DelveInsight’s “Hearing Implants Market Insights, Competitive Landscape and Market Forecast-2026” report delivers an in-depth understanding of the Hearing Implants, historical and forecasted epidemiology as well as the Hearing Implants market trends in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan.
Recent developmental activities in Hearing Implants market
- According to DelveInsight, the global Hearing Implants market will increase at a CAGR of 7.38 percent during the forecasted period from 2021 to 2026.
- In June 2021, Oticon received FDA pre-market approval (PMA) for its Neuro Cochlear implant system indicated to treat severe to profound sensorineural hearing loss.
- In March 2021, Cochlear received FDA clearance for Baha 6 Max, the industry’s smallest 55 dB sound processor with direct android streaming.
- In July 2020, Cochlear received FDA approval for three new products in its arena of hearing technology solutions. The approved products are Kanso® 2 Sound Processor, Nucleus® 7 Sound Processor for Nucleus 22 Implant recipients, and Custom Sound® Pro fitting software.
- In December 2020, Sonova Holding AG acquired a 3.7% ownership stake in Sensorion, a clinical-stage biotechnology company that specializes in the development of novel therapies to restore, treat and prevent within the field of hearing loss disorders.
Hearing Implants Overview
A hearing implant is a small, complex electronic device that can help to provide a sense of sound to a person whts behind the ear and a second portion that is surgically placed under the skin (see figure).
An implant has the following parts:
- A microphone, which picks up sound from the environment.
- A speech processor, which selects and arranges sounds picked up by the microphone.
- A transmitter and receiver/stimulator, which receive signals from the speech processor and convert them into electric impulses.
- An electrode array, which is a group of electrodes that collects the impulses from the stimulator and sends them to different regions of the auditory nerve.
An implant does not restore normal hearing. Instead, it can give a deaf person a useful representation of sounds in the environment and help him or her to understand speech.
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Geography Wise- Hearing Implants Market Analysis
The Hearing Implants market is analyzed geographically for North America, Europe, Asia-Pacific, and the Rest of the World. Among all the regions, Europe is expected to occupy a major share in the overall hearing implants market during the forecasted period. This domination is due to the growing cases of hearing loss in the region. According to the numbers released by the European Federation of Hard of Hearing People in the year 2021, an estimated 52 million Europeans suffer from hearing disabilities ranging from mild hearing loss to profoundly deafness. Thus, the escalating population suffering from mild to severe hearing disability in the region could be a potential factor for raising the hearing implant market in the region. Moreover, the presence of leading manufacturers such as MED-EL Medical Electronics, Sonova, and Demant A/S, among others in the region holding the major share of the market is also expected to bolster the market for hearing implants.
Segmentation
By Product Type
- Cochlear Implants
- Middle Ear Implants
- Bone Conduction Implants
- Auditory Brainstem Implants
By Processor Type
- Behind The Ear Processor
- Body-Worn Processor
By Application
- Conductive Hearing Loss
- Mixed Hearing Loss
- Sensorineural Hearing Loss
By End-User
- Hospitals
- Ent Clinics
- And Others
By Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
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Hearing Implants Segment Analysis
In the hearing implants product segment, the cochlear implants segment is projected to hold the largest market share during the forthcoming years. The rise in the adoption of cochlear implants by the population across the globe is one of the key factors contributing to the segment growth. According to the National Institute on Deafness and Other Communication Disorders 2021 data, approximately 736,900 cochlear implants were implanted worldwide by the end of the year 2019. Cochlear implants are widely preferred by the target population as they are cost-effective and are available in both unilateral and bilateral fitting types. Additionally, an increase in approval of a variety of cochlear implants is also anticipated to augment the cochlear implant market growth. For instance, in March 2020, Cochlear Ltd. received FDA approval for its Nucleus 24 Cochlear Implant System intended to provide hearing to patients 9 months of age and older.
Impact of Covid-19 on Hearing Implants Market
The unprecedented outbreak of the COVID-19 pandemic has slowed down the market growth for hearing implants. This is because, with the rise of COVID-19 cases, the government across the globe implemented various safety measures such as lockdown and stringent guidelines which disrupted the supply chain of hearing implants internationally. Hearing implants are surgically placed inside the ear. Therefore, the cancellation of elective surgeries in the hospital during the pandemic situation to prevent the transmission of the disease among the patients as most of the population receiving hearing implants belong to the old age group also impacted the hearing implants market. However, due to the launch of vaccines, the post-pandemic situation of the market is expected to gain normalcy as manufacturers have increased their manufacturing capabilities along with hospitals resuming elective surgical procedures.
Hearing Implants Market Scope
Study Period: 2018-2026
Key Companies: MED-EL Medical Electronics., Sonova, Demant A/S, Medtronic, Cochlear Limited, Envoy Medical., Ototronix, TODOC Co., Ltd., and others.
Segmentation: By Product Type, By Processor Type, By Application, By End-User, By geography
Geography Covered: North America, Europe, Asia- Pacific, Rest of the World (Middle East, Africa, and South America)
Table of Contents
- Hearing implants Market Report Introduction
- Hearing implants Market Executive summary
- Regulatory and Patent Analysis
- Hearing implants Market Key factors analysis
- Hearing implants Porter’s Five Forces Analysis
- COVID-19 Impact Analysis on Hearing implants Market
- Hearing implants Market layout
- Hearing implants Global Company Share Analysis – Key 2-3 Companies
- Hearing implants Company and Product Profiles
- Project Approach
- KOL Views
- DelveInsight Capabilities
- Disclaimer
- About DelveInsight
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