Connect with us

Technology

Bone Conduction Devices Market size is set to grow by USD 6.60 billion from 2024-2028, Advantages of BAHAs over their substitutes boost the market, Technavio

Published

on

NEW YORK, June 17, 2024 /PRNewswire/ — The global bone conduction devices market size is estimated to grow by USD 6.60 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 15.2% during the forecast period. Advantages of BAHAs over their substitutes is driving market growth, with a trend towards technological advances in hearing aids. However, complications associated with BAHAs poses a challenge. Key market players include BHM Tech Produktionsgesellschaft mbH, Cochlear Ltd., Damson, Demant AS, DQC, GN Store Nord AS, INVISIO AB, MED EL Elektromedizinische Gerate GmbH, Medtronic Plc, Motorola Solutions Inc., Oticon Medical AS, Panasonic Holdings Corp., SeboTek Hearing Systems LLC, Shokz, Sonova AG, Starkey Laboratories Inc., WeHear Hearing Solutions, Widex AS, WS Audiology AS, and Zounds Hearing Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Bone Conduction Devices Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.2%

Market growth 2024-2028

USD 6606.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.86

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 41%

Key countries

US, Germany, UK, China, and Canada

Key companies profiled

BHM Tech Produktionsgesellschaft mbH, Cochlear Ltd., Damson, Demant AS, DQC, GN Store Nord AS, INVISIO AB, MED EL Elektromedizinische Gerate GmbH, Medtronic Plc, Motorola Solutions Inc., Oticon Medical AS, Panasonic Holdings Corp., SeboTek Hearing Systems LLC, Shokz, Sonova AG, Starkey Laboratories Inc., WeHear Hearing Solutions, Widex AS, WS Audiology AS, and Zounds Hearing Inc.

Market Driver

The bone conduction devices market is witnessing significant advancements, with vendors focusing on producing hearing aids that offer superior noise reduction and ease of use. Innovations include percutaneous bone conduction devices, which prevent skin compression, and transcutaneous implantable bone conduction devices with improved transducers. Cochlear’s BAHA technology leads the way, offering direct iPhone control, Bluetooth connectivity, and binaural synchronization. Oticon Medical’s Streamer for Ponto Plus provides wireless audio transmission and telecoil access. These technological improvements are expected to boost market growth during the forecast period. 

The bone conduction devices market is experiencing significant growth, with technologies such as Open Ear and Osseointegrated solutions gaining popularity. Companies are focusing on improving the comfort and effectiveness of these devices, with a concentration on developing lighter and more discreet designs.

The use of advanced materials and technologies, like Class D amplifiers and micro-electromechanical systems (MEMS), is driving innovation in the industry. Additionally, the integration of AI and machine learning algorithms is enabling better personalization and customization for users. The market is expected to continue its upward trend, with strong demand from the healthcare, military, and sports industries. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Bone conduction devices face several challenges, impacting market growth. Intraoperatively, thin skulls in children can cause bleeding. Post-surgery, local infections and inflammation at implant sites are common due to poor hygiene. Osseointegration failure, where the bone fails to connect directly with the implant, requires additional surgeries. Skullbone overgrowth in children can damage implants. Additionally, short battery life in sound processors inconveniences users. These complications hinder the growth of the bone conduction devices market.The bone conduction devices market faces several challenges. Hearing aids and headphones are popular applications. Classes of rooms, such as home and office, and environments like outdoor and transportation, present unique challenges. Devices must be comfortable and securely fit to ensure effective bone conduction.Pediatric applications require special considerations. Percutaneous and transcutaneous methods pose challenges in terms of cost and complexity. Geriatric populations and those with disabilities require accessible designs. Devices must offer clear and distinct sound quality. Additionally, integration with other technologies, such as AI and Bluetooth, is essential for market growth. Overall, the bone conduction devices market requires innovative solutions to address these challenges and meet the diverse needs of consumers.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Product 1.1 BAHA1.2 Bone conducting headphonesEnd-user 2.1 Hospitals2.2 Clinics2.3 IndividualsGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 BAHA- The Bone Conduction Devices market refers to the production and sale of devices that transmit sound through the bones instead of the air. These devices cater to various applications, including sports, military, and hearing aids. Market growth is driven by factors such as increasing consumer preference for wireless and hands-free solutions, technological advancements, and rising awareness about hearing health. Major players in this market include Sony, Bose, and Nuheara.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Bone Conduction Devices market encompasses innovative solutions in the field of Audiology and Otolaryngology, leveraging Communication technology for individuals with various types of hearing losses. These devices utilize Transducers and the unique properties of the Skull’s bones to bypass the Outer and Middle ear, directly stimulating the Cochlea for sound perception.

Wireless connectivity enables seamless integration with other systems and accessories, such as Sound Processors. Bone conduction headphones cater to both Pediatrics and Adults, addressing Unilateral hearing loss, Conductive hearing losses, and Mixed hearing losses. Audiologists play a crucial role in diagnosing and fitting these devices, while Telecare and ENT clinics offer essential services for their assessment and maintenance.

Market Research Overview

The Bone Conduction Devices market refers to the industry that produces and supplies bone conduction technology-based devices for various applications. These devices bypass the ear canal and directly stimulate the bones of the skull, allowing sound waves to reach the inner ear.

The market is driven by the growing demand for wireless headphones and hearing aids, as bone conduction technology offers advantages such as situational awareness and improved comfort. Additionally, advancements in technology have led to the development of more efficient and effective bone conduction devices. The market is expected to grow significantly in the coming years due to these factors and increasing consumer awareness.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductBAHABone Conducting HeadphonesEnd-userHospitalsClinicsIndividualsGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/bone-conduction-devices-market-size-is-set-to-grow-by-usd-6-60-billion-from-2024-2028–advantages-of-bahas-over-their-substitutes-boost-the-market-technavio-302173051.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Orion Innovation Names Brian Bronson Chief Executive Officer

Published

on

By

Technology Industry Executive and Leader to Drive Next Phase of Company Growth

EDISON, N.J., Nov. 15, 2024 /PRNewswire/ — Orion Innovation (“Orion”), a leading digital transformation and product development services firm, today announced the appointment of Brian Bronson as Chief Executive Officer, effective immediately. With over 25 years of leadership experience across global technology sectors, Bronson will lead Orion’s next phase of growth and transformation, focusing on expanding the company’s digital capabilities and market presence. Brian succeeds Raj Patil, who will transition to an advisory role with the company and One Equity Partners.

“Brian’s impressive track record of driving profitable growth and leading large-scale organizational transformation makes him the ideal leader for Orion’s next chapter,” said Carlo Padovano, Partner at One Equity Partners and Lead Director of Orion Innovation. “His deep expertise in product engineering, GenAI adoption, and digital transformation perfectly aligns with our vision for Orion’s future.

On behalf of the Orion Board, I’d like to thank Raj for his leadership and dedication in helping develop Orion into a market leader. Raj will transition to an advisory role with the company and One Equity Partners.”

“I’m honored to take on this role and excited about the tremendous opportunities ahead for Orion,” said Bronson. “The company has built an impressive foundation with a blue-chip roster of clients, a global delivery platform, and a talented team with deep domain and engineering expertise. I look forward to working closely with our employees, clients, and partners as we deliver transformative solutions to our clients, drive innovation, and scale our capabilities.”

Before joining Orion, Brian served as EVP of US Telecom, Media, and Entertainment at Capgemini. Additionally, he led the integration and execution of Capgemini’s global engineering services business across the Americas and Asia. This included driving growth in many industries leveraging innovative capabilities tied to 5G, connectivity, and software product engineering. Previously, as President & CEO of Radisys, a leading provider of open telecom solutions, he led the company’s strategic transformation from a hardware company to a provider of cutting-edge software and enabling technologies for the telecom, technology, and medical industries. This transformation culminated in the sale of Radisys to Reliance Industries in 2018, marking a successful exit for the company.

