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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

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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/

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SOURCE Technavio

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Walletium Introduces the TEX Token

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LONDON, Jan. 14, 2025 /CNW/ — Walletium lets customers manage digital assets and traditional currencies on their own terms — all in one place. With the help of Walletium’s native TEX token, sending tokens becomes simpler and faster — even if customers don’t hold them beforehand.

TEX is the operational backbone of the Walletium network:

Transaction Fuel: Powers swaps and internal fees.Real Utility: Grows with platform adoption, rewarding everyday usage.Fair Pricing: Launched at $0.05, reflecting real demand rather than hype.

Central to Walletium is the Walletium Keyring, a universally formatted system for addresses and assets. Customers can freely import, create, and manage their addresses and private keys—without rigid workflows. We’ve designed Walletium to adapt to our customers, ensuring convenience never compromises security.

One of Walletium’s standout innovations is its near-zero fee internal transfers, covering token swaps and P2P transactions. Inside the Walletium ecosystem, customers can send tokens quickly and at minimal cost—even if they temporarily lack that token. TEX fuel dynamically covers these transactions, letting customers interact with any listed token whenever they need it.

To make Walletium user-friendly, we’ve integrated with Telegram via our Walletium Telegram Wallet. Customers can manage crypto on the go without extra installations or complex steps. Whether a new user or a seasoned pro, Walletium adapts to the user’s preferred style.

Walletium goes further than most wallets by offering direct fiat functionality. Load crypto into a virtual card and spend fiat wherever cards are accepted. No more juggling multiple platforms—store, send, and spend both digital and traditional currencies side by side.

Walletium is more than just another wallet; it’s the future of seamless finance. Join us and discover why Walletium is “One to Hold It All.”

Official Wallet: https://t.me/walletiumbot Official Site: https://walletium.netWalletium Wiki: https://wiki.walletium.net

Photo – https://mma.prnewswire.com/media/2595656/Walletium.jpg
Logo – https://mma.prnewswire.com/media/2596664/Walletium_Logo.jpg

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SOURCE Walletium

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Northeast Trade Services Joins Summit Automation as A New MMR

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Summit Automation, the premier door and window automation company, is proud to announce the addition of Northeast Trade Services (NETS) as a new Master Manufacturing Representative (MMR) to its growing roster of authorized partners. Northeast Trade Services will be covering Maine, New Hampshire, Vermont, Connecticut, Rhode Island, and portions of New York outside the areas of New York City and Long Island.

MESA, Ariz., Jan. 14, 2025 /PRNewswire-PRWeb/ — Summit Automation, the premier door and window automation company, is proud to announce the addition of Northeast Trade Services (NETS) as a new Master Manufacturing Representative (MMR) to its growing roster of authorized partners. Northeast Trade Services will be covering Maine, New Hampshire, Vermont, Connecticut, Rhode Island, and portions of New York outside the areas of New York City and Long Island.

“We are beyond excited to begin our expansion into the northeastern United States with Northeast Trade Services, a top-tier window and door installation company,” said Patrick (PJ) Gruetzmacher, CEO of Summit Automation.

“We are beyond excited to begin our expansion into the northeastern United States with Northeast Trade Services, a top-tier window and door installation company,” said Patrick (PJ) Gruetzmacher, CEO of Summit Automation.

A veteran-owned company, Summit Automation proudly invents, engineers, manufactures, and provides the best door and window automation systems in the world, all crafted right here in the USA. The company focuses on high quality, state-of-the-art automation systems that are fully integrated with other home automation components and smart homes to provide ease, convenience, elegance, and a touch of luxury to homes and businesses. Summit Automation’s residential and commercial systems are ETL listed, UL325 compliant, and they are suitable for all sized sliding and pivoting doors and windows.

“We are excited to announce our partnership with Summit Automation,” said Keenan Burns, Co-Founder of Northeast Trade Services. “This collaboration allows us to combine our strengths and deliver automation solutions that enhance both the functionality and value of our installations for our customers. Together, we share a vision of innovation, growth, and providing best-in-class solutions to our customers.”

Michael Roy, Co-Founder of Northeast Trade Services, commented, “Summit Automation provides the best automation solutions for windows and doors, and we are pleased to join their team as a Master Manufacturing Representative. We take great pride in our specialization in window and door installations, and we are thrilled to bring that same level of expertise to the field of automation solutions.”

Northeast Trade Services was born from the knowledge that even the best windows and doors are only as good as a quality installation. With a combined 60 years of experience, founders Keenan Burns and Michael Roy bring a unique skill set to the industry. They are committed to delivering exceptional results for customers and work closely with the trades community throughout the process to ensure the best solutions are achieved.

About Summit Automation:

Summit Automation (https://SummitAutomation.com/) invents, engineers, manufactures, and provides automation systems for homes and businesses across the world. The cutting-edge, reliable systems are easily operated via tamper-proof touchscreen keypads, a smartphone app, smart motion sensors, or voice commands. Summit Automation systems are available exclusively through OEM partners, MMRs, certified dealers, and installers.

Company Contact:

Patrick (PJ) Gruetzmacher, CEOEmail: PJGruetzmacher@SummitAutomation.comPhone: 480-500-5468Website: https://SummitAutomation.com/

About Northeast Trade Services:

Northeast Trade Services (https://netradeservices.com) provides window and door installation, performance testing, and consultation services to the builder and architectural community. The company specializes in providing trade professionals with turnkey window and door installation services – so crews can focus on other parts of projects. Their team of professional installers delivers a seamless experience on residential and light commercial projects.

