According to a market report by Lucintel, the future of the bone conduction device market looks promising with opportunities in the clinic, individual, hospital, military, sport, and hearing aid center applications. The global bone conduction device market is expected to reach an estimated $13.0 billion by 2028 with a CAGR of 10.8% from 2023 to 2028. The major drivers for this market are growing number cases related to hearing disorders along with rising demand for bone-conduction headphones as it ensures superior sound quality and possess less infection risks.
In this market, BAHA (bone-anchored hearing aid) and bone conduction headphone are the two types of bone conduction device used by various end use industries. Lucintel forecasts that BAHA is expected to witness highest growth over the forecast period due to the increasing use of this technology as a surgical implant to assist those with hearing problems and escalating use of technologically advanced devices among infants and children.
Within this market, clinic is expected to witness highest growth over the forecast period due to the increasing number of clinic visits by patients with hearing problem and growing need of this device in clinics for specific information about whether a patient has inner ear or outer ear problems for better decision making.
North America will remain the largest region due to the availability of a reliable healthcare infrastructure, increasing awareness towards auditory functions and their disorders among people, and presence of key players in the region.
Aftershokz, Cochlear, Damson Audio, Marsboy, MED-EL, Panasonic, and SainSonic are the major suppliers in the global bone conduction device market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global bone conduction device market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Bone Conduction Device Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global bone conduction device market by product type, application, and region, as follows:
Bone Conduction Device Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:
BAHA (Bone-Anchored Hearing Aids)
Bone Conduction Headphones
Bone Conduction Device Market by Application [Shipment Analysis by Value from 2017 to 2028]:
Clinics
Individuals
Hospitals
Military
Sports
Hearing Aid Centers
Others
Bone Conduction Device Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the bone conduction device market by product type (BAHA and bone conduction headphones), application (clinics, individuals, hospitals, military, sports, hearing aid centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?