Audiology Devices Market

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Global Audiology Devices Market Size, Analysis, Growth, Trends and
Forecasts to 2024 | Hexa Research
"The market for audiology devices is expected to
grow at a CAGR of 4.9% over the forecasted period
till 2024."
12 March 2019, The global Audiology Devices Market is estimated to grow at a 4.9% CAGR over the forecast phase
(2016-2024). It would be worth around USD 10 billion by 2024. Technological advances of these devices as well as
the increasing need by the elderly as well as those afflicted with hearing disorders will drive the market.
Audiology devices are known to facilitate in treatment of hearing disorders such as congenital hearing and nerve
deafness. It caters to three types of hearing loss viz., conductive, sensorineural, and mixed and grouped according to
severity of deafness.
The market is segmented by products and regions. Products of the audiology devices market encompass of
diagnostic devices, cochlear implants, hearing aid, technological aid, and bone anchoring hearing aids (BAHA).
Hearing aids are further divided into In-the-ear (ITE), Receiver-in-the-ear (RITE), canal hearing, and Behind-the-ear
(BTE) aids. Canal hearing aids encompass completely-in-canal (CIC), in-the-canal (ITC) hearing, and invisible-in-canal
aids. Major end-users of audiology devices are audiologists, service providers, and the healthcare sector.
Hearing aids was the leading product of the market in 2015. It generated more than 60% revenue on account of its
user-friendliness and high comfort. BTE aids had the largest share (55%) of the market in 2015. Cochlear implants
are predicted to see major growth due to its effectiveness. Demand for canal hearing aids is projected to drive
market demand in the coming years.
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Asia Pacific, Europe, North America, and RoW (Rest of the World) comprise as major geographical regions of the
market. North America dominated the audiology devices market in 2015 owing to superior healthcare infrastructure
and high disposable incomes. Europe accounted over 40% revenue shares in the same year. Asia Pacific is predicted
to display a CAGR above 7% over the forecast period. Largely untapped markets in India and Chi na will aid in market
growth.
Reputed global vendors of the audiology devices market are NHC/Amplifon, Duracell, Sophono (Medtronic), and
Starkey Hearing Technologies. They employ strategies of mergers, acquisitions, alliances and partnerships in order to
stay competitive. Main challenges faced by these players are lowered prices and increased shelf life of these
products. A clear policy regarding fair trade practices can create new pathways.
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Table of Content of Audiology Devices Market
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Audiology devices market snapshot, 2012 – 2024
Chapter 3 Audiology Devices Industry Insights
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 Market dynamics
3.3.1 Growth drivers
3.3.1.1 Increasing geriatric population
3.3.1.2 Hearing loss disorders growth
3.3.1.3 Technological and product innovation
3.3.1.4 Favorable regulatory scenario
3.3.2 Industry pitfalls & challenges
3.3.2.1 Implant surgeries and high cost
3.3.2.2 Concerns regarding aesthetic appeal
3.4 Key growth opportunities
3.5 Porter’s analysis
3.6 PESTEL analysis
3.7 Company market share analysis, 2015
Chapter 4 Audiology Devices Product Insights
4.1 Audiology devices market share, by product, 2015 & 2024
4.2 Hearing aids
4.2.1 Hearing aids market, 2012 - 2024 (USD Million)
4.2.2 In-the-Ear hearing aid market, 2012 - 2024 (USD Million)
4.2.3 Receiver-in-the-Ear (RITE) hearing aid market 2012 - 2024 (USD Million)
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4.2.4 Behind-the-Ear (BTE) hearing aid market 2012 - 2024 (USD Million)
4.2.5 Canal hearing aids ITC, CIC and IIC hearing aid market 2012 - 2024 (USD Million)
4.3 Cochlear implants
4.3.1 Cochlear implants market, 2012 - 2024 (USD Million)
4.4 BAHA/BAHS market
4.4.1 BAHA/BAHS market, 2012 - 2024 (USD Million)
4.5 Diagnostic devices
4.5.1 Diagnostic devices market, 2012 - 2024 (USD Million)
4.5.2 Tympanometers market, 2012 - 2024 (USD Million)
4.5.3 Otoscopes market, 2012 - 2024 (USD Million)
4.5.4 Audiometers market, 2012 - 2024 (USD Million)
Chapter 5 Hearing Aids Technology Insights
5.1 Hearing aids market share by technology, 2015 & 2024
5.2 Digital hearing aid market
5.2.1 Market estimates and forecasts, 2012 - 2024 (USD Million)
5.3 Analog hearing aid market
5.3.1 Market estimates and forecasts, 2012 - 2024 (USD Million)
Chapter 6 Audiology Devices Regional Insights
6.1 Audiology devices market share by region, 2015 & 2024
6.2 North America
6.2.1 Audiology devices market by product, 2012 - 2024 (USD Million)
6.2.2 Hearing aids market by product, 2012 - 2024 (USD Million)
6.2.3 Audiology diagnostic devices market by product, 2012 - 2024 (USD Million)
6.2.4 Hearing aids market by product, 2012 - 2024 (USD Million)
6.3 Europe
6.3.1 Audiology devices market by product, 2012 - 2024 (USD Million)
6.3.2 Hearing aids market by product, 2012 - 2024 (USD Million)
6.3.3 Audiology diagnostic devices market by product, 2012 - 2024 (USD Million)
6.3.4 Hearing aids market by product, 2012 - 2024 (USD Million)
6.4 Asia Pacific
6.4.1 Audiology devices market by product, 2012 - 2024 (USD Million)
6.4.2 Hearing aids market by product, 2012 - 2024 (USD Million)
6.4.3 Audiology diagnostic devices market by product, 2012 - 2024 (USD Million)
6.4.4 Hearing aids market by product, 2012 - 2024 (USD Million)
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6.5 Latin America
6.5.1 Audiology devices market by product, 2012 - 2024 (USD Million)
6.5.2 Hearing aids market by product, 2012 - 2024 (USD Million)
6.5.3 Audiology diagnostic devices market by product, 2012 - 2024 (USD Million)
6.5.4 Hearing aids market by product, 2012 - 2024 (USD Million)
6.6 MEA
6.6.1 Audiology devices market by product, 2012 - 2024 (USD Million)
6.6.2 Hearing aids market by product, 2012 - 2024 (USD Million)
6.6.3 Audiology diagnostic devices market by product, 2012 - 2024 (USD Million)
6.6.4 Hearing aids market by product, 2012 - 2024 (USD Million)
Chapter 7 Competitive Insights
7.1 Tremetrics
7.2 Benson Medical
7.3 Sophono
7.4 Phonak
7.5 Ambco
7.6 Inmedico
7.7 Micro-tech
7.8 Advanced Bionics
7.9 TV Ears
7.10 Geemarc
7.11 William Demant Holding A/S
7.12 GN ReSound Group
7.13 Sonova Holdings AG
7.14 Starkey Hearing Technologies
7.15 Siemens Healthcare
7.16 Widex A/S
7.17 Maico
7.18 Natus
7.19 MED-EL
7.20 MedRx
7.21 Amplicomms
7.22 Serene Innovations
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The global audiology devices market is estimated to grow at a 4.9% CAGR over the forecast phase (2016-2024)

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