Market Overview:
The global bone conduction devices market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of hearing loss, rising awareness about bone conduction devices, and technological advancements in the field of bone conduction devices. The global bone conduction devices market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into BAHA (bone anchored hearing aid) and Bone Conduction Headphones (BCH). The BCH segment is expected to grow at a higher CAGR than BAHA during the forecast period owing to its growing popularity among individuals with mild-to-moderate hearing loss. On the basis of application,the market is divided into clinics, hospitals, and individuals.
Product Definition:
Bone conduction devices are used to transmit sound vibrations directly to the inner ear, bypassing the outer and middle ear. This is often done by attaching a small transducer to the skull just in front of the ear. Bone conduction devices are commonly used in people who have lost hearing in one or both ears due to damage to the outer or middle ear, such as from infection, injury, or surgery.
BAHA:
BAHA is Bone-conducting Antenna, it's a small metallic device that is inserted into the body via a needle and as it moves around in the body electrical signals are sent from one place to another.
It has been used for many years as an experimental medical device with no real world evidence of its effectiveness. Recently though some research studies have been published which suggest that BAHAs might be useful in treating certain types of arthritis and other bone disorders.
Bone Conduction Headphones:
Bone Conduction Headphones are used in Bone Conduction Devices. It is a type of hearing aid that allows the user to hear sound via vibrations conducted through the bones in the body. The mechanism works by amplifying low-frequency sounds and reducing high-frequency noise, thus improving audio quality.
The market for bone conduction headphones is driven by factors such as increasing prevalence of hearing loss, technological advancements, and rising demand for wireless devices with better comfort features among consumers.
Application Insights:
Based on the application, the market is segmented into individuals, clinics and hospitals. The individuals segment dominated the market in 2017 owing to increasing awareness about bone health among consumers. Moreover, rising disposable income levels and changing lifestyles have led to an increase in cases of chronic diseases including osteoporosis which further boosts product demand. In addition, a rise in sports injuries has resulted in an increased number of surgeries performed by doctors for inserting bone conduction devices. This factor is expected to drive the individual's segment over the forecast period due to high demand for BCDs from this sector.
The clinics & hospitals segment is anticipated register a significant CAGR during the study period owing to growing awareness about bone health among healthcare professionals as well as patients suffering from conditions such as OA&P arthritis & musculoskeletal disorders (OMS).
Regional Analysis:
North America dominated the global bone conduction devices market in 2017. This can be attributed to the presence of a large number of manufacturers and suppliers, high awareness levels coupled with relatively higher healthcare expenditure in this region as compared to other regions. The Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing prevalence of hearing loss, rising disposable income especially in developing countries like India and China, improving healthcare infrastructure along with an increase in medical tourism activities. Moreover, government initiatives are being undertaken by various countries including Japan and Australia for spreading awareness about these devices which will further boost industry growth during the forecast period.
The Asia Pacific is anticipated to be one of the fastest growing markets for bone conduction headphones due its increasing population along with rising disposable income especially among middle-class income groups resulting into improved access & quality services leading into increased demand over time from 2018 - 2030 timeframe.
Growth Factors:
- Increasing prevalence of hearing loss: The Bone Conduction Devices market is expected to grow owing to the increasing prevalence of hearing loss. According to the World Health Organization, over 5% of the world’s population has disabling hearing loss, which is expected to increase to over 900 million by 2050. This will create a high demand for Bone Conduction Devices products and services, thereby driving market growth.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is expected to drive market growth as older individuals are more likely to suffer from hearing loss than younger people. In addition, as people age they are increasingly becoming aware of the benefits of using Bone Conduction Devices products and services for treating their hearing impairment, which will further boost market growth.
