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Global Audiology Devices Market $15.3 Billion by 2031

The global market for audiology devices estimated to reach $15.3 billion by 2031, growing steadily at a CAGR of 4.2% over the forecast period, driven by increasing prevalence of deafness and age-related hearing impairment, and rising incidence of hearing impairment, as well as loss of hearing among younger generations.

  • Other factors boosting market growth include government support and initiatives for easy access to hearing aid products, technological advancement in wireless devices, cost-effective hearing aids, and widespread acceptance amongst the geriatric population.
Global Audiology Devices Market

Hearing loss affects people of all ages, in all segments of the population, and across all socioeconomic levels.

  • According to American Academy of Audiology (AAA), hearing loss is a significant public health problem in the United States.
    • It is the third most common chronic health condition, exceeded only by arthritis and hypertension, in persons 65 years of age and older.
  • The prevalence of age-related hearing loss (ARHL) in Europe indicates, roughly 30% of men and 20% of women in Europe suffer from hearing loss by age 70 years, and 55% of men and 45% of women by age 80 years. 
  • According to WHO estimates, around 466 million people worldwide have disabling hearing loss, and 34 million of these are children.
    • It is estimated that by 2050 over 900 million people will have disabling hearing loss.

People with hearing loss can benefit from the use of hearing devices, such as hearing aids, cochlear implants, and other assistive devices. However, global production of hearing aids meets less than 10% of global need and less than 3% of developing countries’ needs.

  • The lack of availability of services for fitting and maintaining these devices, and the lack of batteries are also barriers in many low-income settings.
    • Therefore, making properly-fitted, affordable hearing aids and cochlear implants and providing accessible follow-up services in all parts of the world for many people with hearing loss is needed.
  • Audiology devices are used in hearing tests, otoacoustic emission measurements, videonystagmography, and electrophysiologic tests for hearing, balance, and related disorders as well as identifying, diagnosing, treating and monitoring disorders of the auditory and vestibular system portions of the ear.

The global audiology devices market report provides market size ($million 2021 to 2031), market share, growth trends and forecast (CAGR%, 2024 to 2031).

The global market for audiology devices segmented by product [hearing aids (behind-the-ear aids, receiver-in-the-ear aids, in-the-ear aids, canal hearing aids); bone anchored hearing aids; cochlear implants; diagnostic devices – (audiometers, tympanometers, otoscopes)], technology (digital, analog), and geography.

  • Based on the products, the hearing aids segment accounted for the largest share of the total market, whereas the cochlear implants segment anticipated to witness the fastest growth during the forecast period.
    • Hearing aids have been shown to prevent progression to dementia and even reverse mild cognitive impairment.
    • The cochlear implants is a newer technology in medicine and continues to evolve rapidly. The device is used to convert sound to an electrical signal and deliver this to the hearing nerve, which bypasses the damaged hearing apparatus.
      • This device has given people once deemed deaf, the ability to hear once again, which is a profound medical accomplishment. Research suggests that cochlear implants may extend a patient’s life, as dementia may lead to an earlier death compared to peers.
        • The past 2 decades have witnessed an exponential rise in the number of cochlear implant (CI) surgeries performed. Continual developments in programming strategies, device design, and minimally traumatic surgical technique have demonstrated the safety and efficacy of CI surgery.
  • Recent technological advances have led to a rapid increase in alternative listening devices to conventional hearing aids. The research evidence suggests that alternative listening devices improve behavioral measures of speech intelligibility relative to unaided and/or aided conditions.
    • By technologies, the digital hearing aids segment dominated the global market, owing to rapid adaptations.
      • Digital processing has enabled the development of several generations of technology for tinnitus therapy.
        • The first digital generation was comprised of digital hearing aids (HAs) and personal digital music players implementing already established sound-based therapies, as well as text based information on the internet.
        • In the second generation Smart-phone applications (apps) alone or in conjunction with HAs resulted in more therapy options for users to select from.
        • The 3rd generation of digital tinnitus technologies began with the emergence of many novel, largely neurophysiologically-inspired, treatment theories that drove development of processing; enabled through HAs, apps, the internet and stand-alone devices.
    • On the other hand, the programmable analog hearing aids with an amplifier, microphone to intensify the sound, and microchip program settings for different listening environment are preferred over digital technology, attributed to cost-effective unadulterated sound delivery.
      • Acoustic amplification provided by hearing aids is currently the primary clinical management strategy for adults with mild and moderate hearing loss.
      • The alternative listening devices as standalone products provide amplification of sound (e.g. smartphone hearing aid applications; personal sound amplification products; hearables), as well as assistive listening devices (ALDs) that amplify and transmit sound directly into hearing aids (e.g. smartphone-connected hearing aids; remote microphone systems). 

The global audiology devices market research report is further divided by geography into North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), Latin America (Brazil, Mexico, Rest of LA) and Rest of the World.

  • In terms of geography, the North America region dominated the overall audiology products market, due to advancement in audiology technology, introduction of patient-centric tele-audiology platforms, and easy access to audiologists in the developed countries.
    • However, the Asia Pacific region expected to grow at the fastest CAGR in the coming years, owing to growing elderly population, age-related hearing disorders, improving healthcare infrastructure, and increasing product awareness in the developing countries.

The global audiology devices market report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments.

Major competitors operating in the global audiology devices market and included in this report are Ambco Electronics, Benson Medical Instruments Co., Cochlear Limited, Demant A/S, GN Store Nord A/S (GN ReSound/GN Hearing), MED-EL, Maico Audiological Services, MedRx, Inc., Medtronic plc, MicroTech Systems, Natus Medical, Inc., Siemens Healthineers AG, Sonova Holding AG, Starkey Hearing Technologies, Tremetrics, WS Audiology A/S, and Widex A/S.

  • Product
    • Hearing Aids
      • Behind-the-Ear (BTE) Aids
      • Receiver-in-the-Ear Aids
      • In-the-Ear (ITE) Aids
      • Canal Hearing Aids
    • Bone Anchored Hearing Aids (BAHA)
    • Cochlear Implants
    • Diagnostic Devices
      • Audiometers
      • Tympanometers
      • Otoscopes
  • Technology
    • Digital
    • Analog
  • Geography
    • North America (U.S., Canada)
    • Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
    • Asia Pacific (Japan, China, India, Rest of APAC)
    • Latin America (Brazil, Mexico, Rest of LA)
    • Rest of the World
  • Company Profiles
    • Ambco Electronics
    • Benson Medical Instruments Co.
    • Cochlear Limited
    • Demant A/S
    • GN Store Nord A/S (GN ReSound/GN Hearing)
    • MED-EL
    • Maico Audiological Services
    • MedRx, Inc.
    • Medtronic plc
    • MicroTech Systems
    • Natus Medical, Inc.
    • Siemens Healthineers AG
    • Sonova Holding AG
    • Starkey Hearing Technologies
    • Tremetrics
    • WS Audiology A/S
    • Widex A/S

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