The answer is $A(r) = n \frac{\pi^{n/2}}{\Gamma(n/2)}\sinh^{n-1}(r)$ as is given in (3.2) of this paper or in eqn III.4.2 of Riemannian Geometry: A Modern Introduction. However, neither source offers either a derivation of this or a reference as to where to look up a derivation.
I found this stackexchange post that gives a really beautiful derivation in the case of $n=2$ where they derive the surface area (circumference) of the 1-sphere as the limit of a polygon. Can we do something similar in the case of the $(n-1)$-sphere by considering some sort of tiling of the sphere by triangles?