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Auditory Brainstem Implant Market Size Estimated to Reach USD 76.9 Million by 2026, with Top Industry Players – Cochlear Limited, Med-EL, Oticon Medical and More

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Auditory Brainstem Implant Market Size Estimated to Reach USD 76.9 Million by 2026, with Top Industry Players – Cochlear Limited, Med-EL, Oticon Medical and More

April 28
02:01 2021
Auditory Brainstem Implant Market Size Estimated to Reach USD 76.9 Million by 2026, with Top Industry Players - Cochlear Limited, Med-EL, Oticon Medical and More

Auditory Brainstem Implant Market
Favorable government initiatives & reimbursement policies, collaborations for technical efficiency in auditory brainstem implants, increasing awareness and rising penetration rate in new markets are key factors contributing to high CAGR of Auditory Brainstem Implant market during the forecast period.

The global Auditory Brainstem Implant Market was valued at USD 57.7 Million in 2018 and is expected to reach USD 76.9 million by the year 2026, at a CAGR of 3.6%. An auditory brainstem implant (ABI) is operated on people suffering from profound sensorineural hearing loss. The auditory brainstem implants directly aids in the functioning of the hearing pathway of the brainstem without any interaction with the hearing nerve or inner ear which involves a complex neurosurgery to the brainstem. The major use of this procedure is for the adults diagnosed with neurofibromatosis type 2, a rare genetic disorder which causes development of tumors on the nerve. However it is being operated now on children as well as adults with other inner ear and nerve abnormalities. One of the initial hearing aid machines for brainstem implants were by Cochlear Ltd.’s, a leading company in electronic hearing machines industry, Nucleus 24 ABI for teenagers and adults which got FDA approved in the year 2000. In recent years few other machines have gained popularity due to their MRI compatible machines. The machine comprises of a receiver/stimulator, a pocket sized speech processor worn on the body, and the microphone/headset. Other applications of this procedure is associated with people who do not have operational hearing nerve in either ear, or with deaf people due to their abnormally shaped cochlea. Factors responsible for hearing loss includes complication present by birth, infectious diseases, genetic origins, chronic infections of ear, contact to excessive noise, through consumption of particular drugs, and ageing.

According to World Health Organization, approximately 466 million people across the globe have disabling hearing loss, out of which 34 million are children. It is projected that by 2050 around 900 million individuals will have disabling hearing loss. These dynamics are likely to affect the ABI market in the future. Other factors such as the rising geriatric population, increasing incidence of hearing loss by birth, and rising noise pollution issues around the globe are anticipated to drive the market. However the brainstem implants are associated with few risks during and after the implantations which will impede the growth of this industry.

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Key findings in the report:

  • According to CDC, (Center for Disease Control and Prevention), over 30% of the total hearing loss complications after birth are caused by infections during pregnancy, environmental causes and certain complications after birth. Moreover according to the data, nearly 50-60% of the cases of hearing loss in children are due to the genetic defects which leads to further complications.
  • Current cochlear implants are unable to regain hearing in patients with inner ear injury. It is required to have a direct electrical stimulation of the auditory brainstem, which can be achieved using an ABI. The success of neuroprosthetic ABIs has been limited, with patients often only recovering sound perception rather than full hearing.
  • The clinical ABI machines are stiff and creates hindrance in hearing due to the brainstem’s curved shape. A research Institute of Switzerland called EPFL with clinicians from Harvard Medical School and Massachusetts Eye and Ear developed a new implant device of soft electronic interface made from a pliable platinum array. This device is elastic and comfortable to be fitted around the curvature of the brainstem.
  • North America remains the key revenue generating geographical segment in Auditory Brainstem Implant market. The geographical segment accounted for USD 20.8 million in 2018. Availability of research funds from public as well as private sources, availability of state-of-art technologies, presence of key market players in the region, favorable reimbursements for implantation procedures, rising focus on precision devices, and rising awareness about effectiveness of implantation surgeries, are among the key factors driving the market growth for Auditory Brainstem Implant in this region
  • The global Auditory Brainstem Implant market is highly fragmented with major players like Cochlear Limited (Australia), Med-EL (Austria), Oticon Medical (Denmark), Nurotron’s Biotechnology Co. Ltd. (China), Sonova Holding AG (Switzerland) collectively constituting a competitive market.

Auditory Brainstem Implant Market Analysis, By Medical Condition, Components, End User, Region, Forecasts to 2026, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/auditory-brainstem-implant-market

For the purpose of this report, Reports and Data has segmented the Auditory Brainstem Implant market on the basis of medical condition, components used, end users and region:

Medical Condition Outlook (Revenue in Million USD; 2016–2026)

  • Major Cochlear Malformation
  • Complete Cochlear Ossification
  • Fracture of the Petrous Pyramid
  • Axonal Neuropathy
  • Auditory Nerve Tumours
  • Complete Oliteration of both Auditory Nerves

Components Outlook (Revenue in Million USD; 2016–2026)

  • Microphone 
  • Decoding Chip
  • Electrodes

End User Outlook (Revenue in Million USD; 2016–2026)      

  • Adults
  • Pediatric

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Regional Outlook (Revenue in USD Billion; 2017–2026)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Egypt
    • Rest of MEA

Table Of Content

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Indicative Metrics

    3.1. Increasing noise pollution around the globe

    3.2. Increased healthcare expenditure towards better quality of life

    3.3. Rising awareness initiatives from private and public bodies

Chapter 4. Auditory Brainstem Implant Segmentation & Impact Analysis

    4.1. Auditory Brainstem Implant Segmentation Analysis

    4.2. Auditory Brainstem Implant Market Value Chain Analysis, 2016-2026

……………..

Chapter 9. Competitive Landscape

    9.1. Market Revenue Share by Manufacturers

    9.2. Manufacturing Cost Breakdown Analysis

    9.3. Mergers & Acquisitions

    9.4. Strategy Benchmarking

    9.5. Vendor Landscape

Chapter 10. Company Profiles

    10.1. Cochlear Limited (Australia)

           10.1.1. Company Overview

           10.1.2. Financial Performance

           10.1.3. Product Length Benchmarking

           10.1.4. Strategic Initiatives

    10.2. Med-EL (Austria)

           10.2.1. Company Overview

           10.2.2. Financial Performance

           10.2.3. Product Length Benchmarking

           10.2.4. Strategic Initiatives

    10.3. Oticon Medical (Denmark)

           10.3.1. Company Overview

           10.3.2. Financial Performance

           10.3.3. Product Length Benchmarking

           10.3.4. Strategic Initiatives

    10.4. Nurotron’s Biotechnology Co. Ltd. (China)

           10.4.1. Company Overview

           10.4.2. Financial Performance

           10.4.3. Product Length Benchmarking

           10.4.4. Strategic Initiatives

    10.5. Sonova Holding AG (Switzerland)

            10.5.1. Company Overview

            10.5.2. Financial Performance

            10.5.3. Product Length Benchmarking

            10.5.4. Strategic Initiatives

Continue …

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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