Hearing Aid Market

Hearing aid market: read new datasets enhanced by an Ai-driven BI tool. Data cover companies, consumption, trade, market size, production, exports, imports, and market prices. Here is a breakdown by country, including the U.K., the U.S., Africa, EU, China, Latin America, Russia, and the Middle East. Market insights and outlook to 2030 are also featured in the snapshots.


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Hearing Aid - World's Largest Markets

RatingCountry
1China
2United States
3Canada
4Germany
5Mexico

In value terms, the largest hearing aid markets worldwide were China, the United States and Canada, together comprising 45% of the global market.

Among the main consuming countries, Canada saw the highest growth rate of market size, over the period under review, while hearing aid market for the other global leaders experienced more modest paces of growth.

Hearing Aid Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
China725742-23.6%
Mexico14111268-30.6%
Poland20416077-38.6%
Denmark14112985-22.3%
United States147137121-9.3%
Singapore201199159-11.0%
Netherlands323324170-27.4%
Average13814696-16.5%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the Netherlands ($170 per unit), while China ($42 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
France13315422931.4%
United States199193176-5.8%
Japan178152175-0.6%
Singapore178155167-3.0%
Germany1641691660.7%
Netherlands919712617.5%
Canada1161161160.2%
Spain16813699-23.3%
Australia1008588-6.1%
Poland1048973-16.2%
United Kingdom956152-26.4%
Mexico434441-2.5%
Philippines513028-25.4%
Average142126133-3.3%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($229 per unit), while the Philippines ($28 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Hearing Aid - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States1.61.61.4-6.0%
Germany0.40.50.4-0.8%
France0.30.40.420.5%
Netherlands0.20.20.320.0%
Poland0.20.20.22.4%

In value terms, the United States ($1.4B) constitutes the largest market for imported hearing aids (excl. parts and accessories) worldwide, comprising 30% of global imports. The second position in the ranking was occupied by Germany ($433M), with a 9.4% share of global imports. It was followed by France, with a 8% share.

In the United States, hearing aid imports contracted by an average annual rate of -6.0% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and France (+20.5% per year).

Hearing Aid - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Poland0.9114.6%
China0.80.30.5-22.2%
Singapore0.50.50.4-4.8%
Denmark0.40.30.4-0.9%
United States0.40.40.4-7.1%

In value terms, Poland ($987M) remains the largest hearing aid supplier worldwide, comprising 22% of global exports. The second position in the ranking was occupied by China ($484M), with a 11% share of global exports. It was followed by Singapore, with a 10% share.

In Poland, hearing aid exports increased at an average annual rate of +4.6% over the period from 2018-2020. In the other countries, the average annual rates were as follows: China (-22.2% per year) and Singapore (-4.8% per year).

Hearing Aid - Market Forecast

Driven by rising demand for hearing aid worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Hearing Aid - Top Companies

Fresenius SE & Co. KGaA, Danaher Corporation, Medtronic, Inc., OLYMPUS CORPORATION, St. Jude Medical, LLC, Hologic, Inc., Varian Medical Systems, Inc., CANON MEDEICAL SYSTEMSCO.,LTD., Biomet, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., NIHON KOHDEN CORPORATION, GE Medical Systems Information Technologies, Inc., Carl Zeiss Meditec AG, Johnson & Johnson Surgical Vision, Inc., FUKUDA DENSHI CO.,LTD., Otto Bock Healthcare Products GmbH, Ottobock SE & Co. KGaA, Iconn Orthopedics, LLC, Roche Diabetes Care GmbH, Medtronic Minimed, Inc.

Hearing Aid - Product Coverage

  • HS 902140 - Hearing aids (excluding parts and accessories)
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Event
World - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global hearing aid market.

South-Eastern Asia - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hearing aid market in South-Eastern Asia.

Latin America and the Caribbean - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hearing aid market in Latin America and the Caribbean.

Australia and Oceania - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hearing aid market in Australia and Oceania.

Northern America - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hearing aid market in Northern America.

Eastern Asia - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hearing aid market in Eastern Asia.

Africa - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hearing aid market in Africa.

Southern Asia - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hearing aid market in Southern Asia.

Central Asia - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hearing aid market in Central Asia.

Middle East - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the hearing aid market in the Middle East.

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