The global hearing protection devices market was valued at US$ 1,509.3 million in 2018 and is expected to witness a CAGR of 11.6% during the forecast period (2019 – 2027)
Increase in launches of hearing protection devices is expected to drive the global hearing protection market growth
Increasing demand for hearing protection devices has led manufacturers to develop and launch innovative products. For instance, in January 2017, 3M launched PELTOR Sport Tactical 300 and PELTOR Sport Tactical 500 electronic hearing protectors at The National Shooting Sports Foundation’s Shooting, Hunting and Outdoor Trade Show (SHOT Show) in Las Vegas, U.S.
This product of 3M works on self-monitoring analysis and reporting (SMART) technology that automatically adjusts noise frequency according to the given working environment and type of firearm for customized hearing protection.
Increasing prevalence of hearing loss has led to an increase in demand for hearing protection devices, which is expected to drive growth of the global hearing protection devices market over the forecast period.
According to World Health Organization (WHO), in March 2019, one among every ten people in the U.S. suffer from hearing impairment, which can deteriorate an individual’s ability to recognize and understand normal speech. Exposure to intense sounds is one of the primary causes of impaired hearing. According to data published by the World Health Organization (WHO) in March 2019, 466 million people across the globe have disabled hearing, among which 34 million are children.
Moreover, a large number of hearing loss cases are reported at manufacturing sites. For instance, according to the National Institute of Occupational Safety and Health (NIOSH) 2018, globally around 46% of workers at manufacturing sites were exposed to hazardous noise, among which 18% of the workers developed hearing difficulty, and about 11% of the workers have tinnitus (a perception of noise or ringing in the ears). Increasing prevalence of hearing loss is expected to drive demand for hearing protection devices and boost the global hearing protection devices market growth.
Noise-induced hearing loss led to increase the demand of hearing protection devices to prevent people from hearing impairment.
Hearing impairment is not a life-threatening health concern, however hearing loss has major impact on an individual’s quality of life. According to the National Institute on Deafness and Other Communication Disorders (NIDCD), in 2016, around one in eight people in the U.S. (13%) aged 12 years or older, suffered from hearing loss in both ears. In the U.S., around 12% of the total population suffered from hearing impairment caused due to loud noise. Such increasing prevalence is rising the demand of hearing protection devices to prevent noise induced hearing loss. This is expected to drive global hearing protection devices market growth.
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