About Orion Innovation

Orion Innovation (“Orion”) is a leading digital transformation and product development services firm. Rooted in engineering and design thinking, along with a unique combination of agility, scale, and maturity, its team of approximately 6,400 associates helps Fortune 1000 companies improve efficiencies, enhance customer experiences, and develop new digital offerings. Through its delivery centers in North America, EMEA, India and Latin America, Orion serves clients across Telecom, Media & Technology, Sports & Entertainment, Professional Services, Financial Services, and Healthcare industries. For more information, visit www.orioninc.com

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

Photo: https://mma.prnewswire.com/media/2558782/Brian_Bronson_Orion_Innovation.jpg
Logo: https://mma.prnewswire.com/media/2195243/4953138/Orion_Innovation_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/orion-innovation-names-brian-bronson-chief-executive-officer-302306598.html

Continue Reading

Technology

Morrison Securities launches one of Australia’s first plug-and-play global trading to 15 countries with ViewTrade

Published

on

By

SYDNEY, Nov. 15, 2024 /PRNewswire/ — Equities clearing business Morrison Securities (“Morrison”) is launching one of Australia’s first plug-and-play global trading to 15 countries with trading technology provider ViewTrade.

This will mean Morrison’s 38,000+ active clients trading $30 billion annually will only need to go through KYC once and then will be provided unprecedented rapid global trading access.

Morrison will now also offer enhanced global equity and options trading, fixed income, ETFs, seamlessly integrate domestic and global trading, and choice between fully disclosed or omnibus operating models.

ViewTrade has calculated that implementation of solutions like this across all of Australia’s global trading could generate efficiencies of nearly $240 million annually.

A business the size of Morisson launching this solution is a watershed moment for enhancing global opportunities for Australia’s wealth management sector, according to ViewTrade.

Nigel Singh, CEO of ViewTrade International Australia, said: “We are excited to work with Morrison Securities. Together, we are unlocking a world of investment opportunities for Australians. By accessing global markets, firms can offer their clients more diversified portfolios, reducing risk and protecting wealth. This benefits both domestic and international clients. We invite other firms to join us in this partnership and unlock the potential of global market access.”

William Slack, CEO of Morrison Securities, said: “We’ve designed a solution that integrates global market access into our domestic offering for a superior customer experience. With our combined expertise, we’re confident in delivering an efficient, scalable solution tailored to the specific needs of our clients.”

Laksh Gangwani, Chief Revenue Officer – APAC and Middle East at ViewTrade, added: “We are thrilled about the partnership with Morrison Securities as they launch one of Australia’s first plug-and-play global trading solutions to 15 countries. Morrison’s integrated approach to technology, compliance, and operations is enabling investors to complete KYC once, while accessing multiple markets and asset classes with ease. This will ensure Australian investors can build diversified international portfolios with ease.”

ViewTrade (www.viewtrade.com) is a global leader in investment and trading infrastructure solutions that power cross-border investing for financial services firms throughout the world. ViewTrade provides the technology, support, and brokerage services that business innovators need to launch or enhance retail investing experiences. For more than 20 years, ViewTrade has partnered with over 300 clients – from technology startups to large banks, brokers and advisors – to deliver innovative investment solutions and exceptional customer service.

Morrison Securities (https://www.morrisonsecurities.com/) Established in 1985, Morrison Securities is an Australian Broking firm specialising in trading, execution, and clearing services tailored to advisory firms and wholesale clients. They partner with firms to navigate operational challenges and help them realise their full potential. Their comprehensive suite of solutions covers seamless international market access, advanced equities and options trading, capital raising and DVP settlement services, integrated APIs, and stock lending. With a platform-agnostic approach and enterprise-level client service, they prioritise operational excellence and long-term partnerships.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/morrison-securities-launches-one-of-australias-first-plug-and-play-global-trading-to-15-countries-with-viewtrade-302306604.html

SOURCE ViewTrade

Continue Reading

Technology

Australia’s least-favourite chores just got easier with Roborock’s Black Friday & Cyber Monday deals

Published

on

By

SYDNEY, Nov. 15, 2024 /PRNewswire/ — Roborock, the global best-selling robot vacuum brand[i], is thrilled to announce its exclusive deals for Black Friday and Cyber Monday 2024.

Starting from 21 November to 4 December 2024, Roborock is offering significant discounts on a wide range of popular models, with savings of up to $700 – including popular models such as the S8 MaxV Ultra, Qrevo MaxV, Q8 Max+, Qrevo Master, Qrevo S, and Flexi Pro.

In a recent survey conducted across Australia, Roborock found that 27% of Australians would happily skip cleaning their floors forever, with many Aussies also admitting to neglecting high-maintenance tasks such as vacuuming, mopping, and appliance cleaning. With these cleaning challenges in mind, Roborock is offering unbeatable savings on popular models across Black Friday and Cyber Monday, with savings of up to $700.

