Report ID: SQSG35A2005
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Hearing Aid Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Hearing Aid industry players.
The increasing prevalence of hearing loss, especially among the elderly, serves as the primary driver of the global hearing aid market. According to the WHO, over 1.5 billion people currently live with some degree of hearing impairment, and this number is expected to rise due to aging populations and prolonged exposure to high noise levels. As hearing loss significantly impacts communication, mental health, and quality of life, the demand for effective hearing solutions is intensifying. This rising need is pushing healthcare providers and manufacturers to expand access, affordability, and awareness of hearing aids, fueling steady market growth globally.
According to SkyQuest Technology “Global Hearing Aid Market” By Product Type (Hearing Aid Devices, Hearing Implants), By Technology (Analog Hearing Aids, Digital Hearing Aids), By Patient Type, By Region - Industry Forecast 2025-2032,” Global hearing aid market is projected to grow at a CAGR of over 6.7% by 2032, on account of urgent need for automating quantified data. Technological innovation is a pivotal factor accelerating the growth of the global hearing aid market. Modern hearing aids now integrate advanced features such as artificial intelligence, Bluetooth connectivity, directional microphones, and rechargeable lithium-ion batteries.
|
Company |
Est. Year |
Headquarters |
Revenue |
Key Services |
|
Starkey Hearing Technologies |
1967 |
Eden Prairie, Minnesota |
Revenue Not Disclosed |
Hearing aid design and manufacturing, digital hearing technology, remote programming, tele-audiology, tinnitus management, hearing healthcare services |
|
Eargo, Inc. |
2010 |
San Jose, California |
Revenue Not Disclosed |
Direct-to-consumer hearing aids, rechargeable in-ear devices, online hearing screening, tele-audiology consultation, remote fitting, product financing |
|
Austar Hearing Science & Technology (Xiamen) Co., Ltd. |
2003 |
Xiamen, Fujian |
Revenue Not Disclosed |
Hearing aid R&D and manufacturing, digital programmable devices, OEM/ODM services, diagnostic equipment, after-sales service, audiology training |
|
Earsmate Technology Group Ltd. |
2016 |
Zhongshan (Dong Sheng Town), Guangdong |
Revenue Not Disclosed |
OTC hearing aids, personal sound amplification products, custom OEM/ODM manufacturing, hearing protection, export distribution, affordable hearing solutions |
|
Audien Hearing |
2020 |
USA |
Revenue Not Disclosed |
Low-cost hearing aids, rechargeable invisible devices, direct-to-consumer sales, mail-order delivery, online support, customer subscription services |
|
Amplifon S.p.A. |
1950 |
Milan, Lombardy |
USD 2,608.10 million (2024) |
Retail hearing care, diagnostic testing, personalized fitting, hearing aid repair, after-sales services, audiology consultation, franchise network management |
|
MED‑EL GmbH |
1990 |
Innsbruck, Tyrol |
Revenue Not Disclosed |
Cochlear implants, middle ear and bone conduction implants, auditory brainstem implants, R&D in hearing restoration, surgical support, rehabilitation programs |
|
Multitone Electronics plc |
1931 |
London / Basingstoke, United Kingdom |
USD 15.4 million (2024) |
Hearing assistance systems, wireless communication, hospital paging systems, nurse call alarms, emergency communication, industrial alerting solutions |
|
Telex Communications, Inc. |
1936 |
Burnsville, Minnesota |
Revenue Not Disclosed |
Hearing aid manufacturing, assistive listening devices, audiometric systems, wireless communications, intercom solutions, aviation and broadcast equipment |
|
Goodmi Intelligent (Shenzhen) Co., Ltd. |
2011 |
Shenzhen, Guangdong |
Revenue Not Disclosed |
Smart hearing aids, Bluetooth-enabled devices, rechargeable models, OEM/ODM services, PSAPs, app-integrated hearing control, global distribution |
Starkey Hearing Technologies is a leading global innovator in hearing healthcare, committed to improving lives through advanced hearing solutions. Founded in 1967 and headquartered in Eden Prairie, Minnesota, the company operates in over 100 countries worldwide. Starkey specializes in designing and manufacturing state-of-the-art hearing aids that integrate artificial intelligence, Bluetooth connectivity, and health tracking features. Its flagship products, such as the Livio AI series, redefine hearing care by combining superior sound quality with wellness monitoring. Starkey continues to invest in research, tele-audiology, and personalized hearing technologies to enhance accessibility and user experience globally.
Eargo, Inc. is a pioneering U.S.-based hearing aid company revolutionizing the way consumers access hearing care through its direct-to-consumer model. Founded in 2010 and headquartered in San Jose, California, Eargo designs sleek, rechargeable, virtually invisible hearing aids tailored for mild to moderate hearing loss. The company’s innovative approach combines advanced sound amplification technology with user-friendly digital platforms for remote fitting, tele-audiology, and ongoing customer support. By eliminating the need for traditional clinic visits, Eargo enhances affordability, convenience, and accessibility, positioning itself as a disruptive force in the global hearing aid market.