- Rising awareness about bone conduction technology: There has been an increase in awareness about bone conduction technology in recent years due to initiatives by various organizations such as Hear Now America! And Starkey Hearing Foundation that aim at spreading awareness about this technology among consumers and healthcare professionals alike . This is likely to lead more people towards using Bone Conduction Devices products and services in the future, propelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bone Conduction Devices Market Research Report
By Type
BAHA, Bone Conduction Headphones
By Application
Clinics, Individuals, Hospitals
By Companies
Aftershokz, Cochlear, Damson Audio, Marsboy, MED-EL, Panasonic, SainSonic, Aftershokz
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Bone Conduction Devices Market Report Segments:
The global Bone Conduction Devices market is segmented on the basis of:
Types
BAHA, Bone Conduction Headphones
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinics, Individuals, Hospitals
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aftershokz
- Cochlear
- Damson Audio
- Marsboy
- MED-EL
- Panasonic
- SainSonic
- Aftershokz
Highlights of The Bone Conduction Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- BAHA
- Bone Conduction Headphones
- By Application:
- Clinics
- Individuals
- Hospitals
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bone Conduction Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bone conduction devices are medical devices that use sound waves to transmit information between the device and the patient's inner ear. This technology is used to treat hearing loss, tinnitus (ringing in the ears), and other conditions.
Some of the major companies in the bone conduction devices market are Aftershokz, Cochlear, Damson Audio, Marsboy, MED-EL, Panasonic, SainSonic, Aftershokz.
The bone conduction devices market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bone Conduction Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bone Conduction Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bone Conduction Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bone Conduction Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bone Conduction Devices Market Size & Forecast, 2018-2028
4.5.1 Bone Conduction Devices Market Size and Y-o-Y Growth
4.5.2 Bone Conduction Devices Market Absolute $ Opportunity
Chapter 5 Global Bone Conduction Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bone Conduction Devices Market Size Forecast by Type
5.2.1 BAHA
5.2.2 Bone Conduction Headphones
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bone Conduction Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bone Conduction Devices Market Size Forecast by Applications
6.2.1 Clinics
6.2.2 Individuals
6.2.3 Hospitals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bone Conduction Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bone Conduction Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bone Conduction Devices Analysis and Forecast
9.1 Introduction
9.2 North America Bone Conduction Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bone Conduction Devices Market Size Forecast by Type
9.6.1 BAHA
9.6.2 Bone Conduction Headphones
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bone Conduction Devices Market Size Forecast by Applications
9.10.1 Clinics
9.10.2 Individuals
9.10.3 Hospitals
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bone Conduction Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Bone Conduction Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bone Conduction Devices Market Size Forecast by Type
10.6.1 BAHA
10.6.2 Bone Conduction Headphones
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bone Conduction Devices Market Size Forecast by Applications
10.10.1 Clinics
10.10.2 Individuals
10.10.3 Hospitals
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bone Conduction Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bone Conduction Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bone Conduction Devices Market Size Forecast by Type
11.6.1 BAHA
11.6.2 Bone Conduction Headphones
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bone Conduction Devices Market Size Forecast by Applications
11.10.1 Clinics
11.10.2 Individuals
11.10.3 Hospitals
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bone Conduction Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Bone Conduction Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bone Conduction Devices Market Size Forecast by Type
12.6.1 BAHA
12.6.2 Bone Conduction Headphones
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bone Conduction Devices Market Size Forecast by Applications
12.10.1 Clinics
12.10.2 Individuals
12.10.3 Hospitals
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bone Conduction Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bone Conduction Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bone Conduction Devices Market Size Forecast by Type
13.6.1 BAHA
13.6.2 Bone Conduction Headphones
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bone Conduction Devices Market Size Forecast by Applications
13.10.1 Clinics
13.10.2 Individuals
13.10.3 Hospitals
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bone Conduction Devices Market: Competitive Dashboard
14.2 Global Bone Conduction Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aftershokz
14.3.2 Cochlear
14.3.3 Damson Audio
14.3.4 Marsboy
14.3.5 MED-EL
14.3.6 Panasonic
14.3.7 SainSonic
14.3.8 Aftershokz
