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Audiology Devices Market - global growth, trends and forecast (2022 - 2027) by types, by application, by regions and by key players Medtronic, Sonova, Starkey Hearing Technologies, William Demant,

30 May, 2022 | 106 Pages
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The global Audiology Devices Market will register a 5.9% cagr in terms of revenue, the global market size will reach us$ 9.84 million by 2027.



Audiology devises Market Overview



The global Audiology Devices market is divided into two categories: product type and geographic location. The market is divided into bone-anchored hearing aids, cochlear implants, hearing aids, and diagnostic devices based on product type. Hearing aids are the most popular on the market because they are comfortable, easy to use, and have improved connectivity. Furthermore, due to technical improvements and rising consumer demand, cochlear implants are expected to grow at the fastest rate in the total market throughout the forecast period. Geographically, the market is divided into North America, Europe, Asia Pacific, and Latin America and the Caribbean (LAMEA). The majority of the market is dominated by European countries.



The Global Audiology Devices Market Share, Trends, Analysis, and Forecasts, 2022-2027 report covers important developments, business strategies, R&D activities, supply chain analysis, competitive landscape analysis, and market composition analysis.



Who are the major players in Audiology Devices Market?



Top key players in the Audiology Devices market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Audiology Devices market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Medtronic, Sonova, Starkey Hearing Technologies, William Demant, Audina Hearing Instruments, Benson Medical Instruments, Cochlear, ExSilent, Frye Electronics, GN Hearing, Interacoustics, Microson, MED-EL, Nurotron Biotechnology and other.



Industry News;



Sonova to increase presence in US market: Acquisition of leading audiological care network



January 13, 2022 – Sonova Holding AG, a leading provider of hearing care solutions, has signed an agreement to acquire Alpaca Audiology, one of the largest independent networks of audiological care clinics in the US. Founded in 2011, the company has over 500 employees and operates around 220 clinics across the country. The purchase price amounts to USD 310 million (CHF 285 million) on a cash and debt free basis and will be financed through the existing cash balance. The transaction is pending regulatory approval and expected to close before the end of financial year 2021/22.




What are the major applications, types and regions for Audiology Devices Market?



Market is segmented based on the type, applications, companies and regions.



By type, Audiology Devices Market has been segmented into 




  • Hearing Aids

  • Cochlear Implants

  • Diagnostic Devices

  • Bone Anchored Hearing Aids (BAHA)



The end user’s industry application on Audiology Devices Market is, 




  • Hospitals

  • Ambulatory Surgical Centers (ASCs)

  • Research Institutes



Audiology Devices Market regional analysis



In terms of revenue share, North America dominated the global market in 2018. The progress of audiology systems, an increase in the number of audiologists, and current providers' launch of innovative digital platforms are all factors contributing to the market's growth in the United States. Patient compliance is increased as a result of the introduction of patient-centric audiology systems that make product handling easier.



North america






    • Us

    • Canada



  • Europe

    • Germany

    • France

    • Uk

    • Italy

    • Spain

    • Rest of europe



  • Asia-pacific

    • China

    • Japan

    • India

    • Australia

    • South korea

    • Rest of asia-pacific



  • Rest of the world

    • Middle east & africa

    • Latin america





The Audiology Devices market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The global Audiology Devices market report also conducted a pestel analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Audiology Devices Market report scope?



























































Report attributes



Report details



Report title



Audiology Devices Market - global growth, trends and forecast (2022 - 2027) by types, by application, by regions and by key players Medtronic, Sonova, Starkey Hearing Technologies, William Demant,



Forecast period 2022 to 2028 cagr



Cagr of 5.9% over the forecast period (2022-2027)



By type




  • Hearing Aids

  • Cochlear Implants

  • Diagnostic Devices

  • Bone Anchored Hearing Aids (BAHA)



By application




  • Hospitals

  • Ambulatory Surgical Centers (ASCs)

  • Research Institutes



By companies



Medtronic, Sonova, Starkey Hearing Technologies, William Demant, Audina Hearing Instruments, Benson Medical Instruments, Cochlear, ExSilent, Frye Electronics, GN Hearing, Interacoustics, Microson, MED-EL, Nurotron Biotechnology



Regions covered




  • North america

  • Europe

  • Asia-pacific

  • Rest of the world



Countries covered




  • Us

  • Canada

  • Germany

  • France

  • Uk

  • Italy

  • Spain

  • Rest of europe

  • China

  • Japan

  • India

  • Australia

  • South korea

  • Rest of asia-pacific

  • Middle east & africa

  • Latin america



Base year



2022



Historical year



2017 to 2021



Forecast year



2022 to 2027



Number of pages



106



Customization available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key takeaways from this evaluate Audiology Devices market report




  • Evaluate Audiology Devices market potential through analyzing growth rates (cagr %), volume (units) and value ($m) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, swot and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Audiology Devices market entropy - m&a's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



Frequently asked questions



What is the study period of this Market?



The Audiology Devices market is studied from 2017 - 2027.



What is the growth rate of Audiology Devices Market?



The Audiology Devices market is growing at a cagr of 5.9% over the next 5 years.



Who are the key players in Audiology Devices Market?



Medtronic, Sonova, Starkey Hearing Technologies, William Demant, Audina Hearing Instruments, Benson Medical Instruments, Cochlear, ExSilent, Frye Electronics, GN Hearing, Interacoustics, Microson, MED-EL, Nurotron Biotechnology



What regions does this Audiology Devices Market report covers?



North america (the united states, canada, and mexico)

europe (germany, france, uk, russia, and italy)

asia-pacific (china, japan, korea, india, and southeast asia)

south america (brazil, argentina, colombia, etc.)

The middle east and africa (saudi arabia, uae, egypt, nigeria, and south africa)



What are the significant types of Audiology Devices Market?



Hearing Aids, Cochlear Implants, Diagnostic Devices, Bone Anchored Hearing Aids (BAHA)



What are the major end-use applications of the Audiology Devices Market?



Hospitals, Ambulatory Surgical Centers (ASCs), Research Institutes



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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