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Audiology Devices Market Share

Report ID: GMI426
Published Date: Jul 2024
Report Format: PDF

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Audiology Devices Market Share

The audiology devices industry is characterized by the presence of several established and emerging players that offer a variety of products across the globe. The market players compete based on factors such as product quality, innovation, regulatory compliance, customer service, and pricing strategies.

Audiology Devices Market Companies

Prominent players operating in the audiology devices industry include:

American Diagnostic Corporation
Cochlear Ltd
Demant A/S
Eargo, Inc
EARTECHNIC
Envoy Medical
GN Store Nord A/S
MAICO Diagnostics GmbH
MED-EL GmbH
Medtronic
Nurotron Biotechnology Co., LTD
RION Co. Ltd
Sonova Holding AG
Starkey
WS Audiology

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The audiology devices market was valued at USD 10.8 billion in 2023 and is anticipated to witness growth at 5.9% CAGR during 2024-2032, driven by the global prevalence of hearing loss.

The hearing aids segment held 72% of the market share in 2023 and will expand rapidly through 2032, driven by technological innovations.

North America audiology devices market was valued at USD 3.9 billion and is predicted to grow at 4.5% CAGR during 2024-2032, driven primarily by the presence of a well-established healthcare system.

GN Store Nord A/S, MAICO Diagnostics GmbH, MED-EL GmbH, Medtronic, Nurotron Biotechnology Co., LTD, RION Co. Ltd, Sonova Holding AG, Starkey, and WS Audiology among others.