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Audiologists and Audiology Practices

SIC 8049 | NAICS 621340

The following guide to industry analysis, trends, and statistics provides sources for industry news and information, market research reports, financial ratios, salary surveys, and more.

For guides to other industries, see our index.

Industry Analysis, Trends, Statistics, and Forecasts

Audiologists  (view report)
Hearing Aid Clinics  (view report)

Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Market size and characteristics
  • Key statistics and ratios
  • Current performance
  • Operating conditions
  • Competitive landscape
  • Major companies
  • Five-year growth forecast

Academy of Doctors of Audiology
Information resources available from this professional organization include:

Audiology Practices
Quarterly professional journal features news and information for audiologists and other hearing professionals, with topics covered in each issue including business, marketing, professional issues, diagnosis and treatment, advocacy, and technology. Selected feature articles categorized by topic are available online with registration.

Careers In Audiology
Career section provides an overview of the audiology profession, with topics covered including evolution of profession, nature of work, providing rehabilitation services, monitoring and preventing hearing loss, working conditions, employment, educational requirements, and job outlook. All information is accessible free online.

American Speech-Language-Hearing Association
Audiology Survey
Comprehensive biennial report provides detailed information on practitioner demographics, employment, working conditions, salaries and hourly wages, supervision, continuing education, and cultural diversity. Summary report and individual reports covering specific topics from the survey are available online.

Allied Media, LLC
The Hearing Review
Monthly trade journal features news and information for hearing professionals, with topics covered including business management, reimbursement, finance, insurance, and warranties, and special features including periodic practice benchmarking surveys which allows users to compare their performance with other similar practices. Selected articles categorized by topic and digital editions of the magazine are available online.

GIA Research
Audiological Devices
Comprehensive report provides in-depth analysis of the audiological devices market in the U.S. and other countries, with topics covered including product and service overview; market analysis and trends; and historical and forecast sales volume by product segment (e.g., hearings aids, cochlear implants, and measurement and testing devices). Summary description and detailed table of contents are available online.

Financial Ratios and Benchmarking Data

Industry Financial Ratios
Audiologists  Search for "621340"

Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.

  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios

Allied Media, LLC
The Hearing Review
Practice benchmarking surveys allow hearing professionals to compare their firm's financial performance with other similar firms and the industry as a whole, with measures covered including gross revenue, revenue sources, profitability, staffing, and professional compensation. All information is available free online.

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Compensation and Salary Surveys

American Speech-Language-Hearing Association
Audiology Survey - Annual Salaries / Hourly Wages
Biennial salary and wage surveys provide compensation data for audiologists broken out by employment facility, primary employment function, highest degree completed, years of experience, gender, state, population setting, and geographic region. Current and prior year surveys are accessible free online.

U.S. Bureau of Labor Statistics
Occupational Outlook Handbook - Audiologists
Information provided for this occupational category includes a description of the nature of the work and the work environment, number and types of jobs, education and training requirements, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

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Business Valuation Resources

Academy of Doctors of Audiology
Buying and Selling an Audiology Practice
Risk and Reward: The Art and Science of Buying or Selling a Private Practice / risk-and-reward
PowerPoint and video presentations cover key steps and considerations in valuing and buying or selling a practice, with topics covered including how to increase the value of a practice, what to expect during the sales transaction process, and effective negotiating an optimal outcome. Presentations can be viewed free online.

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