Hearing Device Market Analysis, Size, Trends | United States | 2017-2023 | MedSuite (Includes 11 Reports)

  • Year: 2017
  • Scope: 2013-2023
  • Region: United States
  • Pages: 216
  • Published Date: 9/1/2016
  • Type: MedSuite

Overall, the hearing aids and audiology device market was valued at over $2.82 billion in 2016. This is expected to increase over the forecast period at a CAGR of 4% to exceed $3.72 billion.

The traditional hearing aid market in this report is analyzed at both a manufacturer level, as well as at a retail level. The manufacturer hearing aid market segment represents the revenue generated from manufacturers selling their hearing aids to retailers. The retail hearing aid market segment represents the revenue generated from retailers selling hearing aids to end users. This approach was taken in order to do a comparison of the market revenue of the manufacturers of the hearing aid devices versus the retail hearing aid sales.

Major Segments Covered in the Hearing Devices Market Report Suite

While this report suite contains all U.S. Hearing Devices data, each of the markets are also available as stand alone MedCore reports. This allows you to get access to only the Hearing Devices market research that you need. You can view all these included reports and segmentation here:

  • US Market Overview for Hearing Aids and Audiology Devices 2017 – MedView: Gives an easily accessible view of all hearing devices markets and trends, and aggregates the data together for a picture of the total U.S. market.
  • US Market Report for Hearing Aids 2017 – MedCore: Standard hearing aids are medical (electroacoustic) devices designed to treat sensorineural hearing loss, typically fitting into or behind the patient’s ear. Hearing aids are designed to amplify and modulate sound, and vary with style, size, power and circuitry. The unit consists of an amplification circuit – digital or analog – a receiver and a transducer. All these elements are placed within a plastic shell designed to fit into or around the ear. They are powered by a disposable zinc-air battery and come in many styles, catering to the preferences and concerns of the patient. The circuitry of a hearing aid is offered in varying levels of quality and price.
  • US Market Report for Bone-Anchored Hearing Aids 2017 – MedCore: A bone-anchored hearing aid (BAHA) is a surgically implanted device designed to treat hearing loss by transmitting the sounds it receives through direct bone conduction to the nerve fibers of the inner ear. The device consists of an externally worn receiver and sound processor, which resembles a standard behind-the-ear hearing aid, and an external abutment that vibrates a titanium implant. The hearing aid is operational once the titanium fixture bonds with the surrounding tissue (osseointegration). This process usually takes two to six months from when the device has been implanted.
  • US Market Report for Cochlear Implants 2017 – MedCore: Cochlear implants (bionic ears) are surgically implanted electronic devices designed to treat severe to profound sensorineural hearing impairment. The cochlea is the auditory portion of the inner ear and is a spiral cavity found within the modiolus. The organ of corti, which is the sensory hearing organ found within the cochlea, is found along the partition that separates the fluid chambers of the cochlea. The cochlea implant is surgically implanted under the skin behind the ear; implantation will typically take one to four hours. The device consists of an external sound processor (selectively filtering sound), microphone and RF transducer (transmits power and processed sound signals) and a stimulator and an internal receiver located within the bone beneath the skin, which converts signals into electric impulses through electrodes and a secondary coil which relays signals via electrodes (up to 24) directly to the cochlea.
  • US Market Report for Middle Ear Implants 2017 – MedCore: Middle ear implants (MEIs) are a relatively newer entrant into the hearing device market. MEIs are designed for people who cannot use or are dissatisfied with conventional hearing aids. MEIs are used on people who have moderate to severe sensorineural hearing loss or conductive/mixed hearing loss. While the technology uses a direct drive similar to those of percutaneous bone conduction system, it is distinct in both its designed indication as well as its function.
  • US Market Report for Hearing Aid Batteries 2017 – MedCore: Growth in this market is due to a few major trends. The first is increasing aging population, which drives the demand for new hearing aid installations and consequently increases the installed base of devices requiring batteries. The second contributor is that manufacturers offering private label hearing aid batteries have been offering an increasing number of batteries per pack. This gives the consumer a more economical choice over the leading brands, and is a strategy that the rest of the industry may soon adopt.
  • US Market Report for Diagnostic Hearing Devices 2017 – MedCore: Diagnostic hearing devices are designed to assist physicians, audiologists and hearing instrument specialists to evaluate patient hearing and conducting physical diagnosis in and around the ear. These devices fit into three broad categories: equipment used for conducting a clinical diagnosis of hearing loss, equipment for screening potential hearing loss and equipment used for performing physical diagnosis. Diagnostic audiometers and tympanometers are used for clinical diagnosis. Screening and industrial audiometers (also known as occupational audiometers) are used for hearing loss screenings. Otoscopes are used for performing physical diagnoses.
  • US Market Report for Otoacoustic Emission and Auditory Brainstem Response Analyzers 2017 – MedCore: Given the relative expense of OAE and ABR analyzers and the high ASP that they command, the market will grow at a low rate as audiologists expand into infant screening and use OAE analyzers as a supplement or substitute for tympanometers. Market growth will also be further augmented by a steady increase in ASP in both segments.
  • US Market Report for Audiometers and Tympanometers 2017 – MedCore: Audiometers are machines used for evaluating hearing loss. They are standard instruments in audiology centers and at ear, nose and throat (ENT) clinics. They consist of an embedded hardware unit connected to a pair of headphones and a feedback button, which is controlled by a computer. Conductive hearing mechanisms can be analyzed when audiometers are used in conjunction with born vibrators. The market for audiometers includes revenues from both the audiometer hardware and the accompanying software.
  • US Market Report for Real Ear Analyzers 2017 – MedCore: Real ear analyzers are pieces of diagnostic equipment designed to provide an audiologist with an objective test of how well a hearing aid performs in the patient’s ear. They are especially important for hearing aid fittings because the shape and size of the individual’s ear canal can significantly influence the performance of the hearing aid. Sound is presented to the test person using a loud speaker and the sound intensity is measured using a microphone. A second microphone measures the sound’s intensity inside the ear canal. They measure the sound pressure level at the patient’s eardrum at given amplification settings of the hearing aid being tested. The sound pressure level recorded at the eardrum is used for evaluating response (the absolute sound pressure at the eardrum) and gain (the sound pressure at the eardrum relative to the input level).
  • US Market Report for Otoscopes 2017 – MedCore: Standard otoscopes (also known as auriscopes) are medical devices is designed to assist a physician in making physical diagnoses, making it possible to see the outer and middle ear. Otoscopes are considered a required device by any physician performing physical diagnoses. The device is handheld and consists of a power supply base and a magnifying head. This allows the physician to immediately magnify and illuminate a small area of the patient’s body, including in the mouth and ear canal. Otoscope design consists of a head (with light source and low-powered magnifying lens), disposable plastic ear specula which can attach to the front end (distal) and a lens on the rear of the instrument that enables physicians to see into their patient’s ear canal. Most otoscopes are portable and battery powered.
  • OTHER INFORMATION – Company Profiles and SWOT, Disease Overviews, & Related Press Releases from Top Competitors

