Saudi Arabia Hearing Aids Market by Product (Behind the Ear, Receiver in the Ear, In the Ear, Canal Hearing Aids, and Other), by Types of Hearing Loss (Sensorineural and Conductive Hearing loss), by Patient (Adult and Pediatric), by Sales Medium (Government and Private), Trend Analysis, Competitive Market Share and Forecast, 2015-2025

2019-09-06
Report Code: BWC19266
Available Format: PDF PDF Icon
Pages: 110

Hearing Aid Devices Market: Overview

A hearing aid is a device aimed to recover hearing by creating sound capable of being heard to a person with hearing damage. Hearing aid prospect characteristically determined by a Consultant of Audiology, who will also implement the device based on the nature and mark of the hearing loss cured. The amount of advantage experienced by the handler of the hearing aid is multi-factorial, considering severity, and etiology of the hearing damage, the technology, fitting of the device, and on the enthusiasm, personality, daily life, and inclusive fitness of the user.

There are various types of hearing aid diverge in size, control and integrated circuit such as, Behind-the-ear (BTE) hearing aids is a hard plastic case worn behind the ear and connected to a plastic ear mold which fits inside the outer ear. In-the-ear (ITE) hearing aids fit completely inside the outer ear and used for mild to severe hearing loss. Canal aids fit into the ear canal and are available in two styles. The in-the-canal (ITC) hearing aid is made to fit the size and shape of a person’s ear canal. A completely-in-canal (CIC) hearing aid is nearly hidden in the ear canal. Both types are used for mild to moderately severe hearing loss.  

Saudi Arabia Hearing Aids Market size and forecast

Saudi Arabia Hearing Aids Market expanded the momentum in recent years with a CAGR of 6.7%, in value terms, over the forecast period 2019-2025, and expected to reach USD 409.9 Million by 2025. Increasing deafness, rising geriatric population, and technological advancements & aesthetically appealing miniature devices propel the market growth. Noise emission in heavy-duty industries, as well as public carnivals, is projected to damage the hearing capacity, of people, thus increasing the demand for hearing aids devices.

Growth Drivers

Growth in binaural fitting rate

The binaural fitting has significant benefits such as speech recognition, localization, etc. The head-shadow effect is valuable for understanding speech when it is in the presence of intrusive noise. Binaural processing begins in the midbrain. The cochlea identifies sound and transfers that info to the rest of the brain.

Technological Advancements in Hearing Aids

Hearing aid technology has improved dramatically over the past several years with the introduction of digital technology connected with Bluetooth. For instance, the Opn from Oticon made for iPhone, iPad, and iPod touch, allowing you to stream audio directly into your hearing aids. OPN is also able to connect to the internet through a network known as the ‘Internet of Things.’ The Internet of Things is a system where individual devices connect and communicate with each other through the internet.

Restraints

High price of hearing aids

Despite having advantages, the instability of hearing aids and high manufacturing costs are the primary challengers for the market of hearing aids. However, continuous research and development for an effective and low-cost hearing aid are underway by government and private organizations to overcome the growth restraining factor of the hearing aids market.

Saudi Arabia Hearing Aids Market: Product Type Analysis

Based on the product, the hearing aids market segmented into Behind the Ear, Receiver in the Ear, In the Ear, Canal Hearing Aid, and Others. The receiver-in-the-ear Hearing Aids market has occupied a 68.1% market share in 2018 and will generate a revenue of 282.8 Million in 2025, due to its substantial demand advantages associated such as high efficiency, better connectivity, and ease of use. It also creates fewer problems in feedback due to the greater distance between the receiver and the microphone.

Saudi Arabia Hearing Aids Market: Hearing Loss insights

Based on hearing loss, the market has segmented into Sensorineural and Conductive Hearing loss. Sensorineural Hearing Loss Is estimated to occupied 77.4% market in 2018 and projected to reach USD 324 Million by 2025. Sensorineural hearing loss, or SNHL, occurs after inner ear damage and the most common type of permanent hearing loss. Most of the time, medicine or surgery cannot fix SNHL. Hearing aids may help to hear. Sensorineural hearing loss occurs from head trauma or abrupt changes in air pressure (e.g., airplane descent), causing inner ear fluid compartment rupture or leakage.

Saudi Arabia Hearing Aids Market: Patient Insights

Based on patient type, the market segmented into Adult and Pediatric. Adult accounted for the leading patient type with 88.01 % market share in 2018 and projected to reach USD 367.8 Million by 2025. The Middle Eastern population is aging rapidly, considered as the leading risk factor for hearing loss, the incidence, and prevalence of that disease are increasing among all the populations in the region. In 2018, there were an estimated 466 million people with disabling hearing loss worldwide, 93% of them are adults and 7% children.

Saudi Arabia hearing aids market: Sales Medium analysis

Based on the sales medium, the market bifurcated into government and private. Private sales medium is the leading segment with a CAGR of 6.9% and estimated to reach USD 367.8 Million by 2025. Private sales medium offers a robust and reliable distribution network that can reach the majority of the population. It also provides a wide range of product portfolio to its customers, and strong branding adds to fuel the demand for hearing aids.

