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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Hearing Aid Battery Market Outlook
The Global Hearing Aid Battery Market Size 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 size 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.
Hearing Aid Battery 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 share 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.
Hearing Aid Battery Market 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.
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.
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.
Hearing Aid Battery Market 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.
Key Benefits of this Report 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
Video Summary for Hearing Aid Battery Market :
This browser does not support the video element.
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