ENT Devices are used to diagnose and treat disorders related to ear, nose and throat. Hearing Implants are electronic devices implanted into the ear of a deaf or hard to hear person. GlobalData uses proprietary data and analytics to provide a comprehensive report on the hearing implants market in South Korea. Buy the latest report here.
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In 2023, GlobalData’s Market Model methodology determined that the leading player in the hearing implants market in South Korea was Cochlear followed by MED-EL Elektromedizinische Gerate, Advanced Bionics, Oticon Medical and Envoy Medical.
Understanding market size can be crucial to evaluate opportunities and make informed decisions about market entry and exit. Medical device companies can identify attractive segments in respective markets as well as develop marketing strategies based on forecasts for those segments.
Hearing Implant Devices transmit sound from the ear to the brain. Cochlear Implants, Bone Anchored Hearing Implants, Auditory Brainstem Implants, and Middle Ear Implants have been tracked under Hearing Implant Devices. A Cochlear Implant (CI) Bionic ear is a device that can be surgically implanted into a person's cochlea to stimulate it to enhance or restore hearing. Middle Ear Implants are used to treat conductive and sensorineural hearing loss. Auditory Brainstem Implants are used to treat patients with hearing loss who can't benefit from a hearing aid or Cochlear implant. Bone Anchored Hearing Implants are used to treat conductive hearing loss.
The hearing implants market in South Korea can expand or contract due to a variety of reasons including population demographics, disease incidence and prevalence, macroeconomic issues, and geopolitical considerations. Disruption to a market could be caused by a sudden, unexpected change in these factors, but it could also be driven by changes in clinical practice, leading to a change in diagnosis or treatment of patients, as part of a process to generally improve medical practice.
For the latest analysis of the market size hearing implants in South Korea, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Medical Intelligence Center Market Models are the gold standard of medical device market valuation, company share estimation and market trend forecasting. GlobalData uses a patient-based forecast model or installed base methodology to determine the market size for therapeutic indications and capital equipment expenditures. Estimates are based on a number of sources, including primary research—KOL and industry contact interviews—and secondary research, such as company reports, press releases, published articles, proprietary databases, and general news media.
