Global Audiology Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2023

  • ID: 4394843
  • Report
  • Region: Global
  • Acute Market Reports
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FEATURED COMPANIES

  • Advanced Bionics
  • Amplicomms
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  • Inmedico
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Audiology Devices Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2017 - 2025, the audiology devices market was valued at USD 9,180.4 Mn in 2017, and is expected to reach USD 12,759.8 Mn by 2025, expanding at a CAGR of (5.4%) from 2017 - 2025.

Market Insights

Increasing base of aging population, mounting prevalence of hearing loss, rising patient’s awareness and favorable reimbursement policies in developed countries are the key factors assisting the growth of audiology devices market. Hearing aids was the leading product segment of this market due to rising application rate of these devices along with the introduction of advanced and novel digital technology and aesthetically attractive hearing aids. Estimates published by the World Health Organization (WHO) suggest that the global geriatric population i.e. pertaining to the age group - 65 years and above is expected to rise from 7% in 2000 to 16% in 2050. As aging is observed as the major risk factor for the development of hearing loss disorders and deafness; hence, the fact that the global base of aging population is anticipated to develop throughout the forecast period is expected to serve the growth of audiology devices market. WHO statistics also suggest that the prevalence rates of deafness and hearing loss in the geriatric population is approximately 33%, the highest in any age group. In addition, growing geriatric population base in Asian countries with large untapped opportunities such as India, and China is expected to drive market growth during the forecast period 2016 - 2023. Many hearing aids manufacturers have been offering hearing aids that can be embedded deep in the ear, thus becoming visually hidden. The latest behind-the-ear hearing aids are being made available in sizes so small that they are not easily visible and are connected to the ear with very thin and invisible tubes. The Invisible-in-Canal (IIC) hearing aids are designed to appeal to patients with cosmetic concerns. Such hearing aids are 100% undetectable by others. These aids are fit very close to the ear drum and thus, require less power and deliver natural and clearer sound. Increase in awareness about the availability of cosmetically appealing hearing devices, modern lifestyles and high purchasing power of the general population in developed countries will positively impact the demand for aesthetic hearing aids and thus drive the audiology devices market towards further growth.

In base year 2015, Europe accounted for the largest market share of 40.1% mainly due to rising prevalence of hearing impairment, mounting public awareness related with diagnosis, high market penetration of novel and advanced products accompanied with the presence of supportive reimbursement policies. Hence, the development of audiology devices market in this region is also projected to witness a significant growth owing to the presence of supportive and uniform government regulations across the Western European region.

Market Competition Assessment

The audiology devices market is observed as the most diversified and competitive market comprising large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are Sonova Holding AG, William Demant Holdings A/S, GN Re Sound Group, Seimens Healthcare, Starkey Hearing Technologies, Widex A/S and Others.

Key Market Movements:
  • Market experts suggest that, significantly rising market penetration and acceptance of digital hearing aid technology and demand for aesthetically attractive hearing aids are additional key factors responsible for growth of overall market
  • Increasing prevalence of deafness and hearing loss is one of the highest impact rendering drivers of the audiology devices market on account of the fact that increase in the prevalence of these disorders has a direct impact on the customer base
  • High prices associated with hearing impairment solutions especially surgery based is expected to restrain market growth during the forecast period
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Advanced Bionics
  • Amplicomms
  • Geemarc
  • Inmedico
  • Phonak
  • Sophono
  • MORE
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I - Secondary Research
1.3.2 Phase II - Primary Research
1.3.3 Phase III - Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Global Audiology Devices Market, by Product Type, 2015 v/s 2023 (Value %)
2.2 Global Audiology Devices Market, by Geography, 2015 (Value %)

Chapter 3 Global Audiology Devices Market Overview
3.1 Overview
3.2 Market Drivers
3.2.1 Rising prevalence of hearing impairment coupled with aging population
3.2.2 Incessant technological development in the audiology devices
3.2.3 Supportive government policies and initiatives that increases the public awareness related to audiology devices
3.3 Market Restraints
3.3.1 Premium priced products and surgical procedures of device implantation
3.4 Market Opportunities
3.4.1 Future research and growth in cochlear implants is expected to be the key opportunity in the near future
3.5 Attractive Investment Proposition
3.6 Market Competition Assessment: Audiology Devices, by Key Players

