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Audiology Devices Market to see Rapid Growth by 2029

05-26-2023 07:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Global audiology devices market is anticipated to grow at a CAGR of 6.8% during the forecast period. According to WHO, by 2050 nearly 2.5 billion people are projected to have some degree of hearing loss and at least 700 million will require hearing rehabilitation. Over 1 billion young adults are at risk of permanent, avoidable hearing loss due to unsafe listening practices. An annual additional investment of less than $1.40 per person is needed to scale up ear and hearing care services globally. Thus, the growth of the market is attributed to the growing health problems related to hearing.

Moreover, the growing launches of new and innovative solutions by market players are anticipated to drive the market. For instance, in October 2022, Sony Electronics announced the availability of its first over-the-counter (OTC) hearing aids for the US market. Sony is re-imagining the hearing device space with a focus on innovation, accessibility, and personalization. Also, in September 2022, Tencent Holdings launched an advanced new hearing aid powered by artificial intelligence (AI) technology. Using Tencent's self-developed AI algorithm, the new hearing aid provides about 85% improved sound clarity and speech intelligibility compared with similar devices in the market. In September 2022, Widex USA Inc. introduced Widex MOMENT Sheer, it's new hearing technology solution that builds upon the proven benefits of Widex MOMENT to further enhance wearers' lifestyles and well-being. The new solution strives to deliver the perfection of natural sound by expanding the benefits of Widex PureSound to more users; adding advanced software and hardware technologies that support engagement and improved well-being; and elevating design standards for a user experience that instills pride and confidence in ownership.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-

By Technology
By Products
Regions Covered-

North America
Rest of the World
Competitive Landscape- Cochlear, Ltd., Demant A/S, Sivantos Pte. Ltd., Starkey Laboratories, Inc., Widex A/S, and others.
Audiology Devices Market Report Segment

By Technology

Digital Hearing Aids
Analog Hearing Aids
By Products

Cochlear Implants
Bone Anchored Hearing Aid Open System
Diagnostic Devices

Hearing Aids

In The Ear Aids
Receiver In The Ear Aids
Behind The Ear Aids
Canal Hearing
A full report of Audiology Devices Market available @

Audiology Devices Market Report Segment by Region

North America

United States

United Kingdom
Rest of Europe

Rest of Asia-Pacific
Rest of the World

Middle East & Africa
Latin America
Company Profiles

Audioscan (a Division of Etymonic Design, Inc.)
Benson Medical Instruments, Co.
Cochlear, Ltd.
Demant A/S
GN Store Nord A/S
Grason-Stadler, Inc.
MAICO Diagnostics
MedRX, Inc.
Medtronic, PLC.
Natus Medical, Inc.
Nurotron Biotechnology Co., Ltd.
Reasons to Buy From us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari


Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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