The Asia Pacific Bionic Ear Market would witness market growth of 8.7% CAGR during the forecast period (2023-2029).
A variety of assistive listening devices (ALDs), which improve hearing in difficult-to-hear settings, can be utilized with the majority of contemporary bionic ears, like cochlear implants. Examples of these circumstances include watching TV, conversing on the phone, or paying attention to a speaker or teacher. With an ALD, the audio processor receives the sound from gadgets like from an external microphone directly as opposed to the audio processor's microphone. For the user, this direct transmission enhances sound quality, making it simpler to stream music or converse on the phone.
ALDs can be found in a variety of accessories, including pens, neck loops, and customized battery pack covers. The majority of modern ALDs can wirelessly transmit audio to the audio processor after receiving sound from any Bluetooth device, like phones and PCs. Most cochlear implants can also be used with earlier ALD systems like telecoils.
In China, middle-aged and older individuals 45 years of age and older incurred direct costs associated with hearing loss in 2015, totaling $106.775 billion, accounting for 5.54% of the nation's total healthcare expenditures. Direct inpatient expenditures represented 18.87 to 24.25%, and direct outpatient costs ranged from 75.75 to 81.13% of the total direct costs associated with hearing loss. Therefore, in the coming years, the market will experience enormous growth owing to the rising prevalence of hearing impairment and rising healthcare expenditures.
The China market dominated the Asia Pacific Bionic Ear Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $262.9 Million by 2029. The Japan market is poised to grow at a CAGR of 8.1% during (2023 - 2029). Additionally, The India market would exhibit a CAGR of 9.4% during (2023 - 2029).
Based on End-use, the market is segmented into Hospitals, Clinics, and Others. Based on Type, the market is segmented into Cochlear Implant, Auditory Brainstem Implants, and BAHA/BAHS. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Bionic Ear Market is Projected to reach USD 3.5 Billion by 2029, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cochlear Ltd., MED-EL GmbH, Sonova Holding AG, Zhejiang Uniview Technologies Co., Ltd. (Hangzhou Jiaozhi Technology Co., Ltd.), Boston Scientific Corporation, Medtronic PLC, Amplifon S.P.A., Starkey laboratories, Inc., GN Store Nord A/S (GN Hearing A/S), and WS Audiology A/S.
Scope of the Study
Market Segments Covered in the Report:
By End-use
By Type
- Cochlear Implant
- Auditory Brainstem Implants
- BAHA/BAHS
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Cochlear Ltd.
- MED-EL GmbH
- Sonova Holding AG
- Zhejiang Uniview Technologies Co., Ltd. (Hangzhou Jiaozhi Technology Co., Ltd.)
- Boston Scientific Corporation
- Medtronic PLC
- Amplifon S.P.A.
- Starkey laboratories, Inc.
- GN Store Nord A/S (GN Hearing A/S)
- WS Audiology A/S
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Bionic Ear Market, by End-use
1.4.2 Asia Pacific Bionic Ear Market, by Type
1.4.3 Asia Pacific Bionic Ear Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Bionic Ear Market by End-use
3.1 Asia Pacific Hospitals Market by Country
3.2 Asia Pacific Clinics Market by Country
3.3 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Bionic Ear Market by Type
4.1 Asia Pacific Cochlear Implant Market by Country
4.2 Asia Pacific Auditory Brainstem Implants Market by Country
4.3 Asia Pacific BAHA/BAHS Market by Country
Chapter 5. Asia Pacific Bionic Ear Market by Country
5.1 China Bionic Ear Market
5.1.1 China Bionic Ear Market by End-use
5.1.2 China Bionic Ear Market by Type
5.2 Japan Bionic Ear Market
5.2.1 Japan Bionic Ear Market by End-use
5.2.2 Japan Bionic Ear Market by Type
5.3 India Bionic Ear Market
5.3.1 India Bionic Ear Market by End-use
5.3.2 India Bionic Ear Market by Type
5.4 Australia Bionic Ear Market
5.4.1 Australia Bionic Ear Market by End-use
5.4.2 Australia Bionic Ear Market by Type
5.5 South Korea Bionic Ear Market
5.5.1 South Korea Bionic Ear Market by End-use
5.5.2 South Korea Bionic Ear Market by Type
5.6 Singapore Bionic Ear Market
5.6.1 Singapore Bionic Ear Market by End-use
5.6.2 Singapore Bionic Ear Market by Type
5.7 Rest of Asia Pacific Bionic Ear Market
5.7.1 Rest of Asia Pacific Bionic Ear Market by End-use
5.7.2 Rest of Asia Pacific Bionic Ear Market by Type
Chapter 6. Company Profiles
6.1 Cochlear Ltd.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Research & Development Expense
6.2 MED-EL GmbH
6.2.1 Company Overview
6.2.2 Recent strategies and developments:
6.2.2.1 Approvals & Trials:
6.3 Sonova Holding AG
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Acquisition and Mergers:
