PUBLISHER: Grand View Research | PRODUCT CODE: 1588328
PUBLISHER: Grand View Research | PRODUCT CODE: 1588328
U.S. Personal Sound Amplification Products Market Size, Share & Trends Analysis Report By Product (Behind-the-Ear, In-the-Ear), By Sales Channel (Online, Offline), And Segment Forecasts, 2024 - 2030
U.S. Personal Sound Amplification Products Market Growth & Trends:
The U.S. personal sound amplification products market size is anticipated to reach USD 377.98 million by 2030 and is expected to grow at a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. This market is driven by several key factors, including the increasing prevalence of hearing impairments, technological advancements, growing consumer awareness and acceptance, and changes in regulatory environments. These drivers collectively contribute to a rising demand for accessible and innovative hearing solutions, pushing the market forward and attracting diverse consumers seeking effective auditory assistance.
Advancements in technology also play a crucial role in driving the PSAPs market. Recent innovations led to the development of devices that feature Bluetooth connectivity, noise cancellation, and smart adaptive sound adjustments. For instance, new models equipped with artificial intelligence can automatically adjust sound settings based on the user's environment, significantly improving the user experience. This technological progress enhances the functionality of PSAPs and makes them more appealing to tech-savvy consumers, thereby increasing overall market interest and adoption.
However, changes in regulatory environments have made it easier for consumers to access PSAPs. The legislation opened the door for over-the-counter sales of hearing devices, allowing consumers to purchase PSAPs without needing a prescription or professional fitting. This regulatory shift is expected to enhance consumer accessibility and affordability, particularly for those who previously faced barriers to obtaining hearing assistance. As a result, easing regulatory constraints stimulates market growth, further encouraging the adoption of PSAPs among diverse consumer segments.
U.S. Personal Sound Amplification Products Market Report Highlights:
- Based on product, the behind-the-ear segment held the largest market share in 2023. BTE hearing aids are crafted to fit snugly behind the ear within a compact, curved casing. These devices can be adapted to connect with external audio sources, such as infrared listening systems and auditory training equipment
- Based on sales channel, the offline retail sales segment held the largest market share in 2023. The internet has become essential for young adults and millennials to buy hearing aids and gather information about them. Online platforms enable users to screen for hearing loss and stay updated on the latest technology
- Some prominent players in the U.S. PSAPS market include LUCID HEARING HOLDING COMPANY, LLC, Britzgo.com, Sound World Solutions, MEDca Hearing, Tweak Hearing (Ear Technology Corporation), Williams AV, LLC, Vivtonehearing, LifeEar (Precise Hearing), Apple Inc., Google LLC.
- In July 2024, Williams AV acquired TeachLogic, which specializes in sound reinforcement solutions, to expand its assistive communication product portfolio
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Segment Definitions
- 1.2. Estimates and Forecast Timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.4.5. Details of Primary Research
- 1.4.6. Research Assumption
- 1.5. Information or Data Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Data Visualization
- 1.7. Model Details
- 1.7.1. Commodity Flow Analysis
- 1.7.2. Volume Price Analysis
- 1.8. Objectives
- 1.8.1. Objective - 1
- 1.8.2. Objective - 2
- 1.8.3. Objective - 3
- 1.9. List of Secondary Sources
- 1.10. List of Secondary Sources
Chapter 2. Executive Summary
- 2.1. U.S. Personal Sound Amplification Products (PSAP) Market
- 2.1.1. Market Snapshot
- 2.1.2. Segment Snapshot
- 2.1.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Trends and Outlook
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Prevalence of mild deafness in the young and adult population
- 3.3.1.2. Technological advancements in PSAPS
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. Lack of awareness and social stigma associated with wearing PSAP
- 3.3.1. Market Driver Analysis
- 3.4. Business Environment Analysis Tools
- 3.4.1. Industry Analysis - Porter's Five Forces Analysis
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.1. Industry Analysis - Porter's Five Forces Analysis
