LONDON--(BUSINESS WIRE)--The middle ear implants sector has undergone significant technological advancements which have led to an increase in adoption among end-users. Vendors are offering partially as well as fully implantable devices which remain entirely hidden under the skin. These implants can be embedded through minimally invasive procedures under local anesthesia in a procedure room or outpatient clinic. Moreover, with the reduction of size and improvement in the reliability of electronic components, the efficiency and performance of such implantable devices have improved. Such technological advancements will further boost the middle ear implant market growth over the next five years. Furthermore, this industry research report also presents a competitive analysis of the market by product (electromagnetic middle ear implants and piezoelectric middle ear implants), application (sensorineural hearing loss, conductive hearing loss, and mixed hearing loss) and geography (Asia, Europe, North America, and ROW).
Competitive vendor landscape
The global middle ear implants market 2019-2023 is highly competitive with major vendors such as Cochlear Ltd., Envoy Medical Corporation, MED-EL Medical Electronics, Medtronic, Olympus Corporation, and Ototronix, competing based on price, quality, and product/service offerings.
“Government initiatives, rapid urbanization in developing countries, and technological advances are some of the major aspects that are expected to contribute largely to the growth of the middle ear implants market during the forecast period,” says a senior analyst at Technavio.
Top five middle ear implants market vendors
Cochlear Ltd. runs its operations through two segments - cochlear implants and acoustics. The company’s offerings include Carina, which is a fully implantable middle-ear implant. There is no external device, as all the technology remains hidden under the skin, making it a 100% invisible.
Envoy Medical Corporation
Envoy Medical Corporation’s key offerings include ESTEEM. This device has three components, namely, the esteem sensor, the esteem sound processor, and the esteem driver, all of which work simultaneously to allow a natural hearing. This device works without any microphones and other devices in the ear canal that would block the natural path of sound.
MED-EL Medical Electronics
MED-EL Medical Electronics’ key offerings include VIBRANT SOUNDBRIDGE. It is a unique middle ear implant system, which is ideal for individuals who do not experience any improvement with hearing aids or cannot use them for medical reasons.
Medtronic runs its operations through four segments, Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. The company’s key offerings include TORP and PORP. Under TORP, Medtronic offers a wide variety of total ossicular reconstruction prosthesis designs for middle ear implants. PORP provides a wide variety of partial ossicular reconstruction prosthesis designs for middle ear implants.
Olympus Corporation runs its operations through four segments Medical, Scientific Solutions, Imaging, and Others. Its key offerings include OtoMimix, Stapes Prosthesis, and Ossicular Chain Reconstruction (OCR) Prostheses. OtoMimix enables easy and rapid management of ossiculoplasty with a stable hydroxylapatite biocompatible cement. The Stapes Prosthesis is available in a wide range of clinical materials and shapes. OCR Prostheses, provide innovative implants and PORP and TORP prostheses in a variety of materials to meet surgeons’ preferences.
Ototronix key offerings include MAXUM. It is a revolutionary middle ear implant system, which consists of a small rare-earth magnet that is implanted on the bones of the middle ear along with an advanced sound processor, which is worn in the ear canal. The implantation procedure is minimally invasive and therefore, can be performed under local anesthesia in an outpatient clinic or procedure room.
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