Buying all of these reports together in this suite package will provide you with substantial discounts from the separate prices. Request Pricing to Learn More

Hearing Devices Report Data Types Included

  • Unit Sales, Average Selling Prices, Market Value & Growth Trends
  • Forecasts Until 2023, and Historical Data to 2013
  • Market Drivers & Limiters for Each Hearing Device Segment
  • Competitive Analysis with Market Shares for Each Segment
  • Recent Mergers & Acquisitions
  • Disease Overviews and Demographic Information
  • Company Profiles, Product Portfolios and SWOT for Top Competitors
  • Related Press Releases from Top Competitors

Hearing Devices Companies Analyzed

The hearing aid and audiology device market is largely controlled by five main companies: Phonak, Starkey, Cochlear, Oticon and Sivantos. Brands belonging to these five companies held more than 60% share of the overall market in 2016. In addition to their current dominance in the market, they are also very active with ongoing acquisitions to further secure their leading positions. In addition to the manufacturing consolidation, emerging competitors continue to gain market share through niche segments like bone-anchored hearing aids, cochlear implants and middle ear implants. Product innovation is the focus of nearly all competitors, even those in the battery market. Success will be based on who can capture market share based on not only price, but also functionality. Examples of this include recent introductions of smartphone pairing capabilities and app connectivity as demonstrated by products such as Cochlear’s Baha® and ReSound’s ENZO2..

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The "US Market Report Suite for Hearing Aids and Audiology Devices 2017 - MedSuite" includes analysis on the following companies currently active in this market:
GN ReSound
Advanced Bionics
GN Otometrics
Benson Medical Instruments
Intelligent Hearing Systems
Welch Allyn
Frye Electronics
Envoy Medical
Others include: Advanced Monitors Corporation, Ambco, American Diagnostics, Amplivox, Audina, Audioscan, Auditdata, Benson Medical Instruments, Duracell, e3 Audiometrics, Foster Special Instruments, Frye Electronics, GlobalMed Telemedicine, GN Otometrics, Grason-Stadler, Hansaton, Hear Clear, Heine, iCellTech, Intelligent Hearing Systems, Interacoustics, Inventis, KaWe, Madsen, Maico, MEDca, MedRx, Micro Audiometrics Corp, MicroTech, Natus, NEXcell, Otovation, Panasonic, Path Medical, Persona Medical, Renata, Riester, Rion, SeboTek Hearing Systems, Songbird Hearing, Sony, SoundHawk, Toshiba, Tremetrics, US Ophthalmic, Vivosonic, Welch Allyn, etc.
*Not all companies are currently active in every segment or sub-report from this suite. For more details contact an iData Research Product Advisor.

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