Global Hearing Implant Market Opportunity Assessment 2018-2028: Cochlear Ltd., MED-EL, William Demant Holding A/S, Advanced Bionics AG - Press Release - Digital Journal
This press release was orginally distributed by SBWire
Albany, NY -- (SBWIRE) -- 11/30/2018 -- Hearing implants are electronic prosthetic devices used to treat hearing loss and deafness. The hearing loss can be of two types sensorineural and conductive hearing loss. There are four types of hearing implants to treat hearing loss, i.e., the cochlear implant, middle ear implant, bone conduction implant and auditory brainstem implant. Hearing Implants are used in the patients in the cases where the hearing aids dont work. The hearing implants are complex structures which are fitted by surgical procedures. The hearing implants consist of two parts, an external portion and the implant which is surgically placed under the skin. The hearing implants provides sound to the patients suffering from profound hearing loss.
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Different types of implants are used for different kinds of defects. The hearing implants are substitutes that directly stimulates the auditory nerve. Patients with cochlear defects use the cochlear implants. Due to the technological advancement in implants bone conduction hearing aids are replaced with the Bone conduction system devices. Middle ear implants directly stimulate the middle ear as they are electronic devices that convert the sound into mechanical vibrations. However an auditory brainstem implant is used when the hearing nerve is absent or damaged. Auditory brainstem implant brings the sound signals directly to the brainstem by bypassing the nerve of hearing. It is a substitute for the patients who are suffering from profound hearing loss and are using hearing aids. Moreover reimbursements are present for the patients opting for hearing implants. The reimbursements and the insurance coverage may vary for different regions and for different providers but there can be chance that some insurance providers may offer 100% insurance while some may provide 50%.
To provide an accurate understanding and to assess the opportunities in this market, the hearing implant market is categorically split under three sections, namely market analysis by product type, end user and regions. The report analyses the global hearing implants market in terms of market value (US$ Mn) and volume.
The report starts with an overview of hearing implants and its usage in regions across the globe. In the same section, FMI covers the hearing implants performance in terms of revenue. This section includes, FMI analysis of key trends, drivers and restraints from supply-side and demand-side perspective.
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The next section of the hearing implants report analyses the global hearing implants market based on product type and presents the forecast in terms of value for the next 10 years. The product types covered in the report include:
- Cochlear Implants
- Middle Ear Implants
- Bone conduction Implants
- Auditory brainstem implant
Examples of some of the key players operating in the global hearing implants market include Cochlear Ltd., MED-EL, William Demant Holding A/S, Advanced Bionics AG, Nurotron Biotechnology Co. Ltd., Ototronix , Envoy Medical Corporation and Medtronic.
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For more information on this press release visit: http://www.sbwire.com/press-releases/global-hearing-implant-market-opportunity-assessment-2018-2028-cochlear-ltd-med-el-william-demant-holding-as-advanced-bionics-ag-1095315.htm
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