Global Hearing Implants Market Opportunities & Forecast-GMI Research Global Hearing Implants Market Opportunities | Page 2

conduction implant, and auditory brainstem implant. Hearing Implants are
utilized in the patients in situations where the hearing aids don’t work.
Sensorineural hearing loss, conductive hearing loss, mixed hearing loss are
three basic types of hearing loss. Severe head trauma can dislocate middle-
ear bones or cause nerve damage, causing permanent hearing loss, and
acoustic trauma. A cochlear implant is widely accepted, effective and long-
term hearing solution for individuals with the moderate to significant hearing
loss.
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Major factors which are driving the growth of hearing implant during the
forecast period are increasing the prevalence of hearing loss across the
globe, growing incidence of ear infection, rising geriatric population, etc. For
instance, according to the Centers for Disease Control and Prevention (CDC),
approximately 900 million people can suffer from hearing disorders by 2025.
Moreover, rising government initiative and favorable reimbursement policies
have fuelled the market growth. In addition, technological advancements in
hearing implants especially in a cochlear implant, bone-anchored device, and
middle-ear implant are expected to propel the market growth during the
forecast period. For example, the introduction of hybrid hearing implants,
wireless and bluetooth enabled implants are attracting the patient and
healthcare professionals to adopt these devices.
Furthermore, early implantation in children is supporting drive the growth of
the hearing implants market. For instance, according to the NIH, in the US,
about 2 to 3 out of every 1,000 children are born with a significant hearing
loss in one or both ears. However, the high cost of hearing implants, lack of
awareness about the hearing implants in emerging countries are some of the
factors which are hindering the market growth.