The global audiology devices market size was USD 9.3 Billion in 2022 and is likely to reach USD 16.77 Billion by 2031, expanding at a CAGR of 7.5% during 2023 – 2031. Rising demand for audiology solutions, due to the increasing prevalence of hearing loss and related disorders among the aged population, is anticipated to fuel the market.
Audiology devices are electronic devices that are used for diagnosing, monitoring, and measuring the hearing sensitivity of patients. These devices are utilized to check the occurrences of balance-related issues. Hearing loss is caused by exposure to loud noise for a long time and is often connected with the geriatric population.
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According to a report published in 2023, globally, over 1.5 billion people are currently suffering from hearing loss. Furthermore, approximately 430 million patients with a hearing disability require rehabilitation for hearing loss.
The COVID-19 pandemic hampered the growth of the audiology device market. Preventive measures imposed by the government forced many audiology clinics to shut down their services temporarily. This led to a decline in patient visits and reduced the overall demand for audiology devices. Moreover, a sudden disruption in the global supply chains and manufacturing processes caused a certain delay in the distribution of these devices, which decreased the market growth.
Global Audiology Devices Market Dynamics
Major Drivers
Rising prevalence of hearing impairment is expected to drive the market during the forecast period. According to the National Institute on Deafness and Other Communication Disorders, over 2 to 3 out of every 1000 children in the US are born with hearing-related issues with one or both ears. Furthermore, every year, approximately 15% of American adults, which accounts for over 37.5 million people, report hearing loss.
Factors such as age-related hearing loss, exposure to loud noise, or underlying health conditions are major causes that create hearing problems. This creates demand for audiology devices for diagnosing and curing hearing issues and communication abilities. Audiology equipment, such as hearing aids and assistive listening devices, are made to restore the hearing capacity of individuals. This helps patients to hear clearly and engage in daily activities effectively.
Existing Restraints
High cost associated with audiology devices is expected to hinder the market. Audiology devices, such as hearing aids and cochlear implants, are costly. High price of these devices coupled with additional expenses such as fittings, follow-up appointments, and maintenance creates a financial barrier for many individuals. These factors limit the use of audiology devices.
Emerging Opportunities
Technological advancement and the rising adoption of tele-audiology are likely to create immense opportunities in the market. Manufacturers are improving audiology device technology using artificial intelligence and enhanced digital technology. This innovation enhances the overall hearing experience with upgraded performances, functionality, and connectivity of audiology devices, which allow audiology service providers to reach isolated areas and deliver convenient services without any limitations. Furthermore, tele-audiology allows patients to receive remote medical assistance and consultancy.
Scope of the Global Audiology Devices Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Audiology Devices Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Hearing Aids, Cochlear Implants, Diagnostic Devices, Bone-anchored Hearing Systems, and Others), End-user (Hospitals, Ambulatory Surgical Centers, Clinics, and Others), Technology (Digital and Analog), Distribution Channel (Retail, E-commerce, and Government Purchases), and Age Group (Pediatrics and Adults)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Advanced Bionics AG and affiliates; Arkitektfirmaet NORD A/S; Auditodata; Benson Medical Instruments; Cochlear Ltd.; Demant A/S; Elkon pvt ltd; INVENTIS s.r.l; MAICO Diagnostics GmbH; MED-EL Medical Electronics; MEDRx Co., Ltd; Micro Tech; Natus Medical Incorporated.; Oticon Medical A/S; RION Co.,Ltd.; Sonova; Starkey Laboratories, Inc.; WS Audiology A/S; and Zhejiang Nurotron Biotechnology Co., Ltd
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Market Segment Insights
Type Segment Analysis
Based on type, the audiology devices market is divided into hearing aids, cochlear implants, diagnostic devices, bone-anchored hearing systems, and others. The hearing aids segment is expected to hold a major market share during the projected period, due to the increasing adoption among doctors for the treatment of ear-related issues. Hearing aids amplify sound and deliver it to the ear to restore hearing capabilities. These aids are available in various designs, such as in-the-canal (ITC), in-the-ear (ITE), behind-the-ear (BTE), and completely-in-the-canal (CIC), which provides various features according to different needs.
The bone-anchored hearing systems (BAHS/BAHA) segment is anticipated to register a robust growth rate in the coming years, owing to their ability to address specific hearing challenges that cannot be effectively resolved by traditional hearing aids. BAHS devices are specialized audiology devices that provide hearing assistance by transmitting sound vibrations through bone conduction.
BAHS devices are primarily used to help individuals with conductive or mixed hearing loss, single-sided deafness, or those who are unable to wear conventional hearing aids. Moreover, these devices bypass the damaged or malfunctioning parts of the ear and stimulate the cochlea, which improves the transmission of sound signals.
End-user Segment Analysis
On the basis of end-user, the market is classified as hospitals, ambulatory surgical centers, clinics, and others. The hospitals segment is anticipated to hold a major market share during the forecast period, owing to the availability of experienced healthcare professionals. Audiology devices are used in these types of medical settings to treat a large number of people suffering from ear-related issues. Moreover, the increasing adoption of innovative technologies among hospitals to offer improved care is likely to contribute to the segment growth.
