Global Bone Conduction Implants Market Size, Trends, and Growth Opportunity, By Product (Skin Drive Devices, Direct Drive Devices, and In-The-Mouth), By Implant Type (Active Implants, Passive Implants), By Application (Conductive Hearing Loss, Single Sided Deafness, and Others), By End User (Hospitals, Specialty Clinics, and Others), By Region and Forecast to 2030.
Global Bone Conduction Implants Market
The Global Bone Conduction Implants Market was valued at USD 4.65 billion in 2022 and is expected to expand to USD 10.2 billion by 2030, at a CAGR of 8.03% during the forecast period 2023- 2030.
Bone conduction implants help those individuals with conductive and mixed hearing loss & single-sided deafness. This conduction procedure works by bypassing the damaged outer ear & middle ear and sending more clearer, crisp sound directly to the inner ear using bone conduction.
Market Drivers
The increase in the prevalence of chronic ear diseases, the growing incidence of debilitating hearing loss, and the availability of advanced technology are some of the reasons expected to boost the global bone conduction implants market over the forecast period.
According to WHO, approx. 350 million people globally were affected by hearing loss in 2016, with 30 million of them being children. The global cost of untreated hearing loss is projected to be approx. US$ 70 billion per year. Furthermore, approx. 1.10 billion young individuals are at risk of hearing damage as a result of noise exposure in recreational contexts.
Market Restraints
There is a risk of inflammation & infection at the implant site after surgery. There is a slight chance that the growth of new bone around the implant can fail. If this happens the implant can fall out & one can seek advice from an audiologist on what to do next. This risk factor can impede the growth of the global bone conduction implant market.
Market Segmentation
The global bone conduction implants market is segmented into product, implant type, application, end-user, and region
Based on product, the global bone conduction implants market is segmented into skin-drive devices, direct-drive devices, and in-the-mouth.
Further, based on end users, the market is segmented into hospitals, specialty clinics, and others.
Regional Analysis
The global bone conduction implants market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the global bone conduction implants market due to the rising prevalence of hearing loss, especially among children & elderly people and the presence of key market players in the region are some of the factors likely to drive the bone conduction implants market in the region.
Key Players
Various key players are discussed in the global bone conduction implants market report including; Cochlear Ltd., Medtronic plc., Sonova, Siemens Healthineers, MED-EL, William Demant, Sophono, Oticon Medical, and Others.
For Instance, in July 2018, MED-EL U.S. announced that FDA had granted ‘de novo’ clearance for the BONEBRIDGE bone conduction implant system for individuals, 12 years and older who have been diagnosed with conductive hearing loss, single-sided deafness, and mixed hearing loss.
Market Taxonomy
By Product
• Skin Drive Devices
• Direct Drive Devices
• In-The-Mouth
By Implant Type
• Active Implants
• Passive Implants
By Application
• Conductive Hearing Loss
• Single Sided Deafness
• Others
By End User
• Hospitals
• Specialty Clinics
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Bone Conduction Implants Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Bone Conduction Implants Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact Of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Bone Conduction Implants Market, By Products
5.1 Y-o-Y Growth Comparison, By Products
5.2 Global Bone Conduction Implants Market Share Analysis, By Products
5.3 Global Bone Conduction Implants Market Size and Forecast, By Products
5.3.1 Skin Drive Devices
5.3.2 Direct Drive Devices
5.3.3 In-The-Mouth
6 Global Bone Conduction Implants Market, By Implant Type
6.1 Y-o-Y Growth Comparison, By Implant Type
6.2 Global Bone Conduction Implants Market Share Analysis, By Implant Type
6.3 Global Bone Conduction Implants Market Size and Forecast, By Implant Type
6.3.1 Active Implants
6.3.2 Passive Implants
7 Global Bone Conduction Implants Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Bone Conduction Implants Market Share Analysis, By Application
7.3 Global Bone Conduction Implants Market Size and Forecast, By Application
7.3.1 Conductive Hearing Loss
7.3.2 Single-Sided Deafness
7.3.3 Others
8 Global Bone Conduction Implants Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Bone Conduction Implants Market Share Analysis, By End User
8.3 Global Bone Conduction Implants Market Size and Forecast, By End User
8.3.1 Specialty Clinics
8.3.2 Hospitals
8.3.3 Others
9 Global Bone Conduction Implants Market, By Region
9.1 Global Bone Conduction Implants Market Share Analysis, By Region
9.2 Global Bone Conduction Implants Market Share Analysis, By Region
9.3 Global Bone Conduction Implants Market Size and Forecast, By Region
10 North America Bone Conduction Implants Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Bone Conduction Implants Market Share Analysis, By Products
10.3 North America Bone Conduction Implants Market Size and Forecast, By Implant Type
10.4 North America Bone Conduction Implants Market Size and Forecast, By Application
10.5 North America Bone Conduction Implants Market Size and Forecast, By End User
10.6 North America Bone Conduction Implants Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Bone Conduction Implants Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Bone Conduction Implants Market Share Analysis, By Products
11.3 Europe Bone Conduction Implants Market Size and Forecast, By Implant Type
11.4 Europe Bone Conduction Implants Market Size and Forecast, By Application
11.5 Europe Bone Conduction Implants Market Size and Forecast, By End User
11.5 Europe Bone Conduction Implants Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Bone Conduction Implants Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Bone Conduction Implants Market Share Analysis, By Products
12.3 Asia Pacific Bone Conduction Implants Market Size and Forecast, By Implant Type
12.4 Asia Pacific Bone Conduction Implants Market Size and Forecast, By Application
12.5 Asia Pacific Bone Conduction Implants Market Size and Forecast, By End User
12.6 Asia Pacific Bone Conduction Implants Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Bone Conduction Implants Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Bone Conduction Implants Market Share Analysis, By Products
13.3 Latin America Bone Conduction Implants Market Size and Forecast, By Implant Type
13.4 Latin America Bone Conduction Implants Market Size and Forecast, By Application
13.5 Latin America Bone Conduction Implants Market Size and Forecast, By End User
13.6 Latin America Bone Conduction Implants Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Bone Conduction Implants Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Bone Conduction Implants Market Share Analysis, By Products
14.3 Middle East Bone Conduction Implants Market Size and Forecast, By Implant Type
14.4 Middle East Bone Conduction Implants Market Size and Forecast, By Application
14.5 Middle East Bone Conduction Implants Market Size and Forecast, By End User
14.6 Middle East Bone Conduction Implants Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market Share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Cochlear Ltd.
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Medtronic plc.
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Sonova
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Siemens Healthineers
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 MED-EL
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 William Demant
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Sophono
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Oticon Medical
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
