Audiological Devices Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026

Published on : Jan-2020 | List of Tables : 36 | List of Figures : 87 | No. of Pages : 170 | Report Code : FACT4444MR | Format :

Customizable Options Making Audiological Devices More Appealing, Inadvertently Fuelling Market Growth

Taking a cue from the growing need for hearing aids, players in the audiological devices market are leveraging the prowess of technology to develop feature-rich hearing aids. Such developments remain central to the growing adoption of audiological devices, on account of their cosmetic appeal. In future, the trend of custom development of hearing aids to match an individual’s skin tone and ear size would gain momentum.

As per a study published by the World Health Organisation (WHO), in 2019, the prevalence of hearing disability was around 6.12% across the globe. Besides aging, the Hearing Loss Association of America (HLAA) found that, exposure to loud noise is also a causative factor of hearing loss.

A study published by Fact.MR recalibrates the influence of dynamics to track the movement of the audiological devices market during the forecast period (2020-2026). According to the study, the audiological devices market is projected to expand 1.3X during 2020-2026.

growth analysis of audiological devices market by product

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Ambulatory Surgical Centres (ASCs) to Induce High Deployment Rate of Audiological Devices

There has been a massive rise in the number of ambulatory surgical centres, especially in developed regions such as North America and Europe, on account of measured actions taken by governments to offer easy accessibility and same-day surgical care, including diagnostics and treatment. According to the Definitive Healthcare Platform, currently, there are over 9,280 active ASCs in the U.S. alone. As individuals seek quality care in a stipulated timeframe, ambulatory surgical centres are likely to perform better on the parameter of time-efficiency, as compared to clinics and hospitals.

The study finds that, ambulatory surgical centres are set to emerge as a crucial end user in the audiological devices market, with an estimated CAGR of 5.5% during the forecast period. However, clinics would continue to contribute the highest value to the audiological devices market, as these centres boast a stronghold in key regions, while ASCs are a relatively new addition to the healthcare centre cohort.

key regions in audiological devices market

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Asia Pacific Audiological Devices Market to Witness Strong Growth

The audiological devices market in Asia Pacific is accelerating at a CAGR of 6.5%, on account of balanced supply-demand ratio. On the demand side, large pool of geriatric population in Japan turns the country into an attractive market. Also, as per HEARnet, one in every six people in Australia suffers from hearing disability, which further strengthens the demand for audiological devices in the country.

Improvements in the healthcare infrastructure of China, on the back of initiatives taken by the government, is encouraging market players to work towards product innovation to offer effective hearing aids and diagnostic devices. In addition, players in the audiological devices market are also undertaking initiatives to expand their presence in China. For instance, Sonova inaugurated an international training institute in Jiangsu province in China, to offer theoretical and practical training to hearing care staff.

Sensing the lucrative potential of Asia Pacific, leading players are making a shift towards the region, and relaxed FDI policies are further increasing foreign investments in this region. This is leading to the introduction of technologically-advanced products and creating expansion opportunities for the audiological devices market.

Audiological Devices Market – Scope of the Study

The study on the audiological devices market is an exclusive report published by Fact.MR, which brings to the fore crucial parameters that are driving the growth of the market. This exclusive study provides incisive insights regarding recent developments in the audiological devices market, by analysing the historical data for the period of 2016-2019, with the duration of 2020-2026 considered as the forecast period.

Evaluation of the audiological devices market’s revenue has been carried out in terms of value (US$ Mn). This research provides information into the key trends that are potential enough to influence the growth of the audiological devices market. Besides this, the study also includes several macroeconomic and microeconomic growth indicators complementing the growth of the audiological devices market during the forecast period. This detailed study provides information into key dynamics, and their influence on the audiological devices market during the forecast period.

The report also provides information about the key challenges and threats that could deter the growth potential of players in the audiological devices market. The study unveils profitable opportunities for manufacturers, which they can adopt to strengthen their position in the global audiological devices market. With a view of aiding stakeholders in the audiological devices market, the study comprises a detailed section on the competition analysis.