Saudi Arabia Hearing Aids Market: Hearing Loss insights

Based on hearing loss, the market has segmented into Sensorineural and Conductive Hearing loss. Sensorineural Hearing Loss Is estimated to occupied 77.4% market in 2018 and projected to reach USD 324 Million by 2025. Sensorineural hearing loss, or SNHL, occurs after inner ear damage and the most common type of permanent hearing loss. Most of the time, medicine or surgery cannot fix SNHL. Hearing aids may help to hear. Sensorineural hearing loss occurs from head trauma or abrupt changes in air pressure (e.g., airplane descent), causing inner ear fluid compartment rupture or leakage.

Saudi Arabia Hearing Aids Market: Patient Insights

Based on patient type, the market segmented into Adult and Pediatric. Adult accounted for the leading patient type with 88.01 % market share in 2018 and projected to reach USD 367.8 Million by 2025. The Middle Eastern population is aging rapidly, considered as the leading risk factor for hearing loss, the incidence, and prevalence of that disease are increasing among all the populations in the region. In 2018, there were an estimated 466 million people with disabling hearing loss worldwide, 93% of them are adults and 7% children.

Saudi Arabia hearing aids market: Sales Medium analysis

Based on the sales medium, the market bifurcated into government and private. Private sales medium is the leading segment with a CAGR of 6.9% and estimated to reach USD 367.8 Million by 2025. Private sales medium offers a robust and reliable distribution network that can reach the majority of the population. It also provides a wide range of product portfolio to its customers, and strong branding adds to fuel the demand for hearing aids.

The objective of the Study:

      To analyze and forecast the market size of the Saudi Arabia hearing aids market, in terms of value.

      To outline, categorized and forecast the Saudi Arabia hearing aids market based on the type and Application.

      To examine competitive developments like technological advancement, services, and regulative framework within the Saudi Arabia hearing aids Market.

      To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

      To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders

Scope of the Report

By Product Type

      Behind the Ear

      Receiver in the Ear

      In the Ear

      Canal Hearing Aids

      Other 

By Hearing Loss Type

      Sensorineural

      Conductive

By Patient

      Adult 

      Pediatric

By Sales Medium

      Government

      Private

Saudi Arabia Hearing Aids Market Competitive Landscape

These companies are the key players ReSound (GN), Phonak AG, Starkey Hearing Technologies, Widex A/S, RION CO.LTD, Oticon, Signia , Microson , Batterjee & Bros. Co.in, Cochlear Limited, Arab tone in the industry.

Business Questions answer by the report

      How will the market drivers, restraints and opportunities affect the market dynamics?

      What will be the market size in terms of value and volume and market statistics with a detailed classification?

      Which segment dominates the market or region and one will be the fastest growing and why?

      A comprehensive survey of the competitive landscape and the market participant players

      Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority and that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

      With five additional company detail analysis

      Additional country analysis

      Detailed segment analysis


1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary & Secondary Sources

2.3. Breakdown of Primary Research Respondents, By Region

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Industry Participants

2.5. Market Size Estimation

2.6. Assumption for the Study

2.7. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Saudi Arabia Hearing Aids Market - Industry Insights

4.1. Industry Impact and Forces

4.1.1.   Growth Drivers

4.1.2.   Challenges

4.1.3.   Opportunities

4.2. Competitor Analysis

4.2.1.   Company Shares

4.3. Industry Ecosystem Analysis

4.4. Pricing Analysis

4.5. No. of Patient with hearing impairments or losses

4.6. Growth potential analysis, 2018

4.7. PEST Analysis

4.8. Porter Five Forces

4.9. Regulatory Framework

4.10.             Technological Landscape

4.11.             Strategic Outlook

5.    Saudi Arabia Hearing Aids Market Overview

5.1. Market Size & Forecast

5.1.1.   By Value (USD Million)

5.1.2.   By Volume (Thousand Units)

5.2. Market Share & Forecast

5.2.1.   By Product

5.2.1.1.       Behind the Ear

5.2.1.2.       Receiver in the Ear

5.2.1.3.       In the Ear

5.2.1.4.       Canal Hearing Aids

5.2.1.5.       Other

5.2.2.   By Types of Hearing Loss

5.2.2.1.       Sensorineural

5.2.2.2.       Conductive

5.2.3.   By Patient

5.2.3.1.       Adult

5.2.3.2.       Pediatric

6.    Company Profiles *

6.1. Resound (GN)

6.1.1.   Company Overview

6.1.2.   Financial Matrix

6.1.3.   Key Product landscape

6.1.4.   Key Personnel

6.1.5.   Key Competitors

6.1.6.   SWOT

6.1.7.   Contact Address

6.1.8.   Strategic Outlook

6.2. Phonak AG

6.3. Starkey Hearing Technologies

6.4. Widex A/S

6.5. RION CO.LTD

6.6. Oticon

6.7. Signia

6.8. Microson

6.9. Batterjee & Bros. Co.In

6.10.             Cochlear Limited And Arab Tone

7.    Strategic Recommendation

*Financial Details Not Be Captured in Case of Unlisted Companies

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

Need Help

Send Enquiry