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1652 E Booker Dairy Rd Smithfield NC 27577

Audiology Outlook

Why Frachise?

The economic outlook for the field of private practice audiology is strong…and getting stronger. A rapidly aging society, rising demand for medical care, advancements in technology, increased awareness of personal health and the continued uptick in the number of people willing to use all types of technology are all reasons that private audiology practices are here to stay.


The Baby Boomer Generation, the second largest generation in the US, is aging and, as such, will need audiological services in ever-increasing numbers. This generation is also the wealthiest in US history. Unfortunately, hearing aids are not covered by insurance, so patients with more disposable income are more likely to seek treatment.


Universities are graduating fewer audiologists than are retiring each year. This represents a huge opportunity for providers who open their own practice. More and more people will need hearing help in the near future and there are less audiologists to see them. Opening a Coates Hearing Clinic franchise will give you the ability to be a part of the solution, helping patients with their hearing and balance needs through research-backed, world-class audiological care. Help us fill this ever-growing need for hearing healthcare!

Audiology Outlook

The number of people 60 and older will double by the year 2050. Presbycusis is one of the most common health issues in older adults, making audiologists essential in addressing this growing need (Windmill & Freeman, 2013)

Hearing aid usage is expected to grow substantially due to population aging. By 2050, the number of people with hearing loss is projected to increase by 56.1%, despite stable age-standardized prevalence (Kaloyan et al., 2021).

Awareness about the impact of hearing loss on overall health, including cognitive decline and social isolation, is rising. Public health campaigns and research linking untreated hearing loss to conditions such as dementia are encouraging more people to seek audiological care earlier, expanding the client base for audiologists (Gilligan & Weinstein, 2014).

Subsidies and improved access through health programs can substantially increase adoption. Studies show that full governmental support could boost market penetration by 35% (Amlani, 2006).

Private practice encourages entrepreneurial approaches and innovation in service delivery. Audiologists can explore creative solutions, such as implementing e-commerce platforms or incorporating new technologies, without institutional constraints (Antonites & Ross, 2013).

Studies indicate that private practice audiologists report higher levels of professional satisfaction compared to those in other practice settings, due to the ability to shape their working environment and achieve better work-life balance (Saccone & Steiger, 2012).

Owning a private practice franchise allows audiologists to have control over their clinical and business decisions. This autonomy ensures that they can design their services to align with personal and professional goals, creating a unique patient care model (Gnewikow et al., 2009).