Technology for hearing-assistive devices continues to get smaller, clearer, easier to use, more affordable and even more fashionable. These advancements combine with a growing and aging global population—by 2060 there are expected to be around 98 million people older than 65—to generate a rising demand for hearing technology. Tech Announcer recently summarized research findings on future growth in hearing-assistive products, technology and diagnostic devices from Global Market Insights, Inc.
This report projects product revenue will top $13 billion by 2023. Included in the market growth estimates are diagnostic devices such as audiometers, otoscopes and tympanometers, amplification devices such as cochlear implants, bone-anchored hearing aids, behind-the-ear aids, in-the-ear aids, canal hearing aids, and receiver-in-the-ear products. In addition, researchers looked at growth by category for both analog and digital technology.