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Growing Industry of Auditory Brainstem Implant Market is Expected to Rise Massive USD Value till 2025 |Analysis by Top Key Vendors - Cochlear, Med-EL, Oticon Medical, Nurotron
Auditory Brainstem Implant Market
The market for Auditory Brainstem Implant has seen a number of positive developments in recent years and the neuroprosthetic technology may prove to be a viable adjunct for vendors of cochlear implants. While the implantation procedure for Auditory Brainstem Implant is more complicated than for cochlear implants, and functional restoration not as great, the device delivers important benefits to a patient population with unmet needs.
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Global Auditory Brainstem Implant Market: Growth Factors
An Auditory Brainstem Implant is operated on people suffering from profound sensorineural hearing loss. The auditory brainstem implants directly aid in the functioning of the hearing pathway of the brainstem without any interaction with the hearing nerve or inner ear, which involves complex neurosurgery to the brainstem. The major use of this procedure is for the adults diagnosed with neurofibromatosis type 2, a rare genetic disorder that causes the development of tumors on the nerve.
Auditory Brainstem Implant is generally adopted if the patient cannot be benefited from the commonly operated hearing aid or cochlear implants. The cochlear implants cannot be operated in conditions when the hearing nerve is tiny in size or is completely absent, and in some rare cases, the inner ear is severely abnormal. The auditory brain implants market has attained significant advances in recent years. The innovations in neuroprosthetic technology are anticipated to support the cochlear implants' adoption that includes auditory brainstem implants. The auditory brainstem implantation technique is more complicated than the cochlear implantation, but the device provides significant advantages to the patients with some unmet needs. It also benefits hearing loss patients in lip reading along with sound recognition.
Global Auditory Brainstem Implant Market: Segmentation
On the basis of Product Type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Microphone, Decoding Chip, Electrodes. Based on End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Adults, Pediatric
Global Auditory Brainstem Implant Market: Regional Analysis
Asia Pacific was a prominent market for Auditory Brainstem Implants in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Auditory Brainstem Implant market in Asia Pacific.
There are several manufacturers of Auditory Brainstem Implants in Europe and North America. In North America, the demand for Auditory Brainstem Implants is primarily driven by the residential sector. Improved standards of living and rising usage of Auditory Brainstem Implants for flooring purpose are anticipated to drive the market in North America.
Global Auditory Brainstem Implant Market: Competitive Players
Some of the major players that operate in the Global Auditory Brainstem Implant Market are Cochlear Limited, Med-EL, Oticon Medical, Nurotron's Biotechnology Co. Ltd, Sonova Holding AG.
Latest Industry Updates:
Cochlear Limited:- Today advises that the National Institute for Health and Care Excellence (NICE) in England has expanded the criteria that health professionals use when determining who is suitable for a cochlear implant within the National Health Service. The threshold for eligibility has been reduced to equal or greater than 80 dB HL (decibels hearing loss) at two or more frequencies without the use of hearing aids, down from 90 dB HL for children and adults with severe to profound hearing loss.
This important change follows concerted campaigning from advocacy and community associations, healthcare professionals, Cochlear and key groups including the British Academy of Audiology (BAA), the British Society of Audiology (BSA) and the British Cochlear Implant Group (BCIG). Cochlear's CEO & President, Dig Howitt said, "Cochlear welcomes the news as a positive change that will empower more people to benefit from cochlear implant technology, enabling them to live a full and connected life.
"The UK is a Top 5 market for Cochlear with over 900,000 people living with a severe to profound hearing loss.1 The changes are expected to more than double the number of people in the UK who can now access a cochlear implant." "We are pleased that there is a growing recognition of the need to set appropriate criteria for cochlear implants. Today's news follows recent changes in Japan and Taiwan (Greater China) where the expansion of clinical indications and/or reimbursement for cochlear implants has driven growing demand for implants following the changes.
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Global Auditory Brainstem Implant Market: Regional Segment Analysis
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
What Report Provides
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.
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Table of Contents:
Global Auditory Brainstem Implant Market Report 2020
1 Auditory Brainstem Implant Definition
2 Global Auditory Brainstem Implant Market Major Player Share and Market Overview
3 Major Player Auditory Brainstem Implant Business Introduction
4 Global Auditory Brainstem Implant Market Segmentation (Region Level)
5 Global Auditory Brainstem Implant Market Segmentation (Product Type Level)
6 Global Auditory Brainstem Implant Market Segmentation (Industry Level)
7 Global Auditory Brainstem Implant Market Segmentation (Channel Level)
8 Auditory Brainstem Implant Market Forecast 2020-2024
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