The global Cochlear Implants market is expected to reach US$ 4,019.6 Mn by 2025. A cochlear implant (CI) is a surgically implanted neuroprosthetic device that provides a sense of sound to a person with moderate to profound sensorineural hearing loss. The global cochlear implants market is a boon for those who have hearing difficulties, also these devices are easy to use. The implants saved them from trouble of hearing and provide them easy way of communication with the people, earlier before the discovery of these implants deaf people used to communicate with sign language. As of 2016, the Ear Foundation in the United Kingdom approximates the number of cochlear implants recipients to be around 600,000. These all factors contribute in growth of global cochlear implants market. In spite of all these benefits these implants suffers from some criticism from the deaf community, for them cochlear implants are an affront to their culture. Moreover, high cost of device is restricting its growth in developing and underdeveloped countries.

 

Global cochlear implants market is segmented on the basis of implementation type, end user, and region.

 

 

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Bilateral Implants Dominate the Global Cochlear Implants Market

Based on the implementation type, global cochlear implants market is segmented into unilateral and bilateral implants. Bilateral implants tend to dominate the global cochlear implant due its benefits over the unilateral implant. Its increasing demand, good reimbursement, and ability to recognize the speech in noise are the key factors expected to drive the market during the forecast period.

 

North America Leads the Global Cochlear Implants Market

PBI’s global cochlear implants market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America followed by Europe dominated the global cochlear implants market through 2014-2018 and expected to dominate over 2019-2025 due rising prevalence of hearing impairment in aging population. According Centers for Disease Control and Prevention in US 14.9 % of children belonging to age group 6-9 years suffer from low or high frequency hearing loss in one or both ears. In Europe and North America approx. 0.1 % of children suffer from hearing loss of 40 dB. Their improved technologies, adaptation of implants by more number of patients are also aiding in the growth of cochlear implant market in both Europe and North America. Asia Pacific cochlear implant market is expected to grow at a good pace over the forecast years due to their increasing geriatric population, emerging economies, and continuous improvement in their technologies in healthcare sector.

Launch of newer products, and strategic alliances are the key strategies adopted by market players

Global cochlear implants market further reveals that the key players increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, on September 2016, Cochlear Ltd. has launched their cochlear implant, in which they used the thinnest peri modiolar electrode. This electrode protects the very fine structures of the inner ear.

In June 2019, FDA approved a new cochlear implant with easier access to MRI and expanded connectivity ready for Google’s direct streaming to Android smartphones launched by a company Cochlear which is one of the leading producers of the cochlear implant market.

 

Key player’s profiles in the report are Cochlear (Australia), MED-EL (Austria), Sonova Holding AG (Switzerland), The William Demant Holding Group (Denmark), Nurotron Biotechnology Co. Ltd. (U.S) and Microson (Spain).

 

Precision Business Insights (PBI) in its report titled “Global Cochlear Implants Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

 

Detailed Segmentation

 

By Implantation Type

• Bilateral Implantation
• Unilateral Implantation

 

By End User

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

 

Geography

 

• North America

• U.S
• Canada

• Europe

• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe

• Asia-Pacific

• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific

• Latin America

• Brazil
• Mexico
• Argentina
• Rest of Latin America

• Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

 

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