October 7, 2024

Audiology Devices Market Size to Rake USD 18.71 Bn by 2033

The global audiology devices market size accounted for US$ 10.40 billion in 2023 and is projected to reach around USD 18.71 billion by 2033, growing at a CAGR of 6.04% from 2024 to 2033.

Key Points

  • North America dominated the audiology devices market with a revenue share of 40% in 2023.
  • By product, the hearing aids segment dominated the market with the largest share in 2023.
  • By technology, the digital segment dominated the market with a revenue share of 93% in 2023.
  • By sales channel, the retail sales segment has accounted revenue share of around 74.5% in 2023.
  • By age group channel, the adult segment dominated the market with the largest share of 66.5% in 2023.

Audiology Devices Market Size 2024 to 2033

Report Summary

The global audiology devices market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the audiology devices market across the globe.

A comprehensive estimate on the audiology devices market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of audiology devices during the forecast period. Price point comparison by region with global average price is also considered in the study.

Download Access to a Free Copy of Our Latest Sample Report@ https://www.precedenceresearch.com/sample/3909

Audiology Devices Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 6.04%
Global Market Size in 2023 USD 10.40 Billion
Global Market Size by 2033 USD 18.71 Billion
U.S. Market Size in 2023 USD 3.12 Billion
U.S. Market Size by 2033 USD 5.61 Billion
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Product, By Technology, By Sales Channel, and By Age Group Channel
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized audiology devices market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Urinary Catheters Market Size to Grow USD 10.15 Bn by 2033

Market Players

The report includes the profiles of key audiology devices market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In October 2022, the debut of Sony Electronics’ first over the counter (OTC) hearing aids for the US market was announced. Sony is redefining the market for hearing aids with an emphasis on customization, accessibility, and innovation.

Audiology Devices Market Players

  • Demant A/S
  • GN Store Nord A/S
  • Sonova
  • Starkey Laboratories, Inc.
  • MAICO Diagnostics GmbH
  • Oticon Medical
  • INVENTIS srl
  • MED-EL Medical Electronics
  • Cochlear Ltd.
  • WS Audiology A/S

Segments Covered in the Report

By Product

  • Hearing Aids
  • Cochlear Implants
  • BAHA/BAHS
  • Diagnostic Devices

By Technology

  • Digital
  • Analog

By Sales Channel

  • Retail Sales
  • E-commerce
  • Government Purchases

By Age Group Channel

  • Adults
  • Pediatrics

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Audiology Devices Market 

5.1. COVID-19 Landscape: Audiology Devices Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Audiology Devices Market, By Product

8.1. Audiology Devices Market Revenue and Volume Forecast, by Product, 2024-2033

8.1.1. Hearing Aids

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Cochlear Implants

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. BAHA/BAHS

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

8.1.4. Diagnostic Devices

8.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Audiology Devices Market, By Technology

9.1. Audiology Devices Market Revenue and Volume Forecast, by Technology, 2024-2033

9.1.1. Digital

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Analog

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Audiology Devices Market, By Sales Channel 

10.1. Audiology Devices Market Revenue and Volume Forecast, by Sales Channel, 2024-2033

10.1.1. Retail Sales

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. E-commerce

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

10.1.3. Government Purchases

10.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Audiology Devices Market, By Age Group Channel 

11.1. Audiology Devices Market Revenue and Volume Forecast, by Age Group Channel, 2024-2033

11.1.1. Adults

11.1.1.1. Market Revenue and Volume Forecast (2021-2033)

11.1.2. Pediatrics

11.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 12. Global Audiology Devices Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.1.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.1.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.5.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.1.5.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.1.5.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.1.6.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.1.6.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.1.6.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.2.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.2.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.5.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.2.5.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.2.5.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.6.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.2.6.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.2.6.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.7.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.2.7.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.2.7.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.2.8.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.2.8.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.2.8.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.3.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.3.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.5.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.3.5.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.3.5.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.6.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.3.6.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.3.6.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.7.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.3.7.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.3.7.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.3.8.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.3.8.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.3.8.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.4.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.4.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.5.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.4.5.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.4.5.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.6.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.4.6.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.4.6.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.7.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.4.7.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.4.7.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.4.8.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.4.8.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.4.8.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.5.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.5.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.5.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.5.5.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.5.5.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Product (2021-2033)

12.5.6.2. Market Revenue and Volume Forecast, by Technology (2021-2033)

12.5.6.3. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

12.5.6.4. Market Revenue and Volume Forecast, by Age Group Channel (2021-2033)

Chapter 13. Company Profiles

13.1. Demant A/S

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. GN Store Nord A/S

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Sonova

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Starkey Laboratories, Inc.

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. MAICO Diagnostics GmbH

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Oticon Medical

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. INVENTIS srl

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. MED-EL Medical Electronics

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Cochlear Ltd.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. WS Audiology A/S

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Emailsales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.pharma-geek.com


Prathamesh

Leave a Reply

Your email address will not be published. Required fields are marked *