Audiology Devices Market: Industry Perspective

The report covers forecasts and analyses for the Global Audiology Devices Market. The study provides historic data from 2016 to 2018 along with forecasts from 2019 to 2025 based on revenue (USD Million). In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Macro-economic indicators such as healthcare industry outlook, healthcare spending, research funding, GDP along with company websites, company annual reports, white papers, financial reports, and other sources have also been considered to arrive at the indicated market numbers.

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Electronic devices which are used by audiologists to diagnose and treat hearing impairment or hearing loss are known as audiology devices. These are also used to monitor and study hearing. Frequent hearing loss or hearing impairment are often associated with old age and is a growing problem globally. Cost-effective and efficient devices, technology advancements, and widespread acceptance of novel devices among the elderly population are likely to fuel the market growth for audiology devices. These devices today are being equipped with smart sensors that offer more ease to the users. Besides, wireless hearing aids are being manufactured by many companies which are also gaining traction in the audiology devices market.

The study provides a decisive view of the audiology devices market by segmenting the market based on product, disease type, end user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. Based on product the market is segmented into hearing aids, cochlear implants, BAHA/BAHS, and diagnostic devices. The hearing aids market is further segmented into receiver-in-the-ear (RITE), in-the-ear hearing aids (ITE), behind-the-ear (BTE), and canal hearing aids (CHA). The diagnostic devices market is further segmented into tympanometry, otoscopes, and audiometers. Hearing aids dominate the market while cochlear implants are likely to grow at a high CAGR owing to the reduced risk of infection, innovation in implantation techniques, operating time, and complications, and it also improves patients' ability to hear.