Healthcare Industry Audiology Devices Market Forecasts to 2024
Hexa Research
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Audiology Devices Market Share, Size, Analysis, Growth, Trends and
Forecasts to 2024 | Hexa Research
Audiology devices are known to facilitate in treatment of hearing disorders such as
congenital hearing and nerve deafness. It caters to three types of hearing loss viz.,
conductive, sensorineural, and mixed and grouped according to severity of deafness.
The global audiology devices market is estimated to grow at a 4.9% CAGR over the forecast
phase (2016-2024). It would be worth around USD 10 billion by 2024. Technological
advances of these devices as well as the increasing need by the elderly as well as those
afflicted with hearing disorders will drive the market.
The market is segmented by products and regions. Products of the audiology de vices
market encompass of diagnostic devices, cochlear implants, hearing aid, technological aid,
and bone anchoring hearing aids (BAHA). Hearing aids are further divided into In -the-ear
(ITE), Receiver-in-the-ear (RITE), canal hearing, and Behind-the-ear (BTE) aids. Canal
hearing aids encompass completely-in-canal (CIC), in-the-canal (ITC) hearing, and invisible-
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