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The World Market for Hearing Aids: A 2021 Global Trade Perspective

The World Market for Hearing Aids: A 2021 Global Trade Perspective

This report was created for strategic planners, international executives, and import/export managers who are concerned with the market for hearing aids. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics that appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for hearing aids for those countries serving the world market via exports or supplying from various countries via imports. I do so for the current year based on a variety of key historical indicators and econometric models.

On the demand side, exporters and strategic planners approaching the world market face a number of questions. Which countries are supplying hearing aids? What is the dollar value of these imports? How much do the imports of hearing aids vary from one country to another? Do exporters serving the world market have similar market shares across the importing countries? Which countries supply the most exports of hearing aids? Which countries are buying their exports? What is the value of these exports and which countries are the largest buyers?

In what follows, Chapter 2 begins by summarizing the regional markets for imported and exported hearing aids. The total level of imports and exports on a worldwide basis, and those for each region, is based on a model which aggregates across over 150 key country markets and projects these to the current year. From there, each country represents a percent of the world market. This market is served from a number of competitive countries of origin. Based on both demand- and supply-side dynamics, market shares by country of origin are then calculated across each country market destination. These shares lead to a volume of import and export values for each country and are aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each market and the shares that countries are likely to receive this year. From these figures, rankings are calculated to allow managers to prioritize markets. In this way, all the figures provided in this report are forecasts that can be combined with internal information for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports, Chapter 3 details the exports of hearing aids, for each individual country. Chapter 4 does the same, but for imports of hearing aids for all countries in the world. In all cases, the total dollar volume and percentage share values by major trading partner are provided. Combined, Chapters 3 and 4 present the complete picture for imports and exports of hearing aids to and from all major countries in the world. Of the 150 countries considered, if a country is not reported here, it is therefore estimated to have only a negligible level of trade in hearing aids (i.e. their market shares are close or equal to zero percent). "Hearing Aids" as a category is defined in this report following the definition given by the United Nations Statistics Division Classification Registry using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defines "hearing aids" is 89961.

To ensure that you have the most current version of this report, please visit the ICON Group website at www.icongrouponline.com.

Important Caveat: The figures should be seen as market estimates, as opposed to historical records, as these are forecasted for the current year of trade. More importantly, in light of the fact that unforeseeable factors might interrupt markets in achieving their reported levels, the figures should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth disease, trade embargoes, labor disputes, military conflicts, acts of terrorism, and other events will certainly affect the actual trade flows recorded for a variety of industry or product categories. In such cases, the difference between the numbers given in this report and the numbers actually observed might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting regular trade flows that would have occurred had these events not have taken place.

