Press release
Hearing Implants Market Insights on Future Growth Prospects and Industry Trends Analyzed till 2023
The global market of hearing implants is driven by a high incidence of hearing disorders, technological advances in hearing implants, growth in the geriatric population and an increase in the patient's preference for minimally invasive procedures. However, the high cost of these devices slows down this growth (especially in developing countries). It is expected that growth opportunities in the emerging economies of Asia-Pacific and LAMEA will drive market growth during the forecast period.
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The report segments the market according to the product, the application, the end user and geography. According to the product, the market is divided into cochlear implants, auditory systems with bone anchorage (BAHS), auditory implants of the brain stem and implants of the middle ear. Hearing implants find applications for the treatment of severe to profound sensorineural hearing loss, high-frequency sensorineural hearing loss and mild to severe sensorineural hearing loss. The end-user segment is classified into hospitals and clinics, and outpatient surgical centers (ASC).
Geographically, the market is analyzed in North America (USA, Canada and Mexico); Europe (Germany, France, Italy, United Kingdom, Spain and the rest of Europe); Asia-Pacific (China, Japan, Australia, India, South Korea and the rest of Asia-Pacific); and LAMEA (Brazil, South Africa, Saudi Arabia and the rest of LAMEA).
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Major Companies:
• Medtronic plc
• Cochlear Limited
• Sonova Holding AG
• William Demant Holding A/S
• MED-EL
• Sivantos Pte. Ltd.
• GN Store Nord A/S
• IntriCon Corporation
• Starkey Hearing Technologies
Key Benefits of Hearing Implants Market:
•The study provides an in-depth analysis of the market with current trends and future estimates to elucidate imminent investment pockets.
•It offers a quantitative analysis from 2014 to 2022, which is expected to allow interested parties to capitalize on prevailing market opportunities.
•The extensive analysis by product helps to understand the different types of devices used for the treatment of hearing loss.
•A comprehensive analysis of all geographic regions is provided, which helps determine the opportunities that prevail.
•The key players are profiled and their strategies are thoroughly analyzed, which helps to understand the competitive perspectives of the global market.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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