar
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