Acoustic neuroma, also known as vestibular schwannoma, is a slow-growing, benign tumor that develops on the vestibulocochlear nerve, which controls hearing and balance. As it enlarges, the tumor can compress surrounding structures, leading to progressive hearing loss, balance disturbances, and neurological symptoms. While typically noncancerous, untreated acoustic neuromas can significantly affect quality of life and, in severe cases, cause life-threatening complications due to brainstem compression.