Audiology Devices Market By Product (bone Anchored Hearing Aids, Cochlear Implants, Hearing Aids, Otoscopes, Audiometers And Tympanometers) - Global Industry Analysis And Forecast To 2023
Published On : July 2018 Pages : 180 Category: Medical Devices Report Code : HC071106
Industry Outlook and Trend Analysis
Audiology Devices Market was worth USD 6.1 billion in 2017 and is expected to reach approximately USD 9.54 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.10% during the forecast period. Audiology devices are electronic instruments that are intended for diagnosing and treating hearing impairment. These devices are extremely effective for regarding hearing impairment, for example, congenital hearing problem and nerve deafness. Sensorineural, conductive and mixed hearing losses are the three sorts of hearing loss and according to severity, it is arranged into mild, severe, moderate and profound. Audiology devices are picking up significance over the world as correspondence is the most essential expertise which enhances connections and retains independence. The expanding pervasiveness of deafness particularly in the aged populace is anticipated to drive development over the figure time frame.
Product Outlook Trend Analysis
Diagnostic devices incorporate audiometers, otoscopes, and tympanometers. Technology aid devices incorporate analog hearing and digital hearing. A cochlear implant is an electronic device which sidesteps damaged sensory hair cell and gives a feeling of sound. It doesn't treat deafness however it can act as a substitute for hearing. Essential parts of the cochlear embed are speech processor, stimulator, microphones, transmitter, and receiver. There are couple of manufacturers of cochlear inserts which produces distinctive inserts with an alternate number of electrodes. A cochlear implant accomplishes a normal of 80% sentence understanding when contrasted with portable amplifiers with 10% sentence understanding. Development in implantation methods are related with lessened danger of complications, infection, working time and enhancing the patient's capacity to hear.
Regional Outlook and Trend Analysis
North America ruled the audiology devices market in 2017, trailed by the European market because of expanded predominance of deafness combined with the existence of high patient expendable incomes and advanced healthcare foundation. The Asia Pacific Audiology market is anticipated to develop at the most astounding CAGR amid the conjecture time frame because of expanding geriatric populace and age-related hearing issues, continually enhancing human services foundation, rising health care expenses and expanding attention to cutting edge Audiology device improvement and selection in rising nations, for example, India and China.
Competitive Insights
The leading players in the market are William Demant, Duracell, Widex, Interacoustics A/S, Starkey Laboratories, Cochlear Limited, GN ReSound Group, Audioscan, Siemens Healthineers, Advanced Bionics and Sonova. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Audiology Devices Market is segmented as follows-
By Product
- Bone Anchored Hearing Aids
- Cochlear Implants
- Hearing Aids
- Otoscopes
- Audiometers
- Tympanometers
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Audiology Devices Market, By Product, Estimates and Forecast, 2014-2023($Million)
· Bone Anchored Hearing Aids
· Cochlear Implants
· Hearing Aids
· Otoscopes
· Audiometers
· Tympanometers
· Audiology Devices Market, By Region, Estimates and Forecast, 2014-2023($Million)
o North America
§ North America Audiology Devices Market, By Country
o U.S. Audiology Devices Market
o Canada Audiology Devices Market
o Mexico Audiology Devices Market
o Europe
§ Europe Audiology Devices Market, By Country
o Germany Audiology Devices Market
o UK Audiology Devices Market
o France Audiology Devices Market
o Russia Audiology Devices Market
o Italy Audiology Devices Market
o Rest of Europe Audiology Devices Market
o Asia-Pacific
§ Asia-Pacific Audiology Devices Market, By Country
o China Audiology Devices Market
o Japan Audiology Devices Market
o South Korea Audiology Devices Market
o India Audiology Devices Market
o Southeast Asia Audiology Devices Market
o Rest of Asia-Pacific Audiology Devices Market
o South America
§ South America Audiology Devices Market
o Brazil Audiology Devices Market
o Argentina Audiology Devices Market
o Columbia Audiology Devices Market
o South Africa Audiology Devices Market
o Rest of South America Audiology Devices Market
o Middle East and Africa
§ Middle East and Africa Audiology Devices Market
o Saudi Arabia Audiology Devices Market
o UAE Audiology Devices Market
o Egypt Audiology Devices Market
o Nigeria Audiology Devices Market
o South Africa Audiology Devices Market
o Rest of MEA Audiology Devices Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Audiology Devices Market, By Product
5.1. Introduction
5.2. Global Audiology Devices Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Audiology Devices Sales and Sales Share by Product (2017-2027)
