U.S. Hearing Aid Dispensers Market Size, Share & Trends Analysis Report By Ownership (Independent, Manufacturer-Owned, Retail Chains), By Gender (Male, Female), And Segment Forecasts, 2024 - 2030

U.S. Hearing Aid Dispensers Market Size, Share & Trends Analysis Report By Ownership (Independent, Manufacturer-Owned, Retail Chains), By Gender (Male, Female), And Segment Forecasts, 2024 - 2030

U.S. Hearing Aid Dispensers Market Growth & Trends

The U.S. hearing aid dispensers market size is anticipated to reach USD 932.3 million by 2030, expanding at a CAGR of 5.36% from 2024 to 2030, according to a new report by Grand View Research, Inc. The aging population in the U.S. is facing issues with hearing, leading to a surge in demand for dispenser professionals in the industry. Additionally, research has linked untreated hearing loss with dementia, which further emphasizes the need for easy access to audiology healthcare, especially among the baby boomer generation.

The demand for hearing care professionals (HCPs) is increasing with the growing hearing aid industry, leading to demand for more dispenser graduates. The government across the nation has specific laws for the registration of these dispensers and education laws. For instance, in February 2023, the New York State Division of Licensing Services announced that hearing aid dispensers are required to register and adhere to the regulations outlined in Article 37-A, as well as the guidelines specified under Title 19 NYCRR, Part 192.

The COVID-19 pandemic had a significant impact on the revenues of audiology practices. According to an article published in July 2020, a survey conducted from May 13 - 22 showed that the pandemic resulted in a significant negative impact on revenues for HCPs. The survey stated that the situation for hearing aid dispensing industry declined by the weekend of March 21 - 22 and practice owners realized they were facing dire business conditions by the week of March 23. Despite the challenges, there is growth and recovery in the market in the coming years. This is due to the demand for trained dispensers, regulatory support, and sales trends providing considerable growth opportunities for the market.

U.S. Hearing Aid Dispensers Market Report Highlights

• The manufacturer-owned segment dominated market with a revenue share of 31.65% in 2023 and is expected to grow at the fastest CAGR over the forecast period. The growth of the segment is attributed to the increasing sales of products through supplied stores.
• The male segment held the largest market share in 2023 owing to rise in educational and awareness campaigns has played a role in enhancing male participation in the profession and female segment is anticipated to witness fastest growth over the forecast period.
• In November 2023, HearUSA opened a new Mira Mesa Hearing Center in San Diego. The center provides free evaluation, simulated environments, and the opportunity to test out different aids with the help of licensed HCPs.
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