Turn it up: Outsourcing intensifies competition for hearing aid manufacturers

IBISWorld’s Hearing Aid Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Threats & Opportunities

  • Rising need-based demand for hearing aids from the elderly population will grow revenue
  • The industry has been characterized by consolidation and high market share concentration
  • Joint ventures will enable manufacturers to produce discrete, high-quality devices

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    Industry Analysis & Industry Trends

    The Hearing Aid Manufacturing industry is highly globalized and dominated by a variety of international firms. The industry sells high-tech products that can range drastically in price. Rising healthcare costs and other factors have spurred consumers to seek the most affordable hearing aids on the market, and firms have increasingly competed on price. Over the next five years, revenue is forecast to grow due to rising need-based demand for hearing aids from the elderly population...

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    Industry Report - Industry Analysis Chapter

    Over the five years to 2017, the US market has displayed rising demand for hearing aids, given its burgeoning elderly population, which has increasingly required hearing aids to address their age- and chronic disease-related hearing loss. According to data from National Public Radio (NPR), an estimated 30.0 million Americans experienced significant hearing loss, with one-third of these individuals receiving hearing aids. However, stimulated by the rise of warehouse clubs and supercenters, hearing aid companies have opted to increasingly produce hearing aid products in developing countries, where they can leverage low labor costs to drive down selling prices. Con..

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    Additional Insights for the Hearing Aid Manufacturing Industry

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

  • Ability to effectively change community behavior
  • Ability to quickly adopt new technology
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Number of adults aged 65 and older in the Hearing Aid Manufacturing industry impact industry performance..

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    Industry Products

    What is the Hearing Aid Manufacturing Industry?

    This industry manufactures audiological devices, including hearing aids, measurement and testing devices and cochlear implants.

    Industry Products
    RIC/RITE hearing aids
    BTE hearing aids
    ITE hearing aids
    ITC hearing aids
    CIC hearing aids
    Cochlear Implants
    Industry Activities
    Manufacturing behind-the-ear hearing aids
    Manufacturing on-the-ear hearing aids
    Manufacturing in-the-ear hearing aids
    Manufacturing in-the-canal and completely-in-the-canal hearing aids

    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
  • Trade-weighted index
  • Number of adults aged 65 and older
  • Demand from warehouse clubs and supercenters
  • Demand from medical supplies wholesaling
  • Federal funding for Medicare and Medicaid

  • Current Performance
  • Domestic market
  • Global trade
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • A hostile domestic market
  • International trade
  • Table: Hearing Aid Manufacturing Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Pharmacies & Drug Stores
  • Department Stores
  • Hospitals
  • Elderly & Disabled Services
  • Civic, Social & Youth Organizations
  • Consumers

  • Key Selling Industries
  • Biotechnology
  • Petrochemical Manufacturing

  • Products & Services
  • RIC/RITE hearing aids
  • Cochlear Implants
  • BTE hearing aids
  • ITE hearing aids
  • ITC hearing aids
  • CIC hearing aids
  • Chart: Hearing Aid Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 40 to 69
  • Individuals aged 70 and older
  • Individuals aged 39 and younger
  • Chart: Major Market Segmentation for the Hearing Aid Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Hearing Aid Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hearing Aid Manufacturing Industry

  • Industry Globalization
    Major Companies
    William Demant Holding ASStarkey Hearing TechnologiesSonova GroupSivantos Group
  • Table: William Demant Holding AS - financial performance
  • Table: Starkey Hearing Technologies - financial performance
  • Table: Sonova Group - financial performance
  • Table: Sivantos Group - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hearing Aid Manufacturing 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 Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Trade-weighted index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Behind-The-Ear (Bte) Hearing Aids
  • Behind-the-ear hearing aids fit behind the ear and provide sound to the patient's ear through a small length of tubing in the ear canal.
  • Cochlear Implants
  • A small electronic hearing device for patients that are deaf or significantly hard of hearing, which has an external portion that goes behind the patient's ear and a part that is surgically implanted.
  • In-The-Ear (Ite) Hearing Aids
  • In-the-ear hearing aids fit in the outer ear bowl, or the patient's concha.
  • Receiver-In-Canal (Ric) Hearing Aids
  • Receiver-in-canal hearing aids are small digital hearing aids that are attached to a small ear tip by a micro tube.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hearing Aid Manufacturing:
    • 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 Manufacturing 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 Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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