Key Takeaways
- The global hearing aid market size was valued at $30.3 billion in 2023 and is expected to reach $46.5 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
- The global hearing aids market was valued at $30.2 billion in 2023 and is projected to reach $47.2 billion by 2030 (CAGR 6.3% from 2024–2030).
- The global audiology devices market size (hearing aids, cochlear implants, etc.) was estimated at $7.2 billion in 2022 and is projected to reach $12.9 billion by 2032 (CAGR 5.9%).
- About 1.5 billion people worldwide have some degree of hearing loss (WHO)
- Of these, about 430 million people have disabling hearing loss (WHO).
- Hearing loss prevalence among adults is about 34% (WHO).
- In 2019, the U.S. FDA approved the first OTC hearing aid models under the new regulatory pathway (pilot).
- FDA authorized the first over-the-counter hearing aids on October 17, 2022 (press release).
- The U.S. Medicare hearing aid coverage is limited; Original Medicare generally does not cover hearing aids (CMS statement).
- U.S. FDA authorized OTC hearing aids under 2022 final rule for certain adults with perceived mild to moderate hearing loss (FDA summary).
- FDA’s OTC hearing aids final rule established performance standards and labeling requirements (FDA).
- The FDA requires OTC hearing aids to include instructions for use and guidance for safe use and when to see a clinician (FDA OTC).
- In the U.S., there are approximately 1,800 audiology practice locations in the NAICS 621340 industry (IBISWorld estimate).
- U.S. hearing aid stores (hearing aid centers) employ about 65,000 people (IBISWorld estimate).
- The U.S. hearing aid centers industry is expected to generate $5.2 billion in revenue in 2024 (IBISWorld estimate).
Hearing care grows fast: billions in markets, millions need treatment, rising access.
Market Size & Growth
Market Size & Growth Interpretation
Epidemiology & Need
Epidemiology & Need Interpretation
Adoption, Access & Treatment
Adoption, Access & Treatment Interpretation
Technology & Clinical Practice
Technology & Clinical Practice Interpretation
Workforce, Companies & Economics
Workforce, Companies & Economics Interpretation
Policy, Funding & Regulation
Policy, Funding & Regulation Interpretation
References
- 1precedenceresearch.com/hearing-aid-market
- 5precedenceresearch.com/bone-conduction-devices-market
- 27precedenceresearch.com/over-the-counter-hearing-aids-market
- 28precedenceresearch.com/hearing-aid-batteries-market
- 29precedenceresearch.com/hearing-aid-accessories-market
- 2fortunebusinessinsights.com/hearing-aid-market-103124
- 6fortunebusinessinsights.com/hearing-test-market-103125
- 18fortunebusinessinsights.com/cochlear-implant-market-103127
- 3marketwatch.com/press-release/hearing-aids-market-to-reach-us-46-5-billion-by-2030-2024-2023-08-20
- 4globenewswire.com/news-release/2023/11/15/2779967/0/en/Cochlear-Implants-Market-to-reach-6-3-Billion-by-2032-FMI.html
- 7statista.com/statistics/244149/us-hearing-aids-market-revenue/
- 8statista.com/statistics/244159/us-hearing-aids-sales-volume/
- 9statista.com/statistics/244163/us-hearing-aid-fittings/
- 10demant.com/sites/default/files/2024-03/Demant%20Annual%20Report%202023.pdf
- 90demant.com/sites/default/files/2024-03/Demant%20Annual%20Report%2023.pdf
- 94demant.com/about-us
- 99demant.com/investor-relations/
- 11sonova.com/sites/default/files/2024-02/Sonova-annual-report-2023.pdf
- 12entrepreneur.com/business-news/hearing-aid-maker-starkey-sets-financial-goals-for-2024/451856
- 13sec.gov/ixviewer/documents/20240215x10k.htm
- 14beltone.com/about-us/
- 15group.amplifon.com/wp-content/uploads/2024/04/Amplifon-Annual-Report-2023.pdf
- 16group.amplifon.com/about-us/
- 91group.amplifon.com/brands/
- 17ibisworld.com/united-states/market-research-report/hearing-aid-centers-industry/
- 88ibisworld.com/united-states/market-research-report/audiologists-industry/
- 89ibisworld.com/united-kingdom/market-research-report/hearing-aid-centres-industry/
- 19gbe-bund.de/oegd/erwerbstaetigkeit?view=1®ion=0&katalog=03&table=1
- 20yano.co.jp/en/report/analyst/
- 21imarcgroup.com/hearing-aids-market
- 22fda.gov/medical-devices/otc-hearing-aids/overview-over-counter-otc-hearing-aids
- 44fda.gov/news-events/press-announcements/fda-authorizes-first-over-counter-hearing-aids/
- 45fda.gov/news-events/press-announcements/fda-allows-over-counter-hearing-aids/
- 65fda.gov/medical-devices/otc-hearing-aids
- 66fda.gov/regulatory-information/search-fda-guidance-documents/hearing-aid-devices-and-hearing-aids
- 67fda.gov/regulatory-information/search-fda-guidance-documents/over-counter-otc-hearing-aids
- 81fda.gov/medical-devices/implants-and-prosthetics/cochlear-implants
- 82fda.gov/medical-devices/hearing-aids/proper-use-hearing-aids
- 84fda.gov/safety/medwatch-fda-safety-information-and-adverse-event-reporting-program