5.2.2. Global Audiology Devices Revenue and Revenue Share by Product (2017-2027)
5.3. Bone Anchored Hearing Aids
5.3.1. Global Bone Anchored Hearing Aids Sales and Growth Rate (2017-2027)
5.4. Cochlear Implants
5.4.1. Global Cochlear Implants Sales and Growth Rate (2017-2027)
5.5. Hearing Aids
5.5.1. Global Hearing Aids Sales and Growth Rate (2017-2027)
5.6. Otoscopes
5.6.1. Global Otoscopes Sales and Growth Rate (2017-2027)
5.7. Audiometers
5.7.1. Global Audiometers Sales and Growth Rate (2017-2027)
5.8. Tympanometers
5.8.1. Global Tympanometers Sales and Growth Rate (2017-2027)
6. Audiology Devices Market, By Region
6.1. Introduction
6.2. Global Audiology Devices Sales, Revenue and Market Share by Regions
6.2.1. Global Audiology Devices Sales by Regions (2017-2027)
6.2.2. Global Audiology Devices Revenue by Regions (2017-2027)
6.3. North America Audiology Devices by Countries
6.3.1. North America Audiology Devices Sales and Growth Rate (2017-2027)
6.3.2. North America Audiology Devices Revenue and Growth Rate (2017-2027)
6.3.3. North America Audiology Devices Sales by Countries (2017-2027)
6.3.4. North America Audiology Devices Revenue (Million USD) by Countries (2017-2027)
6.3.5. U.S.
6.3.5.1. United States Audiology Devices Sales and Growth Rate (2017-2027)
6.3.5.2. United States Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.3.6. Canada
6.3.6.1. Canada Audiology Devices Sales and Growth Rate (2017-2027)
6.3.6.2. Canada Audiology Devices Sales (Millions USD) and Growth Rate (2017-2027)
6.3.7. Mexico
6.3.7.1. Mexico Audiology Devices Sales and Growth Rate (2017-2027)
6.3.7.2. Mexico Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.4. Europe Audiology Devices by Countries
6.4.1. Europe Audiology Devices Sales and Growth Rate (2017-2027)
6.4.2. Europe Audiology Devices Revenue and Growth Rate (2017-2027)
6.4.3. Europe Audiology Devices Sales by Countries (2017-2027)
6.4.4. Europe Audiology Devices Revenue (Million USD) by Countries (2017-2027)
6.4.5. Germany
6.4.5.1. Germany Audiology Devices Sales and Growth Rate (2017-2027)
6.4.5.2. Germany Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.6. UK
6.4.6.1. UK Audiology Devices Sales and Growth Rate (2017-2027)
6.4.6.2. UK Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.7. France
6.4.7.1. France Audiology Devices Sales and Growth Rate (2017-2027)
6.4.7.2. France Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.8. Russia
6.4.8.1. Russia Audiology Devices Sales and Growth Rate (2017-2027)
6.4.8.2. Russia Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.9. Italy
6.4.9.1. Italy Audiology Devices Sales and Growth Rate (2017-2027)
6.4.9.2. Italy Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.10. Rest of Europe
6.4.10.1. Rest of Europe Audiology Devices Sales and Growth Rate (2017-2027)
6.4.10.2. Rest of Europe Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.5. Asia-Pacific
6.5.1. Asia-Pacific Audiology Devices Sales and Growth Rate (2017-2027)
6.5.2. Asia-Pacific Audiology Devices Revenue and Growth Rate (2017-2027)
6.5.3. Asia-Pacific Audiology Devices Sales by Countries (2017-2027)
6.5.4. Asia-Pacific Audiology Devices Revenue (Million USD) by Countries (2017-2027)
6.5.5. China
6.5.5.1. China Audiology Devices Sales and Growth Rate (2017-2027)
6.5.5.2. China Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.6. Japan
6.5.6.1. Japan Audiology Devices Sales and Growth Rate (2017-2027)
6.5.6.2. Japan Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.6.3.
6.5.7. Korea
