All ears: An aging population and greater healthcare access will ring in demand

IBISWorld’s Hearing Aid Clinics market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Industry Threats & Opportunities

  • As the population ages and more people obtain healthcare, demand will expand
  • Rising revenue and profit margins have encouraged new entrants
  • The expansion of private care will provide only a moderate boost to the industry

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    Industry Analysis & Industry Trends

    The Hearing Aid Clinics industry is expected to grow over the five years to 2016. Following a multiyear drop during the recession, the industry has rebounded thanks to beneficial demographic trends, the expansion of private healthcare coverage and, ultimately, the improving economy. Because Medicare, the government-funded health insurance program that provides coverage for adults over the age of 65, does not cover hearing aids, out-of-pocket payments for industry products have remained important over the five years to 2016. Consequently, the rise in disposable income has benefited industry operators during this period. The persistence of current trends is expected to further grow the industry over the next five years...

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    Industry Report - Industry Products Chapter

    In addition to the type of hearing aids discussed below, hearing aid styles vary. Behind-the-ear aids account for 69.2% of revenue, in-the-ear aids account for 13.6% of revenue, completely in-canal account for 10.4% and in-the-canal account for 6.8%. The style of hearing aid is dependent on the level of hearing impairment, listening requirements of the consumer and personal preferences.

    Digital hearing aids

    Digital hearing aids are estimated to account for 50.0% of industry revenue in 2016. Digital hearing aids are similar to analog hearing aids but have more technological advancements and are generally more costly. Digital hearing aids use digitized sound processing to provide a clear, amplified, distortion-free sound. The..

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    Additional Insights for the Hearing Aid Clinics Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hearing Aid Clinics Industry are

  • Proximity to key markets
  • Maintenance of excellent customer relations
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older and Federal funding for Medicare and Medicaid in the Hearing Aid Clinics industry impact industry performance..

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    Industry Products

    What is the Hearing Aid Clinics Industry?

    This industry retails hearing aids for consumers of all demographics and ages. Industry operators also frequently provide hearing tests and consultation services within the store.

    Industry Products
    Analog hearing aids
    Digital hearing aids
    Batteries and accessories
    Industry Activities
    Selling hearing aid devices
    Providing audiology examinations
    Providing hearing consultation services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of adults aged 65 and older
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance
  • Per capita disposable income
  • Research and development expenditure

  • Current Performance
  • Rising incomes outweigh rising prices
  • Expanding healthcare rolls boost demand
  • Demographic trends ring in growth
  • Industry landscape expands and consolidates
  • Chart: Revenue Growth

  • Industry Outlook
  • Demographic trends accelerate industry growth
  • Health coverage expands
  • Product and market development
  • Table: Hearing Aid Clinics Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hearing Aid Clinics Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Battery Manufacturing
  • Medical Device Manufacturing

  • Products & Services
  • Digital hearing aids
  • Analog hearing aids
  • Batteries and accessories
  • Other
  • Chart: Hearing Aid Clinics Industry Products and Services Segmentation

  • Demand Determinants
  • Aging population
  • Device prices
  • Technological advancement

  • Major Markets
  • Consumers aged 65 and older
  • Consumers aged 55 to 64
  • Consumers aged 45 to 54
  • Consumers aged 18 to 34
  • Consumers aged 35 to 44
  • Consumers younger than 18
  • Chart: Major Market Segmentation for the Hearing Aid Clinics Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Hearing Aid Clinics

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hearing Aid Clinics Industry

  • Industry Globalization
    Major Companies
    Starkey Hearing TechnologiesAmplifon USASonovaWilliam Demant Holding AS
  • Table: Starkey Hearing Technologies - financial performance
  • Table: Amplifon USA - financial performance
  • Table: Sonova - financial performance
  • Table: William Demant Holding AS - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hearing Aid Clinics Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hearing Aid Clinics Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of people 65+ (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Analog Hearing Aid
  • A hearing aid that simply amplifies sound waves by making them larger. These are typically cheaper than their digital counterparts.
  • Audiologist
  • A practitioner who treats people with hearing loss and proactively prevents related damage through various testing strategies.
  • Cochlear Implant
  • A device surgically implanted within the ear; it is sometimes referred to as a bionic ear.
  • Digital Hearing Aid
  • A hearing aid that uses digital technology to process sound before converting it back to analog to be delivered in the ear. These devices process sound more selectively and more clearly.
  • Personal Sound Amplification Products (Psaps)
  • A wearable electronic product designed to be used by nonhearing impaired consumers to amplify sounds related to various recreational activities.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Hearing Aid Clinics:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hearing Aid Clinics market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hearing Aid Clinics, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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