Audiology Devices Market Overview, Growth Trends, and Key players (2024-2031)


Posted September 23, 2024 by anithayadav

The Global Audiology Devices Market is expected to reach a high CAGR during the forecast period 2024-2031.

 
Overview
Hearing loss is more prevalent among the elderly due to changes in the neurological pathways connecting the brain to the ear. Audiology devices, commonly known as hearing aids, are used to detect and treat hearing loss or abnormalities. These devices also help monitor and study hearing issues in individuals

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Market Growth Trends
Increase in the number of device launches
The growth in the number of advanced device launches is expected to drive market expansion, thanks to their ability to deliver highly efficient hearing solutions. For example, on September 25, 2023, ELEHEAR, a provider of AI-powered hearing aids and audio solutions, launched its first over-the-counter (OTC) hearing aid devices: the ELEHEAR Alpha and ELEHEAR Alpha Pro.

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Market Key Players
• Oticon Medical
• Med-EL
• Starkey Hearing Technologies
• Phonak
• Advanced Bionics
• Audina Hearing Instruments, Inc.
• Coselgi
• Sonova AG
• WS Audiology A/S
• BHM-Tech Produktionsgesellschaft mbH

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Issued By DataM Intelligence
Country India
Categories Health , Manufacturing , Medical
Tags audiology devices market , audiology devices market overview , audiology devices market growth trends
Last Updated September 23, 2024