Global Audiology Devices Market Size & Outlook, 2023-2030
Global audiology devices market, 2018-2030 (US$M)
Related Markets
Global audiology devices market highlights
- The global audiology devices market generated a revenue of USD 10,207.7 million in 2023 and is expected to reach USD 16,603.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.2% by 2030.
- In terms of segment, hearing aids accounted for a revenue of USD 6,593.4 million in 2023.
- Cochlear Implants is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 10,207.7 million |
| Market revenue in 2030 | USD 16,603.5 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Hearing aids |
| Fastest growing segment | Cochlear Implants |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hearing Aids, Cochlear Implants, BAHA/BAHS, Diagnostic Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 39.8% of the global audiology devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 67.2 million by 2030.
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Audiology Devices Market Scope
Audiology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global audiology devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to audiology devices market will help companies and investors design strategic landscapes.
Hearing aids was the largest segment with a revenue share of 64.59% in 2023. Horizon Databook has segmented the Global audiology devices market based on hearing aids, cochlear implants, baha/bahs, diagnostic devices covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Audiology Devices Product Outlook (Revenue, USD Million, 2018-2030)
- Hearing Aids
- Cochlear Implants
- BAHA/BAHS
- Diagnostic Devices
- Global Audiology Devices Technology Outlook (Revenue, USD Million, 2018-2030)
- Digital
- Analog
- Global Audiology Devices Sales Channel Outlook (Revenue, USD Million, 2018-2030)
- Retail Sales
- Government Purchases
- E-commerce
- Global Audiology Devices Age Group Outlook (Revenue, USD Million, 2018-2030)
- Adults
- Pediatrics
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Target buyers of Global audiology devices market databook
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Our clientele includes a mix of audiology devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global audiology devices market , including forecasts for subscribers. This global databook contains high-level insights into Global audiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global audiology devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Audiology devices market size, 2023 (US$M)
Global audiology devices market share, by product, 2023 & 2030 (%, US$M)
Audiology devices market: Opportunity assessment by country
Global audiology devices market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,812.3 | 3,983.1 | 3,228.0 | 3,586.8 | 3,820.2 | 4,057.9 | 4,314.9 | 4,593.0 | 4,894.2 | 5,221.2 | 5,576.5 | 5,963.5 | 6,385.7 | 6.7% |
| Europe | 3,479.6 | 3,656.9 | 2,997.6 | 3,337.7 | 3,572.4 | 3,814.6 | 4,077.9 | 4,364.2 | 4,676.2 | 5,016.6 | 5,388.5 | 5,795.5 | 6,242.0 | 7.3% |
| Asia Pacific | 1,641.1 | 1,738.1 | 1,437.8 | 1,611.9 | 1,738.1 | 1,869.9 | 2,013.9 | 2,171.4 | 2,344.1 | 2,533.5 | 2,741.7 | 2,971.1 | 3,224.3 | 8.1% |
| Latin America | 259.0 | 273.7 | 230.1 | 254.2 | 272.7 | 292.2 | 313.6 | 337.0 | 362.9 | 391.4 | 423.0 | 458.1 | 497.1 | 7.9% |
| MEA | 169.8 | 175.9 | 142.7 | 156.1 | 164.6 | 173.1 | 182.2 | 192.0 | 202.6 | 214.0 | 226.4 | 239.9 | 254.5 | 5.7% |
| Overall | 9,361.7 | 9,827.6 | 8,036.2 | 8,946.7 | 9,567.9 | 10,207.7 | 10,902.4 | 11,657.7 | 12,480.0 | 13,376.6 | 14,356.1 | 15,428.0 | 16,603.5 | 7.2% |
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