openPR Logo
Press release

What future holds for Hearing Implant Market | top players to be benefited: Cochlear Ltd., MED-EL, William Demant Holding A/S, Advanced Bionics AG, Nurotron Biotechnology Co. Ltd

06-12-2019 04:53 PM CET | Health & Medicine

Press release from: Future Market Insights

What future holds for Hearing Implant Market | top players to be benefited: Cochlear Ltd., MED-EL, William Demant Holding A/S, Advanced Bionics AG, Nurotron Biotechnology Co. Ltd

Loss of hearing is becoming a global cause of concern, with not only the geriatric population but also children suffering from hearing disabilities. Early intervention of hearing implants in children is becoming a trend, according to a new research on the hearing implant market published by leading research firm Future Market Insights. Expenditure on hearing impairment is a major liability on the global healthcare sector, and manufacturers of hearing implants are pushed to innovate hearing solutions that can provide accessible hearing care to the global population. Of the various products available in the global hearing implant market, cochlear implants are the most preferred, especially in the case of people with severe loss of hearing where hearing aids do not offer much benefit.

Cochlear implants are recommended for patients whose inner ear sensory cells are severely damaged. These implants directly stimulate the auditory nerve and provide a sensation of sound, enabling patients with severe hearing loss to perceive sounds. Cochlear implants are the best option for enhanced hearing and are finding wide acceptance among the global medical fraternity. A promise of better hearing is boosting the adoption of hearing implants, thereby enhancing revenues in the global market. According to Future Market Insights’ analysis, the global hearing implant market is projected to be valued at about US$ 2 Bn by the end of 2028, up from an estimated US$ 996.2 Mn in 2018. This is indicative of a decadal growth rate of 7.5%.

Download Sample Copy of Report @ www.futuremarketinsights.com/reports/sample/rep-gb-492

Global Unmet Need of Hearing Implants and Technological Advancements in Hearing Solutions Key Opportunity Area for Manufacturers

The global market for hearing implants provides immense opportunities for companies, with the market faced with the need to manufacture affordable and functional hearing implants along with the provision of adequate follow-up services with audiologists. With the current production rate of hearing implants falling short of the global demand – especially when factoring in patients requiring bilateral implants – there is huge growth potential for both existing hearing implant manufacturers as well as new players. Further, considering that there are very few companies manufacturing hearing implants globally, there exists a lucrative revenue opportunity in the global hearing implant market.

Technological advancements in hearing care solutions are boosting global market demand for hearing implants. For instance, laser light technology is being incorporated in a new type of cochlear implants. Regular doctor follow-ups are mandatory post the initial programming of the hearing implant, and to simplify this process, a new remote feature is being developed, which enables patients to have regular follow-up programming sessions with their audiologists as and when required. One of the key players in the global hearing implant market has launched a Bluetooth wireless connectivity enabled device for patients opting for cochlear implants. By connecting to audio processors, this device helps patients acquire better hearing experiences.

Download Methodology of Report @ www.futuremarketinsights.com/askus/rep-gb-492

High Cost Factor and Health Risks Arising from Surgical Procedures Restraining Revenues in the Global Hearing Implant Market

Hearing implants may come at increased prices, based on the functional complexity and extent of technology used. Further, being a surgical intervention, hearing implants result in additional costs such as surgery fees, medication, and hospitalisation costs. Hearing aids on the other hand are relatively cheaper and hence more affordable to all classes of people. High powered hearing aids are fast becoming popular owing to their ease of use and direct manageability by patients. Further, risks and complications arising from hearing implant surgeries is making patients opt for hearing aids. This is expected to restrict revenue growth of the hearing implant market.

The global market for hearing implants is dominated by one company that holds about 55% of the total market revenue. This company manufactures a variety of products including bone conduction implants, middle ear implants, and auditory brainstem implants. This player has recently received FDA approval for remote programming in cochlear implants and is working on approvals and new technologies in hearing implants.

Get Full Report Now @ www.futuremarketinsights.com/checkout/492

Hearing Implants Market Reports - Table of Contents

1. Executive Summary
2. Market Introduction
3. Hearing Implants Market Opportunity Analysis
4. Global Economic Outlook
5. Market Background
6. Key Inclusions
7. North America Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028
8. Western Europe Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028
9. Eastern Europe Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028
10. Latin America Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028
11. Asia Pacific Excluding China & Japan Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028
12. China Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028
13. Japan Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028
14. Middle East and Africa Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028
15. Forecast Factors: Relevance and Impact
16. Forecast Assumptions
17. Market Structure Analysis
18. Competition Analysis
19. Global Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028 By Region
20. Global Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028, By Product Type
21. Global Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028, By End User
22. Global Hearing Implant Market Analysis 2013-2017 and Forecast 2018–2028
23. Assumptions and Acronyms Used
24. Research Methodology

