Global Hearing Aid Battery Market

Global Hearing Aid Battery Market By Types (Zinc-Air Battery, Lithium Ion Rechargeable Battery, And Silver-Zinc Rechargeable Battery), Size (Size 10, Size 13, Size 312, And Size 675), And Distribution Channel (Online And Offline), and Regions (North America, Europe, Asia Pacific, Latin America and Middle East and Africa (MEA))

  • Report ID: HC-2600
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 249
  • Format:
  • Pub. Date: 09-09-2021
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Market Outlook:

The Global Hearing Aid Battery Market was valued at USD 1,403.2 million in 2020 and is projected to reach USD 1,987.1 million by 2028, expanding at a CAGR of 4.6% during the forecast period. The hearing aid battery market is projected to expand at a rapid pace globally, owing to urbanization and increasing population.

A hearing aid battery is used in hearing aids to help people who are deaf or hard of hearing. Different sizes, styles, and color-coding are available for these batteries. It is difficult to detect and remember the differences in size. As a result, battery packaging is color-coded for easy finding and purchasing of the necessary batteries. Hearing aid batteries come in a variety of colors: yellow, brown, orange, and blue. Hearing aid batteries last 1 to 20 days on an average. Hearing aid batteries ensure continuous working of hearing aids. Hearing aids are powered by batteries. Most hearing aids used little "button" batteries that had to be replaced every few days to weeks. Many hearing aid devices now include rechargeable batteries.

Ear trumpets and ear horns were passive amplification cones designed to gather sound energy and direct it into the ear canal. Modern devices are automated electroacoustic systems that use audio metrical and cognitive criteria to transform environmental sound into audible sound. It has a sophisticated digital signal refining system that attempts and improves speech accessibility and comfort for the user. Response management, large dynamic range compression, directionality, frequency lowering, and noise depletion are examples of signal processing. A pattern that matches the wearer's hearing loss, physical traits, and lifestyle is required for such a hearing aid. The hearing aid is tuned to the most recent audiogram and projected at a certain frequency.

Need for rechargeable batteries increased, due to advancements in battery technology and the evolution of hearing aid devices, which fueled the expansion of the hearing aid battery market. Bluetooth technology, which uses radio frequencies to transfer data from one electronic device to another to enable wireless communication between the hearing equipment and a smartphone, is used in many modern hearing devices. Hearing aid batteries are available on e-commerce platforms for a lower price than the maximum retail price. As a result, demand for medical gadgets on internet marketplaces is increasing.

Global Hearing Aid Battery Market key takeaways

Market Dynamics

Demand for hearing aids is driven by the simplicity of purchasing and the speed with which products are delivered. The hearing aid battery market is expected to develop, due to rapidly growing E-commerce industry and online sales of hearing aid devices throughout the projected period. Key trends that assist the growth of the hearing aid batteries market are the vulnerability of IT-enabled hearing aid devices and the introduction of Bluetooth in hearing aid devices. Over the last few years, the trend of growing elderly population around the world accelerated significantly. Hearing impairments increased as a result of industrial activities and urbanization.

Segmental Outlook

In terms of types, the hearing aid battery market is segmented into zinc-air battery, lithium ion rechargeable battery, and silver-zinc rechargeable battery. Over the projected period, the zinc-air batteries segment is expected to dominate the market. Growing use of zinc-air batteries as power sources in remote railway signaling and navigation aid systems is driving the market. The lithium ion rechargeable battery segment is expected to expand at a significant CAGR, due to rising demand for plug-in vehicles, increased demand for battery-operated material-handling equipment in industries due to automation, continuous development of smart devices, and growing adoption of lithium-ion batteries in the renewable energy sector. The zinc-air batteries segment is projected to expand at a rapid CAGR, as a huge variety of electrical gadgets and appliances used in daily life are powered by zinc-air batteries. Watches, hearing aids, pagers, and other devices employ zinc-air batteries. These batteries have high energy density and are inexpensive to manufacture.

Global Hearing Aid Battery Market by types

In terms of size, the hearing aid battery market is segmented into size 10, size 13, size 312, and size 675. The size 675 segment is expected to dominate the market during the forecast period, as it delivers long battery life in a device. Hearing aids that require high power use size 675 batteries. Over the forecast period, the demand for size 10 batteries is expected to increase, due to various benefits offered by the equipment. Factors that are projected to boost the demand for size 10 batteries are low maintenance cost and high savings. Size 675 is the largest among all sizes and have long battery life from 9 to 20 days, which is anticipated to fuel the segment.

Global Hearing Aid Battery Market by size

In terms of distribution channels, the hearing aid battery market is bifurcated into online and offline. Over the projected period, the online distribution channel segment is expected to dominate the market. During the Covid-19 pandemic, the entire world was in a lockdown for several months, which provided opportunities for major participants in the online sales of hearing aid batteries. Over the forecast period, the demand for the offline distribution channel segment is expected to increase, as customers prefer to check the products and make purchases through offline distribution channels. The usual method of purchasing a product or piece of equipment is through offline distribution channels. The capacity to inspect a product and make an informed decision is the primary benefit of offline purchases.

Global Hearing Aid Battery Market by distribution channels

Region Wise Outlook

Based on regions, the global hearing aid battery market is fragmented into North America, Europe, Latin America, and Middle East & Africa. Europe accounted for a significant share of the market in 2020 and the market in regions such as Asia Pacific (APAC) and North America is anticipated to expand at a substantial CAGR during the forecast period. Europe is expected to dominate the global hearing aid battery market in the forecast period, due to increasing prevalence of deafness as well as increased public knowledge of technical breakthroughs. Asia Pacific holds a substantial share of the market during the forecast period, due to rapid industrialization in the region. The market in Asia Pacific is expected to develop at a rapid rate over the forecast period, due to huge population base, rising incidence of the geriatric population, and advancements in distribution networks of market players. Over the forecast period, several factors, such as the expanding industrial sector and increased investments in the hearing aid batteries infrastructure sector, are expected to boost the demand for hearing aid batteries in North America. Various governments in North America are investing in the development of hearing aid batteries, which is projected to fuel the demand for hearing aid batteries. Hearing loss affects 11 million people in the UK. Hearing impairment is projected to increase as the population in Europe ages, which is expected to drive the market in Europe. Outsource manufacturing emerged as a prominent trend among industry participants to improve or maintain their market position. China and South Korea are among the top locations for outsource manufacturing, due to manufacturing skills, low manufacturing costs, and significant presence of skilled experts in the countries.

Global Hearing Aid Battery Market by regions

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the global hearing aid battery market
  • Historical, Current, and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints, and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on global hearing aid battery market performance

Segments

Key Segments Covered

By Types

  • Zinc-Air Battery
  • Lithium Ion Rechargeable Battery
  • Silver-Zinc Rechargeable Battery

By Size

  • Size 10
  • Size 13
  • Size 312
  • Size 675

By Distribution Channel

  • Offline (Specialty Stores, Supermarket, Retail Outlets)
  • Online (E-commerce Websites, Company-owned Websites)

 

Competitive Landscape

  • Some of the key players in the market include Energizer, Duracell, MAXELL UK LTD, Panasonic, RAYOVAC, Starkey Laboratories, Inc, Toshiba Batteries, VARTA Consumer Batteries GmbH & Co, Widex, ICellTech, and Zpower. These companies are considered as key manufacturers of Global Pineapple based on their revenue, product offerings and supply chain management system.
  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where there is potential opportunity for the Global Pineapple market.

Video Summary for Global Hearing Aid Battery Market

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hearing Aid Battery Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Hearing Aid Battery Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Hearing Aid Battery Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Hearing Aid Battery Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Hearing Aid Battery Market Size & Forecast, 2018-2028
      4.5.1 Hearing Aid Battery Market Size and Y-o-Y Growth
      4.5.2 Hearing Aid Battery Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, 2018-2028
   4.7 Key Standards and regulations
   4.8 The Changing Landscape of Hearing Aid Batteries
   4.9 Brand Analysis Overview

Chapter 5 Global Hearing Aid Battery Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Hearing Aid Battery Market Size & Volume Forecast By Type
      5.2.1 Zinc-Air Battery
      5.2.2 Lithium Ion Rechargeable Battery
      5.2.3 Silver-Zinc Rechargeable Battery
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Hearing Aid Battery Market Analysis and Forecast By Size
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Size
      6.1.2 Basis Point Share (BPS) Analysis By Size
      6.1.3 Absolute $ Opportunity Assessment By Size
   6.2 Hearing Aid Battery Market Size & Volume Forecast By Size
      6.2.1  Size 10
      6.2.2 Size 13
      6.2.3 Size 312
      6.2.4 Size 675
   6.3 Market Attractiveness Analysis By Size
Chapter 7 Global Hearing Aid Battery Market Analysis and Forecast By Distribution Channel
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
      7.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
      7.1.3 Absolute $ Opportunity Assessment By Distribution Channel
   7.2 Hearing Aid Battery Market Size & Volume Forecast By Distribution Channel
      7.2.1 Offline
         7.2.1.1 Specialty Stores
         7.2.1.2 Supermarket

         7.2.1.3 Retail Outlets
      7.2.2 Online
         7.2.2.1 E-commerce Websites
         7.2.2.2 Company-owned Websites
   7.3 Market Attractiveness Analysis By Distribution Channel
Chapter 8 Global Hearing Aid Battery Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Hearing Aid Battery Market Size & Volume Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Hearing Aid Battery Analysis and Forecast
   10.1 Introduction
   10.2 North America Hearing Aid Battery Market Size & Volume Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Hearing Aid Battery Market Size & Volume Forecast By Type
      10.6.1 Zinc-Air Battery
      10.6.2 Lithium Ion Rechargeable Battery
      10.6.3 Silver-Zinc Rechargeable Battery
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Hearing Aid Battery Market Size & Volume Forecast By Size
      10.10.1  Size 10
      10.10.2 Size 13
      10.10.3 Size 312
      10.10.4 Size 675
   10.11 Basis Point Share (BPS) Analysis By Size
   10.12 Absolute $ Opportunity Assessment By Size
   10.13 Market Attractiveness Analysis By Size
   10.14 North America Hearing Aid Battery Market Size & Volume Forecast By Distribution Channel
      10.14.1 Offline
         10.14.1.1 Specialty Stores
         10.14.1.2 Supermarket
         10.14.1.3 Retail Outlets
      10.14.2 Online
         10.14.2.1 E-commerce Websites
         10.14.2.2 Company-owned Websites
   10.15 Basis Point Share (BPS) Analysis By Distribution Channel
   10.16 Absolute $ Opportunity Assessment By Distribution Channel
   10.17 Market Attractiveness Analysis By Distribution Channel
Chapter 11 Europe Hearing Aid Battery Analysis and Forecast
   11.1 Introduction
   11.2 Europe Hearing Aid Battery Market Size & Volume Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Hearing Aid Battery Market Size & Volume Forecast By Type
      11.6.1 Zinc-Air Battery
      11.6.2 Lithium Ion Rechargeable Battery
      11.6.3 Silver-Zinc Rechargeable Battery
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Hearing Aid Battery Market Size & Volume Forecast By Size
      11.10.1  Size 10
      11.10.2 Size 13
      11.10.3 Size 312
      11.10.4 Size 675
   11.11 Basis Point Share (BPS) Analysis By Size
   11.12 Absolute $ Opportunity Assessment By Size
   11.13 Market Attractiveness Analysis By Size
   11.14 Europe Hearing Aid Battery Market Size & Volume Forecast By Distribution Channel
      11.14.1 Offline
         11.14.1.1 Specialty Stores
         11.14.1.2 Supermarket
         11.14.1.3 Retail Outlets
      11.14.2 Online
         11.14.2.1 E-commerce Websites
         11.14.2.2 Company-owned Websites
   11.15 Basis Point Share (BPS) Analysis By Distribution Channel
   11.16 Absolute $ Opportunity Assessment By Distribution Channel
   11.17 Market Attractiveness Analysis By Distribution Channel
Chapter 12 Asia Pacific Hearing Aid Battery Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Hearing Aid Battery Market Size & Volume Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Hearing Aid Battery Market Size & Volume Forecast By Type
      12.6.1 Zinc-Air Battery
      12.6.2 Lithium Ion Rechargeable Battery
      12.6.3 Silver-Zinc Rechargeable Battery
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Hearing Aid Battery Market Size & Volume Forecast By Size
      12.10.1  Size 10
      12.10.2 Size 13
      12.10.3 Size 312
      12.10.4 Size 675
   12.11 Basis Point Share (BPS) Analysis By Size
   12.12 Absolute $ Opportunity Assessment By Size
   12.13 Market Attractiveness Analysis By Size
   12.14 Asia Pacific Hearing Aid Battery Market Size & Volume Forecast By Distribution Channel
      12.14.1 Offline
         12.14.1.1 Specialty Stores
         12.14.1.2 Supermarket
         12.14.1.3 Retail Outlets
      12.14.2 Online
         12.14.2.1 E-commerce Websites
         12.14.2.2 Company-owned Websites
   12.15 Basis Point Share (BPS) Analysis By Distribution Channel
   12.16 Absolute $ Opportunity Assessment By Distribution Channel
   12.17 Market Attractiveness Analysis By Distribution Channel
Chapter 13 Latin America Hearing Aid Battery Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Hearing Aid Battery Market Size & Volume Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Hearing Aid Battery Market Size & Volume Forecast By Type
      13.6.1 Zinc-Air Battery
      13.6.2 Lithium Ion Rechargeable Battery
      13.6.3 Silver-Zinc Rechargeable Battery
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Hearing Aid Battery Market Size & Volume Forecast By Size
      13.10.1  Size 10
      13.10.2 Size 13
      13.10.3 Size 312
      13.10.4 Size 675
   13.11 Basis Point Share (BPS) Analysis By Size
   13.12 Absolute $ Opportunity Assessment By Size
   13.13 Market Attractiveness Analysis By Size
   13.14 Latin America Hearing Aid Battery Market Size & Volume Forecast By Distribution Channel
      13.14.1 Offline
         13.14.1.1 Specialty Stores
         13.14.1.2 Supermarket
         13.14.1.3 Retail Outlets
      13.14.2 Online
         13.14.2.1 E-commerce Websites
         13.14.2.2 Company-owned Websites
   13.15 Basis Point Share (BPS) Analysis By Distribution Channel
   13.16 Absolute $ Opportunity Assessment By Distribution Channel
   13.17 Market Attractiveness Analysis By Distribution Channel
Chapter 14 Middle East & Africa (MEA) Hearing Aid Battery Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Hearing Aid Battery Market Size & Volume Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Hearing Aid Battery Market Size & Volume Forecast By Type
      14.6.1 Zinc-Air Battery
      14.6.2 Lithium Ion Rechargeable Battery
      14.6.3 Silver-Zinc Rechargeable Battery
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Hearing Aid Battery Market Size & Volume Forecast By Size
      14.10.1  Size 10
      14.10.2 Size 13
      14.10.3 Size 312
      14.10.4 Size 675
   14.11 Basis Point Share (BPS) Analysis By Size
   14.12 Absolute $ Opportunity Assessment By Size
   14.13 Market Attractiveness Analysis By Size
   14.14 Middle East & Africa (MEA) Hearing Aid Battery Market Size & Volume Forecast By Distribution Channel
      14.14.1 Offline
         14.14.1.1 Specialty Stores
         14.14.1.2 Supermarket
         14.14.1.3 Retail Outlets
      14.14.2 Online
         14.14.2.1 E-commerce Websites
         14.14.2.2 Company-owned Websites
   14.15 Basis Point Share (BPS) Analysis By Distribution Channel
   14.16 Absolute $ Opportunity Assessment By Distribution Channel
   14.17 Market Attractiveness Analysis By Distribution Channel
Chapter 15 Competition Landscape
   15.1 Hearing Aid Battery Market: Competitive Dashboard
   15.2 Global Hearing Aid Battery Market: Market Share Analysis, 2020
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Duracell Inc.
      15.3.2 Energizer Holdings Inc
      15.3.3 Starkey Laboratories Inc.
      15.3.4 Maxell Joei Tech Co., Ltd.
      15.3.5 Panasonic Corporation
      15.3.6 Toshiba Corporation
      15.3.7 VARTA AG
      15.3.8 WS Audiology
      15.3.9 ZPower
      15.3.10 Renata batteries
      15.3.11 GPB International Limited
      15.3.12 Eastman Kodak Company

Key Segments Covered

By Types

  • Zinc-Air Battery
  • Lithium Ion Rechargeable Battery
  • Silver-Zinc Rechargeable Battery

By Size

  • Size 10
  • Size 13
  • Size 312
  • Size 675

By Distribution Channel

  • Offline (Specialty Stores, Supermarket, Retail Outlets)
  • Online (E-commerce Websites, Company-owned Websites)

 

  • Some of the key players in the market include Energizer, Duracell, MAXELL UK LTD, Panasonic, RAYOVAC, Starkey Laboratories, Inc, Toshiba Batteries, VARTA Consumer Batteries GmbH & Co, Widex, ICellTech, and Zpower. These companies are considered as key manufacturers of Global Pineapple based on their revenue, product offerings and supply chain management system.
  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where there is potential opportunity for the Global Pineapple market.

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles are provided on request

According to this Growth Market Reports report, the hearing aid battery market is expected to register a CAGR of 4.6% during the forecast period, 2020-2028, with an anticipated valuation of USD 1,987.1 million by the end of 2028.

In addition to market size (in US$ Million), Company Market Share (in % for base year 2020), Regulatory Landscape, Technology Landscape, Patent Analysis, Consumer Survey, and Pipeline /Clinical Trial Analysis are available in the report.

Demand for hearing aids is driven by the simplicity of purchasing and the speed with which products are delivered. The hearing aid battery market is expected to develop, due to rapidly growing E-commerce industry and online sales of hearing aid devices throughout the projected period. Key trends that assist the growth of the hearing aid batteries market are the vulnerability of IT-enabled hearing aid devices and the introduction of Bluetooth in hearing aid devices.

End-uses of hearing aid battery include adults, teenagers, adults.

The base year considered for the global hearing aid battery market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 and 2019 are the historic years, and the forecast is provided from 2020 to 2028.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to decline to a growth rate 0.7% between 2019 and 2020, owing to the effect of COVID 19 pandemic on the hearing aid battery market

Factors such as government regulations, E-commerce industry, GDP, technological advancement, R&D activities, and population are analyzed in the final report.

Major players include Energizer, Duracell, MAXELL UK LTD, Panasonic, RAYOVAC, Starkey Laboratories, Inc, Toshiba Batteries, VARTA Consumer Batteries GmbH & Co, Widex, ICellTech and Zpower.