Tinnitus Medical Devices
Gloves, gowns, masks, face shields, respirators, and other Tinnitus Medical Devices help to reduce exposure to dangerous substances or infectious microorganisms in the clinical setting.
DelveInsight’s “Tinnitus Medical Devices Market” report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Tinnitus Medical Devices companies actively working in the market.
Tinnitus Medical Devices Market Insights
Geographically, In 2021, as well as during the forecast period of 2023–2028, North America is anticipated to lead the global market for tinnitus medical devices. During the forecast period of 2023–2028, the demand for the North American tinnitus medical devices market is anticipated to be driven by the rising prevalence of hearing disorders, escalating burden of the geriatric population, rising number of product launches, along with rising number of government initiatives made for the safety, and wellbeing of the population’s hearing healthcare.
DelveInsight Tinnitus Medical Devices Analysis: The Global Tinnitus Medical Devices market size was valued approximately USD 1855 Million in 2021 and anticipated to reach USD 2259 Million by 2028 with a CAGR of 3.49% during the forecasted period (2023-2028)
To know more about why North America is leading the market growth in the Tinnitus Medical Devices market, get a snapshot of the report Tinnitus Medical Devices Market Trends
Recent Developments in the Tinnitus Medical Devices Market Report
In August 2022, GN Hearing, a global leader in intelligent audio solutions, had announced the launch of ReSound OMNIA that provides significantly better hearing in noisy environments, with optimal comfort having a seamless connection to the devices.
In May 2022, Neuromod Devices Ltd, develop and commercialize a treatment for chronic tinnitus, reached an agreement with HØR AS, Norway’s largest private provider of hearing and tinnitus care, to make its Lenire tinnitus treatment device available in Norway.
In March 2022, Starkey, a privately held, global hearing technology company headquartered in Eden Prairie, Minnesota, announced that its newest and most advanced family of hearing aids, Evolv AI, is available for the people in the market.
Thus, owing to such developments in the market, rapid growth will be observed in the Tinnitus Medical Devices market during the forecast period
Tinnitus Medical Devices Market Drivers
Increasing Prevalence of Injuries
Tinnitus Medical Devices Market Barriers
High Cost of Advanced Device
Potential Mechanical Limitations of Systems
To read more about the latest highlights related to Tinnitus Medical Devices, get a snapshot of the key highlights entailed in the Tinnitus Medical Devices
Key Players in the Tinnitus Medical Devices Market
Some of the key market players operating in the Tinnitus Medical Devices market include- Starkey Laboratories, Inc., Neuromod, Neuromonics, Demant A/S, Puretone Ltd., GN Store Nord A/S, WS Audiology A/S, Sonova, MDHearing, Elkon Pvt. Ltd., Audina Hearing Instruments, Inc., Arphi Electronics Private Limited, Foshan Vohom Technology Co., Ltd., KIND GmbH & Co. KG, RION Co., Ltd., Istok Audio Trading LLC, Eargo Inc., AlgorKorea Co., Ltd., Lisound Hearing Aid (Fuzhou) Co., Ltd., Guangzhou Melison Medical Instrument Co., Ltd., and others.
COVID-19 Impact Analysis on the Tinnitus Medical Devices Market
The need for tinnitus medical devices will rise in tandem with the rise in risk factors for the condition, such as traumatic brain injury, Meniere’s disease, sclerosis, head injury, damage to the vestibulocochlear nerve, and others. For instance, traumatic brain injury (TBI) is frequently linked to the development of tinnitus, and in the United States in 2019, there were approximately 223,135 hospitalisations owing to TBI, according to the Centres for Disease Control and Prevention (NINDS) 2022.
Additionally, the market for tinnitus medical devices has been slightly influenced by the COVID-19 epidemic. During the pandemic, ENT departments, ENT clinics, audiology centres, and other facilities were closed in order to prevent the spread of the disease among patients and hospital staff. The outbreak of the pandemic caused the cancellation of outpatient visits and the suspension of non-emergency hospitals. Additionally, production of the gadgets was halted due to a shortage of resources and labour. Additionally, tinnitus patients did not have easy access to some medical devices because they were not classified as emergency needs, such as hearing aids and others. As a result, there was a decline in the need for tinnitus medical equipment during the pandemic. So, during the projected period, the market for Tinnitus Medical Devices is anticipated to continue expanding (2023-2028).
Scope of the Tinnitus Medical Devices Market Report
Study Period: 2020–2028
Tinnitus Medical Devices Market Segmentation By Product Type: Sound Masking Devices, Notched- Music Devices, Hearing Aids, and Others
Tinnitus Medical Devices Market Segmentation By End-User: Hospital and Retail Pharmacy, Specialty Clinics, and Others
Tinnitus Medical Devices Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
Key Tinnitus Medical Devices Companies: Starkey Laboratories, Inc., Neuromod, Neuromonics, Demant A/S, Puretone Ltd., GN Store Nord A/S, WS Audiology A/S, Sonova, MDHearing, Elkon Pvt. Ltd., Audina Hearing Instruments, Inc., Arphi Electronics Private Limited, Foshan Vohom Technology Co., Ltd., KIND GmbH & Co. KG, RION Co., Ltd., Istok Audio Trading LLC, Eargo Inc., AlgorKorea Co., Ltd., Lisound Hearing Aid (Fuzhou) Co., Ltd., Guangzhou Melison Medical Instrument Co., Ltd., among others
Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Which MedTech key players in the Tinnitus Medical Devices market are set to emerge as the trendsetter explore @ Tinnitus Medical Devices
Table of Contents
Tinnitus Medical Devices Market Report Introduction
Tinnitus Medical Devices Market Executive summary
Regulatory and Patent Analysis
Tinnitus Medical Devices Market Key Factors Analysis
Porter’s Five Forces Analysis
COVID-19 Impact Analysis on Tinnitus Medical Devices Market
Tinnitus Medical Devices Market Layout
Global Company Share Analysis – Key 3-5 Companies
Company and Product Profiles
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