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1METHODOLOGY
1.1OUR APPROACH
2THE WORLD MARKET
2.1EXPORTS
2.1.1THE WORLD MARKET: HEARING AIDS EXPORT SUPPLIES IN 2021
2.2IMPORTS
2.2.1THE WORLD MARKET: IMPORTED HEARING AIDS IN 2021
3EXPORTS
3.1AFRICA: EXPORT SUPPLIES OF HEARING AIDS IN 2021
3.1.1EXECUTIVE SUMMARY
3.1.2SOUTH AFRICA
3.1.3ST. HELENA
3.1.4SWAZILAND
3.2ASIA: EXPORT SUPPLIES OF HEARING AIDS IN 2021
3.2.1EXECUTIVE SUMMARY
3.2.2CHINA
3.2.3HONG KONG
3.2.4INDIA
3.2.5INDONESIA
3.2.6JAPAN
3.2.7MALAYSIA
3.2.8PHILIPPINES
3.2.9SINGAPORE
3.2.10SOUTH KOREA
3.2.11TAIWAN
3.2.12THAILAND
3.2.13VIETNAM
3.3EUROPE: EXPORT SUPPLIES OF HEARING AIDS IN 2021
3.3.1EXECUTIVE SUMMARY
3.3.2AUSTRIA
3.3.3BELGIUM
3.3.4BULGARIA
3.3.5CYPRUS
3.3.6CZECH REPUBLIC
3.3.7DENMARK
3.3.8ESTONIA
3.3.9FINLAND
3.3.10FRANCE
3.3.11GERMANY
3.3.12GREECE
3.3.13HUNGARY
3.3.14IRELAND
3.3.15ITALY
3.3.16LITHUANIA
3.3.17LUXEMBOURG
3.3.18NORWAY
3.3.19POLAND
3.3.20PORTUGAL
3.3.21ROMANIA
3.3.22RUSSIA
3.3.23SLOVAKIA
3.3.24SPAIN
3.3.25SWEDEN
3.3.26SWITZERLAND
3.3.27THE NETHERLANDS
3.3.28THE UNITED KINGDOM
3.4LATIN AMERICA: EXPORT SUPPLIES OF HEARING AIDS IN 2021
3.4.1EXECUTIVE SUMMARY
3.4.2BRAZIL
3.4.3MEXICO
3.4.4PANAMA
3.4.5VENEZUELA
3.5NORTH AMERICA & THE CARIBBEAN: EXPORT SUPPLIES OF HEARING AIDS IN 2021
3.5.1EXECUTIVE SUMMARY
3.5.2ARUBA
3.5.3CANADA
3.5.4THE UNITED STATES
3.6OCEANIA: EXPORT SUPPLIES OF HEARING AIDS IN 2021
3.6.1EXECUTIVE SUMMARY
3.6.2AUSTRALIA
3.6.3NEW ZEALAND
3.7THE MIDDLE EAST: EXPORT SUPPLIES OF HEARING AIDS IN 2021
3.7.1EXECUTIVE SUMMARY
3.7.2BAHRAIN
3.7.3ISRAEL
3.7.4SAUDI ARABIA
3.7.5THE UNITED ARAB EMIRATES
3.7.6TURKEY
4IMPORTS
4.1AFRICA: HEARING AIDS IMPORTS IN 2021
4.1.1EXECUTIVE SUMMARY
4.1.2ALGERIA
4.1.3BOTSWANA
4.1.4COTE D'IVOIRE
4.1.5EGYPT
4.1.6ETHIOPIA
4.1.7MAURITIUS
4.1.8MOROCCO
4.1.9NAMIBIA
4.1.10NIGERIA
4.1.11SENEGAL
4.1.12SOUTH AFRICA
4.1.13UGANDA
4.1.14ZIMBABWE
4.2ASIA: HEARING AIDS IMPORTS IN 2021
4.2.1EXECUTIVE SUMMARY
4.2.2CHINA
4.2.3HONG KONG
4.2.4INDIA
4.2.5INDONESIA
4.2.6JAPAN
4.2.7MALAYSIA
4.2.8MONGOLIA
4.2.9NEPAL
4.2.10PHILIPPINES
4.2.11SINGAPORE
4.2.12SOUTH KOREA
4.2.13SRI LANKA
4.2.14TAIWAN
4.2.15THAILAND
4.2.16VIETNAM
4.3EUROPE: HEARING AIDS IMPORTS IN 2021
4.3.1EXECUTIVE SUMMARY
4.3.2ALBANIA
4.3.3ANDORRA
4.3.4AUSTRIA
4.3.5BELARUS
4.3.6BELGIUM
4.3.7BOSNIA AND HERZEGOVINA
4.3.8BULGARIA
4.3.9CROATIA
4.3.10CYPRUS
4.3.11CZECH REPUBLIC
4.3.12DENMARK
4.3.13ESTONIA
4.3.14FINLAND
4.3.15FRANCE
4.3.16GEORGIA
4.3.17GERMANY
4.3.18GREECE
4.3.19HUNGARY
4.3.20ICELAND
4.3.21IRELAND
4.3.22ITALY
4.3.23KAZAKHSTAN
4.3.24LATVIA
4.3.25LITHUANIA
4.3.26LUXEMBOURG
4.3.27MACEDONIA
4.3.28MALTA
4.3.29MOLDOVA
4.3.30NORWAY
4.3.31POLAND
4.3.32PORTUGAL
4.3.33ROMANIA
4.3.34RUSSIA
4.3.35SLOVAKIA
4.3.36SLOVENIA
4.3.37SPAIN
4.3.38SWEDEN
4.3.39SWITZERLAND
4.3.40THE NETHERLANDS
4.3.41THE UNITED KINGDOM
4.3.42UKRAINE
4.4LATIN AMERICA: HEARING AIDS IMPORTS IN 2021
4.4.1EXECUTIVE SUMMARY
4.4.2ARGENTINA
4.4.3BOLIVIA
4.4.4BRAZIL
4.4.5CHILE
4.4.6COLOMBIA
4.4.7ECUADOR
4.4.8EL SALVADOR
4.4.9GUATEMALA
4.4.10MEXICO
4.4.11PANAMA
4.4.12PARAGUAY
4.4.13PERU
4.4.14SURINAME
4.4.15URUGUAY
4.5NORTH AMERICA & THE CARIBBEAN: HEARING AIDS IMPORTS IN 2021
4.5.1EXECUTIVE SUMMARY
4.5.2ARUBA
4.5.3BARBADOS
4.5.4CANADA
4.5.5DOMINICAN REPUBLIC
4.5.6JAMAICA
4.5.7THE BAHAMAS
4.5.8THE UNITED STATES
4.6OCEANIA: HEARING AIDS IMPORTS IN 2021
4.6.1EXECUTIVE SUMMARY
4.6.2AUSTRALIA
4.6.3FRENCH POLYNESIA
4.6.4NEW CALEDONIA
4.6.5NEW ZEALAND
4.7THE MIDDLE EAST: HEARING AIDS IMPORTS IN 2021
4.7.1EXECUTIVE SUMMARY
4.7.2ARMENIA
4.7.3AZERBAIJAN
4.7.4BAHRAIN
4.7.5ISRAEL
4.7.6JORDAN
4.7.7KUWAIT
4.7.8LEBANON
4.7.9OMAN
4.7.10PAKISTAN
4.7.11QATAR
4.7.12TURKEY
5DISCLAIMERS, WARRANTIES, AND USER AGREEMENT PROVISIONS
5.1DISCLAIMERS & SAFE HARBOR
5.2ICON GROUP INTERNATIONAL, INC. USER AGREEMENT PROVISIONS

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