The North America Audiology Devices Market is expected to witness market growth of 5.6% CAGR during the forecast period (2022-2028).
Nowadays, the majority of hearing healthcare professionals sell digital hearing aids. Digital hearing aids transform sound waves into numerical codes, whereas analog devices transform sound waves into electrical impulses. The pitch or volume of the sound is connected to the code. Because digital circuitry is more adaptable to work with, devices can often be adapted more precisely and easily to a patient's specific needs due to hearing loss.
Digital hearing aids can also be set up to prioritize sounds coming from a particular angle. All types of hearing aids can also have digital circuitry fitted, although the advantages it has over analog technology is expected to probably increase the cost. When hearing aids are no longer helpful for someone with severe hearing loss, cochlear implants can help them hear better. Their quality of life and ability to communicate can be enhanced through cochlear implants. Both ears (bilateral) and one ear (unilateral) can receive cochlear implants.
The market player across the region are estimated to witness several major growth prospects in the coming years due to various factors. The expansion of audiology models, an increase in the number of audiologists, as well as the introduction of creative computerized platforms by current providers, can all be attributed to the growth of the audiology market in the United States. In addition, the introduction of consumer-driven audiology models that utilize straightforward goods is stimulating industry growth. Moreover, due to the presence of the majority of significant players and the rapid advancement of audiology technology in the region, North America is one of the market leaders for audiology devices.
The US market dominated the North America Audiology Devices Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $3,944.7 million by 2028. The Canada market is poised to grow at a CAGR of 8% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 7.1% during (2022 - 2028).
Based on Technology, the market is segmented into Digital and Analog. Based on Product, the market is segmented into Hearing Aids, Cochlear Implants, Diagnostic Devices, and BAHA/BAHS. Based on Hearing Aids Type, the market is segmented into Behind-the-ear (BTE) and In-the-ear (ITE) & Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on End User, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Medtronic PLC, William Demant Holding A/S, GN Store Nord A/S, Sonova Holding AG, WS Audiology A/S, Natus Medical Incorporated, MED-EL GmbH, Starkey laboratories, Inc., and Benson Medical Instruments.
Nowadays, the majority of hearing healthcare professionals sell digital hearing aids. Digital hearing aids transform sound waves into numerical codes, whereas analog devices transform sound waves into electrical impulses. The pitch or volume of the sound is connected to the code. Because digital circuitry is more adaptable to work with, devices can often be adapted more precisely and easily to a patient's specific needs due to hearing loss.
Digital hearing aids can also be set up to prioritize sounds coming from a particular angle. All types of hearing aids can also have digital circuitry fitted, although the advantages it has over analog technology is expected to probably increase the cost. When hearing aids are no longer helpful for someone with severe hearing loss, cochlear implants can help them hear better. Their quality of life and ability to communicate can be enhanced through cochlear implants. Both ears (bilateral) and one ear (unilateral) can receive cochlear implants.
The market player across the region are estimated to witness several major growth prospects in the coming years due to various factors. The expansion of audiology models, an increase in the number of audiologists, as well as the introduction of creative computerized platforms by current providers, can all be attributed to the growth of the audiology market in the United States. In addition, the introduction of consumer-driven audiology models that utilize straightforward goods is stimulating industry growth. Moreover, due to the presence of the majority of significant players and the rapid advancement of audiology technology in the region, North America is one of the market leaders for audiology devices.
The US market dominated the North America Audiology Devices Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $3,944.7 million by 2028. The Canada market is poised to grow at a CAGR of 8% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 7.1% during (2022 - 2028).
Based on Technology, the market is segmented into Digital and Analog. Based on Product, the market is segmented into Hearing Aids, Cochlear Implants, Diagnostic Devices, and BAHA/BAHS. Based on Hearing Aids Type, the market is segmented into Behind-the-ear (BTE) and In-the-ear (ITE) & Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on End User, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Medtronic PLC, William Demant Holding A/S, GN Store Nord A/S, Sonova Holding AG, WS Audiology A/S, Natus Medical Incorporated, MED-EL GmbH, Starkey laboratories, Inc., and Benson Medical Instruments.
Scope of the Study
Market Segments Covered in the Report:
By Technology
- Digital
- Analog
By Product
- Hearing Aids
- Behind-the-ear (BTE)
- In-the-ear (ITE) & Others
- Cochlear Implants
- Diagnostic Devices
- BAHA/BAHS
By Distribution Channel
- Offline
- Online
By End User
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Medtronic PLC
- William Demant Holding A/S
- GN Store Nord A/S
- Sonova Holding AG
- WS Audiology A/S
- Natus Medical Incorporated
- MED-EL GmbH
- Starkey laboratories, Inc.
- Benson Medical Instruments
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Audiology Devices Market by Technology
Chapter 5. North America Audiology Devices Market by Product
Chapter 6. North America Audiology Devices Market by Distribution Channel
Chapter 7. North America Audiology Devices Market by End User
Chapter 8. North America Audiology Devices Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Siemens AG
- Medtronic PLC
- William Demant Holding A/S
- GN Store Nord A/S
- Sonova Holding AG
- WS Audiology A/S
- Natus Medical Incorporated
- MED-EL GmbH
- Starkey laboratories, Inc.
- Benson Medical Instruments
Methodology
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