Tinnitus Management Market: Hearing Aids to Hold Largest Market Share Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment 2017 - 2025

  • Published: 2018-01-23
  • Report Code: REP-GB-6114

An Incisive, In-depth Analysis on the Tinnitus Management Market

This study offers a comprehensive, 360 degree analysis on the Tinnitus Management market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Tinnitus Management market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Increasing prevalence of tinnitus and a rising global geriatric population are driving the growth of the global tinnitus management market

Tinnitus is the third most common problem prevalent in the global population. It has been estimated that about 10%-15% of adults worldwide suffer from prolonged tinnitus that requires medical evaluation. Approximately, three-quarters of patients who experience tinnitus are not bothered by it. However, for the remaining 25 percent, tinnitus has a significant impact on their daily life. As per the estimates in the study carried out by the Chinese Federation of People with Disabilities, approximately 130 million Chinese experience ringing or buzzing sounds in their ears. Hence, the increasing prevalence of tinnitus around the globe is likely to propel the growth of the tinnitus management market during the period of assessment.

The geriatric population of the world is growing rapidly and this creates a vast potential for the growth of the global hearing aids market. Ageing is a predominant factor for hearing loss and other hearing related problems. According to the United Nations Department of Economics and Social Affairs, the number of elderly (65 and >65 years) was 841 million in 2013, which is four times higher than the figures of the geriatric population in 1950. The geriatric population is expected to triple in number and surpass the 2 billion mark by 2050. Keeping these figures in mind, nearly a third of the population aged 70 years and above report significant issues related to tinnitus which is likely to boost the growth of the tinnitus management market over the next decade.

Lucrative opportunities lie in the global tinnitus management market in the form of untapped markets in emerging economies and an increasing prevalence of hearing impairment

The cost of new technologies for hearing aids and sound masking devices in emerging economies is significantly lower as compared with developed regions of North America and Europe. On the other hand, a large population base resides in China and India suffering from tinnitus, but has a low adoption rate of devices for the treatment of tinnitus. The increase in adoption of such devices coupled with a fast growth of latest healthcare technologies in such emerging economies is expected to drive the growth of the tinnitus management market during the period of forecast.

The prevalence of hearing impairment is increasing exponentially all over the world. As per the data provided by World Health Organization (WHO), the prevalence rate was 5.3%, or approximately 360 million people in the year 2012. Out of those affected, 91% were adults and 9% were children. Approximately one-third of people over the age of 65 are affected by hearing impairment. Moreover, the prevalence of hearing impairment in people over 65 years of age is highest in Asia Pacific, South Asia and sub-Saharan Africa. This also presents a lucrative opportunity for the global tinnitus management market.

Global Tinnitus Management Market Analysis & Forecast, by Product Type

The sound masking devices segment in the product type category was estimated to be valued at nearly US$ 400 Mn in 2017 and is likely to reach a valuation of nearly US$ 600 Mn in 2025 and in the process exhibit a CAGR of 5.5% during the assessment period 2017-2025. The notched music devices segment in the product type category was estimated to be valued at nearly US$ 300 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 500 Mn in 2025 and display a CAGR of 5.9% during the period of assessment.

This report tracks the global tinnitus management market and presents the value forecast for this market for a period of eight years. In the condition of tinnitus, patients perceive a persistent noise or ringing in the ears. It is a widespread problem that affects about 1 in 5 people. Tinnitus is not a disease in itself; however, it can be a symptom of an underlying condition such as hearing loss related to age, ear injury or a disorder affecting the circulatory system.

A seamless report structure for easy access to critical information and insights

In order to have an ease of understanding and for the better organization of the report, the report on the global tinnitus management market has been divided into four distinct parts. The first part of the report contains the introduction section that has the executive summary of the report along with the market taxonomy and the definition of the concerned product and the market viewpoint. This section of the report also contains detailed information regarding the market dynamics operating in the global tinnitus management market in the form of drivers, restraints, opportunities and trends. Detailed and comprehensive information is given on all such important aspects and market dynamics of the global tinnitus management market and this is an invaluable section of the report. Besides this, in this section of the report, information is also given on epidemiology of tinnitus and the market pricing analysis of the global tinnitus management market.

The second part of the report contains the global tinnitus management market analysis and forecast by product type, by indication, by distribution channel and by region. This section of the report contains important market numbers in the form of market attractiveness index, incremental dollar opportunity and basis point share analysis. The third part of the report contains the regional tinnitus management market analysis and the regions are chosen as per the market taxonomy.

Useful intelligence on competition

The last part of the report features the competition landscape of the global tinnitus management market and has information on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global tinnitus management market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with the SWOT analysis of the companies. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global tinnitus management market in detail and also reveals how they implement their strategies and vision to stay at top in this highly competitive market.

