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Audiology Devices Market Size, Share & Trends Analysis Report By Technology (Digital, Analog), By Age Group (Pediatrics, Adults), By Product (Cochlear Implants, Hearing Aids), By Sales Channel, And Segment Forecasts, 2022 - 2030

August 2022 | 120 pages | ID: ADC0D648A6DEN
Grand View Research, Inc.

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Audiology Devices Market Growth & Trends

The global audiology devices market size is expected to reach USD 16.6 billion by 2030, expanding at a CAGR of 7.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing cases of hearing disorders, especially in the geriatric population, rising purchasing capacity, investments in R&D, and strong government support for better healthcare infrastructure are expected to drive the industry growth over the forecast period. High comfort offered by newly introduced hearing aids, improved connectivity, and a better user interface is some of the factors attributing to the high usage rate of audiology devices. Better quality of life along with acceptance of digital hearing aids is anticipated to further drive the demand. In a study published in January 2019, it was observed that hearing aids reduce symptoms associated with dementia.

However, the usage is hampered due to the exclusion of fitting of hearing aids or exams from the Original Medicare program. In addition, the rising government initiatives for audiology devices are expected to propel growth. For instance, in 2019, the Government of France introduced a reform in the health system and granted 100% reimbursement for auditive, dental, and optical care with the '100 % Sant? slogan. Furthermore, the prices of the hearing aids have been capped and the amount would be reimbursed by the social security system. The COVID-19 pandemic adversely affected the industry due to the supply chain disruptions, postponement of cochlear & BAHA surgeries, and decline in audiological care appointments. As per the Hearing Industries Association (HIA), the sales of hearing aids decline by 18.0% in 2020. As a result, many manufacturers reported a decline in their sales.

Audiology Devices Market Report Highlights
  • The hearing aids segment held the largest market share in 2021. However, cochlear implants are expected to be the fastest-growing segment over the forecast period
  • Cochlear implants are widely used owing to their high effectiveness, in terms of sentence understanding
  • The digital technology segment accounted for the maximum share in 2021 due to its increased adaptability and connectivity with mobile devices
  • On the basis of sales channel, the retail segment dominated the market in 2021 owing to the increasing availability of OTC hearing aids at retail stores
  • North America dominated the global industry in 2021 due to technological advancements and the presence of major companies in the region
  • Asia Pacific is anticipated to register the fastest CAGR from 2021 to 2030 owing to the improving healthcare infrastructure along with the growing geriatric population in emerging countries, such as India and China
CHAPTER 1 REPORT SCOPE AND OBJECTIVES

1.1 Market Segmentation
1.2 Regional Scope
1.3 Estimates and Forecast Timeline
1.4 Research Objectives
  1.4.1 Objective -
  1.4.2 Objective -
  1.4.3 Objective -

CHAPTER 2 METHODOLOGY

2.1 Research Methodology
  2.1.1 Information procurement
  2.1.2 Purchased Database
  2.1.3 GVR’s Internal Database
  2.1.4 Secondary Sources
  2.1.5 Primary Research
2.2 Information or Data Analysis
  2.2.1 Data Analysis Models
2.3 Market Formulation & Validation
2.4 Model Details
  2.4.1 Commodity Flow Analysis
  2.4.2 Volume price analysis
2.5 List of Secondary Sources
2.6 List of Abbreviations

CHAPTER 3 EXECUTIVE SUMMARY

3.1 Market Outlook
3.2 Segment Outlook
  3.2.1 Product
  3.2.2 Technology
  3.2.3 Sales Channel
  3.2.4 Age Group
3.3 Regional Outlook
3.4 Competitive Insights

CHAPTER 4 MARKET VARIABLES, TRENDS & SCOPE

4.1 Market Lineage Outlook
  4.1.1 Parent Market Outlook
  4.1.2 Related/Ancillary Market Outlook
4.2 Audiology Devices Market Dynamics
  4.2.1 Market Driver Analysis
  4.2.2 Market Restraint Analysis
4.3 Audiology Devices Market: Business Environment Analysis Tools
  4.3.1 Porter’s five forces analysis
    4.3.1.1 Threat of new entrants
    4.3.1.2 Bargaining power of buyers:
    4.3.1.3 Competitive rivalry
    4.3.1.4 Threat of substitutes
    4.3.1.5 Bargaining power of suppliers
  4.3.2 PESTLE Analysis
    4.3.2.1 Political & legal
    4.3.2.2 Economic & Social
    4.3.2.3 Technological
4.4 Penetration & Growth Prospect Mapping
4.5 Qualitative Analysis: Impact of COVID-19 on Audiology Devices Market

