Asia Pacific Hearing Aids Market Forecast to 2030

According to the Research Team’ research, the Asia Pacific hearing aids market was valued at US$ 5,140.91 million in 2022 and is expected to reach US$ 7,992.16 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Growing strategic initiatives by the companies and approval of over-the-counter hearing aids are among the critical factors attributed to the Asia Pacific hearing aids market expansion.

Companies operating in the hearing aids market constantly focus on strategic developments such as collaboration, expansion, agreements, partnerships, and product launches. These help them improve their sales, expand their geographic reach, and enhance their capacities to cater to a greater than existing customer base. A few of the noteworthy developments in the hearing aids market by companies are mentioned below:

In April 2023, JIUYEE, a manufacturer of hearing aids, introduced a revolutionary new hearing aid, JIUYEE Real Pro Bluetooth intelligent hearing aids, to change how people with hearing loss live their lives. The latest hearing aid displays advanced features, such as its cutting-edge technology, owing to which users can experience clear and natural sound quality, that set it apart from traditional hearing aids; at the same time, its sleek and comfortable design provides seamless integration into daily life.

In October 2022, Sony Electronics introduced its first over-the-counter hearing aids in the market. The company is re-imagining the hearing device space, focusing on innovation, accessibility, and personalization. The unique products were developed in partnership with WS Audiology. The first two products to debut from the partnership included the CRE-C10 and the CRE-E10 self-fitting OTC hearing aids. Sony’s goal with these devices is to break down the barriers faced by individuals with signs of mild to moderate hearing loss.

In September 2022, Sony Corporation and WS Audiology Denmark entered into a partnership agreement to develop and supply new products and services in the over-the-counter (OTC) self-fitting hearing aid market. Through the partnership, both companies plan to combine their technological and medical expertise to create solutions to shape the new field.

In August 2021, Starkey introduced Evolv AI-a new hearing aid platform. Evolv AI is developed on Starkey Sound, a ground-breaking technology created by refining Starkey’s research and science-based algorithms to power high-fidelity audio modeled after the human auditory system. Starkey also launched the industry’s smallest 2.4 GHz completely-in-canal hearing aid as part of the Evolv AI line of hearing aids.

In May 2021, Sonova, acquired Sennheiser Consumer Business. With the takeover of the Sennheiser Consumer business, the company added headphones and soundbars to its hearing care portfolio, which includes hearing aids, cochlear implants, and other hearing solutions. By acquiring Sennheiser’s consumer business, Sonova leverages the complementary expertise of both companies to strengthen and expand its business areas in the future.

Thus, strategic initiatives such as the introduction of innovative products, expansion, and acquisitions by the companies to remain competitive in the market drive the hearing aids market growth.

On the contrary, high cost of customized and prescribed hearing aids hampers the growth of Asia Pacific hearing aids market.

Based on type, the Asia Pacific hearing aids market is bifurcated into prescription hearing aids and OTC hearing aids. The prescription hearing aids segment held 100.0% market share in 2022, amassing US$ 5,140.91 million. It is projected to garner US$ 7,992.16 million by 2030 to expand at 5.7% CAGR during 2022-2030.

In terms of product type, the Asia Pacific hearing aids market is bifurcated into hearing aid devices and hearing implants. The hearing aid devices segment held 75.6% share of Asia Pacific hearing aids market in 2022, amassing US$ 3,884.23 million. It is projected to garner US$ 6,123.32 million by 2030 to expand at 5.9% CAGR during 2022-2030. Furthermore, the hearing aid devices segment is subsegmented into behind-the-ear (BTE) hearing aid, in-the-ear (ITE) hearing aid, receiver-in-the-ear (RITE) hearing aid, canal hearing aid, and others. Additionally, the hearing implants segment is bifurcated into cochlear implants and bone conduction implants.

By technology, the Asia Pacific hearing aids market is bifurcated into conventional hearing aids and digital hearing aids. The conventional hearing aids segment held 61.8% share of Asia Pacific hearing aids market in 2022, amassing US$ 3,177.97 million. It is projected to garner US$ 4,771.74 million by 2030 to expand at 5.2% CAGR during 2022-2030.

