Bionic Ears Market Size and Growth Rate:

“The Global Bionic Ears Market was valued at US$ 17,563.2 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to the increasing prevalence of hearing disorders”

Bionic Ears Market Growth Drivers and Restraints:

The global bionic ears market was valued at US$ 17,563.2 Mn in 2018 and growing at a CAGR of XX% over the forecast period owing to increasing number of geriatric population across the globe coupled with the increasing prevalence of geriatric disorders drives the growth of the market over the forecast period. In addition, advancements in novel technology for the development of new products of bionic ears and strategic collaboration with the research institutes by the market players to improve the bionic ears performance and function of hearing nerves. Moreover, growing awareness and better diagnostic services to identify the problem, number of cases are being listed among newborn children. As per WHO, more than 360 Mn people are affected by loss of hearing disability globally. Loss of hearing is one of the leading global disorder. According to the Royal National Institute for Deaf People (RNID), the prevalence rate of hearing disorder is growing with the age, which is affecting about 70% of people over 70 and 42% people over 50. However, the factors, such as the fear of device malfunction and its consequences, among others, may affect the growth of the market.

Browse More Insights of the report @ https://www.precisionbusinessinsights.com/market-reports/global-bionic-ears-market/

Cochlear Implants segment accounted for higher revenue share

Based on device type, global bionic ears market segmented into Bone Anchored Hearing Aids and Cochlear Implant. Cochlear implants market is expected to dominate the bionic ears market over the forecast period owing to due to the growing number of organ-failure patient population, as well as the rising number of patients who are choosing for organ transplants across the globe. According to the US Government Information on Organ Donation and Transplantation, in 2017, there were 16,473 donors, 34,770 transplants, and 115,759 in the waiting list. Therefore, the rising transplant waiting list cases are likely to surge the market growth.
North America holds leading position in Global Bionic Ears Market

PBI’s global bionic ears market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to the upgraded diagnostic facilities and rise in awareness between the people about hearing disorders in this region. Europe and Asia-Pacific expected to grow with significant CAGR owing to the large patient population, immense advancements in technology in bionic ears, and rise in income of the individuals. Countries such as China, Japan, and India in Asia Pacific and Germany, the U.K., Italy, Spain, and France in Europe are at the forefront of the market growth in these regions.
Recent Developments in the Global Bionic Ears Market

 In July 2017, Cochlear Limited introduced Cochlear Nucleus 7 Sound Processor into the U.S. market and it was by U.S. FDA
 In August 2015, Advanced Bionics (AB), a subsidiary of Switzerland-based Sonova received the U.S.FDA approval for Naída CI Q90 and Q30 sound processors.

Key Player Analysis of Bionic Ears Market:

Key player’s profiles in the report are Sivantos Pvt. Ltd. (South Korea), Cochlear Ltd. (Australia), William Demant Holdings (Denmark), Terumo Corporation (Japan), EKSO Bionics (U.S), Advanced Bionics AG (Switzerland), Sonova (Switzerland), MED-EL (Austria), LifeNet Health (U.S), Össur (U.S)., Nano Retina Inc.(Israel).

Avail Sample of the report for more information @ https://www.precisionbusinessinsights.com/request-sample?product_id=16213

Detailed Segmentation of Bionic Ears Market:

By Device Type
o Bone Anchored Hearing Aids
o Cochlear Implant

By End User
o Hospital
o Clinics
o Research Institutes

Geography

o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
About Us:

Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights.

Contact Us:

Shreya Paul
Senior Business Development Executive
Email @ [email protected]
Call @ +1-866-598-1553
Precision Business Insights