Contact Us
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Website: https:www.futuremarketinsights.com

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What future holds for Hearing Implant Market | top players to be benefited: Cochlear Ltd., MED-EL, William Demant Holding A/S, Advanced Bionics AG, Nurotron Biotechnology Co. Ltd here

News-ID: 1773453 • Views: 172

More Releases from Future Market Insights

Video on Demand Service Market- The Animation segment is Expected to Grow at a h …
A recent market report published by Future Market Insights titled “Video on Demand Service Market: Global Industry Analysis (2014-2016) & Opportunity Assessment (2017-2027)” presents detailed insights and a revised forecast of the global video on demand service market for the period 2017 – 2027. According to the report, the global market for video on demand service was valued at around US$ 53 Mn in 2016, and is expected to register
Smart Home Devices Market- Technological Advancements to Underscore Lucrative Gr …
A new report published by Future Market Insights titled ‘Smart Home Devices Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)’ studies the performance of the global smart home devices market over a 10 year assessment period from 2017 to 2027. The report presents the value forecast of the global smart home devices market and provides key insights on the factors driving market growth as well
Automatic Coffee Machines Market- Technological Advancements to Underscore Lucra …
Growing need to offer quick services in cafés and restaurants has led to surge in demand for automatic coffee machines globally. In addition, surge in demand for technologically enhanced automatic coffee machine is projected to impact the global market growth of automatic coffee positively. Future Market Insights states that the global market of automatic coffee machine is projected to register a CAGR of 6.0% over the forecast period, 2017-2026. Factors Fuelling
Version Control Systems Market- Competitive Analysis by Leading Industry Players …
A new report published by Future Market Insights titled “Version Control Systems Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027)” tracks the details of the global market for a projected period of 10 years, i.e. between 2017 and 2027. According to this report, global sales of version control systems is estimated to be valued at US$ 326.1 Mn in 2017 and is estimated to reach US$ 971.8 Mn by

All 60883 Releases


More Releases for Hearing

2019 Hearing Aid Market– Sivantos, Starkey, Benson Hearing, ReSound Group, Mic …
Researchmoz added Most up-to-date research on "Global Hearing Aid Market Insights, Forecast to 2025" to its huge collection of research reports. Hearing Aid Market report includes (6 Year Forecast 2019-2025) includes Overview, classification, industry value, price, cost and gross profit. It also offers in-intensity insight of the Hearing Aid industry masking all vital parameters along with, Drivers, Market Trends, Market Dynamics, Opportunities, Competitive Landscape, Price and Gross Margin, Hearing Aid market
Global Hearing Implants Market Research
Global Hearing Implants Market Research Cis are electronic therapeutic gadgets that supplant the harmed internal ear. Global Hearing Implants Market Research they sidestep the harmed hair cells of the inward ear and straightforwardly invigorate the sound-related nerve. They are utilized by individuals who are not profited by the utilization of regular listening devices and have serious to-significant hearing misfortune. Get sample copy of report : https://www.marketdensity.com/contact?ref=Sample&reportid=6282 Table of Contents 1 Hearing
Global Hearing Aids Market 2016: Digital hearing aids, Analog hearing aids
A hearing aid is an electronic device that amplifies the sound resulting in the production of clear sound for the user. These are largely deployed for people who suffer from hearing loss and impairment. The global Hearing aids market is gaining popularity owing to the rising technological innovations and increased demand for aesthetic designs of the devices. While the market is considered to be influenced by factors such as technological
HUSH™ by RONCO – Hearing Protection
Superior Hearing Protection without compromising comfort Concord, Ontario March 28, 2016: Hush™ is Ronco’s brand for hearing protection and the name is synonymous with delivering superior hearing protection without compromising comfort of the users. Since the launch in 2014, Hush™ line has grown and now comprise a full range of disposable and reusable ear plugs and earmuffs. 1. Disposable earplugs – These are available in corded, uncorded and metal detectable versions. The metal
Becoming Better Hearing Care Consumers
Thanks to recent updates on the website, Advice On Hearing Aids, hearing aid consumers now have 1,200 pre-approved clinics to choose from. They know before even scheduling a visit what to expect during their hearing test. When they return home, comparisons of hearing aids, from the latest featuring Bluetooth-quality sound to the basic digital device, are a simple click away. “As audiologists and hearing care professionals, we maintain the Advice on
Free Hearing Screenings at Lindenhurst Hearing Center Open House
The newly opened Lindenhurst Hearing Center will provide free hearing screenings at it’s first Open House on Saturday September 17 from 9am to 3pm at their location at 672 North Wellwood Ave., Suite #1. Lindenhurst, NY (OPENPRESS) September 10, 2005 -- Lindenhurst Mayor Thomas A. Brennan will be on hand as well as other local and state officials to take part in a ribbon cutting ceremony scheduled for 10:30am. Free