- 85fda.gov/medical-devices/device-regulation-and-guidance/quality-system-regulations-qsr
- 117fda.gov/medical-devices/device-registration-and-listing
- 118fda.gov/medical-devices/premarket-submissions/510k-premarket-notification
- 119fda.gov/medical-devices/quality-systems-approach/quality-system-regulations-qsr
- 23audiology.org/newsroom/otc-hearing-aids-take-off/
- 24mordorintelligence.com/industry-reports/hearing-aids-market
- 25gminsights.com/industry-analysis/hearing-care-market
- 26marketdataforecast.com/hearing-aids-market
- 30who.int/news-room/fact-sheets/detail/deafness-and-hearing-loss
- 58who.int/publications/i/item/9789241500187
- 59who.int/publications/i/item/9789241516844
- 60who.int/news/item/27-05-2020-increasing-access-to-hearing-care
- 63who.int/news-room/events/world-hearing-day
- 64who.int/publications/i/item/9789241515960
- 79who.int/publications/i/item/9789240028927
- 83who.int/standards/classifications/international-classification-of-functioning-disability-and-health
- 104who.int/publications/i/item/9789240022628
- 114who.int/initiatives/global-cooperation-on-assistive-technology
- 115who.int/teams/social-determinants-of-health/sound-and-healthy-hearing
- 31thelancet.com/journals/lancet/article/PIIS0140-6736(21)00517-9/fulltext
- 32thelancet.com/journals/lancet/article/PIIS0140-6736(20)31099-9/fulltext
- 40thelancet.com/journals/langas/article/PIIS2468-1253(20)30018-6/fulltext
- 41thelancet.com/journals/lanpub/article/PIIS2468-2667(22)00073-7/fulltext
- 105thelancet.com/series/hearing-loss
- 33cdc.gov/ncbddd/hearingloss/data.html
- 34cdc.gov/ncbddd/hearingloss/facts.html
- 42cdc.gov/nchs/fastats/hearing.htm
- 77cdc.gov/nceh/hearing_loss/what_to_do/help_protect_hearing.html
- 78cdc.gov/niosh/topics/noise/limits.html
- 110cdc.gov/newbornscreening/law.html
- 111cdc.gov/newbornscreening/what-to-screen.html
- 35nidcd.nih.gov/health/statistics/quick-statistics-hearing
- 43nidcd.nih.gov/health/hearing-loss-children
- 80nidcd.nih.gov/health/cochlear-implants
- 36health.ec.europa.eu/system/files/2020-12/hearingloss_en_0.pdf
- 37actiononhearingloss.org.uk/what-we-do/about-hearing-loss
- 38hearing.com.au/hearing-loss-facts/
- 39www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2009048-eng.htm
- 46medicare.gov/coverage/hearing-aids
- 47va.gov/health-care/about-health-benefits/hearing-problems/
- 48medicaid.gov/medicaid/benefits/hearing-services/index.html
- 49nhs.uk/conditions/hearing-problems/treatment/
- 50nhs.uk/conditions/hearing-problems/hearing-aids/
- 112nhs.uk/nhs-services/nhs-funding/
- 51servicesaustralia.gov.au/individuals/services/centrelink/hearing-services-program
- 52canada.ca/en/services-benefits/health/social-services/non-insured-health-benefits/hearing-aids.html
- 53bundesgesundheitsministerium.de/ministerium/faq.html
- 54sundhed.dk/borger/patienthaandbog/horevaesn/horeapparater/
- 55ameli.fr/assure/remboursements/remboursement-orthophoniste-appareils-audition
- 561177.se/stockholm/other-languages/english/hearing-impairment-and-hearing-aids/
- 57mhlw.go.jp/english/policy/costs/national-health-insurance/index.html
- 61cms.gov/CCIIO/Resources/Fact-Sheets-and-FAQs/aca_implemented
- 62accessdata.fda.gov/scripts/cdrh/cfdocs/cfpmn/otc_hearing_aids.cfm
- 72accessdata.fda.gov/scripts/cdrh/cfdocs/cfPCD/classification.cfm?ID=1084
- 73accessdata.fda.gov/scripts/cdrh/cfdocs/cfPCD/classification.cfm?ID=127
- 68ecfr.gov/current/title-47/chapter-I/subchapter-G/part-20
- 69asa.scitation.org/doi/10.1121/1.5141742
- 70asa.scitation.org/doi/10.1121/1.1912621
- 71webstore.iec.ch/publication/6105
- 87webstore.iec.ch/publication/388
- 74asha.org/practice-portal/clinical-topics/audiology-evaluation/
- 75asha.org/practice-portal/audiology/evaluation/
- 76asha.org/practice-portal/clinical-topics/hearing-aids/
- 86eur-lex.europa.eu/eli/reg/2017/745/oj
- 92legacy.com/news/2021/hearusa-bankruptcy-location-count
- 93starkey.com/company/about-us
- 95abbott.com/corporate.html
- 96cochlear.com/global/en/about-us/our-company/annual-report
- 97cochlear.com/global/en/investor-centre/results-and-reports
- 98wsaud.com/investors/reports-and-presentations/
- 100bls.gov/ooh/healthcare/audiologists.htm
- 101bls.gov/ooh/healthcare/hearing-aid-and-assistive-device-specialists.htm
- 102bls.gov/oes/current/oes291092.htm
- 103bls.gov/oes/current/oes291043.htm
- 106vizhub.healthdata.org/gbd-compare/
- 107assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/296066/hearing-loss.pdf
- 108fcc.gov/hearing-aid-compatibility
- 109www2.ed.gov/about/offices/list/osers/ate/act.html
- 113nice.org.uk/search?q=hearing%20aids%20guideline
- 116apps.who.int/gb/ebwha/pdf_files/WHA70/A70_R13-en.pdf
- 120ada.gov/topics/title-i-ii-iii/
- 121hhs.gov/civil-rights/for-individuals/disability-and-health-information/fact-sheet/index.html





