Audiology Devices Market Size, Share, Growth, Trends, and Industry Analysis: By Device Type, By Disease Type, By End-user, and Region

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Audiology Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Industry Analysis By Device Type (Cochlear implant, Diagnostic devices, Bone-anchored hearing device, Technological hearing aids, Hearing aids), By Disease Type (Otitis media, Ostosclerosis, Tinnitus,  Disease, Acoustic tumor, and Acoustic Trauma), By End-user (Hospitals, Audiology Clinics, Rehabilitation center, and others), and Region

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Audiology Devices Market size was valued at US$ 9.2 billion in 2023 and is expected to reach 16.4 by 2030, at a CAGR of 6.7% CAGR from 2024-2030. Audiology devices are electronic devices used by audiologists to diagnose and cure hearing loss, and a hearing aid is a small electronic device worn in or behind the ear that amplifies sound so that people with hearing loss can listen and converse. Hearing aids can help people hear in both calm and busy environments. It is made up of three primary components: a microphone, an amplifier, and a speaker. This study analyses the global audiology devices market dynamics in a detailed manner to identify current trends and drivers, growth opportunities, and potential challenges to the key stakeholders of the market.

In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across regions and consumer unmet needs. Factors leading to the market growth are the growing geriatric population, the rising prevalence of hearing disorders, and the increasing frequency of disability.

Moreover, the growing number of deafness-related patients and the demand for cosmetic aesthetics for audiology equipment impose an optimistic outlook on the growth of the industry. However, with the appearance of audiology equipment, the high cost and social stigma are expected to hamper the market growth.  

Audiology Devices Market Key Developments: 

  • In January 2019, lively launched an online audiology platform that provides hearing aids, tests, and 24/7 online support for all clients. In January 2019, GN hearing launched most intuitive and personalized hearing solution that enhances users experience. This new product launch allows company to extend its existing product offerings in audiology devices market.

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Audiology Devices Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.7%

Largest Market

North America

Fastest Growing Market

Asia pacific

Audiology Devices Market Dynamics

Rising incidences of otic disorders will fuel growth in the industry. It is expected that by 2050, more than 900 million people will suffer from hearing loss, according to the WHO. Hearing loss happens for a variety of causes, including birth complications, genetic abnormalities, recurrent ear infections, prolonged noise exposure, and ageing. Therefore, people have begun to favor audiological devices such as cochlear implants to address difficulties resulting from hearing loss, which substantially enhance the hearing capacity of the person. The above factors could increase the growth of the audiology equipment sector in the coming years.

Audiology Devices Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 9.2 billion

Market CAGR

6.7%

By Device Type

  • Cochlear Implant
  • Diagnostic Devices
  • Bone-anchored Hearing Aid
  • Technological Hearing Aids
  • Hearing Aids

By Disease Type

  • Otitis Media
  • Ostosclerosis
  • Tinnitus
  •  Disease
  • Acoustic Tumors
  • Acoustic Trauma

By End User

  • Hospitals
  • Audiology Clinics
  • Rehabilitation Centers
  • Others

Key Features of the Report

  • The audiology devices market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The audiology devices market size was valued at US$ 9.2 billion in 2023

The audiology devices market key players are: AMBCO Benson Medical Instrument Cochlear Ltd. GN Store Nord A/S MED-EL GmbH MedRX Medtronic Inc. Nurotron Biotechnology Co. Ltd. Sonova Holdings Widex

