AI Hearing Aid Market Trends and Forecast
The future of the global AI hearing aid market looks promising with opportunities in the retail pharmacy, hospital pharmacy, and online pharmacy markets. The global AI hearing aid market is expected to reach an estimated $4.4 billion by 2030 with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are rising awareness of hearing loss treatment options, increasing disposable income, and advances in AI technology enhances hearing aid functionality.
• Lucintel forecasts that behind-the-ear AI hearing aid is expected to witness the highest growth over the forecast period.
• Within this market, retail pharmacy is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Hearing Aid Market
• United States: Starkey Hearing Technologies announced a new AI-driven hearing aid model with integrated health tracking. The U.S. government also increased funding for hearing aid accessibility under Medicare.
• Germany: Siemens Healthineers introduced AI-enhanced hearing aids designed to improve speech recognition. The German government launched a public-private partnership to advance hearing aid technology.
• Japan: Sony Corporation unveiled its latest AI-powered hearing aids, focusing on personalized soundscapes. The Japanese government announced subsidies for elderly citizens to access advanced hearing aids.
• United Kingdom: GN Hearing launched AI-based hearing aids with machine learning capabilities for better user adaptation. The UK’s National Health Service (NHS) expanded its AI-driven hearing aid programs to include more advanced options.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Hearing Aid Market by Segment
The study includes a forecast for the global AI hearing aid market by type, application, and region.
AI Hearing Aid Market by Type [Value from 2018 to 2030]:
• Behind-the-Ear AI Hearing Aids
• In-Ear AI Hearing Aids
• Ear Canal AI Hearing Aids
AI Hearing Aid Market by Application [Value from 2018 to 2030]:
• Retail Pharmacy
• Hospital Pharmacy
• Online Pharmacy
AI Hearing Aid Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Hearing Aid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI hearing aid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI hearing aid companies profiled in this report include-
• GNReSound
• Starkey
• Oticon
• Signia
• Widex
• Philips
• Nuear
Recent Development in the AI Hearing Aid Market
• Sonova Holding AG: Sonova has recently introduced its new Phonak Audéo™ Paradise line of hearing aids, which integrates AI technology to provide enhanced sound quality and personalized auditory experiences. The devices feature machine learning algorithms that adapt to the userÄX%$%Xs environment and preferences.
• Widex: Widex has launched the Widex MOMENT™ hearing aid, which uses artificial intelligence to deliver natural sound by reducing the typical delay between sounds entering the microphone and being processed by the hearing aid. This AI-driven approach aims to improve the overall hearing experience for users.
• Starkey Hearing Technologies: Starkey has developed the Livio AI, the world’s first hearing aid with integrated sensors and artificial intelligence. The device not only enhances hearing but also tracks physical and cognitive health metrics, providing a holistic approach to hearing care.
• Oticon: OticonÄX%$%Xs latest innovation, the Oticon More™, utilizes a deep neural network to process sound in a way that mimics the human brain. This AI-powered hearing aid improves speech understanding and reduces listening effort by learning from millions of real-life sound scenes.
• GN Hearing: GN Hearing has introduced the ReSound ONE, which incorporates AI to deliver a more individualized hearing experience. The device uses advanced algorithms to analyze sound environments and automatically adjust settings, offering users a tailored and seamless listening experience.
Features of the Global AI Hearing Aid Market
Market Size Estimates: AI hearing aid market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI hearing aid market size by type, application, and region in terms of value ($B).
Regional Analysis: AI hearing aid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI hearing aid market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI hearing aid market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the AI hearing aid market size?
Answer: The global AI hearing aid market is expected to reach an estimated $4.4 billion by 2030.
Q2. What is the growth forecast for AI hearing aid market?
Answer: The global AI hearing aid market is expected to grow with a CAGR of 8.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the AI hearing aid market?
Answer: The major drivers for this market are rising awareness of hearing loss treatment options, increasing disposable income, and advances in AI technology enhances hearing aid functionality.
Q4. What are the major segments for AI hearing aid market?
Answer: The future of the global AI hearing aid market looks promising with opportunities in the retail pharmacy, hospital pharmacy, and online pharmacy markets.
Q5. Who are the key AI hearing aid market companies?
Answer: Some of the key AI hearing aid companies are as follows:
• GNReSound
• Starkey
• Oticon
• Signia
• Widex
• Philips
• Nuear
Q6. Which AI hearing aid market segment will be the largest in future?
Answer: Lucintel forecasts that behind-the-ear AI hearing aid is expected to witness the highest growth over the forecast period.
Q7. In AI hearing aid market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI hearing aid market by type (behind-the-ear AI hearing aids, in-ear AI hearing aids, and ear canal AI hearing aids), application (retail pharmacy, hospital pharmacy, and online pharmacy), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Hearing Aid Market, AI Hearing Aid Market Size, AI Hearing Aid Market Growth, AI Hearing Aid Market Analysis, AI Hearing Aid Market Report, AI Hearing Aid Market Share, AI Hearing Aid Market Trends, AI Hearing Aid Market Forecast, AI Hearing Aid Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.