Audiology Devices New Detailed Information: Market by Global Trends, Business Growth, and Forecasts 2026
Deafness is a result
of an impairment in the ear or damage to the nerves associated with
hearing. The causes for these defect include congenital defects,
injuries, diseases, side effects of medications, age-related factors,
and exposure to loud noise. Audiology
devices are assistive tools that help enhance hearing ability
of patients. These devices vary on the basis of size, shape,
features, and hearing conditions. These devices are aimed towards
diagnostic purposes as well as for the treatment of impairments
associated with hearing. Advancements in technology related to these
devices such as PC-based audiometers and hybrid audiometers can
easily be integrated with standard computers and operating systems,
resulting in improved diagnostic performance and treatment decisions.
This in turn, is expected to boost growth of the global audiology
devices market in the near future.
Rising incidence
of hearing impairments is expected to drive market growth
The audiology
devices market holds a vast commercial base, as all the age groups
varying from children to geriatric people can be affected by hearing
problems. According to National Institute on Deafness and Other
Communication Disorders (NIDCD), December 2016, around 2-3 in every
1,000 children in the U.S. suffered from an in-born detectable level
of hearing loss in either one or both ears. Moreover, according to
the reports of Hearing Loss Association of America (HLAA), 2017,
around 20% of the population in the U.S., accounting for 48 million
people are estimated to be suffering from some degree of hearing
issues and hearing loss. As per statistical analysis conducted by
World Health Organization (WHO), in 2016, hearing disorders affected
around 360 million people around the globe, out of which, 32 million
were children.
Market Taxonomy:
On the basis of
device type, the global audiology devices market is segmented into:
Cochlear
Implants
Diagnostic
Devices
Tympanometers
Octoscopes
Audiometers
Bone-anchored
Hearing Aids
Technological
Healing Aids
Digital
Hearing Aids
Analog
Hearing Aids
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)
Among devices, the
cochlear implants segment is expected to witness maximum traction
over the forecast period, as these implants serve to be an ideal
substitute for hearing. Cochlear implant provides around 80% better
understanding of a sentence, as compared conventional hearing aids
that provide an average of 10% understanding. These implants use a
technology that bypasses the impaired sensory hair cells, further
presenting a virtual sense of sound. However, high costs associated
with audiology devices, especially hearing implants are hampering
growth of the audiology devices market. This creates greater
opportunity for market players to develop cost-effective devices at
affordable prices with longer shelf life.
On the basis of
disease type, the global audiology devices market is segmented into:
Otitis Media
Ostosclerosis
Tinnitus
Ménière´s
Disease
Acoustic Tumors
Acoustic Trauma
On the basis of end
user, the global audiology devices market is segmented into:
Hospitals
Audiology
Clinics
Rehabilitation
Centers
Others
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North America to
dominate the global audiology devices market, owing to significant
investments in research and development of innovate models
North America is the
leading geographical region in the global audiology devices market,
owing to the presence of majority of key players as well as rampant
development in audiology technology in the region. Asia Pacific is
expected to witness maximum growth over the forecast period, owing to
incorporation of various initiatives in the healthcare sector by
regional government bodies and private organizations. For instance,
World Wide Healing, a non-profit organization, provides hearing
treatment to the poor in emerging economies of Asia. The organization
provides new digital hearing aids shipped from manufacturers in North
America and Europe. Furthermore, growing healthcare sector and
growing awareness regarding hearing assistance among the populace is
expected to favor growth of the audiology devices market in Asia
Pacific.
Key players
operating the global audiology devices market include Widex A/S,
Rayovac, Ambco, Benson Medical, Amplicomms, Tremetrix, Sonova
Holdings AG, Starkey Hearing Technologies, Sophono, MED-EL, Advanced
Bionics, AllHear, Cochlear Ltd., and Microson Hearing Aids. Regional
players are developing innovative products to establish a strong
foothold in the global market. For instance, Rayovac, a Europe based
company debuted its active core technology for the first time
offering longest durable high-quality battery in the hearing devices.
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