A recent report published by Infinium Global Research on bone-anchored hearing aids market provides an in-depth analysis of segments and sub-segments in global as well as regional bone-anchored hearing aids market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional bone-anchored hearing aids market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global bone-anchored hearing aids market. According to the report, the global bone-anchored hearing aids market is projected to grow at a CAGR of 14.6% over the forecast period of 2018-2024.
A bone-anchored hearing aid (BAHA) is the hearing device which operates on the bone conduction. This is surgically implemented a system to treat the hearing loss with the help of vibrations. The bone-anchored hearing aid is suitable for conductive hearing losses, single-sided deafness, and unilateral hearing losses. The hearing losses can occur when sound is unable to reach the inner ear. In bone-anchored hearing aid, a steel spring attached over the patient’s head collects the sound waves as a conventional hearing aid but instead of conveying sound waves, it transmits vibrations to the inner ear through the skull bone.
According to the WHO, around 466 million people are suffering from hearing losses and among that 34 million are children. The prevalence of the hearing losses among the children’s and the older are rising which creates the demand for bone-anchored hearing aid (BAHA) worldwide. In addition, the geriatric population, ongoing technological advancements, rising consumers interest in the BAHA over the conventional hearing aids are some of the factors driving the market growth of bone-anchored hearing aid.
Meanwhile, in the bone-anchored hearing aid, the sound quality is deficient due to the sound energy is lost during the transmission process. Also, it has some disadvantages such as discomfort and the pain which is hampering the market growth. Moreover, to improve the sound quality the companies are focusing on the adoption of digital hearing aids and other new advanced technologies which are likely to create several opportunities in upcoming years.
Among the regions, North America dominates the market of bone-anchored hearing aid owing to the wide use of bone anchored hearing technologies in this region. Europe is the second largest region in the bone-anchored hearing aid market and the Asia-Pacific is the fastest growing region due to rapidly growing geriatric populations in this region.
The report on global bone-anchored hearing aids market covers segments such as raw material, application, and end user. On the basis of raw material, the global bone-anchored hearing aids market is categorized into titanium alloy, ceramics composites, and others. On the basis of application, the global bone-anchored hearing aids market is categorized into sensorineural hearing loss, mixed hearing loss, conductive hearing loss, and single-sided deafness. On the basis of the end user, the global bone-anchored hearing aids market is categorized into pediatrics, adults, and geriatrics.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global bone-anchored hearing aids markets such as Siemens AG, Sonova Holding AG, GN ReSound, Sonic Innovations, Inc., Cochlear Ltd., Starkey Hearing Technologies, Oticon A/S, Bernafon AG, Natus Medical Incorporated and William Demant Holding.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global bone-anchored hearing aids market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bone-anchored hearing aids market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the bone-anchored hearing aids market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the bone-anchored hearing aids market to understand the present and future trends in this market and formulate their strategies accordingly.