The Latin America, Middle East and Africa Bionic Ear Market would witness market growth of 10.9% CAGR during the forecast period (2023-2029).
The quality of life for those who are hard of hearing has been greatly enhanced by bionic ear technology. The size, discretion, and strength of bionic ears have recently changed. Directional microphones, artificial intelligence, hybrid technology, and internet connectivity might all be used to integrate them, improving user experience and sound quality. The development of the market is being fueled by these developments and an increase in consumer knowledge of various audiology technologies.
The aging population, rising rates of hearing loss, technological improvements, and attractive reimbursement policies have all contributed to the market's tremendous growth. In addition, the technology behind bionic ears has also advanced significantly during the past few years. As an illustration, cochlear implants are now equipped with wireless connectivity, enabling them to connect with external devices like cell phones, televisions, or any other audio gear.
The prevalence of congenital hearing loss is 1-2 per 1,000 newborns worldwide, but it can reach 6 per 1,000 in regions like Sub-Saharan Africa. Therefore, it is recommended that young children with hearing impairments receive early diagnosis and treatment to maximize their social-emotional, speech, cognitive, and language development. Additionally, Brazil, the GCC nations, and Africa, are increasing their healthcare expenditure along with strengthening the medical infrastructure. Thus, it is anticipated that the increasing prevalence of hearing loss and greater awareness will help the market's growth.
The Brazil market dominated the LAMEA Bionic Ear Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $62.5 Million by 2029. The Argentina market is anticipated to grow at a CAGR of 11.5% during (2023 - 2029). Additionally, The UAE market would display a CAGR of 10.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Bionic Ear Market, by End-use
1.4.2 LAMEA Bionic Ear Market, by Type
1.4.3 LAMEA 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. LAMEA Bionic Ear Market by End-use
3.1 LAMEA Hospitals Market by Country
3.2 LAMEA Clinics Market by Country
3.3 LAMEA Others Market by Country
Chapter 4. LAMEA Bionic Ear Market by Type
4.1 LAMEA Cochlear Implant Market by Country
4.2 LAMEA Auditory Brainstem Implants Market by Country
4.3 LAMEA BAHA/BAHS Market by Country
Chapter 5. LAMEA Bionic Ear Market by Country
5.1 Brazil Bionic Ear Market
5.1.1 Brazil Bionic Ear Market by End-use
5.1.2 Brazil Bionic Ear Market by Type
5.2 Argentina Bionic Ear Market
5.2.1 Argentina Bionic Ear Market by End-use
5.2.2 Argentina Bionic Ear Market by Type
5.3 UAE Bionic Ear Market
5.3.1 UAE Bionic Ear Market by End-use
5.3.2 UAE Bionic Ear Market by Type
5.4 Saudi Arabia Bionic Ear Market
5.4.1 Saudi Arabia Bionic Ear Market by End-use
5.4.2 Saudi Arabia Bionic Ear Market by Type
5.5 South Africa Bionic Ear Market
5.5.1 South Africa Bionic Ear Market by End-use
5.5.2 South Africa Bionic Ear Market by Type
5.6 Nigeria Bionic Ear Market
5.6.1 Nigeria Bionic Ear Market by End-use
5.6.2 Nigeria Bionic Ear Market by Type
5.7 Rest of LAMEA Bionic Ear Market
5.7.1 Rest of LAMEA Bionic Ear Market by End-use
5.7.2 Rest of LAMEA 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 LAMEA Bionic Ear Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Bionic Ear Market, 2023 - 2029, USD Million
TABLE 3 LAMEA Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 4 LAMEA Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 5 LAMEA Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Hospitals Market by Country, 2023 - 2029, USD Million
TABLE 7 LAMEA Clinics Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Clinics Market by Country, 2023 - 2029, USD Million
TABLE 9 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 12 LAMEA Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 13 LAMEA Cochlear Implant Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Cochlear Implant Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA Auditory Brainstem Implants Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Auditory Brainstem Implants Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA BAHA/BAHS Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA BAHA/BAHS Market by Country, 2023 - 2029, USD Million
TABLE 19 LAMEA Bionic Ear Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Bionic Ear Market by Country, 2023 - 2029, USD Million
TABLE 21 Brazil Bionic Ear Market, 2019 - 2022, USD Million
TABLE 22 Brazil Bionic Ear Market, 2023 - 2029, USD Million
TABLE 23 Brazil Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 24 Brazil Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 25 Brazil Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 26 Brazil Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 27 Argentina Bionic Ear Market, 2019 - 2022, USD Million
TABLE 28 Argentina Bionic Ear Market, 2023 - 2029, USD Million
TABLE 29 Argentina Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 30 Argentina Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 31 Argentina Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 32 Argentina Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 33 UAE Bionic Ear Market, 2019 - 2022, USD Million
TABLE 34 UAE Bionic Ear Market, 2023 - 2029, USD Million
TABLE 35 UAE Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 36 UAE Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 37 UAE Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 38 UAE Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 39 Saudi Arabia Bionic Ear Market, 2019 - 2022, USD Million
TABLE 40 Saudi Arabia Bionic Ear Market, 2023 - 2029, USD Million
TABLE 41 Saudi Arabia Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 42 Saudi Arabia Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 43 Saudi Arabia Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 44 Saudi Arabia Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 45 South Africa Bionic Ear Market, 2019 - 2022, USD Million
TABLE 46 South Africa Bionic Ear Market, 2023 - 2029, USD Million
TABLE 47 South Africa Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 48 South Africa Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 49 South Africa Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 50 South Africa Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 51 Nigeria Bionic Ear Market, 2019 - 2022, USD Million
TABLE 52 Nigeria Bionic Ear Market, 2023 - 2029, USD Million
TABLE 53 Nigeria Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 54 Nigeria Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 55 Nigeria Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 56 Nigeria Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 57 Rest of LAMEA Bionic Ear Market, 2019 - 2022, USD Million
TABLE 58 Rest of LAMEA Bionic Ear Market, 2023 - 2029, USD Million
TABLE 59 Rest of LAMEA Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 60 Rest of LAMEA Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 61 Rest of LAMEA Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 62 Rest of LAMEA 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 LAMEA Bionic Ear Market share by End-use, 2022
FIG 3 LAMEA Bionic Ear Market share by End-use, 2029
FIG 4 LAMEA Bionic Ear Market by End-use, 2019 - 2029, USD Million
FIG 5 LAMEA Bionic Ear Market share by Type, 2022
FIG 6 LAMEA Bionic Ear Market share by Type, 2029
FIG 7 LAMEA Bionic Ear Market by Type, 2019 - 2029, USD Million
FIG 8 LAMEA Bionic Ear Market share by Country, 2022
FIG 9 LAMEA Bionic Ear Market share by Country, 2029
FIG 10 LAMEA Bionic Ear Market by Country, 2019 - 2029, USD Million
FIG 11 SWOT Analysis: Boston Scientific Corporation
FIG 12 Swot analysis: Medtronic plc