Audiology Devices Market (By Product: BAHA/BAHS, Cochlear Implants, Hearing Aids, Diagnostic Devices; By Technology: Analog, Digital; By Sales Channel: Government Purchases, E-commerce, Retail Sales) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 190

According to Acumen Research and Consulting, the global audiology devices market is expected to grow at noteworthy CAGR around 6 % throughout the forecast period and reach around US$ 14.8 billion by 2026.

Audiology equipment is an electronic instrument for the diagnosis and treatment of impaired hearing. For instance, the congenital audition issue and nerve deafness, these instruments are very efficient. Three types of hearing losses are sensorineural, conductive and blended, and are organized into mild, severe, moderate and deep according to severity. Audiological devices take on importance throughout the globe, because correspondence is the most important know-how that improves links and maintains independence. On the contrary, the elevated costs connected with the appearance of audiological instruments for alternatives used in surgeries and social stigma function as important restrictions for this industry. Nevertheless, the untapped possibilities for players in developing nations, such as Brazil, China and India and increasing health awareness are important opportunities for players to gain momentum in the worldwide audiology industry.

The report provides analysis of global Audiology Devices market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Dynamics

Global audiology devices sector is driving by a growing geriatric population worldwide combined with a huge rise in hearing loss disorders. In this forecast period, the sector will further increase technological developments, product innovations and a favorable regulatory environment. The sector should see solid development backed by raising knowledge and implementation of the industry's advanced audiology technology. One of the main drivers is the increased number of persons living with hearing loss illnesses in developed countries, such as the United States and leading players in research and product development. But the progressive development of health infrastructure acceptance and development will support sector development in developing regions such as India and Brazil.

Market Insights

Factors such as increasing geriatric population and hearing illnesses and supporting governmental projects for simple hearing aid can attribute market development. By 2030, the overall world population of geriatrics is estimated at 1,4 billion. In the United States approximately 35 million Americans have hearing loss and approximately 70% to 85% of cases are untreated. However, increased market players will improve the therapy rate of hearing problems to incorporate traditional equipment with contemporary telemedy. The internet audiology platform providing audiological devices, testing and internet support for all customers was actively introduced in January 2019.

All platform users can interact through a video conference with an audiologist and obtain listening assistance without visiting an office or retail stores. In some government areas, basic hearing aids work poorly. Hearing Aid Technology (HAT), which uses frequency modulation, infrarouge, and induction loop technologies to eliminate noise, distance and reverberation effects. Without hearing aids or cochlear implants, HAT devices can be used. Another driving force for audiology systems is the growing demand for efficient instruments, the development of wireless systems and the ever greater acceptance of such technology-enhanced devices.

Product Stance

The listening aids dominated the product sector, whereas the highest development in the forecast time is expected in cochlear implants. Otoscope, audiometer and tympanometer are included in diagnostic systems. Implantation technology innovation decreases risk of infection, complications, surgical time and increases the patient's listening skills. The market growth should be increased by the demand for the invisible-in-channel hearing aid and full-in-channel hearing aid.

Sales Channel Stance

During 2016 around 3,28-3,65 million listening instruments were purchased on the U.S. market, comprising 78% sold in personal markets and 22% sold through Veterans Authority (VA). HERING ADMIPING Retail studios dominated by the existence of large retail chains in nations such as the United States. Many market players use eCommerce to offer online service assistance and expert advice to sell hearing aid products.

Technology Stance

Thanks to its quick adaptability, digital listening aids have dominated the technology segment. In order to intensify sound, analog hearing aids use an amplifier and a microphone. A microchip enabling programmable setup for various listening environment is included in some analog audio systems. Due to the provision of unadultered sound at an inexpensive price, analog devices are better than digital technology. The Oticon Opn range of hearing aids can also be linked to iPhone, iPad and iPod touch systems and enables consumers to stream audio directly to their hearing aids. Many producers give digital hearing aids with Bluetooth-based connectivity, integrated with in - the-ear (IS) and behind - the-ear models (BTE).

Regional Stance

In 2018, the general income share of North America dominated the market. The development of the US industry can be ascribed to the progress of audiology, an increase in the audiologists and a creation by existing suppliers of innovative digital platforms. The introduction of patient-centered audiology solutions that simplify product handling further leads to market development. The region of Asia Pacific will grow over the forecast period at the greatest CAGR. Market growth is due to growing geriatric populations and age-related hearing issues, a continuous improvement of health infrastructures, increased health care costs and consumer sensitivity.

Market Segmentation

Global Audiology Devices Market, By Product

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

Global Audiology Devices Market, By Technology

  • Analog
  • Digital

Global Audiology Devices Market, By Sales Channel

  • Government Purchases
  • E-commerce
  • Retail Sales

Global Audiology Devices Market, By Geography

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

The market research study on “Audiology Devices Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Audiology Devices market segments with market dynamics and their impact. The report also covers basic technology development policies.

