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Global Hearing Implants Market 2018-2022

Global Hearing Implants Market 2018-2022

About Hearing Implants

Hearing implants are used when the normal function of the inner ear is damaged. These devices send sound signals artificially to the brain of the patients with severe hearing impairment to help them hear.

Technavio’s analysts forecast the global hearing implants market to grow at a CAGR of 9.73% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global hearing implants market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of hearing implants.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hearing Implants Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cochlear
  • MED-EL
  • Sonova
  • William Demant
Market driver
  • Increasing prevalence of hearing loss
  • For a full, detailed list, view our report
Market challenge
  • High cost of hearing implants
  • For a full, detailed list, view our report
Market trend
  • Increasing focus on emerging markets
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Hearing Implants Market 2018-2022

Technavio recognizes the following companies as the key players in the global hearing implants market: Cochlear, MED-EL, Sonova, and William Demant

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing focus on emerging markets. The emerging markets of South America and APAC, especially in Brazil, Mexico, India, and China have wide opportunity for marketing hearing implants. The prevalence of disabling hearing loss is higher in APAC and Sub-Saharan Africa. The number of people adopting hearing implants in these regions is very less due to the lack of awareness about the hearing implants and its benefits. The growth of healthcare expenditure is leading to increased adoption of innovative and technologically advanced hearing implants in emerging markets. Further, the cosmetic and aesthetic appeal of hearing implants are attracting the customers to adopt these devices”

According to the report, one of the major drivers for this market is Increasing prevalence of hearing loss. The prevalence of hearing loss is significantly increasing in both developed and developing countries. Millions of people are living with hearing loss globally. As of 2016, more than 350 million people (more than 5% of global population) are living with hearing loss worldwide. This is expected to increase threefolds by 2050. According to the NIH, in the US, about 2 to 3 out of every 1,000 children are born with significant hearing loss in one or both ears.

Further, the report states that one of the major factors hindering the growth of this market is High cost of hearing implants. The cost of a cochlear implants is $25,000 per device. The average selling price of cochlear implants typically ranges between $18,000 to $20,000. The cost of BAHA is substantially higher than standard conventional hearing aids. The unit cost of BAHA ranges between $4,000 to $7,000 depending upon the features offered. Factors that add to the high cost of cochlear implantation and BAHA procedures are the evaluations prior to surgery, direct and indirect hospital costs, and the cost of the implant and surgery. The cost of cochlear implantation varies depending on the duration and extent of patient’s hearing loss.

Companies Mentioned

Cochlear, MED-EL, Sonova, and William Demant

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global medical devices market - Segments
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Global hearing implants market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global hearing implants market 2017-2022 ($ mn)
      • Table Global hearing implants market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product type
    • Overview
      • Table Global hearing implants market by product type 2017-2022 (%)
    • Comparison by product type
      • Table Comparison by product
    • Global cochlear implants market
      • Table Global cochlear implants market 2017-2022 ($ mn)
      • Table Global cochlear implants market - Year-over-year growth 2018-2022 (%)
    • Global BAHA market
      • Table Global BAHA market 2017-2022 ($ mn)
      • Table Global BAHA market - Year-over-year growth 2018-2022 (%)
    • Global other hearing implants market
      • Table Global other hearing implants market 2017-2022 ($ mn)
      • Table Global other hearing implants market - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product type
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Overview
      • Table Global hearing implants market by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Hearing implants market in Americas
      • Table Global hearing implants market in Americas 2017-2022 ($ mn)
      • Table Global hearing implants market in Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • Hearing implants market in EMEA
      • Table Hearing implants market in EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table Hearing implants market in EMEA - Year over year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Hearing implants market in APAC
      • Table Hearing implants market in APAC 2017-2022 ($ mn)
      • Table Hearing implants market in APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emerging technological innovations
    • Increasing focus on emerging markets
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Vendor landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Cochlear
      • Table Cochlear - Vendor overview
      • Table Cochlear - Business segments
      • Table Cochlear - Organizational developments
      • Table Cochlear - Geographic focus
      • Table Cochlear - Segment focus
      • Table Cochlear - Key offerings
      • Table Cochlear - Key customers
    • MED-EL
      • Table MED-EL - Vendor overview
      • Table MED-EL - Business segments
      • Table MED-EL - Organizational developments
      • Table MED-EL - Geographic focus
      • Table MED-EL - Segment focus
      • Table MED-EL - Key offerings
      • Table MED-EL - Key customers
    • Sonova
      • Table Sonova - Vendor overview
      • Table Sonova - Business segments
      • Table Sonova - Organizational developments
      • Table Sonova - Geographic focus
      • Table Sonova - Segment focus
      • Table Sonova - Key offerings
      • Table Sonova - Key customers
    • William Demant
      • Table William Demant - Vendor overview
      • Table William Demant - Business segments
      • Table William Demant - Organizational developments
      • Table William Demant - Geographic focus
      • Table William Demant - Segment focus
      • Table William Demant - Key offerings
      • Table William Demant - Key customers
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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