2022
DOI: 10.1055/s-0042-1758380
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MarkeTrak—Tracking the Pulse of the Hearing Aid Market

Abstract: The MarkeTrak surveys conducted by the Hearing Industries Association have been looking at trends in the hearing industry since 1989. The latest survey, MarkeTrak 2022, reviews ongoing trends in hearing device adoption including PSAPs and implants, satisfaction with hearing aids and hearing professionals, and a look into insurance coverage and price considerations. These are discussed as they relate to the five key areas of the marketing mix: people, products, price, place, and perception. The key takeaways fr… Show more

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Cited by 6 publications
(4 citation statements)
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“…Early MT2022 data can be found in the Hearing Review article by Powers and Carr, 2022. 2 The trends in several key areas across the publications of MarkeTrak from 1989 to 2022 can be found in Carr and Kihm 3 in this edition. EuroTrak (ET) studies provide insights into the markets of several countries in Europe, as well as Asia and Australia ( ).…”
Section: Figurementioning
confidence: 99%
“…Early MT2022 data can be found in the Hearing Review article by Powers and Carr, 2022. 2 The trends in several key areas across the publications of MarkeTrak from 1989 to 2022 can be found in Carr and Kihm 3 in this edition. EuroTrak (ET) studies provide insights into the markets of several countries in Europe, as well as Asia and Australia ( ).…”
Section: Figurementioning
confidence: 99%
“…(The Hearing Journal, 2007, 11: 71) The producers who introduced the high-tech aesthetic, GN Resound in 2003 and Oticon in 2006, initially reaped high increases in market share for a few years until most producers had launched products with the new aesthetic (primary interviews: vice president, 2015; product manager, 2016). After producers rallied behind the high-tech aesthetic, such producer-level rewards were less prevalent, but producers collectively received category-wide rewards such as less reported stigmatization and a higher market penetration rate (Rauterkus and Palmer, 2014;Carr and Kihm, 2022).…”
Section: Stability Of the Bodily Aestheticmentioning
confidence: 99%
“…associated with hearing loss (e.g., Ferguson et al, 2017;Holman et al, 2021;Nixon et al, 2021). However, the adoption rate of these prescription hearing aids has remained relatively low, varying from 1 to 2% in low-income countries (Chadha et al, 2021) to 38% in the USA (Carr and Kihm, 2022). Several factors contribute to this low adoption rate of hearing aids, including limited awareness of the importance of hearing, restricted access to hearing care, and the high cost of hearing aids (Valente and Amlani, 2017;Jorgensen and Novak, 2020;Zheng et al, 2023).…”
Section: Introductionmentioning
confidence: 99%