Japan Hearing Aids Market Size & Outlook, 2023-2030
Japan hearing aids market, 2018-2030 (US$M)
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Japan hearing aids market highlights
- The Japan hearing aids market generated a revenue of USD 364.5 million in 2023 and is expected to reach USD 678.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.3% 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 364.5 million |
| Market revenue in 2030 | USD 678.6 million |
| Growth rate | 9.3% (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, Japan accounted for 5.8% 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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Japan 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 Japan hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is one of the advanced economies with high disposable income and higher patient awareness about hearing aids. The country has a large geriatric population. Growing prevalence of hearing loss in elderly population is majorly contributing to the growth of the market.
Growing elderly population is one of the crucial factors anticipated to contribute to market growth. JapanTrak 2015, a consumer survey similar to EuroTrak, was conducted on hearing loss and hearing aids.
It was executed by Anovum (Zurich) on behalf of the Japan Hearing Instruments Manufacturers on a representative sample size of more than 14,000 people. It stated that the total hearing loss accounted for 11.3%, with adults aged 18 years and above accounting for 13.1%. The adoption of hearing aids in the country was concluded to be low.
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Our clientele includes a mix of hearing aids market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into Japan hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan hearing aids market size, by end use, 2018-2030 (US$M)
Japan Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
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