This exclusive study offers a dashboard view of the audiological devices market, with detailed information about market players, based on overall revenue, key developments, and their market presence. Additionally, key strategies of players in the audiological devices market have also been included in this comprehensive study.

Audiological Devices Market – Assessment of Key Segments

Authors of this comprehensive study have classified the audiological devices market into key segments for an in-depth study. Categorisation of the audiological devices market is based on product, disease, end user, and region. This detailed study also offers information about the incremental opportunity present in the audiological devices market during the forecast period. Key segments considered while studying the audiological devices market include:

Product

Disease

End User

Region

  • Hearing Aids
    • In-the-ear Hearing Aids (ITE)
    • Receiver-in-the-ear Hearing Aids (RITE)
    • Behind-the-ear Hearing Aids (BTE)
    • Canal Hearing Aids (CHA)
  • Otosclerosis
  • Hospitals
  • North America
  • Cochlear Implants
  • Meniere’s Disease
  • Ambulatory Surgical Centres
  • Europe
  • Bone-anchored Hearing Aids
  • Acoustic Tumours
  • Clinics
  • Asia Pacific
  • Diagnostic Devices
    • Audiometers
    • Otoscopes
    • Tympanometers
  • Otitis Media

 

  • Latin America

 

  • Others

 

  • Middle East & Africa

Revenue of the audiological devices market has been evaluated in terms of US$ Mn for the period of 2020 to 2026. In addition to this, compound annual growth rate has been calculated for all key segments for the forecast period of 2020-2026, considering 2019 as the base year.

Authors of this exclusive study on the audiological devices market have analysed key players, based on their financials, products, and strategies, in order to provide detailed information of the competitive landscape. Key players operating in the audiological devices market include Nuroton Biotechnology Co. Ltd., William Demant Holding A/S, AUDITDATA, GN Store Nord A/S, Audina Hearing Instruments, Inc., Sonova, Starkey, WIDEX A/S, Medtronic, and Sivantos Pte. Ltd.

Audiological Devices Market – Research Methodology

The primary objective of this exclusive study on the audiological devices market is to offer precise estimates and forecasts of the market in terms of value (US$ Mn) for the period of 2020-2026. The secondary objective includes analysis of key market segments exhibiting significant growth rates, leading strategies adopted by players in the audiological devices market, and recalibrate the adoption rate of audiological devices in key regions across the world. Besides this, a top-down and bottom-up approach is taken by analysts of the report to validate the data that has been found out through the primary and secondary research methodologies.

Request research methodology of this report.

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Global Audiological Devices Market 

