Asia-Pacific: Hearing Aid Market 2024

Hearing Aid Market Size in Asia-Pacific

The Asia-Pacific hearing aid market rose significantly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Hearing Aid Production in Asia-Pacific

In value terms, hearing aid production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Hearing Aid Exports

Exports in Asia-Pacific

In 2022, approx. X units of hearing aids (excl. parts and accessories) were exported in Asia-Pacific; waning by X% against the previous year. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then reduced dramatically in the following year.

In value terms, hearing aid exports plummeted to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

China (X units) and Malaysia (X units) represented roughly X% of total exports in 2022. The Philippines (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%). Vietnam (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hearing aid supplying countries in Asia-Pacific were China ($X), Singapore ($X) and Vietnam ($X), together accounting for X% of total exports. Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the export price figures.

Hearing Aid Imports

Imports in Asia-Pacific

In 2022, the amount of hearing aids (excl. parts and accessories) imported in Asia-Pacific rose significantly to X units, with an increase of X% on the previous year. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, hearing aid imports expanded remarkably to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of hearing aid imports in 2022 were Malaysia (X units), India (X units), China (X units), Australia (X units), Japan (X units) and Singapore (X units), together recording X% of total import. New Zealand (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Singapore ($X) and Australia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. New Zealand, India, China and Malaysia lagged somewhat behind, together accounting for a further X%.

New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, approximately mirroring the previous year. Overall, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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