Hearing Implants Market Analysis and Value Forecast Snapshot by End-Use Industry 2015-2025: Fmi Estimate

Global Hearing

Implants Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2015

Future Market Insights

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Report Description

Hearing implants are an option when conventional hearing aids no longer give enough

benefit. Implants are designed for different types of hearing loss. They are surgically

implanted devices which can give you the sensation of sound.

Hearing loss can be caused by many different causes, some of which can be successfully

treated with medicine or surgery, depending on the disease process. There are three

types of Hearing loss: Conductive hearing loss, Sensorineural hearing loss and Mixed

hearing loss.

According to the WHO's estimates, there will be approximately 1.2 billion people in the

world over the age of 60 by 2025. This marks a shift in population demographics, from a

demographic majority of young people globally to a more balanced proportion of young

and old. There are around 360 million people in the world with disabling hearing loss.

Hearing loss is one of the six leading global disease burden. According to the Royal

National Institute for Deaf People, the prevalence of hearing loss increases with age,

affecting 42% of people over 50 and more than 70% of people over 70. Rising life

expectancy is therefore likely to result in an increasing numbers of people living with

hearing loss.

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Hearing Implants Market: Drivers and Restraints

The factors driving the market is the increase in the customization of hearing implant

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customizing their product lines to appeal more to consumers and as a result help them to

stay ahead of the competition.

Further, the major challenges faced by the market is the high cost of hearing implant

devices. Various end-users do not have the budget to capitalize on...