4. Market Overview

    4.1. Introduction

        4.1.1. Product Definition

        4.1.2. Industry Evolution / Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

5. Market Outlook

    5.1. Key Mergers & Acquisitions 

    5.2. Technological Advancements

    5.3. Regulatory Scenario of Audiological Devices

6. Global Audiological Devices Market  Analysis and Forecast, by Product 

    6.1. Introduction & Definition

    6.2. Key Findings / Developments

    6.3. Global Audiological Devices Market Value Forecast, by Product, 2020–2026

        6.3.1. Hearing Aids

            6.3.1.1. In-the-ear Hearing Aids (ITE)

            6.3.1.2. Receiver-in-the-ear hearing Aids (RITE)

            6.3.1.3. Behind-the-ear Hearing Aids (BTE)

            6.3.1.4. Canal hearing aids (CHA)

        6.3.2. Cochlear Implants

        6.3.3. Bone-anchored Hearing Aids

        6.3.4. Diagnostic Devices

            6.3.4.1. Audiometers

            6.3.4.2. Octoscopes

            6.3.4.3. Tympanometers

    6.4. Global Audiological Devices Market Attractiveness, by Product 

7. Global Audiological Devices Market  Analysis and Forecast, by Disease 

    7.1. Introduction & Definition

    7.2. Key Findings / Developments

    7.3. Global Audiological Devices Market Value Forecast, by Disease, 2020–2026

        7.3.1. Otosclerosis

        7.3.2. Meniere's Disease

        7.3.3. Acoustic Tumors

        7.3.4. Otitis Media

        7.3.5. Others

    7.4. Global Audiological Devices Market Attractiveness, by Disease 

8. Global Audiological Devices Market  Analysis and Forecast, by End-user 

    8.1. Introduction & Definition

    8.2. Key Findings / Developments

    8.3. Global Audiological Devices Market Value Forecast, by End-user, 2020–2026

        8.3.1. Hospitals

        8.3.2. Ambulatory Surgical Centers 

        8.3.3. Clinics

    8.4. Global Audiological Devices Market Attractiveness, by End-user 

9. Global Audiological Devices Market  Analysis and Forecast, by Region

    9.1. Key Findings

    9.2. Global Audiological Devices Market Value Forecast, by Region

        9.2.1. North America 

        9.2.2. Europe 

        9.2.3. Asia Pacific 

        9.2.4. Latin America 

        9.2.5. Middle East & Africa 

    9.3. Global Audiological Devices Market Attractiveness, by Country/Region

10. North America Audiological Devices Market  Analysis and Forecast

    10.1. Introduction

        10.1.1. Key Findings

    10.2. North America Audiological Devices Market Value Forecast, by Product, 2020–2026

        10.2.1. Hearing Aids

            10.2.1.1. In-the-ear Hearing Aids (ITE)

            10.2.1.2. Receiver-in-the-ear hearing Aids (RITE)

            10.2.1.3. Behind-the-ear Hearing Aids (BTE)

            10.2.1.4. Canal hearing aids (CHA)

        10.2.2. Cochlear Implants

        10.2.3. Bone-anchored Hearing Aids

        10.2.4. Diagnostic Devices

            10.2.4.1. Audiometers

            10.2.4.2. Octoscopes

            10.2.4.3. Tympanometers

    10.3. North America Audiological Devices Market Value Forecast, by Disease, 2020–2026

        10.3.1. Otosclerosis

        10.3.2. Meniere's Disease

        10.3.3. Acoustic Tumors

        10.3.4. Otitis Media

        10.3.5. Others

    10.4. North America Audiological Devices Market Value Forecast, by End-user, 2020–2026

        10.4.1. Hospitals

        10.4.2. Ambulatory Surgical Centers 

        10.4.3. Clinics

    10.5. North America Audiological Devices Market Value Forecast, by Country, 2020–2026

        10.5.1. U.S.

        10.5.2. Canada

    10.6. North America Audiological Devices Market Attractiveness Analysis 

        10.6.1. By Product 

        10.6.2. By Disease 

        10.6.3. By End-user 

        10.6.4. By Country

11. Europe Audiological Devices Market  Analysis and Forecast

    11.1. Introduction

        11.1.1. Key Findings

    11.2. Europe Audiological Devices Market Value Forecast, by Product, 2020–2026

        11.2.1. Hearing Aids

            11.2.1.1. In-the-ear Hearing Aids (ITE)

            11.2.1.2. Receiver-in-the-ear hearing Aids (RITE)

            11.2.1.3. Behind-the-ear Hearing Aids (BTE)

            11.2.1.4. Canal hearing aids (CHA)

        11.2.2. Cochlear Implants

        11.2.3. Bone-anchored Hearing Aids

        11.2.4. Diagnostic Devices

            11.2.4.1. Audiometers

            11.2.4.2. Octoscopes

            11.2.4.3. Tympanometers

    11.3. Europe Audiological Devices Market Value Forecast, by Disease, 2020–2026

        11.3.1. Otosclerosis

        11.3.2. Meniere's Disease

        11.3.3. Acoustic Tumors

        11.3.4. Otitis Media

        11.3.5. Others

    11.4. Europe Audiological Devices Market Value Forecast, by End-user, 2020–2026

        11.4.1. Hospitals

        11.4.2. Ambulatory Surgical Centers 

        11.4.3. Clinics

    11.5. Europe Audiological Devices Market Value Forecast, by Country/Sub-region, 2020–2026

        11.5.1. Germany

        11.5.2. U.K.

        11.5.3. France

        11.5.4. Spain

        11.5.5. Italy

        11.5.6. Russia

        11.5.7. Rest of Europe

    11.6. Europe Audiological Devices Market Attractiveness Analysis 

        11.6.1. By Product 

        11.6.2. By Disease 

        11.6.3. By End-user 

        11.6.4. By Country/Sub-region

12. Asia Pacific Audiological Devices Market  Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. Europe Audiological Devices Market Value Forecast, by Product, 2020–2026

