Press release
Hearing Implants Market 2020 Share Growing Rapidly With Recent Trends, Development, Revenue, Demand And Forecast To 2023
The Business Research Company
The global hearing implants market is expected to decline from $2.5 billion in 2019 to $2.1 billion in 2020 at a compound annual growth rate (CAGR) of -15.5%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. The market is then expected to recover and grow at a CAGR of 10.5% from 2021 and reach $3.6 billion in 2023.
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The hearing implants devices and equipment market consists of sales of hearing implants. Hearing implants are surgically installed devices aimed to improve the hearing of a person suffering from severe or profound levels of hearing loss.
The surgical procedure for implanting hearing implants are associated with various risks and is expected to restraint the market growth in the future. During the surgery, there are possibilities of facial nerve damage which can lead to complete or partial paralysis on the same side of the face as the implant. Due to this and other complications such as development of meningitis, cerebrospinal fluid leakage, infection and others, people prefer conventional hearing aids over implants.
Hearing Implants Market Segmentation:
By Type
1. Cochlear Implants
2. Middle Ear Implants
3. Bone Conduction Implants
4. Auditory Brainstem Implant
By End User
1. Hospitals
2. ENT clinics
3. Ambulatory Surgical Centres
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Few Points From Table Of Content
1. Executive Summary
2. Hearing Implants Market Characteristics
3. Hearing Implants Market Size And Growth
4. Hearing Implants Market Segmentation
5. Hearing Implants Market Regional And Country Analysis
……
25. Hearing Implants Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Hearing Implants Market
27. Hearing Implants Market Trends And Strategies
28. Hearing Implants Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the hearing implants market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the hearing implants market are Sonova, Advanced Bionics AG, Siemens AG, William Demant Holding Group, Microson S.A
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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