The audiology devices are anticipated to grow at a CAGR around 6.0% during the forecast period. The factor such as the high prevalence of hearing disorders, increasing incidence of impairment and loss of hearing in the younger generations is anticipated to show a positive impact on the growth of audiology devices market during the forecast period. Audiology devices are the devices that are used for the diagnosis and treatment of hearing impairment or loss and used for monitoring and studying hearing. The frequent hearing loss is often associated with old age and is a rising problem across the globe. Moreover, factors include a large prevalence of deafness and the cosmetic appeal of hearing devices fuel the growth of the market.

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The major players of the audiology devices market include Demant A/S, Starkey Hearing Technologies, Starkey Laboratories, Inc., SonovaHolding AG, Sivantos Pte. Ltd., WIDEX A/S, Medtronic PLC, Benson Medical Instruments, WS Audiology A/S and MicroTech.

Additionally, advancement in technology, cost-effective devices and widespread acceptance of novel devices in the aging population is anticipated to boost the growth of the audiology devices industry. However, the high cost of devices used in surgeries and individuals refrain from wearing hearing aids due to social disgrace associated with deafness and high price with hearing impairment solutions mainly surgery based is anticipated to hamper the growth of the market. Rising awareness related to the availability of enhanced hearing aids fuel the growth of the market.

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Various associations and organizations are implementing programs to grow awareness and accessibility to audiology devices. For instance, Hearing Loss Association of America (HLAA) works in the collaboration with policymaker to assist customers through improving awareness regarding hearing loss and audiology diagnostics devices that propel the market growth during the forecast period. Hearing loss occurs mainly owing to various reasons that include chronic ear infections, excessive exposure to noise, and complication at the time of birth and genetic mutations. Thus, to overcome these difficulties people have started preferring audiology devices includes cochlear implants that considerably enhance the person's hearing ability. Therefore, this factor propels the growth of the industry during the forecast period.

Market Segmentation

Global Audiology Devices Market by Technology

• Digital Hearing Aids
• Analog Hearing Aids

Global Audiology Devices Market by Products

• Cochlear Implants
• Bone Anchored Hearing Aid Open System
• Diagnostic Devices
• Tympanometers
• Otoscopes
• Audiometers
• Hearing Aids
• In the Ear Aids
• Receiver in the Ear Aids
• Behind the Ear Aids
• Canal Hearing

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