It offers an assessment of the recent industry trends for each sub-segment between 2015 and 2026, and anticipates income development at worldwide, regional and nation levels. For this research, on the grounds of the product, technology, sales channel and region ARC segmenteted the worldwide audiology device market report:

Key Players & Strategies

Main players in the market include are Sonova Holdings AG, GN ReSound Group, MedRx, and NHC / Amplifon, Starkey Hearing Technologies, William Demant Holdings A / S, Widex A / S, Phonak, Audioscan, others.

Mergers & acquisitions, the creation of new goods, joint-ventures and partnerships form the strategies of these market actors. In March 2019, for instance, Sivantos Pte. The company was merged into WS Audiology, which formed a varied range of audio assistance products including Signia, Widex and Rexton. Widex A. and Ltd. finished a company fusion.


Related Reports

Medical Nonwoven Disposables Market (By Product: Incontinence Hygiene Products, Surgical Non-woven Products; By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Online Platform) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global medical nonwoven disposables market is forecasted to grow at a CAGR of 6.6% over the forecast time frame and reach around US$ 26.1 billion by 2026. The report provides analysis of global medical non-woven disposables market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Nonwovens are a unique category of textile product enginee

Plastic Surgery Instruments Market (By Type: Handheld Surgical Instruments, Electrosurgical Instruments; By Procedure: Face and Head Procedures, Breast Procedures, Body and Extremities Procedures, Reconstruction Surgeries) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global plastic surgery instruments market size is anticipated to reach around US$ 1.7 billion by 2026 and expected to grow at a CAGR of 8.5% from period 2019 to 2026. Plastic surgery involves the restoration, replacement, alteration and rehabilitation of body regions, such as the head, skin, musculoskeletal, breast and others. The two main kinds of plastic surgery are cosmetic and reconstructive. Cosmetic o

Upper Limb Prosthetics Market (By Component: Prosthetic Arm, Prosthetic Wrist, Prosthetic Shoulder, Prosthetic Elbow, Terminal Devices; By Product: Body Powered Prosthetic Devices, Passive Prosthetic Devices, Hybrid Prosthetic Devices, Myoelectric Prosthetic Devices; By Cause: Vascular Disease and Diabetes, Trauma, Cancer; By End Use: Ambulatory Surgical Centers, Hospitals, Prosthetic Clinics) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global upper limb prosthetics market size is expected to worth US$ 1.9 billion by 2026 and poised to grow at a CAGR around 10.5 % from period 2019 to 2026. The prothetics of the upper limbs have gone a long way from their ancient origins to advanced and advanced protheses of today's moments.  Today, the highest prothesis implants consist of aluminum, plastics and sophisticated composite components. The

MRI-Guided Neurosurgical Ablation Market (By Product: Accessories, MRI-guided Laser Ablation Systems, MRI-guided Focused Ultrasound Systems, MRI-guided Radiofrequency Ablation Systems; By End-use: Clinics, Ambulatory Surgical Centers, Hospitals) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global MRI-guided neurosurgical ablation market is forecasted to grow at a CAGR around 4.3% from period 2019 to 2026 and reach around US$ 5.4 billion by 2026. The report provides analysis of global MRI-guided Neurosurgical Ablation market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights An gr

Self-Monitoring Blood Glucose Devices Market (By Product: Continuous Glucose Monitors, Lancets, Self-monitoring Blood Glucose Meters, Testing Strips; By Application: Type 2 Diabetes, Type 1 Diabetes, Gestational Diabetes; By End-Use: Home Usage, Hospitals, Diagnostic Clinics & Centers) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction According to Acumen Research and Consulting, The global self-monitoring blood glucose devices market size is expected to reach US$ 19 billion by 2026 and market is growing at a CAGR of 5 % from 2019 to 2026. Diabetes is a clinical disorder in which the blood glucose level rises owing to the pancreas ' incapacity to generate insulin. Monitoring glucose is one of the most important measures in the leadership of diabetes

Ovarian Cancer Diagnostics Market (By Diagnosis Type: Imaging, Biopsy, Blood Test, Others; By Cancer Type: Germ Cell Tumor, Stromal Cell Tumor, Epithelial Tumor, Others; By End-Use: Cancer Diagnostic Centers, Hospital Laboratories, Research Institutes, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction  According to Acumen Research and Consulting, the global ovarian cancer diagnostics market is forecasted to grow at striking CAGR around 5.9 % over the forecast time frame and reach around US$ 1.8 billion by 2026. One of the most prevalent kinds of cancer in females is ovarian cancer. It is a cancer which begins in the ovaries. Ovary is a woman reproductive organ that contains eggs or ova. There are two ovaries i

Cart Summary