11-Mar-2020 | Facts and Factors
Findings from Facts and Factors has authored “Audiology Devices Market By Product (Hearing Aids, [In-the-Ear Hearing Aids (ITE), Receiver-in-the-Ear (RITE), Behind-the-Ear (BTE), and Canal Hearing Aids (CHA)], Cochlear Implants, BAHA/BAHS, and Diagnostic Devices [Tympanometers, Otoscopes, and Audiometer]), By Disease Type (Otosclerosis, Meniere’s Disease, Acoustic Tumors, Otitis Media, and Others), and by End User (Hospitals, Ambulatory Surgical Centers, and Speciality Clinics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
According to the research report, the global audiology devices market in 2019 is approximately USD 9,500 Million. The market is expected to grow at a CAGR of 5.6% and is anticipated to reach around USD 13,950 Million by 2026.
Browse the full “Audiology Devices Market By Product (Hearing Aids, [In-the-Ear Hearing Aids (ITE), Receiver-in-the-Ear (RITE), Behind-the-Ear (BTE), and Canal Hearing Aids (CHA)], Cochlear Implants, BAHA/BAHS, and Diagnostic Devices [Tympanometers, Otoscopes, and Audiometer]), By Disease Type (Otosclerosis, Meniere’s Disease, Acoustic Tumors, Otitis Media, and Others), and by End User (Hospitals, Ambulatory Surgical Centers, and Speciality Clinics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026" report at https://www.fnfresearch.com/audiology-devices-market-by-product-hearing-aids-in-688
Audiology gadgets are utilized by audiologists to determine and treat hearing misfortune or hearing weakness. They are additionally used to study and screen hearing. Hearing debilitation or hearing misfortune is related to mature age which is a developing issue around the world. Proficient and financially savvy gadgets, across-the-board acknowledgment of novel gadgets and innovation progressions among the geriatric populace base, are a portion of the elements pushing market development for audiology gadgets universally.
Today, audiology gadgets are being strengthened with smart sensors that offer more simplicity to the clients. Moreover, remote listening devices are additionally being fabricated by numerous organizations that are picking up footing in the audiology gadgets showcase.
Practically 22% of the grown-up and the geriatric populace is influenced by hearing impedance in which a larger part of cases is from developed nations. According to WHO, about 10% of the masses experience hearing misfortune all-inclusive.
Moreover, social rejection, and ineptitude to speak with individuals causes disappointment and sentiment of loneliness among the old populace. So as to control neglected interest for these gadgets the producers of this market are creating gadgets that are undetectable when embedded inside the ear, to conquer the social disgrace associated with such gadgets. Likewise, mechanical progressions like discourse improvement and advanced noise reduction are encouraging the market development for audiology gadgets internationally.
The market for audiology devices gadgets is disseminated based on the product, end-user, disease type, and region. In light of the product, the market is bifurcated into diagnostic devices, cochlear implants, BAHA/BAHS, and hearing aids.
The portion for hearing aids accounted significant portion of the market in 2019, though, the section for cochlear implants are probably going to develop at high CAGR in the conjecture time frame because of advancement in implantation systems, decreased danger of disease, complexities, working time, and improved hearing capacity of patient's.
In light of end-users, the market is sectioned into hospitals, specialty clinics, and ambulatory surgical centers. The specialty clinic's growth application section held the biggest piece of the pie in 2019.
By disease type, the market for audiology gadgets is fragmented into acoustic tumors, Meniere’s disease, otosclerosis, otitis media, and others. The section for Meniere’s disease accounted for fora significant portion of the market in 2019 and is probably going to develop at high CAGR in the figure time frame.
As per details by the American Hearing Research Foundation (AHRF), around 0.2% of the populace experiences Meniere's illness and just about 46,000 new instances of this ailment are analyzed each year in the U.S. alone.
Geographically market is categorized as Europe, Latin America, APAC, North America, and the MEA regions. In the forecasted period North America hold a significant portion of the market because of the technological advancements, and healthcare infrastructure in this province Moreover, proactive government activities to bring issues to light among the majority of the upsides of this innovation have upheld the advancement of the market.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 9,500 Million |
Projected Market Size in 2026 |
USD 13,950 Million |
CAGR Growth Rate |
5.6% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
William Demant, WIDEX, Starkey Hearing Technologies, Sonova, Sivantos, Nurotron Biotechnology, Medtronic, MedRX, MED-EL, GN Store Nord, Cochlear, Benson Medical Instruments, AMBCO. , and others. |
Key Segment |
By Type, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Some of the major players operating in the audiology devices are William Demant, WIDEX, Starkey Hearing Technologies, Sonova, Sivantos, Nurotron Biotechnology, Medtronic, MedRX, MED-EL, GN Store Nord, Cochlear, Benson Medical Instruments, AMBCO.
This report segments the audiology devices market as follows:
Global Audiology Devices Market: Product Segment Analysis
- Hearing Aids
- In-the-Ear Hearing Aids (ITE)
- Receiver-in-the-Ear (RITE)
- Behind-the-Ear (BTE)
- Canal Hearing Aids (CHA)
- Cochlear Implants
- BAHA/BAHS
- Diagnostic Devices
- Tympanometry
- Otoscopes
- Audiometer
Global Audiology Devices Market: Disease Type Segment Analysis
- Otosclerosis
- Meniere’s Disease
- Acoustic Tumors
- Otitis Media
- Others
Global Audiology Devices Market: End-User Segment Analysis
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
Global Audiology Devices Market: Regional Segment Analysis
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest Of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East & Africa
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