Bone Conduction Hearing Devices Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027 -Sonova Holding, William Demant Holding, GN Store Nord
The Global Bone Conduction Hearing Devices Market Size is Projected to Reach at a CAGR of 12% during 2021-2027.
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The global bone conduction hearing devices market continues to witness positive growth owing to advantages associated with the use of devices in the populace who have an ear infection or missing canal, increasing demand for aesthetically appealing and invisible devices would expect to fuel demand for bone conduction hearing devices over a period of forecast. The market bone conduction hearing devices driven by advancement in technologies in bone conduction hearing devices which provides minimal invasiveness, customization of bone conduction devices and its accessories expected to fuel the market for bone conduction hearing devices over a period of forecast. However, efficacy of bone conduction is not as effective as air conduction and challenges associated with device usages like stable implants attachment, sufficient power, and compatibility with MRI may hamper the growth of the disposable laparoscopic instruments market over a period of forecast.
Top Leading Companies:
Sonova Holding, William Demant Holding, GN Store Nord, Cochlear Limited, Sivantors Pte, Starkey Hearing Tech, Widex, Med-El, Zounds Hearing, Sebotek Hearing Systems
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.
Sonova Holding AG has acquired 7 companies, including 2 in the last 5 years. A total of 3 acquisitions came from private equity firms. Sonova Holding AG’s largest acquisition to date was in 2016 when it acquired AudioNova International B.V. for $935M. Sonova Holding AG has acquired in 1 US state, and 4 countries. The Company’s most targeted sectors include medical products (50%) and electronics (17%). Sonova Holding AG, the world's leading provider of hearing systems, announced today that it has successfully completed its acquisition of InSound Medical Inc., Newark, USA. InSound Medical developed the first extended wear hearing system which is placed deep in the ear canal and totally invisible from the outside, and markets it under the Lyric brand. The total transaction price is made up of two components: an up-front cash consideration of USD 75 million and earn-out payments which depend on the company's financial success going forward. The regulatory approvals needed for the transaction have been obtained. Sonova Holding was founded in 1947 and is based in Stäfa, Switzerland.
Bone Conduction Hearing Devices Market Segmentation by Type:
Traditional Bone Conduction Hearing Aids
Bone Anchored Hearing Aids
Bone Conduction Hearing Devices Market Segmentation by Application:
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North America is Projected to Have Significant Share
North America is projected to have a significant market share among the regions owing to well-established healthcare infrastructure and increasing healthcare expenditure. Furthermore, the growing number of patients with hearing loss and product innovations and launches in the region is projected to boost regional growth. The Asia Pacific region is expected to have a notable growth rate owing to the high adaptation of new technologies. As the major companies are trying to expand to the emerging countries such as India and China, the market studied is gaining benefits due to the same in the Asia-Pacific region. Furthermore, the presence of a large number of patient pool living with hearing loss coupled with growing awareness regarding hearing loss is expected to boost the regional share over the period.
Regional Bone Conduction Hearing Devices Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Bone Conduction Hearing Devices Market Report:
Detailed overview of Bone Conduction Hearing Devices Market
Changing the Bone Conduction Hearing Devices market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Bone Conduction Hearing Devices market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Bone Conduction Hearing Devices Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Bone Conduction Hearing Devices Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Bone Conduction Hearing Devices industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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