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15-Jul-2019

Audiology Devices Market Size Poised to Touch USD 14.8 Bn by 2026

The Global Audiology Devices Market Size to touch valuation around USD 14.8 billion by 2026, this market is anticipated to grow with 6.0% CAGR during the forecast time period 2019 to 2026.

Audiology devices are electronic instruments for the diagnosis and therapy of hearing impairment and/or hearing loss by audiologists. They are also used for auditory surveillance or study. Often ancient age is affected by hearing impairment or frequent hearing loss and is worldwide increasing. The large prevalence of hearing difficulties is precipitated by the increasing population and the increasing incidence of disability and hearing loss among younger generations. Moreover, this market is driven by the cosmetic attraction of hearing aids and a high incidence of survival. Furthermore, technological advances, cost-effective and effective devices (such as wireless phones) and wide adoption of new appliances by the geriatric population are also anticipated to boost the development of the industry.

The costly alternatives used in operations and social stigma linked to the appearance of audiology instruments are significant limitations for this industry, on the other side. Nevertheless, untapped opportunities for players to gain momentum on the worldwide market of audio systems in emerging countries such as Brazil, China and India, increased awareness and public initiatives to provide better health care facilities.

In 2018, the general industry dominated North America with respect to income shares. The development of the US industry can be ascribed to advances in audiology technologies, the growth of audiologists and the introduction by present suppliers of innovative digital platforms. The introduction of patient-centric audiology systems, which simplify the handling of the products, further leads to patient adherence and market development.

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Over the forecast period, the Asia-Pacific region will grow at the largest CAGR. Market development can be ascribed to the growing Geriatric population and hearing issues associated with age, the constant improvement of health facilities, increased healthcare costs and increased consumer awareness.

In the foreseeable future, Germany's market should witness strong development. The high incidence of hearing impaired individuals will stimulate demand for audiology equipment. It is still the profitable market for company development with 20 percent of German auditory loss population using hearing aids. Growing awareness-raising initiatives for prospective auditory aid users, advanced facilities and the accessibility of qualified staff will foster development in the sector.

The growing pool of patients with hearing impairments and positive public initiatives is boosting the demand for audiology instruments in India. However, the sector development will be hindered by high price for audiology instruments, lack of consciousness and poor access to health facilities.

In a strong CAGR over timeframe, China's market for audiology instruments is anticipated to expand due to a big patient pool. The sector will be driven over the forecast period by increasing public assistance and developing healthcare infrastructure. Low knowledge of sophisticated audiology systems will, however, in some respects impede sector development.

As the amount of hearing loss cases increases and a burning out in studies and growth in advanced and developed countries, the adoption of audiological devices increases. Development of fresh high effectiveness and inexpensive pricing goods and technological advances are other driving forces contributing to worldwide audiology market growth as well as development. During the forecast period it was expected that the incidence of deafness in the geriatric population would increase.

Key Players amp; Strategies

Main players in the market include are Sonova Holdings AG, GN ReSound Group, MedRx, and NHC / Amplifon, Starkey Hearing Technologies, William Demant Holdings A / S, Widex A / S, Phonak, Audioscan, others.

Mergers amp; acquisitions, the creation of new goods, joint-ventures and partnerships form the strategies of these market actors. In March 2019, for instance Sivantos Pte the company was merged into WS Audiology, which formed a varied range of audio assistance products including Signia, Widex and Rexton. Widex A. and Ltd. finished a company fusion.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope
1.1.1. Definition of Audiology Devices
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Audiology Devices Market By Product
1.2.2.1. Global Audiology Devices Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.2.2. Global Audiology Devices Market Revenue Share By Product in 2017
1.2.2.3. BAHA/BAHS
1.2.2.4. Cochlear Implants
1.2.2.5. Hearing Aids
1.2.2.6. Diagnostic Devices
1.2.3. Audiology Devices Market By Technology
1.2.3.1. Global Audiology Devices Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.3.2. Analog
1.2.3.3. Digital
1.2.4. Audiology Devices Market By Sales Channel
1.2.4.1. Global Audiology Devices Market Revenue and Growth Rate Comparison By Sales Channel (2015-2026)
1.2.4.2. Government Purchases
1.2.4.3. E-commerce
1.2.4.4. Retail Sales
1.2.5. Audiology Devices Market by Geography
1.2.5.1. Global Audiology Devices Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Audiology Devices Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Audiology Devices Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Audiology Devices Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Audiology Devices Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Audiology Devices Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porterrsquo;s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Audiology Devices Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Audiology Devices Major Manufacturers in 2017
3.3. Ramp;D Status and Technology Product of Global Audiology Devices Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Audiology Devices Major Manufacturers in 2017

CHAPTER 4. AUDIOLOGY DEVICES MARKET BY PRODUCT

4.1. Global Audiology Devices Revenue By Product
4.2. BAHA/BAHS
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Cochlear Implants
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Hearing Aids
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Diagnostic Devices
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. AUDIOLOGY DEVICES MARKET BY TECHNOLOGY

5.1. Global Audiology Devices Revenue By Technology
5.2. Analog
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Digital
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. AUDIOLOGY DEVICES MARKET BY SALES CHANNEL

6.1. Global Audiology Devices Revenue By Sales Channel
6.2. Government Purchases
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. E-commerce
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Retail Sales
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. NORTH AMERICA AUDIOLOGY DEVICES MARKET BY COUNTRY

7.1. North America Audiology Devices Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Audiology Devices Market Revenue Share Comparison, 2015 amp; 2026 (%)
7.3. U.S.
7.3.1. U.S. Audiology Devices Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
7.5. Mexico
7.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.5.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)

CHAPTER 8. EUROPE AUDIOLOGY DEVICES MARKET BY COUNTRY

8.1. Europe Audiology Devices Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Audiology Devices Market Revenue Share Comparison, 2015 amp; 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC AUDIOLOGY DEVICES MARKET BY COUNTRY

9.1. Asia-Pacific Audiology Devices Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Audiology Devices Market Revenue Share Comparison, 2015 amp; 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)

CHAPTER 10. LATIN AMERICA AUDIOLOGY DEVICES MARKET BY COUNTRY

10.1. Latin America Audiology Devices Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Audiology Devices Market Revenue Share Comparison, 2015 amp; 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
10.4. Argentina
10.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)

CHAPTER 11. MIDDLE EAST AUDIOLOGY DEVICES MARKET BY COUNTRY

11.1. Middle East Audiology Devices Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East Audiology Devices Market Revenue Share Comparison, 2015 amp; 2026 (%)
11.3. Saudi Arabia
11.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
11.4. UAE
11.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
11.5. Rest of Middle East
11.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)

CHAPTER 12. AFRICA AUDIOLOGY DEVICES MARKET BY COUNTRY

12.1. Africa Audiology Devices Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Africa Audiology Devices Market Revenue Share Comparison, 2015 amp; 2026 (%)
12.3. South Africa
12.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
12.4. Egypt
12.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)
12.5. Rest of Africa
12.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By Sales Channel, 2015 - 2026 ($Million)

CHAPTER 13. COMPANY PROFILE

13.1. Sonova Holdings AG
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. GN ReSound Group
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. MedRx, and NHC / Amplifon
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Starkey Hearing Technologies
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. William Demant Holdings A / S
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Widex A / S
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Phonak
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Audioscan
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Others
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies

CHAPTER 14. RESEARCH APPROACH

14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope

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Last Updated: 15-Jul-2019