Audiology Devices Market outlook 2025 | 4 trends influencing global industry growth
A growing number of people with disabling hearing loss will primarily augment the demand for audiology devices market in the forthcoming years. As per an estimation by the WHO, there are 466 million people across the globe who are suffering from disabling hearing loss, and nearly one-third of people aged 65 years or over are affected by the illness.
Audiology devices are used to improve the hearing ability of a person with hearing loss. The implantation of hearing aids not only used to increase the intensity of sound, but it also helps people with hearing disabilities in maintaining their daily activities properly.
Global audiology devices market size will surpass US$11 billion by 2025, as per an analysis report issued by the Global Market Insights, Inc. Following are some trending factors propelling demand for audiology devices.
Robust demand from geriatric population base
A substantial rise in the geriatric population base will complement the audiology devices market landscape. Owing to age-related issues, elderly people usually get affected by the high-frequency hearing loss which creates difficulties in understanding. As hearing loss gets severe, it impacts the day to day activities and functioning of the geriatric population.
Hearing aids greatly help in enhancing the hearing ability of elderly people in the age group of 60 years and above who are affected by hearing loss. The growing incidence of hearing disabilities from this age group will boost the demand for the product.
High preference for advanced audiology devices
The incorporation of advanced technology and innovations in audiology devices would augment their demand in the coming years. Technologically advanced hearing aids help in reducing hearing irritations caused by various disorders such as tinnitus. These devices utilize radio waves as frequency modulated signals to transmit sound efficiently.
Recently introduced listening devices are easy to use and help people suffering from hearing loss in improving cognitive learning. On the other hand, sustained aesthetic concerns related to wearing these audiology devices may restrict their adoption to some extent.
To access sample pages of this report titled, “Audiology Devices Market Size By Product (Hearing Aids [In-the-Ear Hearing Aids, Receiver-in-the-Ear (RITE), Behind-the-Ear (BTE), Canal Hearing Aids ITC, CIS and IIC], Cochlear Implants, BAHA/BAHS, Diagnostic Devices [Tympanometers, Otoscopes, Audiometer), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents, please click on the link below:
Diagnostic device applications in surgical procedures
The audiology devices market share from diagnostic devices segment will grow at around 3% CAGR in the next few years. The technologically advanced devices used in diagnosing hearing loss provide qualitative data related to hearing impairment and quantitative analysis of hearing loss intensity.
These devices also render high-quality images that further help surgeons during surgical procedures. Growing applications of diagnostic devices in treating permanent or partial disability of hearing loss would strengthen the audiology diagnostic devices industry share.
Growing noise pollution level in APAC
Asia Pacific audiology devices market accounted for a revenue share of 20% in the global market share in 2018. Factors like increasing geriatric population base and high rate of hearing disability in the region will augment the demand for medical devices. Robust government initiatives in India and China to create awareness regarding the importance of early diagnosis of hearing loss will further propel the adoption ratio of hearing diagnostic devices.
Also, a high level of noise pollution due to rapid industrialization and the rising number of vehicles in APAC will result in an increased percentage of hearing disability, which will further complement the regional industry landscape.
Prominent companies offering audiology devices worldwide include William Demant, GN Store Nord, Cochlear, MedRX, MED-EL, Nurotron Biotechnology, Medtronic, WIDEX, Sivantos, Starkey Hearing Technologies, Sonova, Benson Medical Instruments, and AMBCO, among others. These firms are emphasizing on strategies including acquisitions, mergers, and new product development to strengthen their global market position.
For example, Medtronic PLC in March 2015 acquired Sophono, which is involved in developing and manufacturing innovative magnetic implants. Such strategic venture will aid Medtronic to expand its product portfolio.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.