Based on type of hearing loss, the Asia Pacific hearing aids market is bifurcated into sensorineural hearing loss and conductive hearing loss. The sensorineural hearing loss segment held 70.6% share of Asia Pacific hearing aids market in 2022, amassing US$ 3,630.89 million. It is projected to garner US$ 5,750.70 million by 2030 to expand at 5.9% CAGR during 2022-2030.

Based on patient type, the Asia Pacific hearing aids market is bifurcated into adults and pediatric. The adults segment held 72.8% share of Asia Pacific hearing aids market in 2022, amassing US$ 3,741.69 million. It is projected to garner US$ 5,973.66 million by 2030 to expand at 6.0% CAGR during 2022-2030.

Based on distribution channel, the Asia Pacific hearing aids market is categorized into pharmacies, retail stores, and online. The pharmacies segment held 58.9% share of Asia Pacific hearing aids market in 2022, amassing US$ 3,026.69 million. It is projected to garner US$ 4,868.95 million by 2030 to expand at 6.1% CAGR during 2022-2030.

Based on country, the Asia Pacific hearing aids market has been categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 29.9% share of Asia Pacific hearing aids market in 2022. It was assessed at US$ 1,538.38 million in 2022 and is likely to hit US$ 2,483.78 million by 2030, exhibiting a CAGR of 6.2% during 2022-2030.

Key players operating in the Asia Pacific hearing aids market are Starkey Laboratories Inc., Audina Hearing Instruments Inc, GN Store Nord AS, Cochlear Ltd, WS Audiology AS, Sonova Holding AG, and Sonic Innovations Inc, among others.

In Oct 2021, Widex launched an updated version of its application, MOMENT version 1.4.

In Aug 2022, Starkey launched an upgraded version of Evolve AI, its award-winning product.

Table 1. Hearing Aids Market Segmentation
Table 2. Hearing Aids Market- Hearing Aid Devices Revenue and Forecast to 2030 (US$ Million)
Table 3. Hearing Aids Market- Hearing Implants Revenue and Forecast to 2030 (US$ Million)
Table 4. Asia Pacific Hearing Aids Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 5. Asia Pacific Hearing Aids Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 6. Asia Pacific Hearing Aids Market, by Hearing Aids Devices for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 7. Asia Pacific Hearing Aids Market, by Hearing Implants for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 8. Asia Pacific Hearing Aids Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 9. Asia Pacific Hearing Aids Market, by Type of Hearing Loss – Revenue and Forecast to 2030 (US$ Million)
Table 10. Asia Pacific Hearing Aids Market, by Patient Type – Revenue and Forecast to 2030 (US$ Million)
Table 11. Asia Pacific Hearing Aids Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 12. China Hearing Aids Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 13. China Hearing Aids Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 14. China Hearing Aids Market, by Hearing Aid Devices for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 15. China Hearing Aids Market, by Hearing Implants for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 16. China Hearing Aids Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 17. China Hearing Aids Market, by Type of Hearing Loss – Revenue and Forecast to 2030 (US$ Million)
Table 18. China Hearing Aids Market, by Patient Type – Revenue and Forecast to 2030 (US$ Million)
Table 19. China Hearing Aids Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 20. Japan Hearing Aids Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 21. Japan Hearing Aids Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 22. Japan Hearing Aids Market, by Hearing Aid Devices for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 23. Japan Hearing Aids Market, by Hearing Implants for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 24. Japan Hearing Aids Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 25. Japan Hearing Aids Market, by Type of Hearing Loss – Revenue and Forecast to 2030 (US$ Million)
Table 26. Japan Hearing Aids Market, by Patient Type – Revenue and Forecast to 2030 (US$ Million)
Table 27. Japan Hearing Aids Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 28. India Hearing Aids Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 29. India Hearing Aids Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 30. India Hearing Aids Market, by Hearing Aid Devices for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 31. India Hearing Aids Market, by Hearing Implants for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 32. India Hearing Aids Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 33. India Hearing Aids Market, by Type of Hearing Loss – Revenue and Forecast to 2030 (US$ Million)
Table 34. India Hearing Aids Market, by Patient Type – Revenue and Forecast to 2030 (US$ Million)
Table 35. India Hearing Aids Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 36. Australia Hearing Aids Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 37. Australia Hearing Aids Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 38. Australia Hearing Aids Market, by Hearing Aid Devices for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 39. Australia Hearing Aids Market, by Hearing Implants for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 40. Australia Hearing Aids Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 41. Australia Hearing Aids Market, by Type of Hearing Loss – Revenue and Forecast to 2030 (US$ Million)
Table 42. Australia Hearing Aids Market, by Patient Type – Revenue and Forecast to 2030 (US$ Million)
Table 43. Australia Hearing Aids Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 44. South Korea Hearing Aids Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 45. South Korea Hearing Aids Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 46. South Korea Hearing Aids Market, by Hearing Aid Devices for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 47. South Korea Hearing Aids Market, by Hearing Implants for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 48. South Korea Hearing Aids Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 49. South Korea Hearing Aids Market, by Type of Hearing Loss – Revenue and Forecast to 2030 (US$ Million)
Table 50. South Korea Hearing Aids Market, by Patient Type – Revenue and Forecast to 2030 (US$ Million)
Table 51. South Korea Hearing Aids Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 52. Rest of Asia Pacific Hearing Aids Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 53. Rest of Asia Pacific Hearing Aids Market, by Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 54. Rest of Asia Pacific Hearing Aids Market, by Hearing Aid Devices for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 55. Rest of Asia Pacific Hearing Aids Market, by Hearing Implants for Product Type – Revenue and Forecast to 2030 (US$ Million)
Table 56. Rest of Asia Pacific Hearing Aids Market, by Technology – Revenue and Forecast to 2030 (US$ Million)
Table 57. Rest of Asia Pacific Hearing Aids Market, by Type of Hearing Loss – Revenue and Forecast to 2030 (US$ Million)
Table 58. Rest of Asia Pacific Hearing Aids Market, by Patient Type – Revenue and Forecast to 2030 (US$ Million)
Table 59. Rest of Asia Pacific Hearing Aids Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 60. Organic Developments Done by Companies
Table 61. Inorganic Developments Done by Companies
Table 62. Glossary of Terms, Hearing Aids Market

