Hearing Implant Market Driven by Growing Adoption of Cochlear Implants

In the wake of people being bedeviled by the hearing loss and hearing aids becoming futile, prosthetic devices such as hearing implants have gained traction. Surging investments by researchers and scientists to ameliorate the hearing implants and rampant hearing loss cases are projected to bolster the market. Besides, implantation in children is also set to boost the hearing implant market. Predominantly, presence of merely three manufacturers might give new players opportunities to invest in the market. These assimilations are according to the report titled, “Hearing Implant Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been recently added to the repository of Market Research Hub (MRH). According to the study, cochlear implant segment is set to underpin hearing implant market as the value of the former is projected to soar by USD 1,746.5 million in 2028. The application of hearing implants needs surgical procedures with post-implantation therapies. Furthermore, hearing implants have been spurred by the policy of reimbursement for surgery as some of the insurance companies provide total reimbursement and some reimburse 50% which depends upon regulations and regions. Moreover, growing geriatric demography and advent of sophisticated technologies will assist patients in speech recognition.

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Hearing Implant Market: Report Synopsis

The report furnishes an exhaustive assessment on the hearing implant market. Further, the report delves into the drivers responsible for the augmentation of hearing implant market and restraints for the market. Moreover, the report gives insights on the trends and opportunities of the market.

The report also includes the segmentation of the market to provide a coherent view of the market. The market is segmented on the basis of product type and end-users. On the basis of product type, the market has been segmented into Cochlear implants, middle ear implants, bone conduction implants and auditory brainstem implant. With regards to end-users, the market is segmented into Hospitals, ENT clinics and ambulatory surgical centers.

The report begins with the executive summary followed by market taxonomy and definition. The report does a thorough analysis of the macro-economic factors and opportunity analysis. The next section incorporates segmentations which gives an overview on the hearing implant market. The final section includes competitive analysis with the dashboard view assessing the product portfolio and major differentiators. Some of the major companies in the hearing implant market are William Demant Holding A/S, Advanced Bionics AG, Nuroton Biotechnology Co. Ltd., to name a few.

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Hearing Implant Market: Research Methodology

A thorough research methodology has been adopted with respect to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts. One of the unique features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market.

The secondary research embodies company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with an unbiased report, a panel of expert analyzes the data collected from various sources.

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This release was published on openPR.