CHAPTER 5 AUDIOLOGY DEVICES MARKET: PRODUCT ANALYSIS

5.1 Audiology Devices Product Market Share Analysis, 2021 & 2030
5.2 Audiology Devices Product Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2016 - 2030 for the Product Segment
  5.3.1 Hearing Aids
    5.3.1.1 Hearing Aids market, 2016 - 2030 (USD Million)
  5.3.2 Cochlear Implants
    5.3.2.1 Cochlear Implants market, 2016 - 2030 (USD Million)
  5.3.3 BAHA/BAHS
    5.3.3.1 BAHA/BAHS market, 2016 - 2030 (USD Million)
  5.3.4 Diagnostic Devices
    5.3.4.1 Diagnostic Devices market, 2016 - 2030 (USD Million)

CHAPTER 6 AUDIOLOGY DEVICES MARKET: TECHNOLOGY ANALYSIS

6.1 Audiology Devices Technology Market Share Analysis, 2021 & 2030
6.2 Audiology Devices Technology Market: Segment Dashboard
6.3 Market Size & Forecasts and Trend Analyses, 2016 - 2030 for the Technology Segment
  6.3.1 Digital Audiology Devices
    6.3.1.1 Digital Audiology Devices market, 2016 - 2030 (USD Million)
  6.3.2 Analog Audiology Devices
    6.3.2.1 Analog Audiology Devices market, 2016 - 2030 (USD Million)

CHAPTER 7 AUDIOLOGY DEVICES MARKET: SALES CHANNEL ANALYSIS

7.1 Audiology Devices Sales Channel Market Share Analysis, 2021 & 2030
7.2 Audiology Devices Sales Channel Market: Segment Dashboard:
7.3 Market Size & Forecasts and Trend Analyses, 2016 to 2030 for the Sales Channel Segment
  7.3.1 Retail Sales
    7.3.1.1 Retail sales market, 2016 - 2030 (USD Million)
  7.3.2 E-commerce
    7.3.2.1 E-commerce market, 2016 - 2030 (USD Million)
  7.3.3 Government Purchases
    7.3.3.1 Government Purchases market, 2016 - 2030 (USD Million)

CHAPTER 8 AUDIOLOGY DEVICES MARKET: AGE GROUP ANALYSIS

8.1 Audiology Devices Age Group Market Share Analysis, 2021 & 2030
8.2 Audiology Devices Age Group Market: Segment Dashboard:
8.3 Market Size & Forecasts and Trend Analyses, 2016 to 20230 for the Age Group Segment
  8.3.1 Adults
    8.3.1.1 Adults market, 2016 - 2030 (USD Million)
  8.3.2 Pediatrics
    8.3.2.1 Pediatrics market, 2016 - 2030 (USD Million)

CHAPTER 9 AUDIOLOGY DEVICES MARKET: REGIONAL ANALYSIS

9.1 Audiology Devices Regional Market Share Analysis, 2021 & 2030
9.2 Regional Market Snapshot
9.3 Market Size, & Forecasts and Trend Analysis, 2016 to 2030
  9.3.1 North America
    9.3.1.1 North America Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.1.2 U.S.
      9.3.1.2.1 U.S. Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.1.3 Canada
      9.3.1.3.1 Canada Audiology Devices Market, 2016 - 2030 (USD Million)
  9.3.2 Europe
    9.3.2.1 Europe Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.2.2 U.K.
      9.3.2.2.1 U.K. Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.2.3 Germany
      9.3.2.3.1 Germany Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.2.4 France
      9.3.2.4.1 France Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.2.5 Italy
      9.3.2.5.1 Italy Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.2.6 Spain
      9.3.2.5.1 Spain Audiology Devices Market, 2016 - 2030 (USD Million)
  9.3.3 Asia Pacific
    9.3.3.1 Asia Pacific Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.3.2 Japan
      9.3.3.2.1 Japan Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.3.3 China
      9.3.3.3.1 China Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.3.4 India
      9.3.3.4.1 India Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.3.4 Australia
      9.3.3.4.1 Australia Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.3.5 South Korea
      9.3.3.5.1 South Korea Audiology Devices Market, 2016 - 2030 (USD Million)
  9.3.4 Latin America
    9.3.4.1 Latin America Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.4.2 Mexico
      9.3.4.2.1 Mexico Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.4.3 Brazil
      9.3.4.3.1 Brazil Audiology Devices Market, 2016 - 2030 (USD Million)
  9.3.5 Middle East & Africa
    9.3.5.1 Middle East & Africa Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.5.2 South Africa
      9.3.5.2.1 South Africa Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.5.3 Saudi Arabia
      9.3.5.3.1 Saudi Arabia Audiology Devices Market, 2016 - 2030 (USD Million)
    9.3.5.4 UAE
      9.3.5.5.1 UAE Audiology Devices Market, 2016 - 2030 (USD Million)