Chapter 4 Global Audiology Devices Market Analysis, By Product Type
4.1 Overview
4.2 Hearing Aids
4.2.1 In-The-Ear hearing aid
4.2.2 Receiver-in-the-Ear (RITE) hearing aid
4.2.3 Behind-the-Ear (BTE) hearing aid
4.2.4 Canal hearing aids ITC, CIC and IIC hearing aid
4.3 Cochlear Implants
4.4 BAHA/BAHS
4.5 Audiology Diagnostic Devices

Chapter 5 Global Audiology Devices Market, By Geography
5.1 Preface
5.2 North America
5.3 Europe
5.4 Asia Pacific
5.5 Latin America
5.6 Middle East and Africa

Chapter 6 Company Profiles
6.1 Ambco
6.1.1 Ambco: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.2 Benson Medical
6.2.1 Benson Medical: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.3 Advanced Bionics
6.3.1 Advanced Bionics: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.4 Amplicomms
6.4.1 Amplicomms: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.5 GN ReSound Group
6.5.1 GN ReSound Group: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.6 Tremetrics
6.6.1 Tremetrics: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.7 Sophono
6.7.1 Sophono: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.8 Phonak
6.8.1 Phonak: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.9 Inmedico
6.9.1 Inmedico: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.10 Micro-tech
6.10.1 Micro-tech: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.11 TV Ears
6.11.1 TV Ears: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.12 Geemarc
6.12.1 Geemarc: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.13 William Demant Holding A/S
6.13.1 William Demant Holding A/S: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.14 Sonova Holdings AG
6.14.1 Sonova Holdings AG: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.15 Widex A/S
6.15.1 Widex A/S: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
6.16 Starkey Hearing Technologies
6.16.1 Starkey Hearing Technologies: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)

List of Figures
Fig. 1 Audiology Devices Market: Research Methodology
Fig. 2 Global Audiology Devices Market, by Product Type, 2015 v/s 2023 (Value %)
Fig. 3 Global Audiology Devices Market, by Geography, 2015 (Value %)
Fig. 4 Attractive Investment Proposition for Audiology Devices Market, by Geography, 2015
Fig. 5 Cochlear Implants Market, 2015 - 2025 (USD Mn)
Fig. 6 BAHA/BAHS Market, 2015 - 2025 (USD Mn)
Fig. 7 Audiology Diagnostic Devices Market, 2015 - 2025 (USD Mn)
Fig. 8 North America Audiology Devices Market , 2015 - 2025 (USD Mn)
Fig. 9 Europe Audiology Devices Market , 2015 - 2025 (USD Mn)
Fig. 10 Asia-Pacific Audiology Devices Market , 2015 - 2025 (USD Mn)
Fig. 11 Latin America Audiology Devices Market , 2015 - 2025 (USD Mn)
Fig. 12 Middle East and Africa Audiology Devices Market , 2015 - 2025 (USD Mn)

List of Tables
Table 1 Market Competition Assessment: Audiology Devices, by Key Players
Table 2 Global Audiology Devices Market, by Product Type, 2015-2025 (USD Mn)
Table 3 Global Hearing Aid Market, by Type, 2015-2025 (USD Mn)
Table 4 Global Audiology Devices Market, by Geography, 2015 - 2025 (USD Mn)
Table 5 Ambco: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 6 Benson Medical: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 7 Advanced Bionics: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 8 Amplicomms: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 9 GN ReSound Group: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 10 Tremetrics: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 11 Sophono: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 12 Phonak: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 13 Inmedico: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 14 Micro-tech: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 15 TV Ears: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 16 Geemarc: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 17 William Demant Holding A/S: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 18 Sonova Holdings AG: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 19 Widex A/S: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Table 20 Starkey Hearing Technologies: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage)
Note: Product cover images may vary from those shown
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  • Ambco
  • Benson Medical
  • Advanced Bionics
  • Amplicomms
  • GN ReSound Group
  • Tremetrics
  • Sophono
  • Phonak
  • Inmedico
  • Micro-tech
  • TV Ears
  • Geemarc
  • William Demant Holding A/S
  • Sonova Holdings AG
  • Widex A/S
  • Starkey Hearing Technologies
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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