Global Hearing Implants Market 2018-2022

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Global hearing implants industry overview

The increasing prevalence of hearing loss is one of the primary factors that will trigger the growth of the hearing implants market in the coming years. Developed and developing nations across the world are witnessing an increase in the prevalence of hearing loss. As of 2016, more than 350 million people are suffering from hearing loss globally and this number is estimated to increase three-fold by 2050. The older adult population is growing at a fast-pace due to the increasing average life expectancy. Age-related changes in the inner ear leading to hearing the loss in the older adult population. It has been estimated that 35% of people aged 65 years and above are by disabled hearing loss worldwide. According to hearing implants industry analysis, the hearing implants market will grow steadily at a CAGR close to 10% by 2022.

The increasing focus on emerging markets is one of the key trends that will positively impact the hearing implants market. According to the hearing implants industry forecast, emerging countries such as Brazil, Mexico, India, and China have a wide scope for marketing of hearing implants. There is a high prevalence of hearing loss and low adoption of hearing implants in APAC and Sub-Saharan Africa. Thus, the region offers huge growth potential for the market which can be leveraged by increasing awareness of the benefits of hearing implants. In addition, increasing healthcare expenditure, and the development of technologically advanced hearing implants will lead to the growth of the market over the forecast period.

Top hearing implants companies covered in this market research report

The hearing implants market is highly concentrated. Companies are focusing on developing innovative hearing implants with improved patient comfort. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this hearing implants industry analysis report will help the clients to assess the market potential and form effective business strategies to strengthen their position in the market.

The report offers a complete analysis of various companies including:

• Cochlear
• MED-EL
• Sonova
• William Demant

Hearing implants market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for companies, the Americas is the largest and fastest growing market in the global hearing implants market. This can be attributed to the easy access to technologically advanced product sowing to advanced healthcare infrastructure, increased healthcare expenditure, and a strong market presence of key vendors.

Hearing implants market segmentation based on product type

• Cochlear implants
• BAHA
• Others

The cochlear implants segment will account for the highest hearing implants market share during the forecast period. This can be attributed to several factors such as continuous technological innovations, growing older adult population, and increasing adoption of cochlear implants in emerging markets. Additionally, the report also provides an accurate prediction of the contribution of the all various segments to the growth of the hearing implants market size.

Key highlights of the global hearing implants market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the hearing implants market during the next five years
• Precise estimation of the global hearing implants market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the hearing implants industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of hearing implants companies

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