U.S. Hearing Aids Market Size & Outlook, 2023-2030
U.S. hearing aids market, 2018-2030 (US$M)
Related Markets
U.S. hearing aids market highlights
- The U.S. hearing aids market generated a revenue of USD 1,558.8 million in 2023 and is expected to reach USD 2,288.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.6% 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 1,558.8 million |
| Market revenue in 2030 | USD 2,288.5 million |
| Growth rate | 5.6% (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, U.S. accounted for 24.7% 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 North America, U.S. hearing aids market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 299.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 79.98% in 2023. Horizon Databook has segmented the U.S. hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Institute on Disability, hearing impairment was one of the most prevalent disabilities in the U.S. population in 2016. The number of patients suffering from hearing disability is high owing to presence of a large geriatric population in the U.S. Hearing disability is directly associated with population age group.
Generally, children below the age of 5 and between 5 and 17 years are at a low risk of hearing disability, for instance, the prevalence of hearing impairment was 0.5% and 0.6% in both age groups, respectively, in 2015. While the people in the age group of 18 to 64 and above 65 years of age are at a higher risk of hearing disability with prevalence being about 2.0% to 14.6%, respectively, in 2015.
Increase in awareness about various treatment options available for hearing loss by birth in children, easy availability of hearing aids, and increase in adoption of hearing aids are some of the factors expected to drive the demand for hearing aids in the U.S.
Reasons to subscribe to U.S. hearing aids market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. hearing aids market databook
-
Our clientele includes a mix of hearing aids market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into U.S. hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. hearing aids market size, by end use, 2018-2030 (US$M)
U.S. Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
