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Audiology Devices Market Share

  • Report ID: GMI426
  • Published Date: Jan 2023
  • Report Format: PDF
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Audiology Devices Market Share

Leading companies operating in audiology devices market are

  • EARTECHNIC
  • Sonova Holding AG
  • WS Audiology
  • RION Co. Ltd
  • Eargo, Inc.
  • Cochlear Ltd.
  • GN Store Nord A/S
  • MED-EL GmbH
  • Medtronic plc
  • Nurotron Biotechnology CO. Ltd
  • MAICO Diagnostics GmbH
  • Demant A/S
  • American Diagnostic Corporation
  • Starkey
  • Envoy Medical
     

These firms have been consistently working on strengthening their strategic bonds to improve their standing in the global markets. For instance, in June 2022, Demant acquired ShengWang for hearing aid clinics in China. This acquisition will help the company expand its product portfolio and customer reach, further increasing its revenue.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for audiology devices exceeded USD 10 billion in 2022 and is set to exhibit over 6% CAGR from 2023 to 2032 owing to a noticeable rise in the incidences of hearing loss.

Cochlear implants segment size is expected to be worth over USD 3 billion by 2032 driven by increasing technological advancements, development of minimally invasive implantation techniques, and favorable reimbursement scenarios.

Adult segment is poised to depict a 6% CAGR between 2023 and 2032 aided by the increasing prevalence of hearing loss among the aging population.

Europe audiology devices market is primed to be worth over USD 6.9 billion by 2032 majorly due to the increasing aging population and rising incidences of hearing loss.

Major audiology devices manufacturers include EARTECHNIC, Sonova Holding AG, WS Audiology, RION Co. Ltd, Eargo, Inc., Cochlear Ltd.,GN Store Nord A/S, MED-EL GmbH, Medtronic plc, Nurotron Biotechnology CO. Ltd, MAICO Diagnostics GmbH, Demant A/S, American Diagnostic Corporation, Starkey, and Envoy Medical.

Audiology Devices Market Scope

  • Audiology Devices Market Size
  • Audiology Devices Market Analysis
  • Audiology Devices Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 15
    • Tables & Figures: 607
    • Countries covered: 25
    • Pages: 350
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