China Hearing Aids Market Size & Outlook, 2023-2030
China hearing aids market, 2018-2030 (US$M)
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China hearing aids market highlights
- The China hearing aids market generated a revenue of USD 349.1 million in 2023 and is expected to reach USD 724.8 million by 2030.
- The China market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
Hearing aids market data book summary
| Market revenue in 2023 | USD 349.1 million |
| Market revenue in 2030 | USD 724.8 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HOSPITALS, OUTPATIENT FACILITIES |
| Key market players worldwide | Audicus, Audina Hearing Instruments, Eargo, GN Store Nord A/S, MDHearingAid, SeboTek Hearing Systems, Sonova Holding AG, Starkey Hearing Technologies, WS Audiology |
Other key industry trends
- In terms of revenue, China accounted for 5.5% of the global hearing aids market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hearing aids market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 724.8 million by 2030.
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Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
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China hearing aids market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hearing aids market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 79.92% in 2023. Horizon Databook has segmented the China hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
China has the world’s largest population and is one of the fastest growing economies. The population of China is aging rapidly. According to the China National Committee on Aging (CNCA), in 2017, there were around 241.0 million people over 60 years of age in China, which represents about 17.3% of the country’s total population.
Thus, presence of large geriatric population, which is at higher risk of developing hearing loss, is anticipated to boost the market for hearing aids. The number of neonates with hearing impairment is also expected to be high in China.
According to Indian Journal of Community Medicine, as of 2015, five in every 1,000 infants screened were suffering from hearing impairment. Growing prevalence of hearing impairment in China coupled with rapidly aging population is contributing to market growth.
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Target buyers of China hearing aids market databook
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Our clientele includes a mix of hearing aids market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into China hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China hearing aids market size, by end use, 2018-2030 (US$M)
China Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
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