6.4 Zhejiang Uniview Technologies Co., Ltd. (Hangzhou Jiaozhi Technology Co., Ltd.)
6.4.1 Company Overview
6.5 Boston Scientific Corporation
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 SWOT Analysis
6.6 Medtronic PLC
6.6.1 Company overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 SWOT Analysis
6.7 Amplifon S.P.A.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Acquisition and Mergers:
6.8 Starkey laboratories, Inc.
6.8.1 Company Overview
6.9 GN Store Nord A/S (GN Hearing A/S)
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.10. WS Audiology A/S
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Regional Analysis
6.10.4 Research & Development Expenses
TABLE 1 Asia Pacific Bionic Ear Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Bionic Ear Market, 2023 - 2029, USD Million
TABLE 3 Asia Pacific Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 5 Asia Pacific Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Hospitals Market by Country, 2023 - 2029, USD Million
TABLE 7 Asia Pacific Clinics Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Clinics Market by Country, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Cochlear Implant Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Cochlear Implant Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Auditory Brainstem Implants Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Auditory Brainstem Implants Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific BAHA/BAHS Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific BAHA/BAHS Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Bionic Ear Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Bionic Ear Market by Country, 2023 - 2029, USD Million
TABLE 21 China Bionic Ear Market, 2019 - 2022, USD Million
TABLE 22 China Bionic Ear Market, 2023 - 2029, USD Million
TABLE 23 China Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 24 China Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 25 China Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 26 China Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 27 Japan Bionic Ear Market, 2019 - 2022, USD Million
TABLE 28 Japan Bionic Ear Market, 2023 - 2029, USD Million
TABLE 29 Japan Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 30 Japan Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 31 Japan Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 32 Japan Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 33 India Bionic Ear Market, 2019 - 2022, USD Million
TABLE 34 India Bionic Ear Market, 2023 - 2029, USD Million
TABLE 35 India Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 36 India Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 37 India Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 38 India Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 39 Australia Bionic Ear Market, 2019 - 2022, USD Million
TABLE 40 Australia Bionic Ear Market, 2023 - 2029, USD Million
TABLE 41 Australia Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 42 Australia Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 43 Australia Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 44 Australia Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 45 South Korea Bionic Ear Market, 2019 - 2022, USD Million
TABLE 46 South Korea Bionic Ear Market, 2023 - 2029, USD Million
TABLE 47 South Korea Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 48 South Korea Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 49 South Korea Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 50 South Korea Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 51 Singapore Bionic Ear Market, 2019 - 2022, USD Million
TABLE 52 Singapore Bionic Ear Market, 2023 - 2029, USD Million
TABLE 53 Singapore Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 54 Singapore Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 55 Singapore Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 56 Singapore Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 57 Rest of Asia Pacific Bionic Ear Market, 2019 - 2022, USD Million
TABLE 58 Rest of Asia Pacific Bionic Ear Market, 2023 - 2029, USD Million
TABLE 59 Rest of Asia Pacific Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 60 Rest of Asia Pacific Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 61 Rest of Asia Pacific Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 62 Rest of Asia Pacific Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 63 key Information – Cochlear Ltd.
TABLE 64 Key Information – MED-EL GmbH
TABLE 65 key Information – Sonova Holding AG
TABLE 66 Key Information – Zhejiang Uniview Technologies Co., Ltd.
TABLE 67 key Information – Boston Scientific Corporation
TABLE 68 Key Information – Medtronic PLC
TABLE 69 Key Information – Amplifon S.P.A.
TABLE 70 key Information – Starkey Laboratories, Inc.
TABLE 71 key Information – GN Store Nord A/S
TABLE 72 Key Information – WS Audiology A/S
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Bionic Ear Market share by End-use, 2022
FIG 3 Asia Pacific Bionic Ear Market share by End-use, 2029
FIG 4 Asia Pacific Bionic Ear Market by End-use, 2019 - 2029, USD Million
FIG 5 Asia Pacific Bionic Ear Market share by Type, 2022
FIG 6 Asia Pacific Bionic Ear Market share by Type, 2029
FIG 7 Asia Pacific Bionic Ear Market by Type, 2019 - 2029, USD Million
FIG 8 Asia Pacific Bionic Ear Market share by Country, 2022
FIG 9 Asia Pacific Bionic Ear Market share by Country, 2029
FIG 10 Asia Pacific Bionic Ear Market by Country, 2019 - 2029, USD Million
FIG 11 SWOT Analysis: Boston Scientific Corporation
FIG 12 Swot analysis: Medtronic plc