Global Bone Conduction Implants Market
Market Outline: Global Bone Conduction Implants Market
Bone conduction implants are the suitable devices for the people who cannot hear and wear the conventional hearing devices. These are generally used by the individuals affected by conductive hearing loss, mixed hearing and single sided deafness. These devices work by carrying sound through skull bone and the process is called as Bone conduction. The bone bridge is the world’s first active bone conduction implant in the market. Bone Bridge is an innovative bone conduction implant, transmits sound waves via cranial bone directly into the inner ear, where they are perceived as natural sound. These implants are completely invisible under the intact skin.
Market Dynamics: Global Bone Conduction Implants Market
Rise in incidence of disabling hearing loss, deafness, ear infections or missing canal, growing elderly population are major concerns that impel the Global Bone Conduction Implants Market. Moreover, advanced technology developments in bone conduction implants that provides minimal invasiveness and customization of bone conduction implants are the major factors that drive the Global Bone Conduction Implants Market over the forecast timeframe. However, efficacy of the bone conduction is not as effective as air condition and challenges associated with device used like stable implants attachment, sufficient power and compatibility with MRI are anticipated to hinder the growth of Global Bone Conduction Implants Market.
Market Scope: Global Bone Conduction Implants Market
Global Bone Conduction Implants Market is segmented based on product type, implant type, application type, and end user
Based on the product type, the market is segmented into the following:
- Direct Drive Devices
- Conventional Head Bands Or Eyeglasses
- Passive Transcutaneous Implant Magnet
- Skin Drive Devices
- Percutaneous BAHA
- Active Transcutaneous Implanted Transducer
- In The Mouth
Based on the Implant type, the market is segmented into the following:
- Active Implants
- Passive Implants
Based on the Application type, the market is segmented into the following:
- Conductive Hearing Loss
- Single Sided Deafness
Based on the end user, the market is segmented into the following:
- Specialty Clinics
- Rest of Europe
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- South Africa
- Rest of MEA
Regional Analysis: Global Bone Conduction Implants Market
Geographically, Global Bone Conduction Implants Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America Bone Conduction Implants Market is rising due to increase in the prevalence of ear infections and adoption and increased demand for aesthetic hearing implants are expected to witness the growth of the market. Europe Bone Conduction Implants Market has a lucrative growth attributed to rise in awareness about the advanced technology among the people and increase in healthcare expenditure bolster the market. However, the growth rate is rise in Asia Pacific Bone Conduction Implants Market due to large population, rise in prevalence of ear infections and other chronic problems are expected to upsurge the revenue of market.
Competition Assessment: Global Bone Conduction Implants Market
Some of the players in the Global Bone Conduction Implants Market include:
- Cochlear Ltd.
- Medtronic plc.
- Siemens Healthineers
- Oticon Medical AB
- William Demant Holding A/S
Notable Market Developments: Global Bone Conduction Implants Market
- In July 2018, MED-EL U.S. has announced that FDA has granted de novo clearance for the BONEBRIDGE bone conduction implant system for individuals 12 years and older who have been diagnosed with conductive hearing loss, mixed hearing loss or single sided deafness.