NEW YORK, Aug. 18, 2021 /PRNewswire/ —
Do you know the Bone Conduction Devices Market size is expected to reach a value of $ 3.60 bn during 2021-2025? The market is concentrated, and the degree of concentration will accelerate during the forecast period. AfterShokz, Cochlear Ltd., Damson, GN Store Nord AS, Medtronic Plc, Panasonic Corp., Sivantos Pte. Ltd, Sonova Holding AG, Starkey Laboratories Inc., and Demant AS are some of the major market participants.
The «bone conduction devices market by Product (BAHA and Bone conducting headphones), End-user (Hospitals, Clinics, and Individuals), and Geography (North America, Europe, Asia, and ROW) – Forecast and Analysis 2021-2025″ has been added to Technavio’s offering.
Impact of COVID-19
As the business impact of COVID-19 spreads, the Bone Conduction Devices Market 2021-2025 market is expected to have a Mixed impact due to the spread of the COVID-19 virus. In the short term, the market demand will show At Par growth due to the increase in infections and reduced.
Frequently Asked Questions:
- Based on segmentation by-product, which is the leading segment in the market?
The bone conduction devices market share growth by the BAHA segment leads in the market.
- At what rate is the market projected to grow?
The bone conduction devices market value is projected to grow by USD 3.6 billion during 2021-2025.
- Who are the top players in the market?
AfterShokz, Cochlear Ltd., Damson, GN Store Nord AS, Medtronic Plc, Panasonic Corp., Sivantos Pte. Ltd, Sonova Holding AG, Starkey Laboratories Inc., Demant AS are a few of the major top players in the market.
- What is the key market driver and challenge?
The advantages of BAHA over their substitutes are notably supporting the bone conduction devices market growth. However, one of the foremost factors impeding market growth is complications associated with BAHA.
- How big is the North American market?
40% of the market’s growth will originate from North America during the forecast period.
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The prevalence of hearing loss among the elderly and children, and the rising popularity of bone conduction headphones will offer immense growth opportunities. However, the high cost of BAHA & battery concerns for bone conduction devices are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this bone conduction devices market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Bone Conduction Devices Market 2021-2025: Segmentation
Bone Conduction Devices Market is segmented as below:
- Bone Conducting Headphones
- North America
Bone Conduction Devices Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The bone conduction devices market report covers the following areas:
- Bone Conduction Devices Market Size
- Bone Conduction Devices Market Trends
- Bone Conduction Devices Market Industry Analysis
This study identifies technological advances in hearing aids as one of the prime reasons driving the Bone Conduction Devices Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Bone Conduction Devices Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist bone conduction devices market growth during the next five years
- Estimation of the bone conduction devices market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the bone conduction devices market across North America, Europe, Asia, and ROW
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of bone conduction devices market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- BAHA – Market size and forecast 2020-2025
- Bone conducting headphones – Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Hospitals – Market size and forecast 2020-2025
- Clinics – Market size and forecast 2020-2025
- Individuals – Market size and forecast 2020-2025
- Market opportunity by End-user
- Customer landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- Asia – Market size and forecast 2020-2025
- ROW – Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Cochlear Ltd.
- GN Store Nord AS
- Medtronic Plc
- Panasonic Corp.
- Sivantos Pte. Ltd
- Sonova Holding AG
- Starkey Laboratories Inc.
- Demant AS
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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