CHAPTER 10 COMPETITIVE ANALYSIS

10.1 Recent Developments & Impact Analysis, by Key Market Participants
10.2 Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
10.3 Company Market Position Analysis
10.4 Company Profiles
  10.4.1 Demant A/S
    10.4.1.1 Company overview
    10.4.1.2 Financial performance
    10.4.1.3 Product benchmarking
    10.4.1.4 Strategic initiatives
  10.4.2 GN Store Nord A/S
    10.4.2.1 Company overview
    10.4.2.2 Financial performance
    10.4.2.3 Product benchmarking
    10.4.2.4 Strategic initiatives
  10.4.3 Sonova
    10.4.3.1 Company overview
    10.4.3.2 Financial performance
    10.4.3.3 Product benchmarking
    10.4.3.4 Strategic initiatives
  10.4.4 Starkey Laboratories, Inc.
    10.4.4.1 Company overview
    10.4.4.2 Financial performance
    10.4.4.3 Product benchmarking
  10.4.5 MED-EL Medical Electronics
    10.4.5.1 Company overview
    10.4.5.2 Financial performance
    10.4.5.3 Product benchmarking
    10.4.5.4 Strategic initiatives
  10.4.6 WS Audiology A/S
    10.4.6.1 Company overview
    10.4.6.2 Financial performance
    10.4.6.3 Product benchmarking
    10.4.6.4 Strategic initiatives
  10.4.7 Cochlear Ltd.
    10.4.7.1 Company overview
    10.4.7.2 Financial performance
    10.4.7.3 Product benchmarking
    10.4.7.4 Strategic initiatives
  10.4.8 MAICO Diagnostics GmbH
    10.4.8.1 Company overview
    10.4.8.2 Financial performance
    10.4.8.3 Product benchmarking
    10.4.8.4 Strategic initiatives
  10.4.9 Oticon Medical
    10.4.9.1 Company overview
    10.4.9.2 Financial performance
    10.4.9.3 Product benchmarking
    10.4.9.4 Strategic initiatives
  10.4.10 INVENTIS srl
    10.4.10.1 Company overview
    10.4.10.2 Financial performance
    10.4.10.3 Product benchmarking
    10.4.10.4 Strategic initiatives
LIST OF TABLES

