Global Bone Conduction Devices Market 2017-2021
About Bone Conduction Devices
The global bone conduction devices market consists mainly of two products, namely bone-anchored hearing aids (BAHA) and bone conduction headphones. Both BAHA and bone conduction headphones function on the principle of bone conduction, i.e., human bones are good conductors of sound or vibrations. The global bone conduction devices market is a steadily growing technology-centered market that consists mainly of two products, namely bone-anchored hearing aids (BAHA) and bone conduction headphones.
Technavio’s analysts forecast the global bone conduction devices market to grow at a CAGR of 14.23% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bone conduction devices market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bone Conduction Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global bone conduction devices market: Cochlear, MED-EL, Medtronic, William Demant, Aftershokz, GameChanger Products, Damson Audio, marsboy, SainSonic, and Panasonic.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advances in hearing aids. As of 2016, individuals suffering from hearing loss had plenty of options to choose from when it comes to opting for a suitable solution. There is a wide variety of hearing aids that are available in the market with different levels of sound quality and comfort.”
According to the report, one driver in the market is advantages of BAHA over their substitutes. As compared to traditional hearing aids, BAHA provide better solutions for the treatment of hearing impairments. Traditional hearing aids are often wired devices that consist of an earpiece, which needs to be inserted into the patient's ear. Continuous use of this earpiece exerts pressure on the patient's skin and leads to major discomfort for the patient. BAHA are surgically implanted in such a way that they do not exert any pressure on the skin or skull bone.
Further, the report states that one challenge in the market is high cost of BAHA. The high cost of BAHA is another major challenge inhibiting the growth of the global bone conduction devices market. Leading manufacturers such as Cochlear and Oticon Medical sell their products at an average price range of $4,000 to $7,500, which is very expensive when compared to conventional hearing aids that are available in the price range of $1,000-$4,000. Since manufacturers of BAHA focus extensively on quality to increase the life of the implants, the prices are likely to further increase during the forecast period.
Cochlear, MED-EL, Medtronic, William Demant, Aftershokz, GameChanger Products, Damson Audio, marsboy, SainSonic, and Panasonic.
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