A proven and tested research methodology for near accurate estimation of market forecasts

Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the global tinnitus management market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global tinnitus management market. 

Market Taxonomy

Product Type

Indication

Distribution Channel

Region

  • Sound Masking Devices

  • Notched Music Devices

  • Hearing Aids

  • Subjective Tinnitus

  • Objective Tinnitus

 

  • Audiology Centres

  • ENT Clinics

  • Hospitals

  • E-Commerce

 

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Tinnitus Management Market Reports - Table of Contents

Tinnitus Management Market Reports - List of Tables

Table 01: Global Tinnitus Management Market Size (US$ Mn) and Forecast, by Product Type, 2015–2025

Table 02: Global Tinnitus Management Market Size (US$ Mn) and Forecast, by Indication, 2015–2025

Table 03: Global Tinnitus Management Market Size (US$ Mn) and Forecast, by Distribution Channel, 2015–2025

Table 04: Global Tinnitus Management Market Size (US$ Mn) Forecast, by Region, 2015–2025

Table 05: North America Tinnitus Management Market Size (US$ Mn) and Forecast, by Country, 2015–2025

Table 06: North America Tinnitus Management Market Size (US$ Mn) and Forecast, by Product Type, 2015–2025

Table 07: North America Tinnitus Management Market Size (US$ Mn) and Forecast, by Indication, 2015–2025

Table 08: North America Tinnitus Management Market Size (US$ Mn) and Forecast, by Distribution Channel, 2015–2025

Table 09: Latin America Tinnitus Management Market Size (US$ Mn) and Forecast, by Country, 2015–2025

Table 10: Latin America Tinnitus Management Market Size (US$ Mn) and Forecast, by Product Type, 2015–2025

Table 11: Latin America Tinnitus Management Market Size (US$ Mn) and Forecast, by Indication, 2015–2025

Table 12: Latin America Tinnitus Management Market Size (US$ Mn) and Forecast, by Distribution Channel, 2015–2025

Table 13: Europe Tinnitus Management Market Size (US$ Mn) and Forecast, by Country, 2015–2025

Table 14: Europe Tinnitus Management Market Size (US$ Mn) and Forecast, by Product Type, 2015–2025

Table 15: Europe Tinnitus Management Market Size (US$ Mn) and Forecast, by Indication, 2015–2025

Table 16: Europe Tinnitus Management Market Size (US$ Mn) and Forecast, by Distribution Channel, 2015–2025

Table 17: Asia-Pacific Tinnitus Management Market Size (US$ Mn) and Forecast, by Country, 2015–2025

Table 18: Asia-Pacific Tinnitus Management Market Size (US$ Mn) and Forecast, by Product Type, 2015–2025

Table 19: Asia-Pacific Tinnitus Management Market Size (US$ Mn) and Forecast, by Indication, 2015–2025

Table 20: Asia-Pacific Tinnitus Management Market Size (US$ Mn) and Forecast, by Distribution Channel, 2015–2025

Table 21: Middle East and Africa Tinnitus Management Market Size (US$ Mn) and Forecast, by Country, 2015–2025

Table 22: Middle East and Africa Tinnitus Management Market Size (US$ Mn) and Forecast, by Product Type, 2015–2025

Table 23: Middle East and Africa Tinnitus Management Market Size (US$ Mn) and Forecast, by Indication, 2015–2025

Table 24: Middle East and Africa Tinnitus Management Market Size (US$ Mn) and Forecast, by Distribution Channel, 2015–2025

Tinnitus Management Market Reports - List of Figures

Figure 01: Global Tinnitus Management Market Snapshot

Figure 02: Prevalence of Tinnitus by Country

Figure 03: Global Tinnitus Management Market, Sound Masking Device Pricing Analysis (US$), By Region, 2016

Figure 04: Global Tinnitus Management Market, Notched Music Devices Pricing Analysis (US$), By Region, 2016

Figure 05: Global Tinnitus Management Market, Hearing Aids Pricing Analysis (US$), By Region, 2016

Figure 06: Global Tinnitus Management Market Size (US$ Mn) Forecast and Y-o-Y Growth Rate (%), 2015–2025

Figure 07: Global Tinnitus Management Market Absolute $ Opportunity, 2016–2025

Figure 08: Global Tinnitus Management Market BPS Analysis, by Product Type, 2017 & 2025

Figure 09: Global Tinnitus Management Y-o-Y Growth Rate (%), By Product Type2016–2025, 

Figure 10: Global Sound Masking Devices Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2015–2025

Figure 11: Global Notched Music Devices Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2015–2025

Figure 12: Global Hearings Aids Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), 2015–2025

Figure 13: Global Tinnitus Management Market Attractiveness Analysis by Product Type, 2017-2025

Figure 14: Global Tinnitus Management Market BPS Analysis, By Indication, 2017 & 2025

