Portland, OR, March 14, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global audiology devices market was estimated at $7.2 billion in 2021 and is expected to hit $13.1 billion by 2031, registering a CAGR of 6.5% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
Download Sample Copy of this report- https://www.alliedmarketresearch.com/request-sample/506
Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $7.2 Billion |
| Market Size in 2031 | $13.1 Billion |
| CAGR | 6.5% |
| No. of Pages in Report | 240 |
| Segments Covered | Technology, Product, Sales Channel, Age Group, End User, and Region. |
| Drivers | Expanding technological developments |
| Rising adoption of cutting-edge equipment by the elderly population | |
| Restraints | Less awareness about the availability of such advanced devices that can treat hearing loss issues |
| The cost of the devices | |
| Opportunities | Increase in R&D activities |
What is the impact of Covid-19 on the Audiology Devices Market?
- Cancellation or postponements of non-emergency health checkups by the patients due to the fear of the spread of coronavirus.
- This, in turn, reduced the number of patients that were screened for hearing loss issues, which impacted the global audiology devices market negatively. However, the market has now recovered.
Procure Complete Report (240 Pages PDF with Insights, Charts, Tables, and Figures)
https://www.alliedmarketresearch.com/checkout-final/audiology-devices-market
The global audiology devices market is analyzed across technology, product, sales channel, age group, end user, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By technology, the analog segment held the highest share in 2021, garnering nearly three-fifths of the global audiology devices market revenue. The same segment would also showcase the fastest CAGR of 6.6% throughout the forecast period. The digital segment is also assessed in the study.
By product, the cochlear implants segment contributed to nearly half of the global audiology devices market share in 2021, and is projected to rule the roost by 2031. The same segment would also display the fastest CAGR of 6.8% throughout the forecast period. The hearing aids segment is also discussed in the report.
By sales channel, the retail sales segment accounted for the highest share in 2021, generating nearly half of the global audiology devices market revenue. The same segment would also portray the fastest CAGR of 6.9% during the forecast period. The government purchases and e-commerce segments are also discussed in the study.
For Purchase Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/506
By age group, the adult segment held more than half of the global audiology devices market revenue in 2021, and is projected to maintain the lion's share throughout the forecast period. The pediatric segment, however, would cite the fastest CAGR of 6.8% from 2022 to 2031.
By end-user, the hospital's segment garnered the highest share in 2021, accounting for nearly half of the global audiology devices market revenue. The Ambulatory Surgical Centers (ASCs) segment, on the other hand, would display the fastest CAGR of 7.1% from 2022 to 2031.
By region, North America held the major share in 2021, garnering nearly two-fifths of the global audiology devices market revenue. Asia-Pacific, simultaneously, would showcase the fastest CAGR of 7.6% from 2022 to 2031. The other provinces studied through the report include Europe and LAMEA.
Top Manufactures of High Frequency Ventilators
The key market players analyzed in the global audiology devices market report include,
- Sonova
- GN Store Nord A/S
- Starkey Laboratories Inc.
- Demant A/S
- MED-EL Medical Electronics
- Cochlear Ltd.
- WS Audiology A/S
- Oticon Medical
- INVENTIS srl
- MAICO Diagnostics GmbH Ltd.
These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
Similar Research Reports of Healthcare Industry:
Drug Screening Market - Global Opportunity Analysis and Industry Forecast, 2021–2030
Contraceptive Drugs Market - Global Opportunity Analysis and Industry Forecast, 2021–2030
Healthcare Chatbots Market - Global Opportunity Analysis and Industry Forecast, 2021–2030
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer a cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
