Bionic Ear Market by Technology, Treatment and Application (2017–2024)

1
Bionic Ear Market size is projected to experience
significant growth from 2017 to 2024. Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Bionic Ear Market

• Bionic Ear Market is set to witness lucrative
  growth owing to the remarkable innovation in
  rechargeable devices, economic growth in emerging
  countries, and rising investments by
  manufacturers for developments of next generation
  sound processors.
• Rising prevalence of hearing disorders should
  lift the demand for the product. Increasing
  geriatric population is likely to create larger
  patient pool of people living with hearing loss.
• According to WHO, there are more than 360 million
  people in the world affected with hearing loss
  disability. Hearing loss is one of the leading
  global disorder. As stated by the Royal National
  Institute for Deaf People, prevalence of disorder
  increases with age, affecting 70 of people over
  70 and 42 people over 50.
• Moreover, increasing healthcare spending and
  prelaunch of bionic ear devices are some other
  factors driving the industry size.

3

• Low adoption of bionic ear due to inadequate
  insurance plans, high medical device cost and
  complexities associated with device batteries may
  restrain the bionic ear market size during the
  forecast period.
• The overall high cost of product adoption is
  attributed to several factors such as various
  evaluations to surgery, hospital costs, doctors
  fees, medication, operating room supplies, and
  the device used in instruments.
• Binaural devices play a key role in implantation
  procedure. Binaural implants are tested for
  auditory discrimination in order to quantify
  binaural differences.
• Increase in aging population worldwide and the
  number of individuals with hearing loss
  witnesses lucrative growth opportunities.

4
Competitive Market Share of Bionic Ear Market

• U.S. scar treatment market will witness
  significant growth over the forecast period owing
  to growing public appearance consciousness.
  Widespread prevalence of skin disorders such as
  acne will propel the regional industry growth.
• As per American Academy of Dermatology 2016
  statistics, acne is the most common skin
  condition in the country affecting nearly 50
  million individuals. Increasing disposable
  incomes coupled with increasing spending on
  personal care products will boost demand.
  Moreover, rising number of road accidents leading
  to injuries will stimulate industry growth.
• Brazil scar treatment market should grow at
  robust rate owing to increasing desire among the
  population to look beautiful and high per capita
  expenditure on cosmetic procedures. Increasing
  medical tourism for undergoing various cosmetic
  procedures would further aid industry expansion.

5

Browse Full Market Research Report On Bionic Ear
Market _at_ http//bit.ly/2uhF7Fp Request for an
in-depth table of contents for this report _at_
http//bit.ly/2uPtvfM
6
Stay In Touch Website www.gminsights.com Soci
al Media