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

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Audiology Devices Market Introduction 
2.1.Global Audiology Devices Market  - Taxonomy
2.2.Global Audiology Devices Market  - Definitions
2.2.1.Device Type
2.2.2.Disease Type
2.2.3.End Users
2.2.4.Region
3. Global Audiology Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Audiology Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Audiology Devices Market  By Device Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Cochlear Implant
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Diagnostic Devices
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Bone-anchored Hearing Aid
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Technological Hearing Aids
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Hearing Aids
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6. Global Audiology Devices Market  By Disease Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Otitis Media
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Ostosclerosis
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Tinnitus
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4.  Disease
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Acoustic Tumors
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Acoustic Trauma
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7. Global Audiology Devices Market  By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Audiology Clinics
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Rehabilitation Centers
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Others
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8. Global Audiology Devices Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. North America Audiology Devices Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Device Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Cochlear Implant
9.1.2.Diagnostic Devices
9.1.3.Bone-anchored Hearing Aid
9.1.4.Technological Hearing Aids
9.1.5.Hearing Aids
9.2.  Disease Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Otitis Media
9.2.2.Ostosclerosis
9.2.3.Tinnitus
9.2.4. Disease
9.2.5.Acoustic Tumors
9.2.6.Acoustic Trauma
9.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hospitals
9.3.2.Audiology Clinics
9.3.3.Rehabilitation Centers
9.3.4.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10. Europe Audiology Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Device Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Cochlear Implant
10.1.2.Diagnostic Devices
10.1.3.Bone-anchored Hearing Aid
10.1.4.Technological Hearing Aids
10.1.5.Hearing Aids
10.2.  Disease Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Otitis Media
10.2.2.Ostosclerosis
10.2.3.Tinnitus
10.2.4. Disease
10.2.5.Acoustic Tumors
10.2.6.Acoustic Trauma
10.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hospitals
10.3.2.Audiology Clinics
10.3.3.Rehabilitation Centers
10.3.4.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11. Asia Pacific (APAC) Audiology Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Device Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Cochlear Implant
11.1.2.Diagnostic Devices
11.1.3.Bone-anchored Hearing Aid
11.1.4.Technological Hearing Aids
11.1.5.Hearing Aids
11.2.  Disease Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Otitis Media
11.2.2.Ostosclerosis
11.2.3.Tinnitus
11.2.4. Disease
11.2.5.Acoustic Tumors
11.2.6.Acoustic Trauma
11.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hospitals
11.3.2.Audiology Clinics
11.3.3.Rehabilitation Centers
11.3.4.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12. Middle East and Africa (MEA) Audiology Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Device Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Cochlear Implant
12.1.2.Diagnostic Devices
12.1.3.Bone-anchored Hearing Aid
12.1.4.Technological Hearing Aids
12.1.5.Hearing Aids
12.2.  Disease Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Otitis Media
12.2.2.Ostosclerosis
12.2.3.Tinnitus
12.2.4. Disease
12.2.5.Acoustic Tumors
12.2.6.Acoustic Trauma
12.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hospitals
12.3.2.Audiology Clinics
12.3.3.Rehabilitation Centers
12.3.4.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13. Latin America Audiology Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Device Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Cochlear Implant
13.1.2.Diagnostic Devices
13.1.3.Bone-anchored Hearing Aid
13.1.4.Technological Hearing Aids
13.1.5.Hearing Aids
13.2.  Disease Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Otitis Media
13.2.2.Ostosclerosis
13.2.3.Tinnitus
13.2.4. Disease
13.2.5.Acoustic Tumors
13.2.6.Acoustic Trauma
13.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hospitals
13.3.2.Audiology Clinics
13.3.3.Rehabilitation Centers
13.3.4.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.AMBCO
14.2.2.Benson Medical Instrument
14.2.3.Cochlear Ltd.
14.2.4.GN Store Nord A/S
14.2.5.MED-EL GmbH
14.2.6.MedRX
14.2.7.Medtronic Inc.
14.2.8.Nurotron Biotechnology Co. Ltd.
14.2.9.Sonova Holdings
14.2.10.Widex
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

 

  • AMBCO
  • Benson Medical Instrument
  • Cochlear Ltd.
  • GN Store Nord A/S
  • MED-EL GmbH
  • MedRX
  • Medtronic Inc.
  • Nurotron Biotechnology Co. Ltd.
  • Sonova Holdings
  • Widex

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