6.5.7.1. Korea Audiology Devices Sales and Growth Rate (2017-2027)
6.5.7.2. Korea Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.8. India
6.5.8.1. India Audiology Devices Sales and Growth Rate (2017-2027)
6.5.8.2. India Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.9. Southeast Asia
6.5.9.1. Southeast Asia Audiology Devices Sales and Growth Rate (2017-2027)
6.5.9.2. Southeast Asia Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.10. Rest of Asia-Pacific
6.5.10.1. Rest of Asia-Pacific Audiology Devices Sales and Growth Rate (2017-2027)
6.5.10.2. Rest of Asia-Pacific Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.6. South America
6.6.1. South America Audiology Devices Sales and Growth Rate (2017-2027)
6.6.2. South America Audiology Devices Revenue and Growth Rate (2017-2027)
6.6.3. South America Audiology Devices Sales by Countries (2017-2027)
6.6.4. South America Audiology Devices Revenue (Million USD) by Countries (2017-2027)
6.6.5. Brazil
6.6.5.1. Brazil Audiology Devices Sales and Growth Rate (2017-2027)
6.6.5.2. Brazil Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.6. Argentina
6.6.6.1. Argentina Audiology Devices Sales and Growth Rate (2017-2027)
6.6.6.2. Argentina Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.7. Columbia
6.6.7.1. Columbia Audiology Devices Sales and Growth Rate (2017-2027)
6.6.7.2. Columbia Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.8. Rest of South America
6.6.8.1. Rest of South America Audiology Devices Sales and Growth Rate (2017-2027)
6.6.8.2. Rest of South America Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.7. Middle East and Africa
6.7.1. Middle East and Africa Audiology Devices Sales and Growth Rate (2017-2027)
6.7.2. Middle East and Africa Audiology Devices Revenue and Growth Rate (2017-2027)
6.7.3. Middle East and Africa Audiology Devices Sales by Countries (2017-2027)
6.7.4. Middle East and Africa Audiology Devices Revenue (Million USD) by Countries (2017-2027)
6.7.5. Saudi Arabia
6.7.5.1. Saudi Arabia Audiology Devices Sales and Growth Rate (2017-2027)
6.7.5.2. Saudi Arabia Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.6. United Arab Emirates
6.7.6.1. United Arab Emirates Audiology Devices Sales and Growth Rate (2017-2027)
6.7.6.2. United Arab Emirates Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.7. Egypt
6.7.7.1. Egypt Audiology Devices Sales and Growth Rate (2017-2027)
6.7.7.2. Egypt Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.8. Nigeria
6.7.8.1. Nigeria Audiology Devices Sales and Growth Rate (2017-2027)
6.7.8.2. Nigeria Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.9. South Africa
6.7.9.1. South Africa Audiology Devices Sales and Growth Rate (2017-2027)
6.7.9.2. South Africa Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.10. Rest of Middle East and Africa
6.7.10.1. Rest of Middle East and Africa Audiology Devices Sales and Growth Rate (2017-2027)
6.7.10.2. Rest of Middle East and Africa Audiology Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7. Company Profiles
7.1. GN ReSound Grou
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Sales, Revenue and Market Share
7.2. Starkey Hearing Technologies
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Sales, Revenue and Market Share
7.3. William Demant Holdings A/S
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Sales, Revenue and Market Share
7.4. Sonova Holdings AG
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Sales, Revenue and Market Share
7.5. Siemens Healthcare
