Global Hearing Implants Market Report 2024 Growth Statistics, Technology Scouting, Industry Analysis And Key Players Till 2033 | Sonova Holdings AG, Advanced Bionics AG, Siemens AG, William Demant Holding Group, Microson S.A

Overview and Scope
Hearing implants are surgically installed devices aimed at improving the hearing capability of a person suffering from severe or profound levels of hearing loss.

Sizing and Forecast
The hearing implants market size has grown rapidly in recent years. It will grow from $4.38 billion in 2023 to $4.85 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%.  The growth in the historic period can be attributed to hearing loss prevalence, awareness and diagnosis, awareness and diagnosis, pediatric population.

The hearing implants market size is expected to see strong growth in the next few years. It will grow to $7.08 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.  The growth in the forecast period can be attributed to quality of life, minimally invasive implantation techniques, regulatory support and reimbursement, telehealth and remote monitoring, value-based healthcare. Major trends in the forecast period include improved sound processing, biocompatible materials, hybrid implants, wearable technology integration.

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Segmentation & Regional Insights
The hearing implants market covered in this report is segmented –
1) By Type: Cochlear Implants, Middle Ear Implants, Bone Conduction Implants, Auditory Brainstem Implant
2) By Age: Adult, Pediatric
3) By End-User: Hospitals, ENT clinics, Ambulatory Surgical Centres

Top 5 Major Players:

• Sonova Holdings AG
• Advanced Bionics AG
• Siemens AG
• William Demant Holding Group
• Microson S.A.

 

North America was the largest region in the global hearing implants devices and equipment market in 2023. Asia-Pacific was the second-largest region in the hearing implants devices and equipment market. The regions covered in the hearing implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Major Driver Impacting Market Growth
The aging population is increasing worldwide and loss of hearing is one of the most common age-related disorders in the aged above 60 years. For instance, in October 2022, according to the World Health Organization, a Switzerland-based intergovernmental organization, the global population of individuals aged 60 years and above is projected to double by 2050, reaching 2.1 billion, while the number of people aged 80 years or older is anticipated to triple from 2020 to 2050, reaching 426 million. Therefore, the increasing aging population is expected to drive the market for hearing implants in the future.

Key Industry Players
Major companies operating in the hearing implants market include  Sonova Holdings AG, Advanced Bionics AG, Siemens AG, William Demant Holding Group, Microson S.A., RION Co.Ltd., SeboTek Hearing Systems, Arphi Electronics, Widex A/S, Audina Hearing Instruments, MED-EL, Cochlear Ltd., Oticon, Phonak, Unitron, Sonic Innovations Inc., Nurotron Biotechnology Co. Ltd., Ototronix LLC, Envoy Medical Corporation, Medtronic plc, GN Hearing A/S, Starkey Hearing Technologies, Sivantos Group, Neurelec SA, Otologics LLC, Sonitus Medical Inc., Advanced Bionics

The hearing implants market report table of contents includes:
1. Executive Summary
2. Hearing Implants Market Characteristics
3. Hearing Implants Market Trends And Strategies
4. Hearing Implants Market – Macro Economic Scenario
5. Global Hearing Implants Market Size and Growth.
…..

31. Global Hearing Implants Market Competitive Benchmarking
32. Global Hearing Implants Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hearing Implants Market
34. Hearing Implants Market Future Outlook and Potential Analysis
35. Appendix

List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Hearing Implants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Hearing Implants Market, Segmentation By Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Hearing Implants Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

….

Table 74: Sonova Holdings AG Financial Performance
Table 75: Advanced Bionics AG Financial Performance
Table 76: Siemens AG Financial Performance
Table 77: William Demant Holding Group Financial Performance
Table 78: Microson S.A. Financial Performance

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