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Global Audiological Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

  • ID: 4992314
  • Report
  • February 2020
  • Region: Global
  • Acute Market Reports
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FEATURED COMPANIES

  • Amplifon SpA
  • Cochlear Limited
  • GN ReSound Group
  • GN Store Nord
  • MedRx
  • Siemens Healthcare
  • MORE
The Audiological Devices market was valued at US$ 9,934.9 Mn in 2018 and expected to reach US$ 16,007.8 Mn by 2027 at a CAGR of 5.5% throughout the forecast period from 2019 to 2027. The market size in terms of volume was 15.80 Mn Units in 2018 and is projected to reach 25.95 Mn Units in 2027 expanding at a CAGR of 5.7%.

Market Insights
Increasing geriatric population will spur revenue growth during the forecast period

Increasing geriatric population across the globe prone to hearing disorders coupled with rapid technological advancements are key factors propelling the market growth. According to a recent report by the United Nations, the number of people above the age of 65 is anticipated to increase from 962 Mn in 2017 to 2.1 Bn in 2050. This, in turn, is expected to boost the demand for audiological devices market. According to recent surveys by MarkeTrak, EuroTrak by EHIMA and JapanTrak shows that 1 out of 10 people above the age of 50 are suffering from hearing loss. It is also estimated that out of 134 Mn babies born every year, 150,000 are candidates for cochlear implants. These demographic factors are key factors contributing to the growth of the audiological devices market.

In addition, deregulation, competition, and ubiquity of consumer electronics are seeing new models of service delivery emerge. This trend is especially prevalent in North America and Europe among others. The increasing integration of traditional devices with modern technologies by major market players is expected to increase the treatment rate of hearing disorders. With increasing technological advancements audiological devices are becoming smaller and more efficient. However, the high cost of audiological devices such as cochlear implants is hindering the growth of the global audiological devices market.

Industrial Developments
  • In February 2019, Widex A/S and Sivantos Pte. Ltd. announced the successful merger. The newly created company operates under the name WS Audiology. This merger has helped both the companies redefine the competitive landscape.
Key Market Movements
  • Globally, the audiological devices market is expanding at a CAGR of 5.5% in terms of revenue for the period of 2019 to 2027. In 2018, the market accounted for US$ 9934.86 Mn. In 2018, in terms of volume, the global sales were 15.80 Mn Units and the market is expanding at a CAGR of 5.7%.
  • Based on technology, the market is classified into digital and analog. Digital technology dominates the market owing to the rapid adoption of digital technologies across the globe.
  • Analog devices which are programmable and include a microchip allowing different program setting are preferred over digital devices
  • North America region dominated the global audiological devices market in terms of market revenue. This can be associated with the rapidly increasing geriatric population in the US around 35 million American’s suffers from hearing loss.
List of Companies Covered:
  • William Demant Holdings A/S
  • Starkey Hearing Technologies
  • Widex A/S
  • GN ReSound Group
  • Sonova Holdings AG
  • Amplifon SpA
  • Cochlear Limited
  • GN Store Nord
  • Siemens Healthcare
  • MedRx
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amplifon SpA
  • Cochlear Limited
  • GN ReSound Group
  • GN Store Nord
  • MedRx
  • Siemens Healthcare
  • MORE
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Product
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. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Audiological Devices (AD) Market
2.2. Global AD Market, by Product, 2018 (US$ Mn)
2.3. Global AD Market, by Technology, 2018 (US$ Mn)
2.4. Global AD Market, by Sales Channel, 2018 (US$ Mn)
2.5. Global AD Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global AD Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Audiological Devices (AD) Market, by Product , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Hearing Aid
4.3. Hearing Implants
4.4. Diagnostic Instruments
4.5. Bone Anchored Hearing Aid (BAHA)

5. Global Audiological Devices (AD) Market, by Technology, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Digital
5.3. Analog

6. Global Audiological Devices (AD) Market, by Sales Channel, 2017-2027 (US$ Mn)
6.1. Overview
6.2. Retail
6.3. E-commerce
6.4. Others (Private & Public Initiatives, National Health Programs)

7. North America Audiological Devices (AD) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America AD Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America AD Market Value, By Product, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America AD Market Value, By Technology, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America AD Market Value, By Sales Channel, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America AD Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Audiological Devices (AD) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe AD Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe AD Market Value, By Product, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Europe AD Market Value, By Technology, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe AD Market Value, By Sales Channel, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe AD Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Audiological Devices (AD) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific AD Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific AD Market Value, By Product, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific AD Market Value, By Technology, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific AD Market Value, By Sales Channel, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific AD Market Value, By Region/Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Audiological Devices (AD) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World AD Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World AD Market Value, By Product, 2017-2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World AD Market Value, By Technology, 2017-2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of the World AD Market Value, By Sales Channel, 2017-2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World AD Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. William Demant Holdings A/S
11.2. Starkey Hearing Technologies
11.3. Widex A/S
11.4. GN ReSound Group
11.5. Sonova Holdings AG
11.6. Amplifon SpA
11.7. Cochlear Limited
11.8. GN Store Nord
11.9. Siemens Healthcare
11.10. MedRx
* AD - Audiological Devices

