Assistive listening devices (ALDs) Market Size, Share, Growth, and Industry Analysis by Type (Infrared Hearing Systems, Hearing Loop Systems, Amplified Telephones Systems, Personal Hearing Amplifiers, and Others) By Application (Personal Use and Commercial Use), Regional Forecast To 2031

Updated On: 01 April 2024

Assistive listening devices (ALDs) Market REPORT OVERVIEW

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global assistive listening devices (alds) market size was USD 467.8 Million in 2022  and market is projected to touch 695.2 Million by 2031, exhibiting a CAGR of 4.5% during the forecast period.

Personal connections to technology are made possible by assistive listening devices, which facilitate communication and hearing. Technology used by people with impairments to preserve or enhance functional abilities which might be problematic to accomplish is known as assistive technology. Assistive technology makes it easier for a person to move about and carry out daily tasks, which will therefore accelerate market growth throughout the projection period. For instance, the WHO estimates that by 2030, more than 2 billion people would need at least one assistive product, such as a wheelchair, hearing aid, or memory help, as a result of an ageing world population and an increase in non-communicable diseases.

COVID-19 Impact: Pandemic Lowered the Market Demand

The COVID-19 pandemic-induced lockdown significantly affected the manufacturing industry. The scenario resulted in supply chain disruption, market uncertainty, a decline in business, and client worry. Nonetheless, the majority of countries' markets recovered after the lockdown was lifted, and normal government operations returned. The COVID-19 epidemic's onset sparked a global economic downturn. Tight measures used to contain the virus had a significant impact on the market economy. A substantial supply and demand imbalance resulted from a number of issues, including a labor and feedstock shortage, which made it difficult to design and build new devices. Market leaders concentrated on servicing the backlog of orders in order to keep a steady revenue flow in 2021.

LATEST TRENDS

"Adoption of Novel Strategies by Market Players to Boost Growth"

Sonova, Sennheiser, WS Audiology, William Demant, etc. are all providers of hearing instruments and related services. The Assistive listening devices industry leaders are well-positioned to hold key technologies and patents, with high-end customers. The two largest consumer markets in the world are America and Europe. Together, they account for about 35% of the global consumption market. China is an important sales region for businesses. Assistive listening devices are widely used for personal and commercial use. Most of the hearing aids are used for personal use and the proportion is about 75%.

Assistive listening devices (ALDs) Market Segmentation

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• By Type Analysis

By type, the market is divided into Infrared Hearing Systems, Hearing Loop Systems, Amplified Telephones Systems, Personal Hearing Amplifiers, and Others. The infrared segment holds the highest market share.

• By Application Analysis

By Application, the market is divided into Personal Use and Commercial Use. The personal use segment captured the maximum market share in 2022.

DRIVING FACTORS

"Advanced Features of Assistive listening devices (ALDs) to Facilitate Market Development"

Globally, hearing loss brought on by ageing is a widespread issue. The need to address hearing impairment has increased due to the world's ageing population, which is a key factor in the expansion of the markets for hearing aid dehumidifiers and assistive listening devices. During the course of the forecast, it is anticipated that the market for assistive technology will be driven by the rising incidence of orthopedic and neurological ailments. For instance, the Neurological Alliance estimates that there were approximately 14.7 million neurological complaints in 2019. Because at least 1 in 6 people have one or more neurological conditions that might cause learning impairments, epilepsy, and other problems, assistive technology can help people move more easily and bear less weight, which will support market expansion.

"Growing Technological Advances to Drive Growth "

The industry is also being driven by technological developments like Bluetooth connectivity, digital signal processing, and noise reduction. The drawbacks include privacy concerns with FM-assistive listening devices if the signal is picked up by another FM receiver. In addition, rechargeable devices require daily charging in addition to the extra time required to use the hearing aid dehumidifier.

RESTRAINING FACTORS

"Side Effects of ALDs to Affect Growth "

The receiver of an assistive listening system has a listening choice that is suitable for the user and receives an augmented sound signal from a transmitter with a microphone. Both wireless transmitters that are connected to a sound system and portable transmitters with lapel microphones for a single speaker are available. Both methods perform similarly, with the exception of how the signal is conveyed. The frequency or channel where the transmitter and receiver are operating must match. The signal can pass through walls and over a relatively large distance of over 100 feet. A person can utilize the receiver while standing outside of a room and still get the signal.

Assistive listening devices (ALDs) Market REGIONAL INSIGHTS

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"Presence of Prominent Players Makes North America Dominant "

orth In 2020, America is anticipated to dominate the market, and it is anticipated that it will continue to hold this position throughout the forecast period. The region's market is expanding as a result of factors such rising senior populations, greater demand for assistive goods and services, and government measures to focus more on the rights of the disabled. For instance, according to the U.S. Department of Labor Statistics, 17.9% of people in employment had a disability in 2020. Due to factors including the availability of a sizable patient pool and advancements in the healthcare infrastructure, the European area is predicted to hold the second position in the market. For instance, according to the European Commission, one-fifth of the EU's population will be disabled by 2020.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Sonova
• Sennheiser
• WS Audiology
• William Demant
• Clarity
• Panasonic
• MED-EL
• GN ReSound
• Starkey
• Rion
• Sebotek Hearing Systems
• Audina Hearing Instruments
• Austar Hearing

REPORT COVERAGE

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global acrylic yarn market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.