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Bionic Ear Market by Technology, Treatment and Application (2017–2024)

Bionic Ear Market is set to witness lucrative growth owing to the remarkable innovation in rechargeable devices, economic growth in emerging countries, and rising investments by manufacturers for developments of next generation sound processors. Rising prevalence of hearing disorders should lift the demand for the product. Increasing geriatric population is likely to create larger patient pool of people living with hearing loss.<br>According to WHO, there are more than 360 million people in the world affected with hearing loss disability. Hearing loss is one of the leading global disorder. As stated by the Royal National Institute for Deaf People, prevalence of disorder increases with age, affecting 70% of people over 70 and 42% people over 50. Moreover, increasing healthcare spending and prelaunch of bionic ear devices are some other factors driving the industry size.<br>

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Bionic Ear Market by Technology, Treatment and Application (2017–2024)

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  1. Bionic Ear Market size is projected to experience significant growth from 2017 to 2024.: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of Bionic Ear Market : • Bionic Ear Market is set to witness lucrative growth owing to the remarkable innovation in rechargeable devices, economic growth in emerging countries, and rising investments by manufacturers for developments of next generation sound processors. • Rising prevalence of hearing disorders should lift the demand for the product. Increasing geriatric population is likely to create larger patient pool of people living with hearing loss. • According to WHO, there are more than 360 million people in the world affected with hearing loss disability. Hearing loss is one of the leading global disorder. As stated by the Royal National Institute for Deaf People, prevalence of disorder increases with age, affecting 70% of people over 70 and 42% people over 50. • Moreover, increasing healthcare spending and prelaunch of bionic ear devices are some other factors driving the industry size.

  3. Low adoption of bionic ear due to inadequate insurance plans, high medical & device cost and complexities associated with device batteries may restrain the bionic ear market size during the forecast period. • The overall high cost of product adoption is attributed to several factors such as various evaluations to surgery, hospital costs, doctor’s fees, medication, operating room supplies, and the device used in instruments. • Binaural devices play a key role in implantation procedure. Binaural implants are tested for auditory discrimination in order to quantify binaural differences. • Increase in aging population worldwide and the number of individuals with hearing loss witnesses’ lucrative growth opportunities.

  4. Competitive Market Share of Bionic Ear Market • U.S. scar treatment market will witness significant growth over the forecast period owing to growing public appearance consciousness. Widespread prevalence of skin disorders such as acne will propel the regional industry growth. • As per American Academy of Dermatology 2016 statistics, acne is the most common skin condition in the country affecting nearly 50 million individuals. Increasing disposable incomes coupled with increasing spending on personal care products will boost demand. Moreover, rising number of road accidents leading to injuries will stimulate industry growth. • Brazil scar treatment market should grow at robust rate owing to increasing desire among the population to look beautiful and high per capita expenditure on cosmetic procedures. Increasing medical tourism for undergoing various cosmetic procedures would further aid industry expansion.

  5. Browse Full Market Research Report On Bionic Ear Market@ http://bit.ly/2uhF7Fp Request for an in-depth table of contents for this report @ http://bit.ly/2uPtvfM

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