Audiology Devices Market Size To Reach $21.13 Billion By 2030

Audiology Devices Market Growth & Trends

The global audiology devices market size is expected to reach USD 21.13 billion in 2030 and is projected to grow at a CAGR of 6.24% from 2025 to 2030. Increasing cases of hearing disorders, especially in the geriatric population, rising purchasing capacity, investments in R&D, and strong government support for better healthcare infrastructure are expected to drive the industry growth over the forecast period. High comfort offered by newly introduced hearing aids, improved connectivity, and a better user interface is some of the factors attributing to the high usage rate of audiology devices. Better quality of life along with acceptance of digital hearing aids is anticipated to further drive the demand. In a study published in January 2019, it was observed that hearing aids reduce symptoms associated with dementia.

However, the usage is hampered due to the exclusion of fitting of hearing aids or exams from the Original Medicare program. In addition, the rising government initiatives for audiology devices are expected to propel growth. For instance, in 2019, the Government of France introduced a reform in the health system and granted 100% reimbursement for auditive, dental, and optical care with the '100 % Santé slogan. Furthermore, the prices of the hearing aids have been capped and the amount would be reimbursed by the social security system. The COVID-19 pandemic adversely affected the industry due to the supply chain disruptions, postponement of cochlear & BAHA surgeries, and decline in audiological care appointments. As per the Hearing Industries Association (HIA), the sales of hearing aids decline by 18.0% in 2020. As a result, many manufacturers reported a decline in their sales.

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Audiology Devices Market Report Highlights

• Government initiatives designed to raise awareness about hearing screenings among infants and older adults are fostering industry growth.

• The hearing aids segment led the market with the largest revenue share of 57.59% in 2024 and is expected to witness the fastest CAGR during the forecast period, owing to the significant demand for invisible-in-canal hearing aids and complete-in-canal hearing aids.

• Based on technology, the digital segment led the market with the largest revenue share of 92.96% in 2024

• Based on sales channel, the retail sales segment accounted for the largest market revenue share in 2024

• Based on age group, the adult segment accounted for the largest market revenue share in 2024

Audiology Devices Market Segmentation

Grand View Research has segmented the global audiology devices market report based on product, sales channel, technology, age group, and region:

Audiology Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Hearing Aids

• Cochlear Implants

• BAHA/BAHS

• Diagnostic Devices

• Surgical Devices

Audiology Devices Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Digital

• Analog

Audiology Devices Sales channel Outlook (Revenue, USD Million, 2018 - 2030)

• Retail Sales

• E-commerce

• Government Purchases

Audiology Devices Age Group Outlook (Revenue, USD Million, 2018 - 2030)

• Adults

• Pediatrics

Audiology Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Norway

  • Denmark

  • Sweden

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Audiology Devices Market

• Demant A/S

• GN Store Nord A/S

• Sonova

• Starkey Laboratories, Inc.

• MED-EL Medical Electronics

• Cochlear Ltd.

• WS Audiology A/S

• MAICO Diagnostics GmbH

• Oticon Medical

• INVENTIS srl

• Tech Innovations and M&A trends