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Global Audiology Devices Market 2017-2021

Global Audiology Devices Market 2017-2021

About Audiology Devices

Audiology devices are used by people with hearing difficulties. These devices have improved over the time to provide a better experience to the users. With the advances in technology, the devices have become smarter, smaller, and easier to use, providing better communication to the users. Nowadays, the digital hearing devices are equipped with feedback reduction, speech enhancement, directional microphones, and wireless technology. The market growth for these devices will continue due to the increasing prevalence of hearing disorders.

Technavio’s analysts forecast the global audiology devices market to grow at a CAGR of 6.50% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global audiology devices market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Audiology Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Medtronic
  • Sonova
  • Starkey Hearing Technologies
  • William Demant
Other prominent vendors
  • Audina Hearing Instruments
  • Benson Medical Instruments
  • Cochlear
  • ExSilent
  • Frye Electronics
  • GN Hearing
  • Interacoustics
  • Microson
  • MED-EL
  • Nurotron Biotechnology
  • Otometrics (acquired by Natus Medical)
  • Sivantos
  • WIDEX
Market driver
  • Increasing prevalence of hearing disorders 
  • For a full, detailed list, view our report
Market challenge
  • Inadequate reimbursement and insurance policies 
  • For a full, detailed list, view our report
Market trend
  • Increasing focus on digital hearing aids
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Audiology Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global audiology devices market: Medtronic, Sonova, Starkey Hearing Technologies, and William Demant.

Other Prominent Vendors in the market are: Audina Hearing Instruments, Benson Medical Instruments, Cochlear, ExSilent, Frye Electronics, GN Hearing, Interacoustics, Microson, MED-EL, Nurotron Biotechnology, Otometrics (acquired by Natus Medical), Sivantos, and WIDEX.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing focus on digital hearing aids. Nowadays, the digital hearing aids are being much accepted by the people, and these devices are still going through innovations and advances. The digital hearing aids are sleek and have a modern look outside, loaded with world-class technology inside. They improve speech understanding and make listening easier in any environment. The digital hearing aid uses a precision microphone and advanced noise reduction and speech recognition system designed to amplify important sounds, such as speech, and to reduce unwanted surrounding noise.”

According to the report, one of the major drivers for this market is Increasing prevalence of hearing disorders. The prevalence of hearing disorders increased globally. The hearing disorder can also be a disabling hearing loss, which refers to hearing loss greater than 40 dB in the better hearing ear in adults and greater than 30 dB in the better hearing ear in children. The hearing disorder can be due to a genetic cause, congenital disability, infectious disease, chronic ear infection, usage of particular drugs, exposure to excessive noise, and older age.

Further, the report states that one of the major factors hindering the growth of this market is Inadequate reimbursement and insurance policies. Inadequate reimbursement for the hearing aid devices poses a serious difficulty for the hospitals and the patients. In addition, the Medicare and Medicaid policies raised serious problems for the cochlear implant centers also. The lack of reimbursement led to low profits for the implant centers. The centers, which perform 100 surgeries a year are unable to generate profits by providing cochlear implants. The medium and small-sized centers are being forced to limit the number of patients they serve, due to the insurance coverage and reimbursement issues.

Companies Mentioned

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, Otometrics (acquired by Natus Medical), Sivantos, and WIDEX.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global audiology devices market: Impact assessment
  • Market landscape
    • Market overview
      • Table Market scenario for global audiology devices market 2016 and 2021
    • Market size and forecast
      • Table Global audiology devices market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global audiology devices market by product 2016 (%)
      • Table Global audiology devices market by product 2021 (%)
    • Global hearing aids market
      • Table Global hearing aids market 2016-2021 ($ millions)
    • Global cochlear implants market
      • Table Global cochlear implants market 2016-2021 ($ millions)
    • Global diagnostic devices market
      • Table Global diagnostic devices market 2016-2021 ($ millions)
    • Global BAHA market
      • Table Global BAHA market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
    • ASCs
    • Hospitals
    • Research institutes
      • Table HEI research programs
  • Geographical segmentation
    • Market scenario
      • Table Global audiology devices market by geography 2016 (%)
      • Table Global audiology devices market by geography 2021 (%)
    • Audiology devices market in Americas
      • Table Audiology devices market in Americas: Overview
      • Table Audiology devices market in Americas 2016-2021 ($ millions)
    • Audiology devices market in EMEA
      • Table Audiology devices market in EMEA: Overview
      • Table Audiology devices market in EMEA 2016-2021 ($ millions)
    • Audiology devices market in APAC
      • Table Audiology devices market in APAC: Overview
      • Table Audiology devices market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing focus on digital hearing aids
    • Technological advances in hearing aids
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure analysis of global audiology devices market 2016
    • Other prominent vendors
  • Key vendor analysis
    • Medtronic
      • Table Medtronic: Key financial overview
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • Sonova
      • Table Sonova: Region-wise revenue generation FY2016 (%)
      • Table Sonova: Key highlights
      • Table Sonova: Strength assessment
      • Table Sonova: Strategy assessment
      • Table Sonova: Opportunity assessment
    • Starkey Hearing Technologies
      • Table Starkey Hearing Technologies: Strength assessment
      • Table Starkey Hearing Technologies: Strategy assessment
      • Table Starkey Hearing Technologies: Opportunity assessment
    • William Demant
      • Table William Demant: Revenue by geographic region 2016 (%)
      • Table William Demant: Key highlights
      • Table William Demant: Strength assessment
      • Table William Demant: Strategy assessment
      • Table William Demant: Opportunity assessment
  • Appendix
    • List of abbreviations
  • Explore Technavio

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