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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A medical device can be any instrument, apparatus, tool, machine, appliance, implant, in vitro reagent, software, substance, or other similar or related item that is intended by the manufacturer to be used, either alone or in combination, for a medical purpose.
The Norway Medical Devices Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In Norway, Neuromod Devices introduces a tinnitus treatment gadget. In order to make its Lenire tinnitus treatment device available in Norway, Irish medical device business Neuromod Devices, which specialises in the treatment of tinnitus, has reached a deal with HR AS, Norway's largest private provider of hearing and tinnitus care.
Clinical experiments have demonstrated that the bimodal neuromodulation device Lenire can lessen tinnitus symptoms.
A complex neurological disorder called tinnitus, also known as "ringing in the ears," causes the perception of sound without an external source. It may affect up to 650,000 Norwegians because it is estimated to afflict the adult population worldwide.
The Lancet published ground-breaking studies on the prevalence of tinnitus in Europe. It was shown that prevalence grew noticeably as people aged and their hearing declined. Additionally, research discovered that as tinnitus symptom severity grew, so did the usage of healthcare resources for the condition.
Lenire is a bimodal neuromodulation device that uses sound stimulation along with moderate electrical pulses to the tongue to encourage neuroplasticity in the brain and lessen tinnitus symptoms.
It has received CE-mark approval for use in treating tinnitus in Europe when a properly trained healthcare practitioner is in charge.
The system comprises Bluetooth headphones that play custom sounds to stimulate the auditory nerve, a Tonguetip, an intra-oral device that mildly stimulates the surface of the tongue with electricity, and a controller that regulates the length and intensity of the device's therapy.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |