- Globally, 1.6 billion people have hearing loss of which 430 million have moderate to severe loss.
- 80 per cent of those with moderate to severe hearing loss reside in low- and- middle-income countries.
- Less than 20 per cent of people needing hearing aids have access.
- Market segmented by type (behind-the-ear, receiver- in-canal, in-the-ear, and completely-in-canal), technology (analogue and
digital), and distribution channels (independent hearing clinics, hospitals, online retailers, optical chains and over-the-counter).
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- Global market led by five companies that have over 90 per cent of market share.
- Local manufacturers exist in middle income countries like China and India.
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- Price range in high-income countries between 500 and 4,000 dollars.
- Low- and-middle-income countries can purchase hearing aids at 60 to 175 dollars through international organization procurement.
- Additional costs include batteries, and earmould costs.
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