- In February 2024, USound, a prominent global provider of MEMS speakers, is expected to unveil its latest product innovations at FIRA GRAN VIA. The showcase will feature compact audio solutions specifically designed for true wireless stereo (TWS) earphones and over-the-counter (OTC) hearing aids. This event highlights USound's commitment to advancing audio technology and enhancing user experiences in the personal audio sector
- In February 2024, Tuned, a digital hearing health company, secured $3.2 million in a seed extension funding round, led by Unum Group and Distributed Ventures. This investment will empower Tuned to expand its hearing health benefits tailored for today’s workforce. With this additional capital, the company aims to enhance accessibility to hearing solutions, promoting better auditory health among employees
- In October 2023, GN Store Nord A/S introduced its latest line of hearing aids, known as ReSound Nexia. This innovative product range features two Receiver-In-Ear (RIE) models: one non-rechargeable and another Micro RIE that offers rechargeable capabilities. The launch of ReSound Nexia highlights the company’s commitment to advancing hearing aid technology and enhancing user convenience
- In March 2023, JIUYEE unveiled the JIUYEE Real Pro, marking a significant expansion of its product lineup. This new hearing aid incorporates cutting-edge technology designed to deliver users a clear and natural sound experience. With this launch, JIUYEE aims to enhance its offerings and meet the growing demand for high-quality hearing solutions
- In March 2022, Sonova completed the acquisition of the consumer division of Sennheiser Electronic GmbH & Co. KG. This strategic move is set to bolster Sonova's product portfolio and enhance its presence in the global market. By integrating Sennheiser's expertise and technologies, Sonova aims to offer a wider range of innovative audio solutions to consumers
Frequently Asked Questions
The market is segmented based on Segmentation, By Product (Hearing Aid Devices, and Hearing Implants), Type of Hearing Loss (Sensorineural Hearing Loss, and Conductive Hearing Loss), Severity (Mild, Moderate, Severe and Profound), Technology (Conventional Hearing Aids, and Digital Hearing Aids), Patient Type (Adults, and Pediatrics), Distribution Channel (Large Retail Chains, Manufacturer-Owned Retail Chains, Public, and Others) – Industry Trends and Forecast to 2031
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The Global Hearing Aids Market size was valued at USD 8.57 USD Billion in 2023.
The Global Hearing Aids Market is projected to grow at a CAGR of 6.9% during the forecast period of 2024 to 2031.
The major players operating in the market include Abbott, WIDEX A/S, GN Store Nord A/S, Sonova, Sivantos, and more,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