        12.2.1. Hearing Aids

            12.2.1.1. In-the-ear Hearing Aids (ITE)

            12.2.1.2. Receiver-in-the-ear hearing Aids (RITE)

            12.2.1.3. Behind-the-ear Hearing Aids (BTE)

            12.2.1.4. Canal hearing aids (CHA)

        12.2.2. Cochlear Implants

        12.2.3. Bone-anchored Hearing Aids

        12.2.4. Diagnostic Devices

            12.2.4.1. Audiometers

            12.2.4.2. Octoscopes

            12.2.4.3. Tympanometers

    12.3. Europe Audiological Devices Market Value Forecast, by Disease, 2020–2026

        12.3.1. Otosclerosis

        12.3.2. Meniere's Disease

        12.3.3. Acoustic Tumors

        12.3.4. Otitis Media

        12.3.5. Others

    12.4. Europe Audiological Devices Market Value Forecast, by End-user, 2020–2026

        12.4.1. Hospitals

        12.4.2. Ambulatory Surgical Centers 

        12.4.3. Clinics

    12.5. Europe Audiological Devices Market Value Forecast, by Country/Sub-region, 2020–2026

        12.5.1. China

        12.5.2. Japan

        12.5.3. India

        12.5.4. Australia & New Zealand

        12.5.5. Rest of Asia Pacific

    12.6. Europe Audiological Devices Market Attractiveness Analysis 

        12.6.1. By Product 

        12.6.2. By Disease 

        12.6.3. By End-user 

        12.6.4. By Country/Sub-region

13. Latin America Audiological Devices Market  Analysis and Forecast

    13.1. Introduction

        13.1.1. Key Findings

    13.2. Latin America Audiological Devices Market Value Forecast, by Product, 2020–2026

        13.2.1. Hearing Aids

            13.2.1.1. In-the-ear Hearing Aids (ITE)

            13.2.1.2. Receiver-in-the-ear hearing Aids (RITE)

            13.2.1.3. Behind-the-ear Hearing Aids (BTE)

            13.2.1.4. Canal hearing aids (CHA)

        13.2.2. Cochlear Implants

        13.2.3. Bone-anchored Hearing Aids

        13.2.4. Diagnostic Devices

            13.2.4.1. Audiometers

            13.2.4.2. Octoscopes

            13.2.4.3. Tympanometers

    13.3. Market Value Forecast, by Disease, 2020–2026

        13.3.1. Otosclerosis

        13.3.2. Meniere's Disease

        13.3.3. Acoustic Tumors

        13.3.4. Otitis Media

        13.3.5. Others

    13.4. Latin America Audiological Devices Market Value Forecast, by End-user, 2020–2026

        13.4.1. Hospitals

        13.4.2. Ambulatory Surgical Centers 

        13.4.3. Clinics

    13.5. Latin America Audiological Devices Market Value Forecast, by Country, 2020–2026

        13.5.1. Brazil

        13.5.2. Mexico

        13.5.3. Rest of Latin America

    13.6. Latin America Audiological Devices Market Attractiveness Analysis 

        13.6.1. By Product 

        13.6.2. By Disease 

        13.6.3. By End-user 

        13.6.4. By Country/Sub-region

14. Middle East & Africa Audiological Devices Market  Analysis and Forecast

    14.1. Introduction

        14.1.1. Key Findings

    14.2. Middle East & Africa Audiological Devices Market Value Forecast, by Product, 2020–2026

        14.2.1. Hearing Aids

            14.2.1.1. In-the-ear Hearing Aids (ITE)

            14.2.1.2. Receiver-in-the-ear hearing Aids (RITE)

            14.2.1.3. Behind-the-ear Hearing Aids (BTE)

            14.2.1.4. Canal hearing aids (CHA)

        14.2.2. Cochlear Implants

        14.2.3. Bone-anchored Hearing Aids