Austar Hearing Science & Technology (Xiamen) Co., Ltd. is a prominent Chinese manufacturer specializing in the research, development, and production of high-quality digital hearing aids. Established in 2003 and headquartered in Xiamen, Fujian Province, Austar provides a comprehensive range of hearing solutions for both domestic and international markets. The company’s offerings include behind-the-ear (BTE), in-the-ear (ITE), and receiver-in-canal (RIC) devices, supported by advanced digital signal processing technologies. Austar also delivers OEM and ODM services to global brands, emphasizing innovation, affordability, and accessibility. Through continuous R&D investment, Austar is strengthening its position in the global hearing aid industry.
Earsmate Technology Group Ltd. is an independent Chinese manufacturer dedicated to delivering affordable and innovative hearing solutions worldwide. Founded in 2016 and headquartered in Zhongshan, Guangdong Province, the company specializes in producing over-the-counter (OTC) hearing aids, personal sound amplification products (PSAPs), and rechargeable digital hearing devices. Earsmate offers comprehensive OEM and ODM services, catering to global clients seeking customized and cost-effective hearing technologies. With a strong focus on accessibility, product quality, and user comfort, Earsmate has rapidly expanded its global footprint, positioning itself as a key emerging player in the international hearing aid market.
Audien Hearing is a fast-growing American company transforming the hearing aid industry through affordability and direct-to-consumer innovation. Founded in the early 2020s and headquartered in the United States, Audien designs and manufactures low-cost, rechargeable, and nearly invisible hearing aids aimed at making hearing solutions accessible to everyone. The company eliminates intermediaries by selling directly online, significantly reducing costs for consumers. Its products, such as the Atom and EV series, feature advanced sound amplification and feedback reduction technology. With a mission to democratize hearing care, Audien Hearing continues to expand its reach in the global hearing aid market.
Amplifon S.p.A. is a global leader in hearing care retail services, dedicated to improving quality of life through personalized hearing solutions. Founded in 1950 and headquartered in Milan, Italy, Amplifon operates an extensive network of clinics across more than 25 countries, providing diagnostic hearing tests, customized fitting, and maintenance services. The company partners with leading manufacturers to offer a broad portfolio of advanced digital hearing aids. Through its brands—Amplifon, Miracle-Ear, and GAES—it emphasizes patient-centric care, innovation, and accessibility. Amplifon’s commitment to professional audiology services and technological excellence has solidified its leadership in the global hearing aid market.
MED-EL GmbH is a global pioneer in hearing implant technology, dedicated to restoring hearing and improving communication for people with hearing loss. Founded in 1990 and headquartered in Innsbruck, Austria, the company specializes in developing and manufacturing advanced hearing implant systems, including cochlear, middle ear, and bone conduction implants, as well as auditory brainstem implants. MED-EL’s solutions are designed to address a wide range of hearing impairments, supported by continuous innovation in biomedical engineering and neuroscience. With operations in over 120 countries, MED-EL is recognized for its strong clinical partnerships, research excellence, and commitment to hearing rehabilitation worldwide.
Multitone Electronics plc is a long-established UK-based technology company specializing in critical communication and alerting systems, including hearing assistance solutions for healthcare and industrial environments. Founded in 1931 and headquartered in Basingstoke, England, Multitone designs and manufactures advanced wireless communication, paging, and alarm systems that enhance safety and connectivity in hospitals, care facilities, and emergency response networks. The company’s innovative platforms integrate voice, data, and messaging to ensure reliable communication in mission-critical settings. With decades of expertise and continuous technological innovation, Multitone remains a trusted provider of communication and assistive technologies in the global hearing and healthcare markets.
Telex Communications, Inc. is an established American manufacturer recognized for its contributions to hearing aid technology, professional audio, and communication systems. Founded in 1936 and headquartered in Burnsville, Minnesota, the company initially focused on hearing aids before expanding into wireless communication, intercom, and sound reinforcement solutions. Telex’s diverse portfolio includes assistive listening devices, aviation headsets, and broadcast equipment, serving both consumer and professional markets. With a legacy of innovation in acoustics and electroacoustics, Telex has played a pivotal role in shaping modern hearing and communication technologies, maintaining a strong presence in the global audio and hearing solutions industry.
Goodmi Intelligent (Shenzhen) Co., Ltd. is an emerging Chinese manufacturer specializing in smart, affordable hearing solutions designed to enhance accessibility and user experience. Headquartered in Shenzhen, Guangdong Province, the company focuses on the research, development, and production of Bluetooth-enabled, rechargeable, and app-integrated hearing aids. Goodmi also provides OEM and ODM services for global partners, offering customized solutions that combine advanced acoustic engineering with ergonomic design. With a strong emphasis on innovation, digital connectivity, and quality assurance, Goodmi Intelligent is rapidly expanding its international footprint and establishing itself as a competitive player in the global hearing aid market.
The global hearing aid market is undergoing a transformative phase, driven by rising hearing loss prevalence, rapid technological advancements, and growing accessibility to innovative hearing solutions. Companies like Starkey, Eargo, and Amplifon are redefining hearing care through AI integration, digital connectivity, and patient-centric approaches, while emerging players such as Austar, Earsmate, and Goodmi are making affordable hearing devices more widely available. The market’s growth, projected at a 6.7% CAGR by 2032, reflects increasing global awareness, evolving consumer preferences, and strategic investments in R&D that continue to shape the future of hearing healthcare worldwide.
REQUEST FOR SAMPLE
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQSG35A2005
sales@skyquestt.com
USA +1 351-333-4748