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Audiologists and Hearing Aid Clinics

SIC 8049 & 5999  |  NAICS 621340 & 446199

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

See the following sections listed below to view available resources by category:

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts


Audiologists  (view report)
Hearing Aid Clinics  (view report)
Comprehensive industry 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. Topics addressed in the reports include:
Sample industry research reports and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

American Academy of Audiology
Audiology Today
https://www.audiology.org/

Bimonthly publication features news and information for audiology professionals, with topics covered in various issues of the publication including professional issues, clinical activities, auditory research, practice management, coding, reimbursement, compliance, state issues, licensure and accreditation, and continuing education. Current and prior digital editions of the magazine are available free online.


Academy of Doctors of Audiology
Audiology Practices
http://www.audiologypractices.org/

Quarterly magazine features news and information for audiologists and students who are or desire to
be independent practitioners, with topics covered in various issues including business, diagnosis and treatment, marketing, professional issues, and technology. Selected items from current and archived
issues of the publication are categorized by topic and publication date and can be viewed free online.


ASHA
Audiology Survey Reports
http://www.asha.org/

Comprehensive biennial reports provide detailed information on the audiology profession, with topics covered on in-depth basis in individual reports including annual salaries, hourly wages, clinical focus patterns, private practice, and practitioner demographics. Current and prior survey reports and trend reports that provide comparative results from three or more prior surveys are all available free online.


Medqor LLC
The Hearing Review
https://www.hearingreview.com

Monthly trade journal features news and information for hearing healthcare professionals, with online article categories and topics including practice management, office services, marketing, patient care, health and wellness, prevention, products, industry news, regulation, research, and events. Selected articles categorized by topic and current and prior editions of the publication are available free online.


Grand View Research
Hearing Aids Market
https://www.grandviewresearch.com/

Comprehensive report provides an in-depth analysis of the market for this product sector on a global and regional basis, with data provided for the U.S. including market size and forecasts in unit volume and sales dollars by type (e.g., in-the-ear, receiver-in-the-ear, behind-the-ear, and canal), technology (e.g., analog, digital), and sales channel (e.g., retail sales, government purchases, and e-commerce).


Allied Market Research
Hearing Care Devices Market
https://www.alliedmarketresearch.com/

Market research report provides a detailed analysis of this sector on a global and regional basis, with data provided in the report including market size and forecast by device (e.g., in-the-ear, behind-the- ear, receiver-in-the-ear, canal, implants), technology (e.g., analog, digital), type of hearing loss (e.g., sensorineural, conductive), and end user (e.g., hospital/clinic, homecare, ambulatory surgery center).


BizMiner
Audiologist / Hearing Aid Store Market Analysis
https://www.bizminer.com  Search for "621340" and "446199"

Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.



Financial Statements and Financial Ratios


BizMiner
Industry Financial Ratios
Audiologists / Hearing Aid Stores
https://www.bizminer.com  Search for "621340" and "446199"
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 including:
Sample customizable reports that allow users to compare their company to industry financial ratios on a national and metro area basis are available free online.

IBISWorld
Audiologists / Hearing Aid Clinics
(see links for individual reports)

Financial benchmarking section of these reports provides an analysis of industry profit and expenses as a percentage of the most recent year's revenues for audiology practices and clinics that diagnose, manage, and treat hearing, balance, and ear problems, fit and dispense hearing aids, sell warranties, batteries, and accessories, and provide ongoing cleaning and adjustment services for these devices.



Compensation and Salary Surveys


ASHA
Audiology Survey Reports: Annual Salaries / Hourly Wages
https://www.asha.org/

Biennial salary and wage reports provide compensation data for audiologists by primary employment facility (e.g., colleges, hospitals, franchise, nonresidential health care, industry), primary employment function (e.g., clinician, faculty, administrator, sales), highest degree completed, years of experience, gender, population setting, and geographic region. Current and prior reports are available free online.


U.S. Bureau of Labor Statistics
Offices of Audiologists and Physical, Occupational, and Speech Therapists
https://www.bls.gov/oes/

Annual wage survey provides hourly and annual wage data on a national, state, and local area basis for this healthcare sector which includes occupations employed by audiology practices that diagnose, manage, and treat hearing, balance, and ear problems, fit and dispense hearing aids, sell warranties, batteries, and accessories, and provide ongoing cleaning and adjustment services for these devices.



Business Valuation Resources


BVMarketData
www.bvresources.com
Private company sales transaction data for over 800 industries.



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