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U.S. Hearing Aids Market Size, Future Growth, Share, Supply, Demand, Segments and Forecast 2021-2028

The U.S. hearing aids market size was USD 2.53 billion in 2020. The global impact of COVID-19 was unprecedented and staggering, with hearing devices witnessing a negative demand across the U.S. amid the pandemic. Based on our analysis, the U.S. market exhibited a substandard growth of -16.0% in 2020 as compared to the average year-on-year growth during 2017-2019. The market is projected to grow from USD 2.65 billion in 2021 to USD 4.48 billion in 2028 at a CAGR of 7.8% in the 2021-2028 period. The sudden fall in CAGR is attributable to a decrease in demand and growth, returning to pre-pandemic levels once the pandemic is over.

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Some of the leading companies operating in the U.S. Hearing Aids market include:

  • Sonova (Stäfa, Switzerland)
  • Demant A/S (Copenhagen, Denmark)
  • GN Store Nord A/S (Ballerup, Denmark)
  • Cochlear Ltd (Sydney, Australia)
  • WS Audiology (Lynge, Denmark)
  • RION Co., Ltd.(Tokyo, Japan)
  • Other Prominent Players

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