The deals are available at Robrock Australia’s Official Online Store, Roborock’s Amazon storefront and all authorised retailers.

 Black Friday & Cyber Monday Deals

S8 MaxV Ultra – (SAVE $700) – MSRP $2,999 / Promo: $2,299The S8 MaxV Ultra is the company’s most powerful one-stop cleaning solution, combining the company’s most sophisticated deep cleaning technology with user-friendly features. The model introduces a unique robotic arm and an extra mop that efficiently cleans challenging areas with complete corner cleaning capabilities. Newly launched.Qrevo Master – (SAVE $700) – MSRP $2,699 / Promo: $1,999Newly launched and the most advanced model in the mid-range Qrevo series, the Qrevo Master is built for those who seek top-of-the-line cleaning technology at a mid-range price point. With high-powered suction, deep corner cleaning capabilities, and complete self-maintenance features, it’s designed to tackle the toughest cleaning challenges effortlessly.

Qrevo MaxV – (SAVE $700) – MSRP $2,199 / Promo: $1,499Offers users a complete hands-free floor cleaning experience at the mid-range price point, taking both vacuuming and mopping off your plate while combining powerful cleaning functions, self-maintenance capabilities, and intelligent features such – as pet recognition from flagship models – into one convenient cleaning package.

Qrevo S – (SAVE $400) – MSRP $1,499 / Promo: $1,099Newly launched, the Qrevo S is ideal for those looking for their first robot vacuum that excels at both vacuuming and mopping with self-maintenance features. It blends cleaning performance with a streamlined design for everyday cleaning.

Q8 Max+ – (SAVE $500) – MSRP $1,299 / Promo: $799The Q8 Max+ delivers high-performance cleaning with enhanced navigation and automatic dirt disposal. It’s equipped with powerful suction and a flagship roller brush system making it perfect for homes with mainly hard floors, ensuring a deep and thorough clean.

Flexi Pro – (SAVE $300) – MSRP $999 / Promo: $699 (Available starting 14th November)The Flexi Pro is a versatile handheld vacuum option designed for deep floor cleaning and tight spaces. Capable of handling both wet and dry messes, and the ability to clean itself after every clean-up, the Flexi Pro tackles all types of messes with ease.

According to Roborock’s recent survey, garages are the dirtiest spaces in Australian homes, with 46% of respondents admitting they need more attention. Other problem areas include bathrooms (41%), kitchens (38%), and even kids’ playrooms (32%). Given the demands of busy lives, it’s easy to see why some chores fall through the cracks.

With these exclusive Black Friday and Cyber Monday offers, Roborock makes it easier than ever for Aussies to maintain a clean and comfortable home – without the hassle. Whether it’s tackling neglected garages, high-traffic kitchens, or hard-to-reach corners in the bathroom, Roborock’s innovative products are ready to take on the task.

For more information on Roborock products, please visit https://au.roborock.com  

-ENDS-

Notes to Editors: 

The Roborock survey was conducted by TGM Research and involved 1,028 nationally representative respondents across Australia. The survey aimed to understand the cleaning habits, preferences, and challenges faced by Australians ahead of the launch of Roborock’s Qrevo Master, Qrevo S and H5. 

About Roborock     

Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. With a steadfast dedication to becoming a global leading smart appliance player, Roborock enriches liveswith its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in over 15 million homes across 170+ countries.  Headquartered in Beijing and with strategic subsidiaries in key markets, including the United States, Japan, the Netherlands, Poland, Germany, and South Korea, Roborock is dedicated to elevating its market presence worldwide. For more information, visit https://au.roborock.com/.    

[i] [1] The data comes from Euromonitor International (Shanghai) Co., Ltd. The sales figures of robotic vacuum cleaners worldwide in the first three quarters of 2023 (in RMB hundred million) were used for calculation. Roborock ranks first in the industry. Robotic vacuum cleaner refers to vacuum cleaners that automatically move around rooms using sensors to clean floors. The research was completed in February 2024.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/australias-least-favourite-chores-just-got-easier-with-roborocks-black-friday–cyber-monday-deals-302306571.html

SOURCE Roborock

Continue Reading

Trending