The bone-anchored hearing aids market is anticipated to grow at a CAGR of 5.8 % during the forecast period (2022-2028). A bone-anchored hearing aid (BAHA) is a surgically implanted hearing aid that is used to treat various forms of hearing loss. It features a titanium screw fixed to the mastoid bone behind the ear that is coupled to a tiny detachable sound processor through an abutment that directs sound to the inner ear, bypassing skin resistance and subcutaneous tissues. When compared to traditional hearing aids, it gives improved sound quality and comfort. It does not cause skin irritation, consumes less energy, minimizes auditory discharge, and is gaining popularity among children and people with single-sided deafness and conductive or mixed hearing loss across the globe. The expanding elderly population is the primary factor driving market growth as the chance of getting hearing impairment grows with age. Furthermore, the rising prevalence of hearing loss in children, along with the high risk of surgery, is driving up demand for soft band BAHA, which provides a non-surgical treatment for a limited time.
The global bone anchored hearing aids market is segmented based on the raw material, hearing loss type, and end-user. Based on the raw material, the market is sub-segmented into titanium alloy, ceramics composites, and others. Based on the hearing loss type, the market is sub-segmented into sensorineural hearing loss, conductive hearing loss, mixed hearing loss, and single-sided deafness. Based on the end-user, the market is sub-segmented into pediatrics, adults, and geriatrics. Among these segments, the geriatrics segment is expected to propel the growth of the market due to the increasing usage and demand for bone-anchored hearing aids by the elderly population.
The major market players in the global bone anchored hearing aids market are Auditdata A/S, Cochlear Ltd., Demant A/S, GN Hearing A/S (GN Store Nord A/S), Natus Medical Inc., Sonova Holding AG, Starkey Hearing Technologies and Widex A/S. among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2022, the US Food and Drug Administration (FDA) cleared Oticon Medical, Demant’s implants arm, to market and sell its newest bone anchored hearing system (BAHS).
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Competitive Landscape-
Auditdata A/S, Cochlear Ltd., Demant A/S, GN Hearing A/S (GN Store Nord A/S), Natus Medical Inc., Sonova Holding AG, Starkey Hearing Technologies and Widex A/S. among others.
By Raw Material
Titanium Alloy
Ceramics Composites
Others
By Hearing Loss Type
Sensorineural Hearing Loss
Conductive Hearing Loss
Mixed Hearing Loss
Single-Sided Deafness
By End-User
Pediatrics
Adults
Geriatrics
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Scope of the Report
The research study analyzes the Global Bone Anchored Hearing Aids industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Bone Anchored Hearing Aids Market Report
1. What was the Global Bone Anchored Hearing Aids Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Bone Anchored Hearing Aids Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Bone Anchored Hearing Aids Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Bone Anchored Hearing Aids market.
- The market share of the Global Bone Anchored Hearing Aids market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Bone Anchored Hearing Aids market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Bone Anchored Hearing Aids market.
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