Bionic Ear Market size is projected to experience significant
growth from 2017 to 2024.: Global Market Insights Inc.
Bionic Ear Market is set to witness lucrative growth owing to the remarkable innovation in rechargeable
devices, economic growth in emerging countries, and rising investments by manufacturers for
developments of next generation sound processors. Rising prevalence of hearing disorders should lift the
demand for the product. Increasing geriatric population is likely to create larger patient pool of people living
with hearing loss.
According to WHO, there are more than 360 million people in the world affected with hearing loss disability.
Hearing loss is one of the leading global disorder. As stated by the Royal National Institute for Deaf People,
prevalence of disorder increases with age, affecting 70% of people over 70 and 42% people over 50.
Moreover, increasing healthcare spending and prelaunch of bionic ear devices are some other factors
driving the industry size.
Low adoption of bionic ear due to inadequate insurance plans, high medical & device cost and complexities
associated with device batteries may restrain the bionic ear market size during the forecast period. The
overall high cost of product adoption is attributed to several factors such as various evaluations to surgery,
hospital costs, doctor’s fees, medication, operating room supplies, and the device used in instruments.
Binaural devices play a key role in implantation procedure. Binaural implants are tested for auditory
discrimination in order to quantify binaural differences. Increase in aging population worldwide and the
number of individuals with hearing loss witnesses’ lucrative growth opportunities.
U.S. bionic ear market will show significant growth due to rising patient acceptance and patient awareness
about the product benefits. Presence of leading service providers such as Cochlear, Unitron, Intelligent
Hearing system and Advanced Bionics in the region will stimulate industry growth in the coming years.
Browse key industry insights from the report “Bionic Ear Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, China, India, Japan,
Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Development Potential,
Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the
table of contents:
https://www.gminsights.com/industry-analysis/bionic-ear-market
U.S. scar treatment market will witness significant growth over the forecast period owing to
growing public appearance consciousness. Widespread prevalence of skin disorders such as
acne will propel the regional industry growth. As per American Academy of Dermatology
2016 statistics, acne is the most common skin condition in the country affecting nearly 50
million individuals. Increasing disposable incomes coupled with increasing spending on
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