Audiology Devices Market Size

Audiology Devices Market size was valued at USD 10.76 billion in 2024 and is likely to reach USD 23.44 billion by the end of 2037, expanding at around 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of audiology devices is assessed at USD 11.29 billion.

The growth of the market can be attributed to the rising prevalence of hearing disabilities across the globe. As Hearing threshold of 20dB or more in both ears is said to have hearing loss. The World Health Organization has stated that 430 million people have hearing loss throughout the world and require hearing rehabilitation and the number is projected to surge to 700 by 2050. Moreover, the significant growth in the aging population across the globe is also predicted to augment the market size further in the years to come.

In addition to these, factors that are believed to fuel the market growth of audiology devices include the worldwide rise in cases of hearing loss. For instance, by the year 2050, around 2 billion people are estimated to have some level of hearing loss while almost 34 million children are living with hearing disabilities. Additionally, the growing number of government awareness campaigns on hearing screening among aged adults and newborns is predicted to present the potential for audiology devices market expansion over the projected period. In addition to this, the surge in technological advancements, along with the elevated adoption of AI in auditory products, and the rising trend of wireless hearing aids which are capable to link users with devices such as televisions and smartphones is estimated to boost the market growth further throughout the projected time frame.