Audiology Devices Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: September 6, 2020 |

The global audiology devices market has been projected to grow at the CAGR of over 5% market during 2020-2027. In 2019, the market has generated revenue of around USD 10 billion and now it has been expected to reach up to $ 13,886.6 million in terms of revenue by 2025.

Market Insights:

Audiology devices are the electronic equipment designed for the diagnosis and treatment of patients with hearing impairment. These devices are highly proficient for treating hearing impairment or other disorders related to hearing loss such as congenital hearing problems and nerve deafness. The rising geriatric population leading to growth in the prevalence of hearing loss, growing people awareness regarding hearing aids and favorable reimbursement scenario in the developed nations are the prime factors fueling the growth of the audiology devices market. The audiology devices market has been segmented into product types such as hearing aids, cochlear implants, BAHA/BAHS, and diagnostic devices.

In 2019, the hearing aids dominated the overall audiology devices market and are expected to sustain its dominance throughout the forecast period. The major factors driving the hearing aids market are acceptance of digital hearing aids, rising demand for aesthetically attractive hearing aids are the factors responsible for the growth of the audiology devices market. In the base year 2019, North America accounted for the largest market in the global audiology devices market due to the rising prevalence of patients with hearing impairments, high public awareness regarding diagnosis and hearing aids, and market penetration of advanced products in the market. According to the British MRC Institute of Hearing Research study, around 900 million people in the world will suffer from hearing loss in 2025. Asia-Pacific is expected to grow at an exponential rate during the forecast period due to unmet medical needs and developing healthcare infrastructure in the emerging markets of India and China. According to the World Health Organization (WHO), the global geriatric population i.e. pertaining to the age group – 65 years and above is expected to rise from 7% in 2000 to 16% in 2050.

Market Segment Insights:

The global audiology devices market for the purpose of this study is studied for the product type. The audiology devices market in terms of products has been segmented into hearing aids, cochlear implants, BAHA/BAHS, and diagnostic devices. Currently, hearing aids held the largest share in the audiology devices market and is expected to grow at the highest rate during the forecast period. The rising geriatric population leading to growth in the prevalence of hearing loss, growing people awareness regarding hearing aids and favorable reimbursement scenario in the developed nations are the prime factors fueling the growth of the audiology devices market.

Global Audiology Devices Market Segmentation:

By Products, 2018–2027 ($ Million)

  • Hearing Aids
  • Cochlear Implants
  • BAHA/BAHS
  • Diagnostic Devices

By Technology, 2018–2027 ($ Million)

  • Digital
  • Analog

By Geography, 2018-2027 ($ Million)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global audiology devices market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. Among the considered regional markets, North America currently dominates the global audiology devices market, with the US being the largest market in North America due to an increase in the prevalence of hearing problems and awareness of the patient. However, Asia-Pacific is expected to grow at an exponential rate during the forecast period due to unmet medical needs and developing healthcare infrastructure in the emerging markets of India and China.

Market Competition Assessment:

The major players currently operating in the global audiology devices market include are Sonova Holding AG, William Demant Holdings A/S, GN Re Sound Group, Seimens Healthcare, Starkey Hearing Technologies, Widex A/S and Others.

List of Key Companies:

  • Ambco
  • Benson Medical
  • Advanced Bionics
  • Amplicomms
  • GN ReSound Group
  • Tremetrics
  • Sophono
  • Phonak
  • Inmedico
  • Micro-tech

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Table of Content:


1. Preface


1.1. Report Scope and Description
1.2. Research Methodology

2. Executive Summary


2.1. Global Audiology Devices Market Snapshot
2.2. Global Audiology Devices Market, by Products, 2019 ($ Million)
2.3. Global Audiology Devices Market, by Technology, 2019 ($ Million)
2.4. Global Audiology Devices Market, by Geography, 2019 (Value %)

3. Global Audiology Devices Market Analysis


3.1. Global Audiology Devices Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Challenges
3.2.3. Opportunities
3.3. Attractive Investment Proposition, 2019
3.4. Competitive Landscape Assessment, By Key Market Players

4. Global Audiology Devices Market, By Product Type, 2018 – 2027 ($ Million)


4.1. Overview
4.2. Hearing Aids
4.3. Cochlear Implants
4.4. BAHA/BAHS
4.5. Diagnostic Devices

5. Global Audiology Devices Market, By Technology, 2018 – 2027 ($ Million)


5.1. Overview
5.2. Digital
5.3. Analoge

6. Global Audiology Devices Market, By Geography, 2018 – 2027 ($ Million)


6.1. Overview
6.2. North America
6.2.1. U.S.
6.2.2. Canada
6.3. Europe
6.3.1. U.K.
6.3.2. Germany
6.3.3. Rest of Europe
6.4. Asia Pacific
6.4.1. China
6.4.2. Japan
6.4.3. Rest of APAC
6.5. Latin America
6.6. Middle East and Africa

7. Company Profiles


7.1. Ambco
7.1.1. Business Description
7.1.2. Financial Health and Budget Allocation
7.1.3. Product Positions/Portfolio
7.1.4. News Coverage
7.2. Benson Medical
7.3. Advanced Bionics
7.4. Amplicomms
7.5. GN ReSound Group
7.6. Tremetrics
7.7. Sophono
7.8. Phonak
7.9. Inmedico
7.10. Micro-tech
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