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Audiology Devices Market, By Product (Cochlear Implants, Hearing Aids, BAHA and Diagnostic Devices) and by Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

180 Pages | Published Date : 20 / 02 / 19  | Report Code: AV221 | Report Format: PDF

REPORT HIGHLIGHT

The audiology devices market was valued at USD 7.35 billion by 2017, growing with a 4.8% CAGR during the forecast period, 2017-2025 

Market Dynamics

Audiology is a branch of science which deals with the study of hearing, balance and its disorders. Generally, problems like progressive hearing loss, impairments are perceived as old age health disorders. The scale of this problem is close to becoming a global epidemic with a steady rise in the number of elderly people.

It will be wrong to consider that the steady growth of the aging population is solely responsible for the surge of hearing problems. In contemporary times, there is a rise of such disorders among the younger generation too.  Collectively they are the chief facilitators that are providing impetus to the growth of this market.  Apart from the increasing cases of reported deafness that spurring the industry growth. Hearing devices that are trending in the market today have a cosmetic appeal. Hence, as time passes by the acceptance of these novel devices among the end users will contribute to the product demand. 

On the downside, premium pricing of these devices and implantation surgery will slow down the market’s progression. The audiology devices with their high cost like cochlear implants make a tough investment proposition although it is highly rewarding.

Product Takeaway

The audiology industry can be classified into four types such as cochlear implants, hearing aids, bone anchored aid, and diagnostic devices. Hearing aids had a humongous revenue share and it is unlikely to exhibit a variation. Thanks to its greater efficiency and smaller size contributing to its popularity. The market is anticipated to grow at a compounded annual rate of nearly XX% from 2017 to 2025.

Canal hearing aids have high demand among the end-users as they are small in size with attractive aesthetics. At times they can be difficult to maintain and handle which are probably the only deterrents to its demand.

Cochlear implants will exhibit growth at a robust CAGR between 2017- 2025. At present, their market penetration is slow when compared with other kinds of hearing aids. Increasing awareness on the ability of the cochlear implant to improve hearing will propel the segment growth during the study period.

Regional Takeaway

Europe dominates the global market and it is going to certain for the forecast period.  As per the European Federation of Audiology Societies, the prevalence of self-reported hearing related problems has increasing significantly. Therefore, the adoption rate of hearing aids among the patient population has increased from 33% to 337% in European countries, contributing the regional growth.

Asia Pacific has the fastest growing audiology market with CAGR of over XX%, particularly in China. Humongous patient pool, adequate government support coupled with modern healthcare infrastructure will propel the growth of the industry in the coming period. The demand for audiology devices in India is increasing too. On the flip side, the absence of awareness regarding new devices and high product cost is impeding the industry growth to some extent.

Key Vendor Analysis

In the global audiology devices industry, some of the stalwart key players are, Sonova Holding AG, William Demant Holding, GN ReSound Group, Starkey Technologies, Siemens Healthcare, Widex A/S, and others. Among these companies, Sonova Holding AG and William Demant Holding A/S have the highest share over 40%.

The leading exponents of this industry are prioritizing the development of state-of-the-art, innovative, and cutting edge technology with economical solutions. In this regard, one should take notice that GN Group, entered into the market with ReSound ENZO 3D and Beltone Boost Max. It is a bold step forward to enrich GN’s product offerings.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

  • Cochlear implants
    • In the Ear (ITE) Aids
    • Behind-the-Ear (BTE) Aids
    • Receiver-in-the-Ear (RITE) Aids
    • Canal Hearing Aids
  • Hearing aids
  • Bone-anchored hearing aid
  • Diagnostic devices
    • Audiometer
    • Tymphanometers
    • Otoscope

MARKET, BY REGION

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • The Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. AUDIOLOGY DEVICES MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. AUDIOLOGY DEVICES KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. AUDIOLOGY DEVICES INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. AUDIOLOGY DEVICES MARKET LANDSCAPE
5.1. Market Share Analysis
6. AUDIOLOGY DEVICES MARKET – BY PRODUCT
6.1. Overview
6.2. Cochlear implants
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.3. In the Ear (ITE) Aids
6.2.3.1. Overview
6.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.4. Behind-the-Ear (BTE) Aids
6.2.4.1. Overview
6.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.5. Receiver-in-the-Ear (RITE) Aids
6.2.5.1. Overview
6.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Canal Hearing Aids
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Hearing aids
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Bone-anchored hearing aid
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.6. Diagnostic devices
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.6.3. Audiometer
6.6.3.1. Overview
6.6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.6.4. Tymphanometers
6.6.4.1. Overview
6.6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.6.5. Otoscope
6.6.5.1. Overview
6.6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. AUDIOLOGY DEVICES MARKET– BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.3. U.S.
7.2.3.1. Overview
7.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.4. Canada
7.2.4.1. Overview
7.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Europe
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.3. France
7.3.3.1. Overview
7.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.4. Germany
7.3.4.1. Overview
7.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.5. Rest of Europe
7.3.5.1. Overview
7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Asia Pacific (APAC)
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.3. China
7.4.3.1. Overview
7.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.4. India
7.4.4.1. Overview
7.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.5. Rest of APAC
7.4.5.1. Overview
7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Rest of the World
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.3. Latin America
7.5.3.1. Overview
7.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.4. Middle East and Africa
7.5.4.1. Overview
7.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. KEY VENDOR ANALYSIS
8.1. Sonova Holding AG
8.1.1. Company Overview
8.1.2. SWOT Analysis
8.1.3. Key Developments
8.2. William Demant Holding
8.2.1. Company Overview
8.2.2. SWOT Analysis
8.2.3. Key Developments
8.3. GN ReSound Group
8.3.1. Company Overview
8.3.2. SWOT Analysis
8.3.3. Key Developments
8.4. Starkey Technologies
8.4.1. Company Overview
8.4.2. SWOT Analysis
8.4.3. Key Developments
8.5. Siemens Healthcare
8.5.1. Company Overview
8.5.2. SWOT Analysis
8.5.3. Key Developments
8.6. Widex A/S
8.6.1. Company Overview
8.6.2. SWOT Analysis
8.6.3. Key Developments
*Client can request additional company profiling as per specific requirements
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. Abbreviations
10.3. Disclaimer
10.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Audiology Devices Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Audiology Devices Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Audiology Devices Market, by Geography, 2014 – 2025 (USD Billion)
Table 12 North America Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 13 U.S. Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 14 Canada Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 15 Europe Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 16 France Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 17 Germany Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 18 Asia Pacific Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 19 China Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 20 India Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 21 Latin America Audiology Devices Market, 2014 – 2025 (USD Billion)
Table 22 MEA Audiology Devices Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methoadology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Audiology Devices Market, by Product, 2014 – 2025 (USD Billion)
Figure 6 Audiology Devices Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
– The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
– Thorough analysis of relevant statistical data to estimate the market paradigms
– Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
– Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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