$44.7bn
$X.Xbn
255k
14,977
$XX.Xbn
Audiologists experienced massive challenges during COVID-19 (worker shortages, supply chain disruptions, increased wages). And while some industry participants turned to remote services to mute the mounting losses, telemedicine tools could not fully stem the revenue losses of 2020 that carried into 2021. However, 2022 brought a rebound as wages stabilized and Medicare and Medicaid funding volatility was counterbalanced by an uptick in overall health expenditures and per capita disposable income. Growth continued for the remainder of the period, with industry-wide revenue expected to grow at a CAGR of 0.9% through 2024 and reach $44.7 billion in 2024 when revenue will jump by an estimated 1.1% in 2024 alone.
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $44.7bn in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Audiologists in the US industry for IBISWorld to include in this product.
Audiologists in the US
Industry revenue is measured across several distinct product and services lines, including Diagnose hearing or balance problems, Vertigo treatment and Prescribe and fit hearing aids. Diagnose hearing or balance problems is the largest segment of the Audiologists in the US.
Voices for tinnitus treatments getting louder
Operators in this industry are certified, licensed professionals who have obtained a master's degree or doctoral degree in the field of audiology (AuD or PhD). They are specially trained to diagnose and treat hearing and balance disorders, including diagnosing the type and degree of hearing loss. Audiologists can also prescribe and fit hearing aids and assistive listening devices.
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NAICS 621111 - Audiologists in the US
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Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Audiologists in the US industry in United States is $44.7bn in 2024.
There are 14,977 businesses in the Audiologists in the US industry in United States, which has grown at a CAGR of 2.0 % between 2019 and 2024.
The market size of the Audiologists in the US industry in United States has been growing at a CAGR of 0.9 % between 2019 and 2024.
Over the next five years, the Audiologists in the US industry in United States is expected to grow.
Diagnose hearing loss or balance problems and Vertigo treatment are part of the Audiologists in the US industry.
The level of competition is moderate and steady in the Audiologists in the US industry in United States.