Hearing Implants: Global Market Outlook

Report Code: MDS084A

Publish Date: Mar 2023

Publisher: BCC Publishing

Category: Medical Devices And Surgical

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Report Highlights

This report provides a detailed analysis of the hearing implants market. The report highlights the current and future market potential of hearing aids, along with a discussion of the drivers, restraints and challenges in the market. The report also covers market projections through 2027 and market rankings for key market players.

Report Includes

  • A brief general outlook of the global market for hearing implants
  • Analyses of the global market trends, with historic market revenue (sales figures) from 2020-2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the upcoming market potential for hearing implant devices, along with a detailed analysis of the competitive environment, regulatory scenario, and technological advancements
  • Estimation of the actual market size and revenue forecast for hearing implant market in USD million values, and corresponding market share analysis based on type of hearing loss, patient type, and region
  • In-depth information (facts and figures) covering major market drivers, opportunities and challenges estimating the demand, industry trends and regulations, and other macroeconomic factors affecting progress of the hearing implants industry
  • Holistic review of the impact of COVID-19 pandemic on hearing implant market
  • Company profiles of the key market players with detailed information about their business segments, financials, product portfolios, and recent developments

Report Scope

In this report, the market has been segmented based on by product, patient type, type of hearing loss, and geographic region. The report provides an overview of the global hearing implant market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period of 2022-2027. Revenue forecasts for this period are segmented based on product, patient type, type of hearing loss and region. Market values have been estimated based on the total revenues of hearing implant solution providers.

The study includes hearing implants which Hearing aids have been excluded from the study. Hearing aids work on mechanism of sound amplification whereas hearing implants work by bypassing damaged portions of the ear to deliver sound signals to the hearing (auditory) nerve or brainstem; or by vibration through bone.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022-2027
Base year market size $1.8 billion
Market size forecast $2.8 billion
Growth rate CAGR of 7.7% for the forecast period of 2022-2027
Units considered $ Millions
Segments covered product, patient type, type of hearing loss and region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World
Key Market Drivers
  • Rising prevalence of hearing loss
  • Increasing exposure to noise
  • Technological advances
Companies studied
COCHLEAR LTD.DEMANT A/S
ENVOY MEDICALMED-EL MEDICAL ELECTRONICS
MEDTRONICOTOTRONIX LLC.
SONOVA GROUPZHEJIANG NUROTRON BIOTECHNOLOGY CO. LTD.
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Frequently Asked Questions (FAQs)

The global market for hearing implants was valued at $ 1,918.4 million in 2022 and is projected to reach $ 2,782.2 million by the end of 2027 at a CAGR of 7.7%.
The key factors driving the growth of the hearing implant market include the rising prevalence of hearing loss, increasing noise exposure, and technological advancements.
The hearing implant market is segmented based on product, type of hearing loss, patient type, and region.
The adult segment will dominate the market by the end of 2027.
North America holds the highest share of the market.
Key companies in the market include Cochlear Ltd, MED-EL, Sonova, and Demant.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

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Title/Chapter NamePagesMember Price
Full Report: Hearing Implants: Global Market Outlook56Free

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Hearing Implants: Global Market Outlook
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