Audiologists in the US - Market Research Report (2014-2029)

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.