Press release
Bone Conduction Hearing Aids Market 2021 Boosting the Healthcare Industry Worldwide | Cochlear Limited, Oticon Medical, Medtronic plc, MED-EL and BHM-Tech Produktionsgesellschaft mbH among others.
The major factors driving the studied market includes technological advancements, high incidence of hearing loss in the older population. In the healthcare industry, the evolution of technology has been significant, primarily with respect to hearing aid devices. Many people are not aware about the changes and advancements in hearing aid devices. Currently, these devices can meet the various needs of people with hearing impairment, while providing comfort. The rising demand for minimally invasive hearing devices coupled with growing awareness regarding the availability of bone conduction hearing aids is expected to fuel the market growth over the future. Moreover, the bone conduction hearing aid provides good sound quality and lesser chances of infection compared to other hearing aid devices. However, the high cost of the devices and disadvantages such as discomfort and pain in a few cases may hamper market growth.The bone conduction hearing aids market is poised to grow at a CAGR of 13% during the forecast period.
The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Bone Conduction Hearing Aids Market on the basis of stating current situation of the industry in 2021.
This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It offers critical information pertaining to the current and future growth of the market.
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The following Companies are covered
Cochlear Limited, Oticon Medical, Medtronic plc, MED-EL and BHM-Tech Produktionsgesellschaft mbH among others.
Recent Developments
In September 2021, Oticon Medical announced the launch of Ponto 5 Mini. With its revolutionary approach to feedback, this new sound processor takes the open sound experience, first introduced with the groundbreaking OpenSound Navigator to change bone anchored hearing aid users experience.
In March 2021, Cochlear Limited announced that U.S. Food and Drug Administration (FDA) clearance of the new Cochlear Baha 6 Max bone conduction sound processor, designed to improve hearing outcomes for people with SSD (single-sided deafness), conductive or mixed hearing loss.
Overview
Bone conduction hearing aids are alternatives for the traditional hearing aid for the patients who have problems with outer/middle ears. This device works by conducting the sound waves directly to the cochlea through ear bone. This report covers come conduction hearing systems along with sound processors and accessories.
The Main objectives of this report are:
To analyze global Bone Conduction Hearing Aids status, future forecast, growth opportunity, key market and key players.
• To present the Bone Conduction Hearing Aids development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.
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The research includes historic data from 2015 to 2021 and forecasts until 2028 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Key Market Trends
Bone Anchored Hearing Aids are Projected to Grow at a Healthy Rate
The bone-anchored Hearing Aid (BAHA) is a surgically implanted device designed to help people with hearing loss and bypass particular problems by sending sound vibration directly to the inner ear through the skull bone. These work best for people who have at least one inner ear that functions normally. The prevalence of hearing loss among the older population is growing and leading to the high demand for adult bone-anchored hearing aids. Furthermore, growing awareness and advancements in technology in the diagnosis of hearing loss in infants and children is expected to boost the child/pediatric bone conduction hearing aids segment growth.
The growth in healthcare infrastructure around the world and rising spending on healthcare are fuelling the adaptation of new technologies which is boosting the market growth.
The new innovations in bone conduction such as ease of use, noise reduction and increase in durability changing the phase of bone conduction hearing aids and further fuelling the market growth in the near future.
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Furthermore, this study will help to solve the following issues:
Cyclical Dynamics-Report foresee dynamics of industries by using core analytical and unconventional market research approaches.
• Identifying key cannibalizes– Strong substitute of a product or service is the most prominent threat. Report includes key cannibalizes of a market, by procuring market research. This helps in aligning new product development/launch strategies in advance.
• Spotting emerging trends- Report helps to spot upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by a particular emerging trend.
• Interrelated opportunities- This report will allow to make decisions based on data, thereby increasing the chances that the strategies will perform better.
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Riaana Singh
(Report Consultant)
sales@reportconsultant.com | www.reportconsultant.com
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