Audiology Devices Market Size exceeded USD 7.8 billion in 2018 and is anticipated to grow at a CAGR of over 5.7% from 2019 to 2025.
Hearing loss occurs due to several reasons such as complications at the time of birth, genetic mutations, chronic ear infections, excessive exposure to noise and ageing. Therefore, to overcome difficulties arising from hearing loss, people have started preferring audiology devices such as cochlear implants that significantly improve person’s hearing ability.
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.
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Market Definition
Audiology devices are electronic devices that audiologists use to diagnose and treat hearing loss and impairment. These devices can also be used to test or monitor hearing. The size, shape, features, and hearing conditions of these devices vary. The audiology devices are intended for both diagnostic and therapeutic purposes in the treatment of hearing impairments.
Global Audiology Devices Market: Top Key Players
William Demant
ExSilent
Microson
Frye Electronics
Nurotron Biotechnology
Starkey Hearing Technologies
Sonova
MED-EL
GN Hearing
Interacoustics
Cochlear
Benson Medical Instruments
Medtronic
Audina Hearing Instruments
Global Audiology Devices Market: By Types
Hearing Aids
Bone Anchored Hearing Aids
Cochlear Implants
Diagnostic Devices
Global Audiology Devices Market: By Applications
Hospitals
Audiology Clinics
Rehabilitation Centers
Others
Global Audiology Devices Market: By Countries
United States,Canada,Germany,UK,France,Italy,Spain,Russia,China,Japan, South Korea,Australia,Thailand,Brazil,Argentina,Chile,South Africa,Egypt, UAE,Saudi Arabia
Audiology devices are electronic devices used by audiologists for the diagnosis and treatment of hearing impairment or hearing loss. They are also used for monitoring or studying hearing. Hearing impairment or frequent hearing loss is often associated with old age and is a growing problem globally. The high prevalence of hearing problems is precipitated by the growing ageing population and the rising incidence of impairment and loss of hearing among younger generations; these factors are therefore the key drivers for this market.
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KEY BENEFITS
Extensive analyses of the factors that drive and limit the growth of the audiology devices market are provided.
Deep dive analysis of segments such as equipment products, technologies, applications and procedures provide insights that would enable companies to gain competitive edge.
In-depth analysis of various regions would give a clear understanding of the trends in various regions so that companies can make region specific plans.
The competitive landscape section lists the market shares held by the leaders in the industry along with the key strategies adopted by them to gain high monetary value.
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