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The global bone anchored hearing aids market is projected to grow at a CAGR of 13% during the forecast period of 2024-2032. The market is being driven by the rising incidences of hearing loss issues among the geriatric population.
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Bone-anchored hearing aids is a hearing device that operates on the bone conduction. It functions by fastening a steel spring above the patient's head that uses vibrations to treat hearing loss by the direct transmission of sounds through the bone to the inner ear. It is used to treat sensorineural hearing loss, conductive hearing loss, mixed hearing loss, and single sided deafness. The end-uses of the product are:
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The EMR report looks into the regional markets of bone-anchored hearing aids like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The market for bone anchored hearing aids is being driven by the rising demand for custom hearing aids and enhanced technological developments such as aesthetic hearing aids. North America is the leading market due to the high demand for bone anchored hearing technologies. Europe, followed by the Asia Pacific, is the emerging market for the product owing to the growing geriatric population in the region.
The presence of substitutes in the market such as cochlear implants, hearing aids, and auditory brain stem implants are providing a rough competition to the global bone anchored hearing aids industry. The side effects, such as osseointegration failure, chronic infection, and skin irritation, caused by the application of the product might further hinder the growth of the industry.
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The report presents a detailed analysis of the following key players in the global market for bone anchored hearing aids, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by End Use |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global bone anchored hearing aids market is projected to grow at a CAGR of nearly 13% in the forecast period of 2024-2032.
The major drivers of the industry include rising disposable incomes, increasing population, rising demand for custom hearing aids, and enhanced technological developments such as aesthetic hearing aids.
The rising incidences of hearing loss amongst the geriatrics is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.
The leading end use sectors of bone anchored hearing aids in the industry are paediatrics, adults, and geriatrics.
The significant application segments of the product include sensorineural hearing loss, conductive hearing loss, mixed hearing loss, and single sided deafness.
The leading players in the market are Oticon Medical A/S., Cochlear Ltd., Medtronic plc, MED-EL Elektromedizinische Geräte GmbH, GN Hearing A/S., among others.
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