Bionic Ear Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2022 - 2032
According to Centre for Disease Control, and Prevention (CDC), over 12.5 children, and young adolescents in the US suffer from permanent damage to their hearing. Moreover, the proportion of adults with hearing damage is even higher, with 17% of adults, between 20-69 years of age. This has led to a growing demand for products like bionic ears or other medical implants, which are crucial for people face permeant hearing loss due to hearing damage, due to excessive exposure to noise. CDC estimates that currently, nearly 5.2 million children, and adolescents, and over 26 million adults face hearing loss challenge. Furthermore, this challenge is acquired over lifetime, which makes it far easier to deal with, thanks to modern advancements in technology.
The newly developed bionic ears are capable of transmitting electric signals, which convert signals into speech, which is essential for people who have acquired language skills during their lifetime, but are now facing permanent deafness. The growing awareness about hearing challenges, lifestyle driven factors inducing more noise in personal life, and growing advancement in technology will likely drive robust growth for the bionic ears market.
Growing Demand to Accommodate Students Will be a Major Boost for Growth
According to CDC, hearing plays a key role in development of students, with factors like speech, communication, and development language skills. Moreover, even a small amount of hearing loss can lead to loss of opportunities for personal development, job opportunities, and learning. Hence, hearing loss has had a profound impact on students with various activities like social development, language, speech patterns impacted throughout history. CDC also reports that students with hearing difficulties do not perform as well in schools, without intervention. Furthermore, the gap in scholastic achievement in schools, also widens as student progress beyond school. Based on CDC numbers, over 98% of new-borns in the US are screened for hearing loss. Moreover, in 2017, 6500 were identified early with a permanent hearing loss. However, the hearing loss remains more widespread, with the rate of hearing loss, remains 1.7% per 1000 babies. Furthermore, many infants did not receive early intervention measures, and additional testing. The growing prevalence of testing new-born babies, rising interventions, and growing demand for education will drive major growth for the players in the bionic ears market.
Growing Benefits Over Learning Sign Language Will Boost Growth
Conventionally, Cochlear implants or CI were viewed with a certain scorn among some sections of the sign-language community. According to some of CI critics, the technology remained imperfect, and would remain so for human learning. These critics advocated strong use of sign language, and sign language remained a norm for most deaf people. However, according to new study published in the American Journal of American Paediatrics, CI technology promises more advantages for learning at early stages, than sign language. According to the study, children with early intervention with CI achieved better speech recognition skills, over 3-year period. Moreover, these children displayed an advantage over students who learned sign language. Furthermore, over 70% of students exposed to CI technology learned age-appropriate spoken language. Children with CI technology also produced more intelligible speech as compared to children reliant on sign-language. Sign language remained the dominant approach to key applications like learning, personal development, and social development. However, promising research such as these will likely drive more government initiatives, awareness, and acceptance of the CI technology to drive growth of the global bionic ears market.
Some key players in the bionic ears market are Key players operating in the bionic ear market are Sonova, Sivantos Pvt. Ltd., Cochlear Ltd., MED-EL., Advanced Bionics AG, Össur, Nano Retina Inc, LifeNet Health, William Demant Holdings.
The Bionic Ears Market Report is Segmented as Below:
By Device Type
- Research Institutes
- Hearing Clinics
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA