Ear Health Market
Global Ear Health Market Size, Share & Trends Analysis Report by Devices (Diagnostic Devices, Surgical Devices, Hearing Aids, Hearing Implants, CO2 Laser, and Image-Guided Surgery Systems), by Supplements, and Drugs (Analgesics, Antibiotics, and Nonsteroidal Anti-Inflammatory Drugs) Forecast Period (2022-2028)
The global ear health market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. The growing elderly population across the globe is one of the key factors which is driving the ear health market. Age-related hearing loss (Presbycusis) comes slowly as a person gets older, affecting hearing capability of ears. There are generally two types of hearing loss named Sensorineural hearing loss, and Conductive hearing loss. Some health conditions in older people such as high blood pressure, diabetes, brain injury, tumor, stroke, and others also contribute to hearing loss. According to WHO, over 5% of the world’s population around 430 million people have a hearing problem and it is estimated that by 2050 over 700 million people will have hearing loss.
Impact of COVID-19 Pandemic on Global EAR HEALTH Market
COVID-19 impacted almost every industry as the countries sealed their international borders and restricted import and export. Due to this restriction, the supply chain and operation were severely impacted, and it also impacted the healthcare sector. A decline in the sales and demand for ear-related devices and treatment was seen. The patients and doctors were avoiding coming to the hospital due to the pandemic and preferred the video consultation to stop the spread of the virus. Post pandemic the market for ear health is estimated to be normal as before.
Segmental Outlook
The global ear health market is segmented based on devices, supplements, and drugs. Based on the devices the market is segmented into diagnostic devices, surgical devices, hearing aids, hearing implants, CO2 lasers, and image-guided surgery systems. Based on drugs, the market is segmented into analgesics, antibiotics, and nonsteroidal anti-inflammatory drugs.
Global Ear Health Market Share by Devices, 2021 (%)
The Hearing Aids Segment is Expected to Hold a Significant Share in the Global Ear Health Market during the Forecast Period.
Based on devices, the hearing aids segment will hold a significant share in the ear health market across the globe. Benefits such as comfortable fitting, less strain, and more clear hearing, and others are some benefits that help the ear health market to grow. Hearing loss causes other problems such as heart-related diseases, tinnitus which is a ringing experience in one or both of the ears, and others which further boost the market as peoples with hearing loss prefers to use hearing aids which helps them in hearing. According to World Integrated Trade Solution (WITS), China exported 3,131,240 items of hearing aids to the US. This shows the rising trend for the increasing use of hearing aids across the globe and grows the market.
Regional Outlooks
The global ear health market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). North America will dominate the ear health market during the forecast period. Owing to rising cases of hearing loss in the region, according to the National Institute of Health (NIH), one in eight people in the US has hearing loss which is around 13% of the total population of the region, hence boosting the market for ear health.
Global Ear Health Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold the Considerable Share in the Global Ear Health Market during the Forecast Period.
The Asia-Pacific region is estimated to hold a considerable share in the ear health market, owing to the growing elderly population in the region and increased use of earphones in the region. Many elderly peoples have difficulties in hearing and communicating properly so they need proper timely ear health checkups and other devices to assist them, hence these factors contribute to the growth of the ear health market. According to UNFPA, the older population in the Asia-Pacific is rising rapidly, due to which 2050, one in four people in Asia and the Pacific will be over 60 years old. Around 1.3 billion people in the Asia-Pacific will be older. Which is one of the main factors contributing to the growth of the ear health market during the forecast period.
Market Players Outlook
The major companies serving the global ear health market include Sonova Holdings AG, Olympus Corp., Cochlear Ltd., Medtronic Plc, Johnson & Johnson Service, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021 GN Store Nord A/S acquired new York-based Listen Lively which used to provide online hearing care, this acquisition will help the former company to expand its reach on the online platform also and help customers explore, purchase and receive hearing care from licensed hearing care professionals in the US all from the comfort of their home.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ear health market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Ear Health Market
• Recovery Scenario of Global Ear Health Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Sonova Holdings AG
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Olympus Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Cochlear Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Medtronic Plc
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Johnson & Johnson Service, Inc.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Ear Health Market by Devices
4.1.1. Diagnostic Devices
4.1.2. Surgical Devices
4.1.3. Hearing Aids
4.1.4. Hearing Implants
4.1.5. CO2 Lasers
4.1.6. Image-Guided Surgery Systems
4.2. Global Ear Health Market by Drugs
4.2.1. Analgesics
4.2.2. Antibiotics
4.2.3. Nonsteroidal Anti-Inflammatory Drugs
4.3. Global Ear Health Market by Ear Health Supplements
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Asclepion Laser Technologies GmbH
6.2. GN Store Nord A/S
6.3. Grason-Stadler
6.4. Hillrom Holdings, Inc.
6.5. InnerScope Hearing Technologies Inc.
6.6. Interacoustics A/S.
6.7. INVENTIS srl
6.8. Karl Storz SE & Co. KG
6.9. MAICO Diagnostics GmbH
6.10. Natus Medical Inc.
6.11. Novartis AG
6.12. Oscar Remedies Pvt. Ltd.
6.13. PhytAge Labs
6.14. Rion Co., Ltd.
6.15. Stryker Corp.
6.16. The Relief Products, Inc.
6.17. William Demant Holding A/S
6.18. WS Audiology Denmark A/S
1. GLOBAL EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DEVICES, 2021-2028 ($ MILLION)
2. GLOBAL EAR DIAGNOSTIC DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL EAR SURGICAL DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL HEARING AIDS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL HEARING IMPLANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL CO2 LASERS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL IMAGE-GUIDED SURGERY SYSTEMS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL EAR HEALTH SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DRUG TREATMENT, 2021-2028 ($ MILLION)
10. GLOBAL ANALGESICS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL ANTIBIOTICS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL NONSTEROIDAL ANTI-INFLAMMATORY DRUGS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL EAR HEALTH MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN EAR HEALTH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DEVICES, 2021-2028 ($ MILLION)
16. NORTH AMERICAN EAR HEALTH MARKET RESEARCH AND ANALYSIS BY SUPPLEMENTS, 2021-2028 ($ MILLION)
17. NORTH AMERICAN EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DRUG, 2021-2028 ($ MILLION)
18. EUROPEAN EAR HEALTH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DEVICES, 2021-2028 ($ MILLION)
20. EUROPEAN EAR HEALTH MARKET RESEARCH AND ANALYSIS BY SUPPLEMENTS, 2021-2028 ($ MILLION)
21. EUROPEAN EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DRUG, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC EAR HEALTH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DEVICES, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC EAR HEALTH MARKET RESEARCH AND ANALYSIS BY SUPPLEMENTS, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DRUG , 2021-2028 ($ MILLION)
26. REST OF THE WORLD EAR HEALTH MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DEVICES, 2021-2028 ($ MILLION)
28. REST OF THE WORLD EAR HEALTH MARKET RESEARCH AND ANALYSIS BY SUPPLEMENTS, 2021-2028 ($ MILLION)
29. REST OF THE WORLD EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DRUG, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL EAR HEALTH MARKET, 2021-2028 ($ MILLION)
2. GLOBAL EAR DIAGNOSTIC DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
3. GLOBAL EAR SURGICAL DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
4. GLOBAL HEARING AIDS MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
5. GLOBAL HEARING IMPLANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
6. GLOBAL CO2 LASERS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
7. GLOBAL IMAGE-GUIDED SURGERY SYSTEMS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
8. GLOBAL EAR HEALTH SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
9. GLOBAL EAR HEALTH MARKET RESEARCH AND ANALYSIS BY DRUG TREATMENT, 2021 VS 2028 (%)
10. GLOBAL ANALGESICS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
11. GLOBAL ANTIBIOTICS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
12. GLOBAL NONSTEROIDAL ANTI-INFLAMMATORY DRUGS FOR EAR HEALTH MARKET RESEARCH AND ANALYSIS BY REGION, 2021 VS 2028 (%)
13. GLOBAL EAR HEALTH MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. US EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
16. UK EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD EAR HEALTH MARKET SIZE, 2021-2028 ($ MILLION)
