According to the research report titled "Hearable Devices Market by Product, Headphone, and Hearing Aids, Technology, Application, and Geography - Global Forecast to 2023 published by MarketsandMarkets, the Hearable Devices Market is expected to be worth USD 23.24 Billion by 2023, at a CAGR of 9.98% between 2017 and 2023. The growth of this market is mainly driven by the growing demand for smartphones as a source of entertainment; consumer preference for wearable and portable devices; increasing demand for health monitoring applications and hearing aids; and high investment in R&D for hearables by OEMs.
Market for hearing aids held the largest size in 2016
Market for digital hearing aids is expected to grow at the highest rate during the forecast period
The Americas accounted for the largest share of the hearable devices market in 2016
GN Store Nord A/S (Denmark), Sivantos Pte Ltd. (Singapore), Apple Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Sennheiser Electronics GmBH, Co. KG (Germany), and Sony Corporation (Japan) are the major players in the report with ranking analysis. The report also covers the various start-ups and innovators involved in this market. Starkey Hearing Technology Inc. (US), Bragi GmBH (Germany), Doppler Labs Inc. (US), Miracle-Ear, Inc. (US), and Valancell Inc. (US) are few innovators in the market that offer disruptive products. Also, Earin AB (Sweeden), Nuheara Ltd. (Australia), Kanoa Inc. (Curacao), and Eargo Inc. (US) are few emerging companies in the market.