Hearing protection devices, as the name suggests, are devices that safeguard the ear against harmful noise by minimizing the amount of sound energy transmitted into the inner ear. Occupational hearing loss is a serious and common condition occurring due to working with or near noisy equipment such as rock drills and stone saws.
Apart from preventing hearing loss at the work place, hearing protection devices also prevent hearing loss from non-occupational activities such as fire arms and loud music. Good hearing protection devices should be comfortable to wear, should have a good seal, and should allow for effective communication. The size and shape of the device might vary depending on environmental conditions, size of the ear canal, and individual comfort.
Double-Digit Growth for Hearing Protection Devices Market over Next Six Years
The global hearing protection devices market is fueled by the rising number of regulations to minimize noise-induced hearing loss in several industries. The market is also driven by rise in employment in construction and manufacturing sectors, fast-paced urbanization in developing economies, rapid growth of the military weapons, construction, and manufacturing industries, the increasing demand for low-cost earplugs, and the surging demand for next-gen hearing protection devices in the military. These factors are mainly responsible for the double-digit growth of the global hearing protection devices market. According to a report by Persistence Market Research, the worldwide market is anticipated to register a 12.40% CAGR from 2015 to 2021, rising from a value of US$951.3 mn in 2015 to US$1,943.8 mn in 2021.
Even though improper hearing attenuation and lack of awareness threaten to restrict the growth of the market, trend such as rising investments in North America, technology shift from conventional earplugs to those fitted with acoustic filters, increasing focus on customized hearing protection devices, strong competition among regional players, and growing demand for uniform attenuation earplugs are projected to benefit the overall market.
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North America to Retain Lead through 2021
The global hearing protection devices market covers five key regions: Europe, the Middle East and Africa, North America, Latin America, and Asia Pacific. Among these, North America emerged as the leader in the hearing protection devices market. Fueled by higher disposable income, growing awareness about the hazards of noise pollution, and rising technological advances, this region is projected to retain its lead through 2021. Asia Pacific is anticipated to witness strong growth over the next six years owing to rise in construction activities in countries such as India, Philippines, China, Bangladesh, and Indonesia, and rapid industrialization. The Middle East and Africa region is also highly lucrative and holds immense opportunities for growth.
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Mining Industry Leading End-Use Segment
Hearing protection devices are used in a number of industries such as forestry, mining, healthcare, construction, military, and manufacturing. In 2014, the mining sector emerged as the leading end-use segment within the hearing protection devices market. The construction sector, on the other hand, is estimated to develop at the fastest pace during the period of 2015 to 2021 owing to strict safety regulations at the workplace. In terms of revenue, the healthcare sector holds the smallest share in the overall hearing protection devices market.
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The most promising players in the global hearing protection devices market include ADCO Hearing Products Inc., Centurion Safety Products Ltd, Siemens Healthcare GmbH, 3M, Amplifon, Honeywell International Inc., Dynamic Ear Company, Elvex Corporation, Hellberg Safety AB, Sonomax Technologies Inc., Moldex-Metric Inc.