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United States Bionic Ears Market Forecast Assessment Report till 2025


21st September 2018 - United States Bionic Ears market is expected to grow at the highest CAGR in the upcoming period. A bionic ear is an electronic device designed to produce hearing sensation by electrically stimulating nerves in the inner ear of patients who suffer from severe, profound or total hearing loss. The device consists of stimulator-receiver and a sound processor fixed below the patient’s skin behind the ear. They are used to stimulate the inner ear’s nerves thatsend signals to the brain where these signals are interpreted as sound.

The factors responsible for the growth of market are increasing incidence of hearing disorders among geriatric people, hearing disabilities caused in new born babies, and availability of better infrastructure. The other factors include rising awareness among the population, better diagnostic facilities, and technological advancements in bionic ears. However, high cost of devices, regulatory requirement, and fear of failure of devices are negatively impacting the growth of bionic ears industry.

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The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate, and others. United States Bionic Ears industry is categorized based on device type, end user, and geography. Based on device type, the market is classified as cochlear implant, bone anchored hearing aid, and others. Based on end user, the market is classified as hearing clinics, hospitals, research institutes and others.

Based on geography, the United States Bionic Ears market spans Southwest, The Middle Atlantic, The West, New England, The South, and The Midwest.Key players operating in the United States bionic ears industry are Cochlear Ltd., Sonova, Sivantos Pvt. Ltd., Advanced Bionics AG, and MED-EL. These players are focusing on development & research activities to improve the bionic ears market. Players are focusing on development of waterproof & increasing the quality of bionic ears devices. They are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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