The North America Bionic Ear Market would witness market growth of 7.5% CAGR during the forecast period (2023-2029).
Bionic ears are getting better all the time for people with severe hearing loss. People with one-sided deafness can use a dental appliance and bone-anchored hearing aids (BAHAs). The "good" side receives sound on the deaf side and then transmits it through the skull bone. There are numerous of these, which are regarded as prosthetic devices. By translating sound into electrical signals transmitted to the brain, cochlear implants aid those with serious to profound hearing loss. Electrodes are placed inside the cochlea, a cone-shaped canal in the inner ear, and a transmitter is put beneath the skin behind the ear. A newer, more precisely positioned, smaller version of a typical cochlear implant has been created and is currently undergoing FDA trials.
A series of biological translations transform air vibrations into nerve impulses as sound moves from its source to the ears and, ultimately, the brain. When hearing loss happens, it's typically because important connections towards the end of this chain, between the auditory nerve and the ear's cochlear cells, are damaged. By inserting a variety of small electrodes that activate the auditory nerve, cochlear implants are intended to fill in this gap in the hearing system of persons with profound deafness.
According to a Statistics Canada report released in October 2021, tinnitus, hearing loss, or both disorders impacted 60% of Canadians aged 19 to 79. In addition, tinnitus and hearing loss were more prevalent in men than in women. The small and medium-sized firms (SMEs) that comprise most of the Canadian medical device sector are extremely diversified. Therapeutic devices, medical device research and development, diagnostic device manufacture, and regulation of these devices are among the main activities. In addition, because of the growing elderly population, the medical device industry is seeing increased demand. As the number of people with hearing loss diseases rises and medical technology advances, it is likely that these nations will use bionic ears and other forms of therapy. As a result of the aforementioned factors, the market is anticipated to expand significantly throughout the projected period.
The US market dominated the North America Bionic Ear Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $764.9 Million by 2029. The Canada market is experiencing a CAGR of 9.9% during (2023 - 2029). Additionally, The Mexico market would showcase a CAGR of 9% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Bionic Ear Market, by End-use
1.4.2 North America Bionic Ear Market, by Type
1.4.3 North America 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. North America Bionic Ear Market by End-use
3.1 North America Hospitals Market by Country
3.2 North America Clinics Market by Country
3.3 North America Others Market by Country
Chapter 4. North America Bionic Ear Market by Type
4.1 North America Cochlear Implant Market by Country
4.2 North America Auditory Brainstem Implants Market by Country
4.3 North America BAHA/BAHS Market by Country
Chapter 5. North America Bionic Ear Market by Country
5.1 US Bionic Ear Market
5.1.1 US Bionic Ear Market by End-use
5.1.2 US Bionic Ear Market by Type
5.2 Canada Bionic Ear Market
5.2.1 Canada Bionic Ear Market by End-use
5.2.2 Canada Bionic Ear Market by Type
5.3 Mexico Bionic Ear Market
5.3.1 Mexico Bionic Ear Market by End-use
5.3.2 Mexico Bionic Ear Market by Type
5.4 Rest of North America Bionic Ear Market
5.4.1 Rest of North America Bionic Ear Market by End-use
5.4.2 Rest of North America 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 North America Bionic Ear Market, 2019 - 2022, USD Million
TABLE 2 North America Bionic Ear Market, 2023 - 2029, USD Million
TABLE 3 North America Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 4 North America Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 5 North America Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Hospitals Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Clinics Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Clinics Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 12 North America Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 13 North America Cochlear Implant Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Cochlear Implant Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Auditory Brainstem Implants Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Auditory Brainstem Implants Market by Country, 2023 - 2029, USD Million
TABLE 17 North America BAHA/BAHS Market by Country, 2019 - 2022, USD Million
TABLE 18 North America BAHA/BAHS Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Bionic Ear Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Bionic Ear Market by Country, 2023 - 2029, USD Million
TABLE 21 US Bionic Ear Market, 2019 - 2022, USD Million
TABLE 22 US Bionic Ear Market, 2023 - 2029, USD Million
TABLE 23 US Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 24 US Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 25 US Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 26 US Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 27 Canada Bionic Ear Market, 2019 - 2022, USD Million
TABLE 28 Canada Bionic Ear Market, 2023 - 2029, USD Million
TABLE 29 Canada Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 30 Canada Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 31 Canada Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 32 Canada Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 33 Mexico Bionic Ear Market, 2019 - 2022, USD Million
TABLE 34 Mexico Bionic Ear Market, 2023 - 2029, USD Million
TABLE 35 Mexico Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 36 Mexico Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 37 Mexico Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 38 Mexico Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 39 Rest of North America Bionic Ear Market, 2019 - 2022, USD Million
TABLE 40 Rest of North America Bionic Ear Market, 2023 - 2029, USD Million
TABLE 41 Rest of North America Bionic Ear Market by End-use, 2019 - 2022, USD Million
TABLE 42 Rest of North America Bionic Ear Market by End-use, 2023 - 2029, USD Million
TABLE 43 Rest of North America Bionic Ear Market by Type, 2019 - 2022, USD Million
TABLE 44 Rest of North America Bionic Ear Market by Type, 2023 - 2029, USD Million
TABLE 45 key Information – Cochlear Ltd.
TABLE 46 Key Information – MED-EL GmbH
TABLE 47 key Information – Sonova Holding AG
TABLE 48 Key Information – Zhejiang Uniview Technologies Co., Ltd.
TABLE 49 key Information – Boston Scientific Corporation
TABLE 50 Key Information – Medtronic PLC
TABLE 51 Key Information – Amplifon S.P.A.
TABLE 52 key Information – Starkey Laboratories, Inc.
TABLE 53 key Information – GN Store Nord A/S
TABLE 54 Key Information – WS Audiology A/S
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Bionic Ear Market share by End-use, 2022
FIG 3 North America Bionic Ear Market shasre by End-use, 2029
FIG 4 North America Bionic Ear Market by End-use, 2019 - 2029, USD Million
FIG 5 North America Bionic Ear Market share by Type, 2022
FIG 6 North America Bionic Ear Market share by Type, 2029
FIG 7 North America Bionic Ear Market by Type, 2019 - 2029, USD Million
FIG 8 North America Bionic Ear Market share by Country, 2022
FIG 9 North America Bionic Ear Market share by Country, 2029
FIG 10 North America Bionic Ear Market by Country, 2019 - 2029, USD Million
FIG 11 SWOT Analysis: Boston Scientific Corporation
FIG 12 Swot analysis: Medtronic plc