The Infinium Global Research analyzes the Bone Anchored Hearing Aids Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global bone anchored hearing aids market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of bone anchored hearing aids. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the bone anchored hearing aids market during the period. The global bone anchored hearing aids market is projected to grow at a CAGR of 14.6% over the forecast period of 2018-2024.
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A bone-anchored hearing aid (BAHA) is the hearing device that operates on the bone conduction. This is a 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 transmit vibrations to the inner ear through the skull bone.
Rising Consumers Interest in the BAHA over the Conventional Hearing Aids are Some of the Factors Driving Market Growth of Bone-Anchored Hearing Aid
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 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.
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North America Dominates the Market of Bone Anchored Hearing Aids Market
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.
Segments Make up the Bone Anchored Hearing Aids Industry
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 end user the global bone anchored hearing aids market is categorized into pediatrics, adults and geriatrics.
Key Players in the Bone Anchored Hearing Aids Market
The report provides profiles of the companies in the global bone anchored hearing aids market 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.
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- Comprehensive analysis of global as well as regional markets of the bone anchored hearing aids.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.