Figure 1. Hearing Aids Market Segmentation, By Country
Figure 2. Hearing Aids Market – Key Industry Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Hearing Aids Market Revenue (US$ Mn), 2022 – 2030
Figure 5. Asia Pacific Hearing Aids Market Revenue Share, by Type 2022 & 2030 (%)
Figure 6. Prescription Hearing Aids: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. OTC Hearing Aids: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Asia Pacific Hearing Aids Market Revenue Share, by Product Type 2022 & 2030 (%)
Figure 9. Hearing Aid Devices: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Hearing Implants: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Asia Pacific Hearing Aids Market Revenue Share, by Technology 2022 & 2030 (%)
Figure 12. Conventional Hearing Aids: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Digital Hearing Aids: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Asia Pacific Hearing Aids Market Revenue Share, by Type of Hearing Loss 2022 & 2030 (%)
Figure 15. Sensorineural Hearing Loss: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Conductive Hearing Loss: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Asia Pacific Hearing Aids Market Revenue Share, by Patient Type 2022 & 2030 (%)
Figure 18. Adults: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Pediatrics: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Asia Pacific Hearing Aids Market Revenue Share, by Distribution Channel 2022 & 2030 (%)
Figure 21. Pharmacies: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Retail Stores: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Online: Hearing Aids Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Asia Pacific Hearing Aids Market, by Key Country – Revenue (2022) (US$ Million)
Figure 25. Asia Pacific Hearing Aids Market Revenue and Forecast to 2030 (US$ Mn)
Figure 26. Asia Pacific Hearing Aids Market, By Key Countries, 2022 and 2030 (%)
Figure 27. China Hearing Aids Market Revenue and Forecast to 2030 (US$ Mn)
Figure 28. Japan Hearing Aids Market Revenue and Forecast to 2030 (US$ Mn)
Figure 29. India Hearing Aids Market Revenue and Forecast to 2030 (US$ Mn)
Figure 30. Australia Hearing Aids Market Revenue and Forecast to 2030 (US$ Mn)
Figure 31. South Korea Hearing Aids Market Revenue and Forecast to 2030 (US$ Mn)
Figure 32. Rest of Asia Pacific Hearing Aids Market Revenue and Forecast to 2030 (US$ Mn)