Figure 15: Global Tinnitus Management Y-o-Y Growth Rate (%), By Indication, 2016–2025

Figure 16: Global Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Subjective Tinnitus,

Figure 17: Global Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Objective Tinnitus,

Figure 18: Global Tinnitus Management Market Attractiveness Analysis by Indication, 2017-2025

Figure 19: Global Tinnitus Management Market BPS Analysis, By Distribution Channel , 2017 & 2025

Figure 20: Global Tinnitus Management Y-o-Y Growth Rate (%), By Distribution Channel, 2016–2025

Figure 21: Global Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Audiology Centers,

Figure 22: Global Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by ENT Clinics,

Figure 23: Global Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by Hospitals,

Figure 24: Global Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, by E-Commerce,

Figure 25: Global Tinnitus Management Market Attractiveness Analysis by Distribution Channel, 2017-2025

Figure 26: Global Tinnitus Management Market BPS Analysis, by Region , 2017 & 2025

Figure 27: Global Tinnitus Management Y-o-Y Growth Rate (%), by Region, 2016–2025

Figure 28: North America Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 29: Latin America Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 30: Europe Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 31: Asia-Pacific Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 32: Middle East & Africa Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 33: Global Tinnitus Management Market Attractiveness Analysis by Region, 2017-2025

Figure 34: North America Tinnitus Management Market BPS Analysis, by Country, 2017 & 2025

Figure 35: North America Tinnitus Management Y-o-Y Growth Rate (%), by Country, 2016–2025

Figure 36: U.S. Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 37: Canada Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 38: North America Tinnitus Management Market Analysis by Country, 2017-2025

Figure 39: North America Tinnitus Management Market Analysis by Indication, 2017-2025

Figure 40: North America Tinnitus Management Market Analysis by Distribution Channel, 2017-2025

Figure 41: North America Tinnitus Management Market Analysis by Country, 2017-2025

Figure 42: Latin America Tinnitus Management Market, BPS Analysis by Country, 2017 & 2025

Figure 43: Latin America Tinnitus Management Y-o-Y Growth Rate (%), by Country, 2016–2025

Figure 44: Brazil Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 45: Mexico Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 46: Rest of Latin America Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 47: Latin America Tinnitus Management Market Analysis by Country, 2017-2025

Figure 48: Latin America Tinnitus Management Market Analysis by Product Type, 2017-2025

Figure 49: Latin America Tinnitus Management Market Analysis by Indication, 2017-2025

Figure 50: Latin America Tinnitus Management Market Analysis by Distribution Channel, 2017-2025

Figure 51: Europe Tinnitus Management Market, BPS Analysis by Country, 2017 & 2025

Figure 52: Europe Tinnitus Management Y-o-Y Growth Rate (%), by Country, 2016–2025

Figure 53: U.K. Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 54: Germany Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 55: France Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 56: Italy Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 57: Spain Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 58: Rest of Europe Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 59: Europe Tinnitus Management Market Analysis by Country, 2017-2025

Figure 60: Europe Tinnitus Management Market Analysis by Product Type, 2017-2025

Figure 61: Europe Tinnitus Management Market Analysis by Indication, 2017-2025

Figure 62: Europe Tinnitus Management Market Analysis by Distribution Channel, 2017-2025

Figure 63: Asia-Pacific Tinnitus Management Market, BPS Analysis by Country, 2017 & 2025

Figure 64: Asia-Pacific Tinnitus Management Y-o-Y Growth Rate (%), By Country, 2016–2025

Figure 65: China Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 66: India Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 67: Japan Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 68: Australia & NZ Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 69: Rest of Asia Pacific Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 70: Asia-Pacific Tinnitus Management Market Analysis by Country, 2017-2025

Figure 71: Asia-Pacific Tinnitus Management Market Analysis by Product Type, 2017-2025

Figure 72: Asia-Pacific Tinnitus Management Market Analysis by Indication, 2017-2025

Figure 73: Asia-Pacific Tinnitus Management Market Analysis by Distribution Channel, 2017-2025

Figure 74: Middle East and Africa Tinnitus Management Market, BPS Analysis by Country, 2017 & 2025

Figure 75: Middle East and Africa Tinnitus Management Y-o-Y Growth Rate (%), by Country,  2016–2025

Figure 76: South Africa Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 77: GCC Countries Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection,

Figure 78: Rest of Middle East and Africa Tinnitus Management Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2015–2025

Figure 79: Middle East and Africa Tinnitus Management Market Analysis by Country, 2017-2025

Figure 80: Middle East and Africa Tinnitus Management Market Analysis by Product Type, 2017-2025

Figure 81: Middle East and Africa Tinnitus Management Market Analysis by Indication, 2017-2025

Figure 82: Middle East and Africa Tinnitus Management Market Analysis by Distribution Channel, 2017-2025

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