List of Figures
FIG. 1 Global Audiological Devices (AD) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global AD Market Segmentation
FIG. 4 Global AD Market, by Product, 2018 (US$ Mn)
FIG. 5 Global AD Market, by Technology, 2018 (US$ Mn)
FIG. 6 Global AD Market, by Sales Channel, 2018 (US$ Mn)
FIG. 7 Global AD Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key AD Market Vendors, 2018
FIG. 10 Global AD Market, by Product, 2017–2027 (US$ Mn)
FIG. 11 Global AD Market, by Hearing Aid, Value, 2017–2027 (US$ Mn)
FIG. 12 Global AD Market, by Hearing Implants, Value, 2017–2027 (US$ Mn)
FIG. 13 Global AD Market, by Diagnostic Instruments, Value, 2017–2027 (US$ Mn)
FIG. 14 Global AD Market, by Bone Anchored Hearing Aid (BAHA), Value, 2017–2027 (US$ Mn)
FIG. 15 Global AD Market, by Technology, 2017–2027 (US$ Mn)
FIG. 16 Global AD Market, by Digital, Value, 2017–2027 (US$ Mn)
FIG. 17 Global AD Market, by Analog, Value, 2017–2027 (US$ Mn)
FIG. 18 Global AD Market, by Sales Channel, 2017–2027 (US$ Mn)
FIG. 19 Global AD Market, by Retail, Value, 2017–2027 (US$ Mn)
FIG. 20 Global AD Market, by E-commerce, Value, 2017–2027 (US$ Mn)
FIG. 21 Global AD Market, by Others, Value, 2017–2027 (US$ Mn)
FIG. 22 U.S. AD Market, 2017–2027 (US$ Mn)
FIG. 23 Rest of North America AD Market, 2017–2027 (US$ Mn)
FIG. 24 U.K. AD Market, 2017–2027 (US$ Mn)
FIG. 25 Germany AD Market, 2017–2027 (US$ Mn)
FIG. 26 France AD Market, 2017–2027 (US$ Mn)
FIG. 27 Italy AD Market, 2017–2027 (US$ Mn)
FIG. 28 Rest of Europe AD Market, 2017–2027 (US$ Mn)
FIG. 29 Japan AD Market, 2017–2027 (US$ Mn)
FIG. 30 China AD Market, 2017–2027 (US$ Mn)
FIG. 31 India AD Market, 2017–2027 (US$ Mn)
FIG. 32 Rest of Asia Pacific AD Market, 2017–2027 (US$ Mn)
FIG. 33 Middle East & Africa AD Market, 2017–2027 (US$ Mn)
FIG. 34 Latin America AD Market, 2017–2027 (US$ Mn)

List of Tables
TABLE 1 Market Snapshot: Global Audiological Devices (AD) Market
TABLE 2 Global AD Market, by Product, 2017–2027 (US$ Mn)
TABLE 3 Global AD Market, by Technology, 2017–2027 (US$ Mn)
TABLE 4 Global AD Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 5 Global AD Market, by Geography, 2017–2027 (US$ Mn)
TABLE 6 North America AD Market, by Product, 2017–2027 (US$ Mn)
TABLE 7 North America AD Market, by Technology, 2017–2027 (US$ Mn)
TABLE 8 North America AD Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 9 North America AD Market, by Country, 2017–2027 (US$ Mn)
TABLE 10 Europe AD Market, by Product, 2017–2027 (US$ Mn)
TABLE 11 Europe AD Market, by Technology, 2017–2027 (US$ Mn)
TABLE 12 Europe AD Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 13 Europe AD Market, by Country, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific AD Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific AD Market, by Product, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific AD Market, by Technology, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific AD Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 18 Asia Pacific AD Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 19 RoW AD Market, by Product, 2017–2027 (US$ Mn)
TABLE 20 RoW AD Market, by Technology, 2017–2027 (US$ Mn)
TABLE 21 RoW AD Market, by Sales Channel, 2017–2027 (US$ Mn)
TABLE 22 RoW AD Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 23 William Demant Holdings A/S.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 24 Starkey Hearing Technologies: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 25 Widex A/S.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 26 GN ReSound Group.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 27 Sonova Holdings AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 28 Amplifon SpA.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 29 Cochlear Limited.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 30 GN Store Nord.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 31 Siemens Healthcare.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 32 MedRx.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
Note: Product cover images may vary from those shown
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  • William Demant Holdings A/S
  • Starkey Hearing Technologies
  • Widex A/S
  • GN ReSound Group
  • Sonova Holdings AG
  • Amplifon SpA
  • Cochlear Limited
  • GN Store Nord
  • Siemens Healthcare
  • MedRx
Note: Product cover images may vary from those shown
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