A new industry analysis projects the global audiology devices market will grow from $15.71 billion in 2025 to $22.85 billion by 2033, driven by an aging population, rising hearing loss prevalence, and accelerating adoption of AI-enabled and connected hearing technologies.
The MVP Pipeline feature is designed to transform schedule data into predictive insights about future hearing aid sales.
The US hearing aid market rebounded from a net unit loss of -18% in 2020, which was induced by the pandemic, to a unit increase of 37% in 2021—essentially making what would appear to be a full recovery. In fact, hearing aid sales in 2021 ended up an impressive 12% above pre-pandemic 2019 levels. Pent-up demand is likely to keep fueling hearing aid growth numbers in 2022 for both the private/commercial market and especially the VA.
According to Hearing Industries Association (HIA) statistics, total net hearing aid sales in 2020 reached 3.47 million units, a decrease of 18.0%, with the private/commercial sector experiencing a decrease of 14.2% and the US Department of Veterans Affairs (VA) a decrease of 34.0%. Here is an analysis of hearing aid sales in 2020, including state-by-state unit losses, and what the future might hold in 2021.
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One of the most critical aspects of your business is the way your practice is perceived by current and potential patients. This article explores some common difficulties that practice owners may encounter, as well as quick and easy ways to fix the issues that may be keeping your hearing care practice from functioning optimally.
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Covid-19 is still impacting hearing aid sales, but these strategies can blunt its effects while preparing your practice for what many experts predict will be an excellent year for hearing healthcare in 2021.
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According to BIHIMA’s announcement, the latest UK and Irish hearing instrument Q3 data shows that “the private hearing instrument market is recovering well, with the NHS market picking up at a slower rate.”
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It may not be a miraculous market recovery for the hearing healthcare field, but it’s still very good. Total US hearing aid net unit sales—while still down by -6.2% in the third quarter —made what can be considered a very strong rebound from the -58.6% thumping experienced from April-June (Q2) due to the COVID-19 pandemic. In particular, statistics generated by HIA show that private/commercial sector hearing aid sales actually increased by 0.5% compared to Q3 of last year.
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COVID-19 has transformed healthcare. The clinician’s role has taken on an increased significance. Because of this, it has sped up the adoption of technology to keep the hearing healthcare professional and the patient connected, even when social distancing is keeping them apart.
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The British Society of Hearing Aid Audiologists (BSHAA) has published results from an April survey of its UK members about how they were responding to the Covid-19 pandemic. The survey has several interesting parallels to a Hearing Review survey of US hearing care practices during the same period in mid-April.
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In response to the Covid-19 pandemic, The Hearing Review surveyed hearing care professionals during the past week regarding how the outbreak is impacting their business. Here are the results.
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Amplifon, the parent group of Miracle Ear and Elite Hearing Network, published impressive first quarter 2019 financial results, showing revenue growth of 25.4% driven by solid organic growth and a large contribution from their M&A activity, notably from their recent purchase of the GAES hearing aid dispensing network based in Spain.
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Hearing care practice owners often get sweaty palms this time of year due to a drop in business and hearing aid units sold. However, industry statistics show that, if that’s the case in your business, maybe you should relax a little; historically, January and February are probably the worst months for hearing aid sales in the private sector.
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US hearing aid unit sales increased by 5.3% in 2018, falling just 30,000 units short of the 4 million mark, according to HIA fourth quarter statistics. For the year, the commercial sector experienced unit sales gains of 5.95%, while the Department of Veterans Affairs (VA) dispensing activity increased by 2.4%.
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According to HIA statistics, the US hearing aid market has experienced sales gains of 5.9% and may exceed 4 million hearing aid units dispensed by the end of 2018. Here’s a summary of the US hearing industry statistics through the third quarter of this year, including a look at the most-common styles of hearing aids sold.
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In the second quarter of 2018, US quarterly sales of hearing aids exceeded 1 million net units for the first time in the industry’s history, according to statistics generated by the Hearing Industries Association (HIA). In Q2 2018, unit sales increased by 5.73% compared to the same period last year—the exact same percentage growth as the first quarter’s sales’ growth rate.
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In 2017, the six EHIMA members who are the world’s largest and leading hearing instrument manufacturers sold 15.05 million hearing aids in total. Compared to the previous year, sales grew by 5.7%.
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Hearing aid net unit sales in the United States increased by 7.2% for the private sector and stayed about the same (-0.5%) at the VA in the first quarter of 2018 compared to the same period last year. RICs constituted 71.7% of the total market.
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