Chapter 4. Product Business Analysis
- 4.1. U.S. Personal Sound Amplification Products Market: Product Movement Analysis
- 4.2. U.S. Personal Sound Amplification Products Market: Product Segment Dashboard
- 4.3. Product Movement & Market Share Analysis, 2023 & 2030
- 4.4. U.S. Personal Sound Amplification Products Market Estimates & Forecast, by Product
- 4.5. Behind-the-Ear
- 4.5.1. Behind-the-Ear market, 2018 - 2030 (USD Million)
- 4.6. In-the-Ear
- 4.6.1. In-the-Ear market, 2018 - 2030 (USD Million)
Chapter 5. Sales Channel Business Analysis
- 5.1. U.S. Personal Sound Amplification Products Market: Sales Channel Movement Analysis
- 5.2. U.S. Personal Sound Amplification Products Market: Sales Channel Segment Dashboard
- 5.3. Sales Channel Movement & Market Share Analysis, 2023 & 2030
- 5.4. U.S. Personal Sound Amplification Products Market Estimates & Forecast, by Sales Channel
- 5.5. Online Retail Sales
- 5.5.1. Online retail sales market, 2018 - 2030 (USD Million)
- 5.6. Offline Retail Sales
- 5.6.1. Offline retail sales market, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Company Categorization
- 6.2. Company Market Position Analysis
- 6.3. Company Share Analysis
- 6.4. Strategy Mapping
- 6.4.1. Partnership/Collaboration/Alliance
- 6.4.2. New Product Launch
- 6.4.3. Mergers & Acquisitions
- 6.4.4. Others
- 6.5. Company Profiles/Listing
- 6.5.1. LUCID HEARING HOLDING COMPANY, LLC
- 6.5.1.1. Overview
- 6.5.1.2. Financial performance
- 6.5.1.3. Product benchmarking
- 6.5.1.4. Strategic initiatives
- 6.5.2. Britzgo.com
- 6.5.2.1. Overview
- 6.5.2.2. Financial performance
- 6.5.2.3. Product benchmarking
- 6.5.2.4. Strategic initiatives
- 6.5.3. Sound World Solutions
- 6.5.3.1. Overview
- 6.5.3.2. Financial performance
- 6.5.3.3. Product benchmarking
- 6.5.3.4. Strategic initiatives
- 6.5.4. MEDca Hearing
- 6.5.4.1. Overview
- 6.5.4.2. Financial performance
- 6.5.4.3. Product benchmarking
- 6.5.4.4. Strategic initiatives
- 6.5.5. Tweak Hearing (Ear Technology Corporation)
- 6.5.5.1. Overview
- 6.5.5.2. Financial performance
- 6.5.5.3. Product benchmarking
- 6.5.5.4. Strategic initiatives
- 6.5.6. Williams AV, LLC
- 6.5.6.1. Overview
- 6.5.6.2. Financial performance
- 6.5.6.3. Product benchmarking
- 6.5.6.4. Strategic initiatives
- 6.5.7. vivtonehearing
- 6.5.7.1. Overview
- 6.5.7.2. Financial performance
- 6.5.7.3. Product benchmarking
- 6.5.7.4. Strategic initiatives
- 6.5.8. LifeEar (Precise Hearing)
- 6.5.8.1. Overview
- 6.5.8.2. Financial performance
- 6.5.8.3. Product benchmarking
- 6.5.8.4. Strategic initiatives
- 6.5.9. Apple Inc.
- 6.5.9.1. Overview
- 6.5.9.2. Financial performance
- 6.5.9.3. Product benchmarking
- 6.5.9.4. Strategic initiatives
- 6.5.10. Google LLC.
- 6.5.10.1. Overview
- 6.5.10.2. Financial performance
- 6.5.10.3. Product benchmarking
- 6.5.10.4. Strategic initiatives
- 6.5.1. LUCID HEARING HOLDING COMPANY, LLC
List of Tables
- Table 1 List of secondary sources
- Table 2 List of abbreviations
- Table 3 U.S. personal sound amplification products market revenue estimates and forecast, by product, 2018 - 2030 (USD Million)
- Table 4 U.S. personal sound amplification products market revenue estimates and forecast, by sales channel, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 US personal sound amplification products market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain based sizing & forecasting
- Fig. 7 QFD modelling for market share assessment
- Fig. 8 Market formulation & validation
- Fig. 9 Market snapshot
- Fig. 10 Product & sales channel segment outlook
- Fig. 11 Competitive landscape
- Fig. 12 U.S. personal sound amplification products market: Market dynamics
- Fig. 13 U.S. personal sound amplification products market: Porter's analysis
- Fig. 14 U.S. personal sound amplification products market: PESTLE analysis
- Fig. 15 U.S. personal sound amplification products market: Product segment dashboard
- Fig. 16 U.S. personal sound amplification products market: Product movement share analysis
- Fig. 17 Behind-the-Ear market, 2018 - 2030 (USD Million)
- Fig. 18 In-the-Ear market, 2018 - 2030 (USD Million)
- Fig. 19 US personal sound amplification products market: Sales Channel segment dashboard
- Fig. 20 US personal sound amplification products market: Sales Channel movement share analysis
- Fig. 21 Online Retail Sales market, 2018 - 2030 (USD Million)
- Fig. 22 Offline Retail Sales market, 2018 - 2030 (USD Million)
- Fig. 23 Company categorization
- Fig. 24 Company market position analysis
- Fig. 25 Strategic framework