Company Contacts:

Keenan Burns – Co-FounderMichael Roy – Co-FounderEmail: info@netradeservices.comPhone: Keenan Burns 207-691-0377, Michael Roy 207-542-9985Website: https://netradeservices.com

Media Contact

Patrick (PJ) Gruetzmacher, CEO, Summit Automation, 1 480-500-5468, PJGruetzmacher@SummitAutomation.com, https://SummitAutomation.com/ 

Keenan Burns & Michael Roy, Northeast Trade Services, 1 207-691-0377, info@netradeservices.com, https://netradeservices.com

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SOURCE Summit Automation

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BforeAI Secures Series B Funding to Preempt Malicious Attacks Through PreCrime™ AI

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Funded by Titanium Ventures, investment will accelerate growth into new markets

NEW YORK, Jan. 14, 2025 /PRNewswire/ — BforeAI, the world’s fastest and most accurate predictive attack intelligence and digital risk protection solution, announced today the company has closed an oversubscribed $10 million Series B round of funding led by Titanium Ventures. This investment round brings the company’s total funding to over $30 million and will accelerate market expansion in the utilities, pharmaceutical and healthcare sectors as the company continues to enhance its PreCrime™ platform, expand sales resources, and strengthen partnerships.

“This investment round will enable us to continue our important work to predict and stop new types of attacks before businesses and their customers are harmed,” said Luigi Lenguito, CEO and Founder at BforeAI. “We did not need the additional funding as we closed Series A with SYN Ventures less than 6 months ago. We wanted to work with Titanium Ventures to accelerate our growth into new industry sectors where we have already seen recent success and further increase the scalability of our predictions.”

“BforeAI offers a unique solution in a crowded cybersecurity market, being able to predict, disrupt and stop a cybersecurity event before it happens, putting the customer ahead of the attacker and out of their reactive response mode,” said Marcus Bartram, General Partner at Titanium Ventures. “Titanium thinks that this capability is important and relevant to customers globally and are excited to be working with the BforeAI team to build a large and impactful company.”

BforeAI’s mission is to proactively safeguard data, IT/OT networks, digital assets, customers, employees, and brand reputation. Enabling organizations to effectively preempt risks in advance of an attack, the PreCrime platform is powered by behavioral predictive intelligence, monitors 98% of the Internet to stay ahead of cyber threats by 18 days on average, and has a false positive rate of a mere 0.05%.

Over the past year, BforeAI grew substantially and achieved key milestones, including launching the PreCrime Guarantee and its breach protection pledge in partnership with the leading global cyber insurance provider. The PreCrime Guarantee reimburses customers up to ten times the value of their service contract if impacted by a cyberattack due to a failure by BforeAI’s predictive solution. Most recently, BforeAI was recognized in the 2024 Gartner® Cool Vendors™ for Artificial Intelligence in Banking and Investment Services1. The report serves as a guide to help chief information security officers (CISO), chief information officers (CIO), and chief data officers (CDO) in financial services and cyber fraud fusion centers identify solution partners for quick detection of risks and preemptive action before a fraud attempt even happens.

“BforeAI has quickly proven itself as the leader in predictive security solutions,” said Maria Gotsch, President and CEO, Partnership Fund for New York City. “We were excited to support BforeAI’s relocation of its headquarters to New York following their participation in our FinTech Innovation Lab. By expanding their focus to utilities with this funding round, BforeAI has the potential to play a key role in protecting critical infrastructure in the city and beyond.”

Existing investors SYN Ventures, Karista, and Addendum Capital, recognizing the company’s strong growth trajectory, participated in this round to maintain their ownership stakes.

Stamina Law in New York City, by Jade Ruscev, provided legal counsel to the company for the financing round.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About BforeAI
BforeAI is a pioneer in Predictive Attack Intelligence and Digital Risk Protection Services (DRPS). Our PreCrime platform uses behavioral AI to predict and automatically preempt malicious campaigns, resulting in the fastest, most accurate solution to stop attacks weeks before they happen. To learn more, visit bfore.ai.

About Titanium Ventures
Titanium Ventures Accelerates the Extraordinary – the venture capital firm fuels the growth of standout disruptors. In its first twelve years, 104 investments have generated 44 liquidity events including Auth0, BigCommerce, Box, Cloopen, CrowdStrike, DocuSign, GitLab, Nasuni, OpenGov and Snap. To date, Titanium Ventures’ Revenue Acceleration Platform has driven >USD$660M in revenue for its portfolio companies, extending their reach across the U.S., Australia, Asia, and the UK. In 2022, the firm announced the close of its third fund, bringing Funds Under Management to USD$1 B. To see Titanium Ventures’ full portfolio and learn more, visit www.ti.vc.

1 Gartner, Cool Vendors for Artificial Intelligence in Banking and Investment Services by Jasleen Kaur Sindhu, Uri Lerner, Pete Redshaw, 6 November 2024.

Media Contact:
Andy Tzortzinis
Director of Brand and Product Marketing
BforeAI
media@bfore.ai

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SOURCE BforeAI

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