Audiology Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Audiology Devices Market By Device Type (Cochlear implant, Diagnostic devices, Bone-anchored hearing device, Technological hearing aids, Hearing aids), By Disease type (Otitis media, Ostosclerosis, Tinnitus, Ménière´s Disease, Acoustic tumor, and Acoustic Trauma), By End user (Hospitals, Audiology Clinics, Rehabilitation center, and others), and Geography

 

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Report

Description

The global audiology devices market size was valued at US$ 8.1 billion in 2021 and is expected to reach 15.4 by 2028, at a CAGR of 5.7% CAGR during the forecast period 2022-2028. 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.

 

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 user’s experience. This new product launch allows company to extend its existing product offerings in audiology devices market.

Audiology Devices Market

MARKET SUMMARY
-
5.7% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.7%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Audiology Devices Market

  • The report on global audiology devices market gives historical, current and future market sizes (US$ Bn) based on by device type, by disease type, by end user and region.
  • audiology devices market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • AMBCO
  • Benson Medical Instrument
  • Cochlear Ltd.
  • GN Store Nord A/S
  • MED-EL GmbH
  • MedRX
Audiology Devices Market Drivers And Restraints

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

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • 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
Aircraft Filters Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The audiology devices market is projected to expand at a CAGR of 5.7% during the forecast period.

AMBCO, Benson Medical Instrument, Cochlear Ltd, GN Store Nord A/S, MED-EL GmbH, MedRX

North America is the fastest-growing region for audiology devices market


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Audiology Devices Market Introduction
    • Global Audiology Devices Market – Taxonomy
    • Global Audiology Devices Market –Definitions
      • By Device Type
      • By Disease Type
      • By End User
      • By Region
  1. Global Audiology Devices Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Audiology Devices Market Dynamic Factors – Impact Analysis
    • Global Audiology Devices Market – Competition Landscape
  2. Global Audiology Devices Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Audiology Devices Market, By Device Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Cochlear Implant
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Diagnostic Devices
      • Market Analysis, 2015 – 2019 and Forecast, 2020 6- 2666026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bone-anchored Hearing Aid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Technological Hearing Aid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 6- 2666026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hearing Aids
      • Market Analysis, 2015 – 2019 and Forecast, 2020 6- 2666026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Audiology Devices Market, By Disease Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Otitis Media
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ostosclerosis
      • Market Analysis, 2015 – 2019 and Forecast, 2020 6- 2666026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Tinnitus
      • Market Analysis, 2015 – 2019 and Forecast, 2020 6- 2666026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ménière´s Disease
      • Market Analysis, 2015 – 2019 and Forecast, 2020 6- 2666026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Acoustic Tumors
      • Market Analysis, 2015 – 2019 and Forecast, 2020 6- 2666026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Acoustic Trauma
      • Market Analysis, 2015 – 2019 and Forecast, 2020 6- 2666026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Audiology Devices Market, By End User, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Hospitals
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Audiology Clinics
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rehabilitation Centers
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Audiology Devices Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Audiology Devices Market – Opportunity Analysis Index, By Device Type, By Disease Type, By End User, and Region, 2020 – 2026
  2. North America Audiology Devices Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cochlear Implant
      • Diagnostic Devices
      • Bone-anchore hearing aids
      • Technological hearing aids
      • Hearing aids
    • Disease Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Otitis Media
      • Ostosclerosis
      • Tinnitus
      • Ménière´s Disease
      • Acoustic Tumors
      • Acousic Trauma
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals
      • Audiology Clinics
      • Rehabilitation Centers
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Audiology Devices Market – Opportunity Analysis Index, By Device Type, By Disease Type, By End User, and Country, 2020 – 2026
    • North America Audiology Devices Market Dynamics – Trends
  3. Europe Audiology Devices Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cochlear Implant
      • Diagnostic Devices
      • Bone-anchore hearing aids
      • Technological hearing aids
      • Hearing aids
    • Disease Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Otitis Media
      • Ostosclerosis
      • Tinnitus
      • Ménière´s Disease
      • Acoustic Tumors
      • Acousic Trauma
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals
      • Audiology Clinics
      • Rehabilitation Centers
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Audiology Devices Market – Opportunity Analysis Index, By Device Type, By Disease Type, By End User, and Country, 2020 – 2026
    • Europe Audiology Devices Market Dynamics – Trends
  4. Asia-Pacific Audiology Devices Market Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cochlear Implant
      • Diagnostic Devices
      • Bone-anchore hearing aids
      • Technological hearing aids
      • Hearing aids
    • Disease Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Otitis Media
      • Ostosclerosis
      • Tinnitus
      • Ménière´s Disease
      • Acoustic Tumors
      • Acousic Trauma
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals
      • Audiology Clinics
      • Rehabilitation Centers
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Audiology Devices Market – Opportunity Analysis Index, By Device Type, By Disease Type, By End User, and Country, 2020 – 2026
    • Asia-Pacific Audiology Devices Market Dynamics – Trends
  5. Latin America Audiology Devices Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cochlear Implant
      • Diagnostic Devices
      • Bone-anchore hearing aids
      • Technological hearing aids
      • Hearing aids
    • Disease Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Otitis Media
      • Ostosclerosis
      • Tinnitus
      • Ménière´s Disease
      • Acoustic Tumors
      • Acousic Trauma
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals
      • Audiology Clinics
      • Rehabilitation Centers
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Audiology Devices Market – Opportunity Analysis Index, By Device Type, By Disease Type, By End User, and Country, 2020 – 2026
    • Latin America Audiology Devices Market Dynamics – Trends
  6. Middle East and Africa Audiology Devices Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Device Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cochlear Implant
      • Diagnostic Devices
      • Bone-anchore hearing aids
      • Technological hearing aids
      • Hearing aids
    • Disease Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Otitis Media
      • Ostosclerosis
      • Tinnitus
      • Ménière´s Disease
      • Acoustic Tumors
      • Acousic Trauma
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals
      • Audiology Clinics
      • Rehabilitation Centers
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Audiology Devices Market – Opportunity Analysis Index, By Device Type, By Disease Type, By End User, and Country, 2020 – 2026
    • MEA Audiology Devices Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Catch & Catch Offerings, Key Developments, Strategies, and SWOT Analysis)
      • AMBCO
      • Benson Medical Instrument
      • Cochlear Ltd.
      • GN Store Nord A/S
      • MED-EL GmbH
      • MedRX
      • Medtronic Inc.
      • Nurotron Biotechnology Co. Ltd.
      • Sonova Holdings
      • Widex
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Key players profile in global audiology devices market include-

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

Description

The global audiology devices market size was valued at US$ 8.1 billion in 2021 and is expected to reach 15.4 by 2028, at a CAGR of 5.7% CAGR during the forecast period 2022-2028. 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.

 

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 user’s experience. This new product launch allows company to extend its existing product offerings in audiology devices market.

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