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.5.4. Sales, Revenue and Market Share
7.6. Maico
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.6.4. Sales, Revenue and Market Share
7.7. Widex A/S.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.7.4. Sales, Revenue and Market Share
7.8. MED-EL
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.8.4. Sales, Revenue and Market Share
7.9. Natus
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Strategic Developments
7.9.4. Sales, Revenue and Market Share
7.10. MedRx
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Strategic Developments
7.10.4. Sales, Revenue and Market Share
8. Global Audiology Devices Market Competition, by Manufacturer
8.1. Global Audiology Devices Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Audiology Devices Revenue and Market Share by Manufacturer (2017-2017)
8.3. Global Audiology Devices Price by Manufacturer (2017-2017)
8.4. Top 5 Audiology Devices Manufacturer Market Share
8.5. Market Competition Trend
9. Audiology Devices Market Forecast (2027-2023)
9.1. Global Audiology Devices Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
9.2. Audiology Devices Market Forecast by Regions (2027-2023)
9.2.1. North America Audiology Devices Market Forecast (2027-2023)
9.2.1.1. United States Audiology Devices Market Forecast (2027-2023)
9.2.1.2. Canada Audiology Devices Market Forecast (2027-2023)
9.2.1.3. Mexico Audiology Devices Market Forecast (2027-2023)
9.2.2. Europe Audiology Devices Market Forecast (2027-2023)
9.2.2.1. Germany Audiology Devices Market Forecast (2027-2023)
9.2.2.2. United Kingdom Audiology Devices Market Forecast (2027-2023)
9.2.2.3. France Audiology Devices Market Forecast (2027-2023)
9.2.2.4. Russia Audiology Devices Market Forecast (2027-2023)
9.2.2.5. Italy Audiology Devices Market Forecast (2027-2023)
9.2.2.6. Rest of the Europe Audiology Devices Market Forecast (2027-2023)
9.2.3. Asia-Pacific Audiology Devices Market Forecast (2027-2023)
9.2.3.1. China Audiology Devices Market Forecast (2027-2023)
9.2.3.2. Japan Audiology Devices Market Forecast (2027-2023)
9.2.3.3. Korea Audiology Devices Market Forecast (2027-2023)
9.2.3.4. India Audiology Devices Market Forecast (2027-2023)
9.2.3.5. Southeast Asia Audiology Devices Market Forecast (2027-2023)
9.2.3.6. Rest of Asia-Pacific Audiology Devices Market Forecast (2027-2023)
9.2.4. South America Audiology Devices Market Forecast (2027-2023)
9.2.4.1. Brazil Audiology Devices Market Forecast (2027-2023)
9.2.4.2. Argentina Audiology Devices Market Forecast (2027-2023)
9.2.4.3. Columbia Audiology Devices Market Forecast (2027-2023)
9.2.4.4. Rest of South America Audiology Devices Market Forecast (2027-2023)
9.2.5. Middle East and Africa Audiology Devices Market Forecast (2027-2023)
9.2.5.1. Saudi Arabia Audiology Devices Market Forecast (2027-2023)
9.2.5.2. UAE Audiology Devices Market Forecast (2027-2023)
9.2.5.3. Egypt Audiology Devices Market Forecast (2027-2023)
9.2.5.4. Nigeria Audiology Devices Market Forecast (2027-2023)
9.2.5.5. South Africa Audiology Devices Market Forecast (2027-2023)
9.2.5.6. Rest of MEA Audiology Devices Market Forecast (2027-2023)
9.3. Audiology Devices Market Forecast by Product (2027-2023)
9.3.1. Global Audiology Devices Sales Forecast by Product (2027-2023)
9.3.2. Global Audiology Devices Sales Market Share Forecast by Product (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Audiology Devices Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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