        14.2.4. Diagnostic Devices

            14.2.4.1. Audiometers

            14.2.4.2. Octoscopes

            14.2.4.3. Tympanometers

    14.3. Middle East & Africa Audiological Devices Market Value Forecast, by Disease, 2020–2026

        14.3.1. Otosclerosis

        14.3.2. Meniere's Disease

        14.3.3. Acoustic Tumors

        14.3.4. Otitis Media

        14.3.5. Others

    14.4. Middle East & Africa Audiological Devices Market Value Forecast, by End-user, 2020–2026

        14.4.1. Hospitals

        14.4.2. Ambulatory Surgical Centers 

        14.4.3. Clinics

    14.5. Middle East & Africa Audiological Devices Market Value Forecast, by Country/Sub-region, 2020–2026

        14.5.1. GCC Countries

        14.5.2. South Africa

        14.5.3. Israel

        14.5.4. Rest of Middle East & Africa

    14.6. Middle East & Africa Audiological Devices Market Attractiveness Analysis 

        14.6.1. By Product 

        14.6.2. By Disease 

        14.6.3. By End-user 

        14.6.4. By Country/Sub-region

15. Competition Landscape

    15.1. Company Profiles

        15.1.1. William Demant Holding A/S

            15.1.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.1.2. Company Financials

            15.1.1.3. Growth Strategies

            15.1.1.4. SWOT Analysis

        15.1.2. GN Store Nord A/S

            15.1.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.2.2. Company Financials

            15.1.2.3. Growth Strategies

            15.1.2.4. SWOT Analysis

        15.1.3. Sonova

            15.1.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.3.2. Company Financials

            15.1.3.3. Growth Strategies

            15.1.3.4. SWOT Analysis

        15.1.4. WIDEX A/S

            15.1.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.4.2. Company Financials

            15.1.4.3. Growth Strategies

            15.1.4.4. SWOT Analysis

        15.1.5. Sivantos Pte. Ltd.

            15.1.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.5.2. Company Financials

            15.1.5.3. Growth Strategies

            15.1.5.4. SWOT Analysis

        15.1.6. Medtronic

            15.1.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.6.2. Company Financials

            15.1.6.3. Growth Strategies

            15.1.6.4. SWOT Analysis

        15.1.7. Starkey

            15.1.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.7.2. Company Financials

            15.1.7.3. Growth Strategies

    15.1.7.4. SWOT Analysis

        15.1.8. Audina Hearing Instruments, Inc.

            15.1.8.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.8.2. Company Financials

            15.1.8.3. Growth Strategies

            15.1.8.4. SWOT Analysis

        15.1.9. AUDITDATA

            15.1.9.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.9.2. Company Financials

            15.1.9.3. Growth Strategies

            15.1.9.4. SWOT Analysis

        15.1.10. Nurotron Biotechnology Co. Ltd. 

            15.1.10.1. Company Overview (HQ, Business Segments, Employee Strength)

            15.1.10.2. Company Financials

            15.1.10.3. Growth Strategies

            15.1.10.4. SWOT Analysis

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Audiological Devices Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026