Audiological Devices Market: By Device Type (Cochlear Implants, Diagnostic Devices, Bone-anchored Hearing Aids,Technological Healing Aids, Hearing Aids, and Others ), By Disease Type (Otitis Media, Ostosclerosis, Tinnutus, Ménière´s Disease, and Others), By End Users (Hospitals, Audiology Clinics, Others) By Geography  

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Audiological Devices Market size was valued at USD 8.2 billion in 2021. It is expected to reach a value of USD 15.6 by 2028, growing at a CAGR of 5.8% CAGR from 2022-2028. Deafness is a consequence of a weakness in the ear or harm to the nerves related with hearing. The foundations for these imperfection incorporate innate deformities, wounds, maladies, symptoms of solutions, age-related elements, and introduction to exposure to loud noise. Audiology devices are assistive devices that assistance improve hearing capacity of patients. These gadgets differ based on estimate, shape, highlights, and hearing conditions. These gadgets are pointed towards demonstrative purposes and for the treatment of disabilities related with hearing. Audiological Devices work by amplifying sound, but it is only useful for people with the partial hearing loss not for people who are deaf or have profoundly impaired hearing. Hearing loss is associated with the damage or other abnormalities in the tiny censor hair cells present inside the cochlea or inner ear. According to WHO, there are more than 360 million people in the world affected by hearing loss disability. Hearing loss is one of the leading global disorder. As stated by the Royal National Institute for Deaf People, the prevalence of disorder increases with age, affecting 70% of people over 70 and 42% people over 50.Geriatric people are highly susceptible to hearing loss which can affect their social life. Due to this factor, Audiological Devices market is expected show significant growth. Untreated hearing loss among new born can affect their entire life. As it can lead to impairment in speaking and affect their psychological abilities. But due to technological advancement and development of Audiological Devices, it is now possible to help these children.  Also due to increasing awareness and better diagnostic facilities to detect the problem number of cases are being registered among new born children.

Audiological Devices Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.8%

Largest Market

North America

Fastest Growing Market

Europe
Audiological Devices Market Dynamics

Global Audiological Devices market is driven by the technological advancements in the Audiological Devices, product customizations and strategies of the market players to reach the wide number of patients. According to World Health Organization (WHO), 360 million people living with disabling hearing loss currently worldwide. One in three people of over the age 65 has a form of hearing loss, and approximately 37 Mn people can be benefited by the use of an implantable Audiological Devices such as a bone conduction implant or a cochlear implant. Furthermore, market players launched new advanced products such as Audiological Devices with advancements like noise reduction and connecting to mobile devices. With the light of these advancements Audiological Devices market is expected to grow at significant rate over the forecast period. However, high cost of devices and lack of awareness regarding available devices are hindering the Audiological Devices market.

Key Features of the Reports

  • The report provides granular level information about market size, regional market share, historic market  and forecast.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments and startups details that are actively working in the market.
  • The report provides plethora of information about market entry strategies.

Audiological Devices Market Segmentation

By Product
  • Cochlear Implants
  • Diagnostic Devices
  • Bone-anchored Hearing Aids
  • Technological Healing Aids
  • Hearing Aids
  • Others
By Application
  • Otitis Media
  • Ostosclerosis
  • Tinnitus
  • Ménière´s Disease
  • Acoustic Tumors
  • Acoustic Trauma
By End User
  • Hospitals
  • Audiology Clinics
  • Rehabilitation Centers
  • Others

 

By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The key segments covered in the audiology devices market are: by device type, disease type, end-users and geography

The audiology devices market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The audiology devices market key players are: AMBCO, Benson Medical Instrument, Cochlear Ltd., GN Store, Nord A/S, MED-EL GmbH

 

  • Cochlear (Australia)
  • MED-EL (Austria)
  • Sonova Holding AG (Switzerland)
  • The William Demant Holding Group (Denmark)
  • Nurotron Biotechnology Co. Ltd. (U.S)
  • Microson (Spain)

Adjacent Markets