Bone Anchored Hearing Aids Market Poised to Grow at a CAGR of 14.6% by 2024
Infinium Global Research has added a new report on Bone Anchored Hearing Aids Market. The report presents analysis of global as well as regional markets of bone anchored hearing aids market over the period of 2016 to 2024. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global bone anchored hearing aids market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for 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 system to treat the hearing loss with the help of vibrations. The bone-anchored hearing aid is suitable for the 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 transmit 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 of 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 market growth of bone-anchored hearing aid.
Meanwhile, in 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 fastest growing region due to rapidly growing geriatric populations in this region
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The recent report identified that dominated the global bone anchored hearing aids market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the bone anchored hearing aids market worldwide.
The report segments the global bone anchored hearing aids market on the basis of Raw Material, Application and End User.
Global Bone Anchored Hearing Aids Market by Raw Material
· Titanium Alloy
· Ceramics Composites
Global Bone Anchored Hearing Aids Market by Application
· Sensorineural Hearing Loss
· Mixed Hearing Loss
· Conductive Hearing Loss
· Single Sided Deafness
Global Bone Anchored Hearing Aids Market by End User
Companies Profiled in the Report
· Siemens AG
· Sonova Holding AG
· GN ReSound,
· Sonic Innovations, Inc.
· Cochlear Ltd.
· Starkey Hearing Technologies,
· Oticon A/S
· Bernafon AG
· Natus Medical Incorporated
· William Demant Holding
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