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).
With 1.5 billion affected worldwide, the hearing aid market is rapidly growing, powered by expanding OTC access.
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Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Kevin O'Brien. (2026, February 13). Hearing Care Industry Statistics. Gitnux. https://gitnux.org/hearing-care-industry-statistics
Kevin O'Brien. "Hearing Care Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/hearing-care-industry-statistics.
Kevin O'Brien. 2026. "Hearing Care Industry Statistics." Gitnux. https://gitnux.org/hearing-care-industry-statistics.
Sources & references
107 datasets cited across this report · attribution is report-level
+47 additional datasets cited (not shown individually)

