Company News: Page (1) of 1 - 08/10/17

Bone Conduction Devices Market - Global Forecasts and Opportunity Assessment by Technavio

August 10, 2017 --

LONDON--(BUSINESS WIRE)--#HumanMachineInterface--According to the latest market study released by Technavio, the global bone conduction devices market is expected to grow at a CAGR of more than 14% during the forecast period.



This research report titled ?Global Bone Conduction Devices Market 2017-2021 provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The global bone conduction devices market is largely governed by the revenue generated from the sales of BAHA. Bone conduction headphones contribute merely 3.55% of the revenue in the market. However, despite their minimal share in revenue, bone conduction headphones are likely to contribute to the growth of the market owing to their increasing popularity. Bone conduction headphones are being widely accepted in countries such as the US and the UK since the population in these countries is more receptive to new technology.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing


Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Technavios analysts categorize the global bone conduction devices market into three major segments by end user. They are:

  • Individuals
  • Clinics
  • Hospitals

Looking for more information on this market? Request a free sample report

Technavios sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Hospitals

Hospitals that provide hearing-aid services are some of the key end-users of bone conduction devices, particularly BAHA. Both public and private sector hospitals have a specialized team of audiologists that provide BAHA and services to patients. Most of the hospitals worldwide have tie-ups or collaborations with hearing aid clinics and institutions.

According to Chetan Mohan, a lead human machine interface research analyst from Technavio, ?Hospitals function in collaboration with manufacturers of BAHA to spread the necessary awareness about the benefits of using BAHA over traditional hearing aids. For most of the hearing aid services, the patient pool is dependent on the hospitals as some of these hospitals are part of government organizations that aid at subsidized rates.

Clinics

Clinics, like hospitals, provide hearing aid-related services to patients independently. A large number of such clinics worldwide have either established tie-ups with manufacturers of BAHA or insurance companies to provide medical coverage for hearing aids and implants.

?In emerging economies of APAC such as India, the rising domestic and foreign investment in healthcare might be a key factor contributing to the growth of the market in the region. The demand for sophisticated healthcare products worldwide is increasing rapidly. The bone conduction devices market for clinics is likely to witness steady growth during the forecast period as private clinics and health insurance providers are expanding their footprint in emerging economies, says Chetan.

Individuals

Individual users include two kinds of users. The first kind of individual users are those patients to whom BAHA are recommended by health insurance companies. The patients can choose from a list of clinics and hospitals from where they will get the implant done. These hospitals and clinics are the ones that have either tied-up or are working in collaboration with the insurance companies.

The second type of users are bone conduction headphone users. A bone conduction headphone is a new development, and thus, very limited number of products are available in the market as of 2016. Bone conduction headphones are usually preferred by users engaged in sports and fitness activities.

The top vendors highlighted by Technavios research analysts in this report are:

  • Aftershokz
  • Cochlear
  • Damson Audio
  • Marsboy
  • MED-EL
  • Medtronic
  • Panasonic
  • SainSonic
  • William Demant

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Page: 1
Related Keywords:

Source:Copyright (c) Business Wire.. All Rights Reserved

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved

Webmaster
Digital Media Online, Inc.