The ambulatory surgical centers (ASCs) segment is projected to expand at a considerable CAGR in the coming years, as it provides emergency services whenever required. Ambulatory healthcare services are popular, as they provide affordable and convenient care for treating hearing disorders. These settings are increasingly recognizing the importance of good quality patient care, including audiology services. Low cost and ease of accessibility associated with ASCs are likely to fuel the segment.
Technology Segment Analysis
In terms of technology, the audiology devices market is bifurcated into digital and analog. The digital segment is estimated to hold a key market share during the forecast period, as the use of this technology enhances signal processing for precise sound quality. Digital audiology devices amplify specific sound frequencies to provide patients with natural and personal hearing experiences. Furthermore, it has the ability to reduce background noise, which makes it a preferable choice among consumers.
Distribution Channel Segment Analysis
Based on distribution, the market is divided into retail, e-commerce, and government purchases. The retail segment is expected to dominate the market during the forecast period, as it provides after-sales services, including device maintenance, repairs, and follow-up care. Large inventory options, professional guidance regarding the use of the devices, and guarantee or warranty on products offered by retail stores are likely to boost the segment.
The e-commerce segment is expected to grow at a rapid pace in the coming years, owing to the increasing preferences of consumers to purchase audiology devices on digital platforms. Online stores often have extensive product catalogs and a wide variety of audiology devices, including hearing aids and related accessories. This allows consumers to explore different options, compare features, and choose the devices according to their needs.
Age Group Segment Analysis
On the basis of age group, the market is categorized into pediatrics and adults. The adults segment is expected to hold a major market share during the forecast period, due to the increasing prevalence of hearing impairment among the population of this age group. Age-related hearing loss, which is known as presbycusis caused by genetic variations and loud noise, is a common issue among adults. Furthermore, the rising adoption of customized audiology devices among working adults that are comfortable and compatible to use throughout their daily activities is likely to fuel the segment.
The pediatrics segment is anticipated to expand at a significant growth rate during the forecast period, owing to the rising number of infants who are born with hearing disabilities. Detecting and addressing hearing impairments at an early age is crucial for the overall development of a child, including speech and language skills, cognitive abilities, and social interactions.
Emphasis on screening programs in infants and children to identify hearing loss at an early age and provide appropriate interventions is growing. Moreover, children with hearing impairments often require specialized audiology devices to optimize their hearing abilities. Devices, such as hearing aids or cochlear implants, are designed to cater to the specific needs and anatomical differences of pediatric patients, which contributes to the market growth.
Regional Outlook
In terms of region, the global audiology devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market in the coming years, due to the presence of well-established healthcare facilities in the region. The region has a well-developed network of hospitals, clinics, audiology centers, and diagnostic facilities. This ensures easy access to audiology services and devices. The advanced healthcare infrastructure supports efficient diagnosis, treatment, and follow-up care for individuals with hearing impairments, which propels the market in the region.
The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, due to the rising cases of hearing impairment among the geriatric population. Moreover, the increasing awareness of hearing-related disorders and the need for audiology solutions boost the market in the region.
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As per a report published by the National Library of Medicine in July 2021, around 7 to 49 babies per 1000 births in India are born with hearing loss issues. Furthermore, otitis media infection was a common disease that causes hearing loss in children.
Segments
The global audiology devices market has been segmented on the basis of
Type
- Hearing Aids
- Cochlear Implants
- Diagnostic Devices
- Others
End-user
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
Technology
Age Group
Distribution
- Retail
- E-commerce
- Government Purchases
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Advanced Bionics AG and affiliates
- Arkitektfirmaet NORD A/S
- Auditodata
- Benson Medical Instruments
- Cochlear Ltd.
- Demant A/S
- Elkon pvt ltd
- INVENTIS s.r.l
- MAICO Diagnostics GmbH
- MED-EL Medical Electronics
- MEDRx Co., Ltd
- Micro Tech
- Natus Medical Incorporated.
- Oticon Medical A/S
- RION Co.,Ltd.
- Sonova
- Starkey Laboratories, Inc.
- WS Audiology A/S
- Zhejiang Nurotron Biotechnology Co., Ltd
Competitive Landscape
Key players competing in the global audiology devices market are Advanced Bionics AG and affiliates; Arkitektfirmaet NORD A/S; Auditodata; Benson Medical Instruments; Cochlear Ltd.; Demant A/S; Elkon pvt ltd; INVENTIS s.r.l; MAICO Diagnostics GmbH; MED-EL Medical Electronics; MEDRx Co., Ltd; Micro Tech; Natus Medical Incorporated.; Oticon Medical A/S; RION Co.,Ltd.; Sonova; Starkey Laboratories, Inc.; WS Audiology A/S; and Zhejiang Nurotron Biotechnology Co., Ltd.
These companies are boosting their market share by adopting various strategies such as partnerships, mergers, launching products, and implementing advanced technologies. For instance,
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On April 27, 2022, Cochlear acquired Oticon Medical. As part of the acquisition, Cochlear has committed to provide ongoing support for Oticon Medical. The acquisition allows both companies to increase investment in R&D to boost their market share.
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