1. List of secondary sources
2. North America audiology devices market, by country, 2016 - 2030 (USD Million)
3. North America audiology devices market, by product, 2016 - 2030 (USD Million)
4. North America audiology devices market, by technology, 2016 - 2030 (USD Million)
5. North America audiology devices market, by sales channel, 2016 - 2030 (USD Million)
6. North America audiology devices market, by age group, 2016 - 2030 (USD Million)
7. U.S. audiology devices market, by product, 2016 - 2030 (USD Million)
8. U.S. audiology devices market, by technology, 2016 - 2030 (USD Million)
9. U.S. audiology devices market, by sales channel, 2016 - 2030 (USD Million)
10. U.S. audiology devices market, by age group, 2016 - 2030 (USD Million)
11. Canada audiology devices market, by product, 2016 - 2030 (USD Million)
12. Canada audiology devices market, by technology, 2016 - 2030 (USD Million)
13. Canada audiology devices market, by sales channel, 2016 - 2030 (USD Million)
14. Canada audiology devices market, by age group, 2016 - 2030 (USD Million)
15. Europe audiology devices market, by country, 2016 - 2030 (USD Million)
16. Europe audiology devices market, by product, 2016 - 2030 (USD Million)
17. Europe audiology devices market, by technology, 2016 - 2030 (USD Million)
18. Europe audiology devices market, by sales channel, 2016 - 2030 (USD Million)
19. Europe audiology devices market, by age group, 2016 - 2030 (USD Million)
20. U.K. audiology devices market, by product, 2016 - 2030 (USD Million)
21. U.K. audiology devices market, by technology, 2016 - 2030 (USD Million)
22. U.K. audiology devices market, by sales channel, 2016 - 2030 (USD Million)
23. U.K. audiology devices market, by age group, 2016 - 2030 (USD Million)
24. Germany audiology devices market, by product, 2016 - 2030 (USD Million)
25. Germany audiology devices market, by technology, 2016 - 2030 (USD Million)
26. Germany audiology devices market, by sales channel, 2016 - 2030 (USD Million)
27. Germany audiology devices market, by age group, 2016 - 2030 (USD Million)
28. France audiology devices market, by product, 2016 - 2030 (USD Million)
29. France audiology devices market, by technology, 2016 - 2030 (USD Million)
30. France audiology devices market, by sales channel, 2016 - 2030 (USD Million)
31. France audiology devices market, by age group, 2016 - 2030 (USD Million)
32. Italy audiology devices market, by product, 2016 - 2030 (USD Million)
33. Italy audiology devices market, by technology, 2016 - 2030 (USD Million)
34. Italy audiology devices market, by sales channel, 2016 - 2030 (USD Million)
35. Italy audiology devices market, by age group, 2016 - 2030 (USD Million)
36. Spain audiology devices market, by product, 2016 - 2030 (USD Million)
37. Spain audiology devices market, by technology, 2016 - 2030 (USD Million)
38. Spain audiology devices market, by sales channel, 2016 - 2030 (USD Million)
39. Spain audiology devices market, by age group, 2016 - 2030 (USD Million)
40. Asia Pacific audiology devices market, by country, 2016 - 2030 (USD Million)
41. Asia Pacific audiology devices market, by product, 2016 - 2030 (USD Million)
42. Asia Pacific audiology devices market, by technology, 2016 - 2030 (USD Million)
43. Asia Pacific audiology devices market, by sales channel, 2016 - 2030 (USD Million)
44. Asia Pacific audiology devices market, by age group, 2016 - 2030 (USD Million)
45. Japan audiology devices market, by product, 2016 - 2030 (USD Million)
46. Japan audiology devices market, by technology, 2016 - 2030 (USD Million)
47. Japan audiology devices market, by sales channel, 2016 - 2030 (USD Million)
48. Japan audiology devices market, by age group, 2016 - 2030 (USD Million)
49. China audiology devices market, by product, 2016 - 2030 (USD Million)
50. China audiology devices market, by technology, 2016 - 2030 (USD Million)
51. China audiology devices market, by sales channel, 2016 - 2030 (USD Million)
52. China audiology devices market, by age group, 2016 - 2030 (USD Million)
53. India audiology devices market, by product, 2016 - 2030 (USD Million)
54. India audiology devices market, by technology, 2016 - 2030 (USD Million)
55. India audiology devices market, by sales channel, 2016 - 2030 (USD Million)
56. India audiology devices market, by age group, 2016 - 2030 (USD Million)
57. Australia audiology devices market, by product, 2016 - 2030 (USD Million)
58. Australia audiology devices market, by technology, 2016 - 2030 (USD Million)
59. Australia audiology devices market, by sales channel, 2016 - 2030 (USD Million)
60. Australia audiology devices market, by age group, 2016 - 2030 (USD Million)
61. South Korea audiology devices market, by product, 2016 - 2030 (USD Million)
62. South Korea audiology devices market, by technology, 2016 - 2030 (USD Million)
63. South Korea audiology devices market, by sales channel, 2016 - 2030 (USD Million)
64. South Korea audiology devices market, by age group, 2016 - 2030 (USD Million)
65. Latin America audiology devices market, by country, 2016 - 2030 (USD Million)
66. Latin America audiology devices market, by product, 2016 - 2030 (USD Million)
67. Latin America audiology devices market, by technology, 2016 - 2030 (USD Million)
68. Latin America audiology devices market, by sales channel, 2016 - 2030 (USD Million)
69. Latin America audiology devices market, by age group, 2016 - 2030 (USD Million)
70. Brazil audiology devices market, by product, 2016 - 2030 (USD Million)
71. Brazil audiology devices market, by technology, 2016 - 2030 (USD Million)
72. Brazil audiology devices market, by sales channel, 2016 - 2030 (USD Million)
73. Brazil audiology devices market, by age group, 2016 - 2030 (USD Million)
74. Mexico audiology devices market, by product, 2016 - 2030 (USD Million)
75. Mexico audiology devices market, by technology, 2016 - 2030 (USD Million)
76. Mexico audiology devices market, by sales channel, 2016 - 2030 (USD Million)
77. Mexico audiology devices market, by age group, 2016 - 2030 (USD Million)
78. MEA audiology devices market, by country, 2016 - 2030 (USD Million)
79. MEA audiology devices market, by product, 2016 - 2030 (USD Million)
80. MEA audiology devices market, by technology, 2016 - 2030 (USD Million)
81. MEA audiology devices market, by sales channel, 2016 - 2030 (USD Million)
82. MEA audiology devices market, by age group, 2016 - 2030 (USD Million)
83. South Africa audiology devices market, by product, 2016 - 2030 (USD Million)
84. South Africa audiology devices market, by technology, 2016 - 2030 (USD Million)
85. South Africa audiology devices market, by sales channel, 2016 - 2030 (USD Million)
86. South Africa audiology devices market, by age group, 2016 - 2030 (USD Million)
87. Saudi Arabia audiology devices market, by product, 2016 - 2030 (USD Million)
88. Saudi Arabia audiology devices market, by technology, 2016 - 2030 (USD Million)
89. Saudi Arabia audiology devices market, by sales channel, 2016 - 2030 (USD Million)
90. Saudi Arabia audiology devices market, by age group, 2016 - 2030 (USD Million)
91. UAE audiology devices market, by product, 2016 - 2030 (USD Million)
92. UAE audiology devices market, by technology, 2016 - 2030 (USD Million)
93. UAE audiology devices market, by sales channel, 2016 - 2030 (USD Million)
94. UAE audiology devices market, by age group, 2016 - 2030 (USD Million)
LIST OF FIGURES

