Bone Anchored Hearing Aids Market Share, Size, Growth, Opportunity and Forecast 2021-2026

Press Release:

Global Bone Anchored Hearing Aids Market to Reach US$ 224 Million by 2026, Catalyzed by Increasing Geriatric Population

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Bone Anchored Hearing Aids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global bone anchored hearing aids market grew at a CAGR of around 6% during 2015-2020. A bone anchored hearing aid (BAHA) is a surgical, implantable device used to treat individuals with different types of hearing loss. It has a titanium screw anchored to the mastoid bone behind the ear, which is connected to a small detachable sound processor through an abutment that propagates sound directly to the inner ear, bypassing skin impedance and subcutaneous tissues. It provides better sound quality and greater comfort compared to conventional hearing devices. Compared to the BTE (behind-the-ear hearing aids), it does not cause skin irritation, requires less energy, reduces aural discharge, and is gaining traction worldwide among children and adults with single-sided deafness and conductive or mixed hearing loss.

As the risk of developing hearing impairment increases with age, the rising geriatric population represents one of the key factors bolstering the market growth. Moreover, the growing instances of hearing loss in pediatrics, along with the high risk of surgery, are escalating the demand for soft band BAHA that acts as a non-surgical solution for a limited period. Additionally, governing agencies of several countries are implementing rules and regulations that require neonates to be screened for hearing loss. This trend, along with the availability of better reimbursement coverage, is impacting the market growth positively. Apart from this, robotic platforms and surgical navigation systems are gaining popularity around the world to reduce BAHA surgical complications. The market players are also introducing advanced products to expand their consumer base. For instance, MED-EL, a company that manufactures hearing implants, launched ADHEAR. This non-implanted BAHA device is suitable for all ages and provides effortless hearing and reliable listening. Looking forward, IMARC Group expects the global bone anchored hearing aids market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bone anchored hearing aids market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, raw material, hearing loss type and end user.

Breakup by Raw Material:

Titanium Alloy
Ceramics Composites
Others

Breakup by Hearing Loss Type:

Sensorineural Hearing Loss
Conductive Hearing Loss
Mixed Hearing Loss
Single Sided Deafness

Breakup by End User:

Pediatrics
Adults
Geriatrics

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Auditdata A/S, Cochlear Ltd., Demant A/S, GN Hearing A/S (GN Store Nord A/S), Natus Medical Incorporated, Sonova Holding AG, Starkey Hearing Technologies and Widex A/S.

Key Questions Answered in This Report:

How has the global bone anchored hearing aids market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global bone anchored hearing aids market?
What are the key regional markets?
What is the breakup of the market based on the raw material?
What is the breakup of the market based on the hearing loss type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global bone anchored hearing aids market and who are the key players?
What is the degree of competition in the industry?