North America Audiology Devices Market Size, Share & Industry Trends Analysis Report By Technology (Digital and Analog), By Product, By Hearing Aids Type, By Distribution Channel, By End User, By Country and Growth Forecast, 2022 – 2028
The North America Audiology Devices Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
Nowadays, the majority of hearing healthcare professionals sell digital hearing aids. Digital hearing aids transform sound waves into numerical codes, whereas analog devices transform sound waves into electrical impulses. The pitch or volume of the sound is connected to the code. Because digital circuitry is more adaptable to work with, devices can often be adapted more precisely and easily to a patient's specific needs due to hearing loss.
Digital hearing aids can also be set up to prioritize sounds coming from a particular angle. All types of hearing aids can also have digital circuitry fitted, although the advantages it has over analog technology would probably increase the cost. When hearing aids are no longer helpful for someone with severe hearing loss, cochlear implants can help them hear better. Their quality of life and ability to communicate can be enhanced through cochlear implants. Both ears (bilateral) and one ear (unilateral) can receive cochlear implants.
The market player across the region are estimated to witness several major growth prospects in the coming years due to various factors. The expansion of audiology models, an increase in the number of audiologists, as well as the introduction of creative computerized platforms by current providers, can all be attributed to the growth of the audiology market in the United States. In addition, the introduction of consumer-driven audiology models that utilize straightforward goods is stimulating industry growth. Moreover, due to the presence of the majority of significant players and the rapid advancement of audiology technology in the region, North America is one of the market leaders for audiology devices.
The US market dominated the North America Audiology Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,944.7 million by 2028. The Canada market is poised to grow at a CAGR of 8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.1% during (2022 - 2028).
Based on Technology, the market is segmented into Digital and Analog. Based on Product, the market is segmented into Hearing Aids, Cochlear Implants, Diagnostic Devices, and BAHA/BAHS. Based on Hearing Aids Type, the market is segmented into Behind-the-ear (BTE) and In-the-ear (ITE) & Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on End User, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Medtronic PLC, William Demant Holding A/S, GN Store Nord A/S, Sonova Holding AG, WS Audiology A/S, Natus Medical Incorporated, MED-EL GmbH, Starkey laboratories, Inc., and Benson Medical Instruments.
Scope of the Study
Market Segments covered in the Report:
By Technology
- Digital
- Analog
- Hearing Aids
In-the-ear (ITE) & Others
- Cochlear Implants
- Diagnostic Devices
- BAHA/BAHS
- Offline
- Online
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
- US
- Canada
- Mexico
- Rest of North America
- Siemens AG
- Medtronic PLC
- William Demant Holding A/S
- GN Store Nord A/S
- Sonova Holding AG
- WS Audiology A/S
- Natus Medical Incorporated
- MED-EL GmbH
- Starkey laboratories, Inc.
- Benson Medical Instruments
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Audiology Devices Market, by Technology
- 1.4.2 North America Audiology Devices Market, by Product
- 1.4.3 North America Audiology Devices Market, by Distribution Channel
- 1.4.4 North America Audiology Devices Market, by End User
- 1.4.5 North America Audiology Devices Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.2.5 Approvals and Trails
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- Chapter 4. North America Audiology Devices Market by Technology
- 4.1 North America Digital Market by Country
- 4.2 North America Analog Market by Country
- Chapter 5. North America Audiology Devices Market by Product
- 5.1 North America Hearing Aids Market by Country
- 5.2 North America Audiology Devices Market by Hearing Aids Type
- 5.2.1 North America Behind-the-ear (BTE) Market by Country
- 5.2.2 North America In-the-ear (ITE) & Others Market by Country
- 5.3 North America Cochlear Implants Market by Country
- 5.4 North America Diagnostic Devices Market by Country
- 5.5 North America BAHA/BAHS Market by Country
- Chapter 6. North America Audiology Devices Market by Distribution Channel
- 6.1 North America Offline Market by Country
- 6.2 North America Online Market by Country
- Chapter 7. North America Audiology Devices Market by End User
- 7.1 North America Hospitals & Clinics Market by Country
- 7.2 North America Ambulatory Surgical Centers Market by Country
- 7.3 North America Others Market by Country
- Chapter 8. North America Audiology Devices Market by Country
- 8.1 US Audiology Devices Market
- 8.1.1 US Audiology Devices Market by Technology
- 8.1.2 US Audiology Devices Market by Product
- 8.1.2.1 US Audiology Devices Market by Hearing Aids Type
- 8.1.3 US Audiology Devices Market by Distribution Channel
- 8.1.4 US Audiology Devices Market by End User
- 8.2 Canada Audiology Devices Market
- 8.2.1 Canada Audiology Devices Market by Technology
- 8.2.2 Canada Audiology Devices Market by Product
- 8.2.2.1 Canada Audiology Devices Market by Hearing Aids Type
- 8.2.3 Canada Audiology Devices Market by Distribution Channel
- 8.2.4 Canada Audiology Devices Market by End User
- 8.3 Mexico Audiology Devices Market
- 8.3.1 Mexico Audiology Devices Market by Technology
- 8.3.2 Mexico Audiology Devices Market by Product
- 8.3.2.1 Mexico Audiology Devices Market by Hearing Aids Type
- 8.3.3 Mexico Audiology Devices Market by Distribution Channel
- 8.3.4 Mexico Audiology Devices Market by End User
- 8.4 Rest of North America Audiology Devices Market
- 8.4.1 Rest of North America Audiology Devices Market by Technology
- 8.4.2 Rest of North America Audiology Devices Market by Product
- 8.4.2.1 Rest of North America Audiology Devices Market by Hearing Aids Type
- 8.4.3 Rest of North America Audiology Devices Market by Distribution Channel
- 8.4.4 Rest of North America Audiology Devices Market by End User
- Chapter 9. Company Profiles
- 9.1 Siemens AG
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 SWOT Analysis
- 9.2 Medtronic PLC
- 9.2.1 Company overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 William Demant Holding A/S
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.5.3 Acquisition and Mergers:
- 9.4 GN Store Nord A/S (GN Hearing A/S)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Recent strategies and developments:
- 9.4.4.1 Partnerships, Collaborations, and Agreements:
- 9.4.4.2 Product Launches and Product Expansions:
- 9.5 Sonova Holding AG
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Acquisition and Mergers:
- 9.5.5.3 Approvals and Trails:
- 9.6 WS Audiology A/S
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.7 Natus Medical Incorporated (Archimed SAS)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional & Segmental Analysis
- 9.7.4 Research & Development Expenses
- 9.8 MED-EL GmbH
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Product Launches and Product Expansions:
- 9.8.2.2 Approvals and Trails:
- 9.9 Starkey Laboratories, Inc.
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Product Launches and Product Expansions:
- 9.9.2.2 Geographical Expansions:
- 9.10. Benson Medical Instruments
- 9.10.1 Company Overview
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