1. Market research process
2. Information procurement
3. Primary research pattern
4. Market research approaches
5. Value chain based sizing & forecasting
6. QFD modeling for market share assessment
7. Market formulation & validation
8. Audiology devices market outlook, 2021
9. Market trends & outlook
10. Audiology devices market segmentation
11. Penetration & growth prospect mapping
12. Market driver relevance analysis (Current & future impact)
13. Market restraint relevance analysis (Current & future impact)
14. Audiology devices product market share analysis, 2021 & 2030
15. Audiology devices product market: Segment dashboard
16. Hearing aids market, 2016 - 2030 (USD Million)
17. Cochlear implants market, 2016 - 2030 (USD Million)
18. BAHA/BAHS market, 2016 - 2030 (USD Million)
19. Diagnostic devices market, 2016 - 2030 (USD Million)
20. Audiology devices technology market share analysis, 2021 & 2030
21. Audiology devices technology market: Segment dashboard
22. Digital audiology devices market, 2016 - 2030 (USD Million)
23. Analog audiology devices market, 2016 - 2030 (USD Million)
24. Audiology devices sales channel market share analysis, 2021 & 2030
25. Audiology devices sales channel market: Segment dashboard
26. Retail sales market, 2016 - 2030 (USD Million)
27. E-commerce market, 2016 - 2030 (USD Million)
28. Government purchases market, 2016 - 2030 (USD Million)
29. Audiology devices age group market: Segment dashboard
30. Adults market, 2016 - 2030 (USD Million)
31. Pediatrics market, 2016 - 2030 (USD Million)
32. Audiology devices regional market share analysis, 2021 & 2030
33. Audiology devices regional market: Segment dashboard
34. Regional market place: Key takeaways
35. North America audiology devices market, 2016 - 2030 (USD Million)
36. U.S. audiology devices market, 2016 - 2030 (USD Million)
37. Canada audiology devices market, 2016 - 2030 (USD Million)
38. Europe audiology devices market, 2016 - 2030 (USD Million)
39. U.K. audiology devices market, 2016 - 2030 (USD Million)
40. Germany audiology devices market, 2016 - 2030 (USD Million)
41. France audiology devices market, 2016 - 2030 (USD Million)
42. Italy audiology devices market, 2016 - 2030 (USD Million)
43. Spain audiology devices market, 2016 - 2030 (USD Million)
44. Asia Pacific audiology devices market, 2016 - 2030 (USD Million)
45. Japan audiology devices market, 2016 - 2030 (USD Million)
46. China audiology devices market, 2016 - 2030 (USD Million)
47. India audiology devices market, 2016 - 2030 (USD Million)
48. Australia audiology devices market, 2016 - 2030 (USD Million)
49. South Korea audiology devices market, 2016 - 2030 (USD Million)
50. Latin America audiology devices market, 2016 - 2030 (USD Million)
51. Brazil audiology devices market, 2016 - 2030 (USD Million)
52. Mexico audiology devices market, 2016 - 2030 (USD Million)
53. MEA audiology devices market, 2016 - 2030 (USD Million)
54. South Africa audiology devices market, 2016 - 2030 (USD Million)
55. Saudi Arabia audiology devices market, 2016 - 2030 (USD Million)
56. UAE audiology devices market, 2016 - 2030 (USD Million)
57. Strategy framework
58. Company categorization
59. Company position analysis


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