Global Bone Conduction Implants Market: Overview

Bone conduction implants are medical devices that conduct sound through bone conduction implants by using the natural ability of the human body. Bone conduction implants are generally used by individuals affected by conductive hearing loss, mixed hearing, or single-side deafness. Different kinds of bone conduction implants devices (BCDs) are available for hearing rehabilitation. Hearing loss can result from certain infectious diseases, exposure to excessive noise, genetic causes, chronic ear infections or complications at birth. Also, problems associated with hearing is one of the major issues faced by the elderly population (people aged 60 years or above).

Global Bone Conduction Implants Market: Drivers and Restraints

Increasing incidence of disabling hearing loss, growing elderly population, wide availability of technologically advanced products, and increasing prevalence of chronic ear infections are some of the factors likely to drive the bone conduction implants market during the forecast period. According to the World Health Organization, in 2016, 360 million people worldwide suffered from disabling hearing loss and 32 million of these were children. Unaddressed hearing loss across the globe costs approximately US$ 70 Bn annually. Also, 1.1 billion youngsters (people aged between 12 and 35 years) are at a risk of hearing loss due to exposure to noise in recreational settings. According to the U.S. Census Bureau, in 2016, 8.5% of people across the world (617 million) were aged 65 years or above and the number is projected to increase to nearly 17% by 2050 (1.6 billion).

Global Bone Conduction Implants Market: Key Segments

The bone conduction implants market can be segmented based on product, type of implant, application, end-user, and geography. Based on product, the market has been segmented into skin drive devices and direct drive devices. The skin drive devices segment has been sub-divided into conventional devices and passive transcutaneous devices. The direct drive devices segment has been sub-segmented into percutaneous devices and active transcutaneous devices. Based on type of implant, the bone conduction implants market has been classified into active implants and passive implants. Based on application, the market has been segregated into conductive hearing loss, single-sided deafness, and others. Based on end-user, the bone conduction implants market has been divided into hospitals, specialty clinics, and others.

Based on geography, the global bone conduction implants market has been segmented into five regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2016. Increasing prevalence of hearing loss among children and elderly people and presence of key market players in the region are some of the factors likely to drive the bone conduction implants market in North America during the forecast period. According to Hearing Loss Association of America, two to three of every 1,000 children in the U.S. are born with detectable hearing loss in one or both ears. Europe is expected to account for the second-largest share of the global bone conduction implants market during the forecast period. Growth of the bone conduction implants market in the region is attributable to favorable reimbursement policies and increasing adoption of technologically advanced products in the region. According to the National Institute for Health and Disability Insurance, public expenditure on hearing aids reimbursement in Belgium is around US$ 22.7 Mn per year, for approximately 40,000 devices. Reimbursement in the country is based on a fixed lump-sum of US$ 569 for unilateral devices and around US$ 1,081.9 for bilateral devices. The bone conduction implants market in Asia Pacific is expected to register a high growth rate from 2017 to 2025, due to development of health care infrastructure, rise in disposable incomes, growth of elderly population in countries such as India and China, and economic development of the region. According to United Nations ESCAP, the Asia Pacific region is currently home to about 60% of the world’s elderly population. The number of elderly people in the region is expected to get more than double, from 547 million in 2016 to nearly 1.3 billion by 2050.

Global Bone Conduction Implants Market: Key Players

Some of the key players operating in the global bone conduction implants market are Cochlear Ltd., Medtronic, Siemens Healthineers, and Sonova.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Bone Conduction Implants Market

Pre Book