World - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights

Global Hearing Aid Market Overview 2019

Hearing Aid Market Size

The global hearing aid market revenue amounted to $X in 2018, remaining stable against the previous year. Over the period under review, hearing aid consumption continues to indicate a measured decrease. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. In that year, the global hearing aid market attained its peak level of $X. From 2015 to 2018, the growth of the global hearing aid market remained at a somewhat lower figure.

Hearing Aid Production

In value terms, hearing aid production totaled $X in 2018 estimated in export prices. Over the period under review, hearing aid production continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2015 when production volume increased by X% y-o-y. The global hearing aid production peaked in 2018 and is likely to continue its growth in the near future.

Production By Country

Malaysia (X units) constituted the country with the largest volume of hearing aid production, comprising approx. X% of total production. Moreover, hearing aid production in Malaysia exceeded the figures recorded by the world's second-largest producer, China (X units), more than tenfold.

In Malaysia, hearing aid production expanded at an average annual rate of +X% over the period from 2013-2018.

Hearing Aid Exports

Exports 2007-2018

Global exports amounted to X units in 2018, picking up by X% against the previous year. Overall, hearing aid exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. The global exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, hearing aid exports totaled $X in 2018. The total export value increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. In that year, global hearing aid exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Malaysia (X units) represented roughly X% of total exports of hearing aids (excl. parts and accessories) in 2018.

Malaysia was also the fastest-growing in terms of the hearing aids (excl. parts and accessories) exports, with a CAGR of +X% from 2013 to 2018. While the share of Malaysia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) also remains the largest hearing aid supplier worldwide.

From 2013 to 2018, the average annual rate of growth in terms of value in Malaysia stood at +X%.

Export Prices by Country

The average hearing aid export price stood at $X per unit in 2018, increasing by X% against the previous year. Over the period under review, the hearing aid export price, however, continues to indicate a sharp decline. The pace of growth was the most pronounced in 2018 when the average export price increased by X% y-o-y. The global export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2013 to 2018, the rate of growth in terms of prices for Malaysia amounted to -X% per year.

Hearing Aid Imports

Imports 2007-2018

In 2018, the global imports of hearing aids (excl. parts and accessories) amounted to X units, increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. The global imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, hearing aid imports stood at $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. In that year, global hearing aid imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

The U.S. was the main importer of hearing aids (excl. parts and accessories) in the world, with the volume of imports amounting to X units, which was near X% of total imports in 2018. Germany (X units) took the second position in the ranking, followed by the UK (X units) and the Netherlands (X units). All these countries together held approx. X% share of total imports. The following importers - Poland (X units), Mexico (X units), Canada (X units), France (X units), Australia (X units), Japan (X units), India (X units) and Switzerland (X units) - together made up X% of total imports.

From 2013 to 2018, average annual rates of growth with regard to hearing aid imports into the U.S. stood at +X%. At the same time, Poland (+X%), the Netherlands (+X%), India (+X%), Mexico (+X%), Canada (+X%), Australia (+X%), the UK (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2013-2018. By contrast, Germany (-X%), Switzerland (-X%) and France (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), the Netherlands (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global imports, while France saw its share reduced by -X% from 2013 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hearing aids (excl. parts and accessories) worldwide, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., hearing aid imports increased at an average annual rate of +X% over the period from 2013-2018. In the other countries, the average annual rates were as follows: Germany (-X% per year) and the UK (-X% per year).

Import Prices by Country

In 2018, the average hearing aid import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the hearing aid import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% y-o-y. The global import price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2013 to 2018, 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.

Source: IndexBox AI Platform