What is Bone Conduction Implants?
Bone conduction implants are medical devices that conduct sound through bone conduction implants by using the natural ability of the human body. Bone conduction implants are generally used by individuals affected by conductive hearing loss, mixed hearing, or single-side deafness. Different kinds of bone conduction implants devices (BCDs) are available for hearing rehabilitation. Hearing loss can result from certain infectious diseases, exposure to excessive noise, genetic causes, chronic ear infections or complications at birth. Also, problems associated with hearing is one of the major issues faced by the elderly population (people aged 60 years or above).
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Sonova Holding (Switzerland), Willam Demant Holdings (Denmark), Sivantos (Singapore), Starkey (United States), Benson Hearing (United States), GN Group (Denmark), MicroTech (United States), Widex (Denmark) and AGX Hearing (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Skin Drive Devices (Conventional Devices and Passive transcutaneous devices) and direct drive devices (percutaneous devices and active transcutaneous devices)) , by application (Conductive Hearing Loss, Single-Sided Deafness and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bone Conduction Implants market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Bone Conduction Implants market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Sonova Holding (Switzerland), Willam Demant Holdings (Denmark), Sivantos (Singapore), Starkey (United States), Benson Hearing (United States), GN Group (Denmark), MicroTech (United States), Widex (Denmark) and AGX Hearing (United States).
Market Overview:
On 27th April 2022, Cochlear Limited, a global leader in implantable hearing solutions, has agreed to acquire Oticon Medical for DKK850 million (approximately AUD170 million), following Demant's decision to exit the hearing implant business. As part of the transaction, Cochlear has committed to providing ongoing support for Oticon Medical's base of more than 75,000 hearing implant recipients, which includes cochlear and acoustic implants.
The global market is fragmented by the global players increasing healthcare and medical aid requirements for the patients who are at hearing loss. The enhancement in devices, integration of software, for ease of treatments in order to ease the operations can fetch a bigger market share to a highly competitive market.
Bone Conduction Implants Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing incidence of disabling hearing loss
- Growing elderly population
- Increasing prevalence of chronic ear infections
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Major Trends | - Wide availability of technologically advanced products
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Restraints | |
Road Blocks / Challenges | |
Gaps & Opportunities | - Increasing prevalence of hearing loss among children and elderly people and presence of key market players
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Key highlights of the Global Bone Conduction Implants market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Bone Conduction Implants market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Bone Conduction Implants market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Bone Conduction Implants Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bone Conduction Implants market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Bone Conduction Implants market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Bone Conduction Implants Manufacturer, Distributor/Supplier, Component Manufacturer, Healthcare Firm, Research Institutes and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.