- Cochlear Implant
- Diagnostic Devices
- Bone-anchored Hearing Aid
- Technological Hearing Aids
- Hearing Aids
Audiology Devices Market size was valued at USD 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.
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.
North-America got significant share
Audiology Devices Market Regional Analysis
In terms of sales share, North America led the overall market in the year 2018. The growth of the U.S. industry can be due to developments in audiology systems, an increase in the number of audiologists, and the adoption by existing suppliers of new digital platforms. Launching patient-centered audiology systems that enable easy handling of goods leads to more market growth in patient compliance.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The 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
Audiology Devices Market Segmentation
By Device Type
By Disease Type
- Otitis Media
- Ostosclerosis
- Tinnitus
- Disease
- Acoustic Tumors
- Acoustic Trauma
By End User
- Hospitals
- Audiology Clinics
- Rehabilitation Centers
- Others
Frequently Asked Questions
The audiology devices market size was valued at USD 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.
| 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 |
- AMBCO
- Benson Medical Instrument
- Cochlear Ltd.
- GN Store Nord A/S
- MED-EL GmbH
- MedRX
- Medtronic Inc.
- Nurotron Biotechnology Co. Ltd.
- Sonova Holdings
- Widex