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The hearing implants market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!

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The Hearing Implants Market Size In 2022 And Forecast

The global hearing implants market grew from $2.9 billion in 2021 to $3.4 billion in 2022 at a compound annual growth rate (CAGR) of 17.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The hearing implants market is expected to grow to $5.22 billion in 2026 at a CAGR of 11.3%.

The hearing implants devices and equipment market consist of sales of hearing implants.

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Increase In Aging Population Is Driving The Growth Of The Hearing Implants Market

As reported by United Nations, in 2020, there are 727 million people aged 65 years in the world and with the increasing geriatric population, the demand for hearing implants is expected to rise. Therefore, the increasing aging population is expected to drive the market for hearing implants in the future.

Competitive Landscape And The Regional Analysis Of The Hearing Implants Market

Major players in the hearing implants market are Sonova (Switzerland), Advanced Bionics AG (Switzerland), Siemens AG, William Demant Holding Group (Denmark), Microson S.A. (Spain), RION, SeboTek Hearing Systems, Arphi Electronics, Widex A/S, and Audina Hearing Instruments.

Additionally, as per TBRC’s research – North America was the largest region in the hearing implants market in 2021 holding the largest market share.

The Hearing Implants Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hearing implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the hearing implants market.

Using 3D Printing In Binaural Cochlear Surgeries – A Key Trend In The Hearing Implants Market

The technology focuses on developing customized 3D printed implants using biocompatible materials to treat anatomical defects with the help of stem cells. Sonova manufactures binaural cochlear implants, which use two different modes of stimulation, electrical and acoustic to enhance hearing and better discrimination of speech.

Hearing Implants Market Segmentation By The Business Research Company

1) By Type: Cochlear Implants, Middle Ear Implants, Bone Conduction Implants, Auditory Brainstem Implant

2) By End-User: Hospitals, ENT clinics, Ambulatory Surgical Centres

3) By Age: Adult, Pediatric

Here Are Some Reports Related To The Hearing Implants Market –

Hearing Aid Devices And Equipment Global Market Report 2022

3D Printed Implants Global Market Report 2022

Hearing Diagnostic Devices And Equipment Global Market Report 2022

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