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Middle Ear Implants Market Business Opportunties and Growth 2018 to 2026
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Middle implant ear is a small device inserted into the middle ear and coupled to ossicles. Middle ear implants are devices designed for those who suffer mild- moderate mix or sensorineural hearing loss and conductive hearing loss. Middle ear implant is an advanced technology for the conventional use of hearing aid. A middle ear implant is recommended for people suffering from earmould allergies, skin problems, ear infections, collapsed or closed ear canals, etc. It can also serve as an alternative to bone anchored hearing aid. The difference between middle ear implant and other hearing aid is that it do not require a speaker. Middle ear implant transmits sound to the middle ear through the microphone placed behind the ear. The microphone converts sound to mechanical vibration and is sent to floating mass transducer placed in the middle ear.
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Major players involved in the middle ear implants market include:
Envoy Medical, Ototronix, MED-EL Corporation, Medtronic, CENTILLION and Cochlear.
Middle ear implants are broadly classified as piezoelectric and electromagnetic. Piezoelectric products uses piezoelectric crystal, applied electric charge cause crystals to bend and the bend crystal generates electric charge that causes inner ear bones to vibrate. Electromagnetic product uses external microphone and send the signal through the coil and converts to magnetic field. Piezoelectric middle ear implant is expected to contribute major share to the overall middle ear implants industry. On the basis of type of hearing loss, market is segmented into conductive, sensorineural, and mixed.
Major middle ear implant products in the market:
Esteem Hearing Implant (Envoy Medical), MAXUM Hearing Implant (Ototronix), cochlear implant (CI) system (MED-EL Corporation), Ossicular (middle ear) implant (Medtronic)
Increasing concerns related to hearing loss is expected to drive growth of the market in middle ear implants. As per a WHO report, as of 2012, around 360 million people worldwide suffered from hearing loss, which accounts for around 5.3% of the world population. Out of the total hearing loss patient population, 91% were adults with children accounting for the rest. The increasing cases of hearing loss due to exposure to loud noise, trauma, viral infections, increasing geriatric population, and rising incidence of malformation of inner ear are expected to drive growth of the overall middle ear implants industry. Increasing government regulations for early screening, diagnosis and treatment of hearing problems further augments growth of the middle ear implant market.
Global middle ear implants market taxonomy:
The global market is classified on the basis of the following segments:
Piezoelectric Middle Ear Implant
Electromagnetic Middle Ear Implant
Type of Hearing Loss
Mixed (conductive and sensorineural)
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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