Global Cochlear Implants Market is Expected to Grow at 10.6% in the Forecast Period of 2020 to 2027

Cochlear Implants Market is forecasted to grow at 10.6% with factors such as increasing in number of hearing loss cases.

Cochlear implants market has shown an exceptional penetration in countries such as U.S., Germany and China. Growing usage of cochlear implant is increasing the penetration in developed countries. In developing countries, rising concern from government institutions towards reimbursement of cochlear implants is creating opportunity for the global cochlear implants market.

Cochlear Implants Market Scenario

According to Data Bridge Market Research the market for cochlear implants in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is Cochlear Ltd which accounts an estimated market share of approximately 65% to 70% in the North America. The company has gained outstanding sale through their product namely cochlear nucleus system.

  • In October 2018, Cochlear Ltd. announced the next level of phase trial of its idea of making totally internal cochlear implant having all the parts including microphone and the sensor implanted inside the body. The development of such implant will prove beneficial as it will help the recipients to choose the option of complete implant or the contemporary version of it and also it will attract the consumer towards the product in order it will generate more market and sales in the particular business segment.

Cochlear Implants Market

Trends Impacting the Market

Now the question is which other regions Cochlear Ltd., Advanced Bionics AG (A Subsidiary of Sonova) and MED-EL Medical Electronics are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific cochlear implants market and the market leaders targeting Japan and India to be their next revenue pockets for 2020.

The cochlear implants market is becoming more competitive every year with companies such as regions Cochlear LTD., Advanced Bionics AG (A Subsidiary of Sonova) and MED-EL Medical Electronics as they are the market leaders for cochlear implants. The data bridge market research new reports highlight the major growth factors and opportunities in the cochlear implants market.

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Cochlear Implants Market Development

  • In November 2018, Cochlear Ltd. collaborated with GN the global leader in audio solutions. The collaboration will make stronger capabilities of cochlear implants and enhance their global industry-leading position. It will also expand the product portfolio as well as market size of the company.

Scope of the Cochlear Implants Market

Global cochlear implants market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East & Africa.

  • All country based analysis of cochlear implants market is further analyzed based on further segmentation. By type, the market is segmented into product, accessories and software. By technology, the market is segmented into electro-acoustic stimulation (EAS), acoustic amplification technology and electro-stimulation technology. On the basis of age, the market is segmented into   adults and pediatrics. By end user, the market is segmented into hospitals, ENT clinics and ambulatory surgery center and by distribution channel, the market is segmented into   direct and retail.

To know more about the study

Key Pointers Covered in Cochlear Implants Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness
  • Value Chain Analysis

Key Market Competitors Covered in the Report

  • Cochlear Ltd
  • MED-EL Medical Electronics
  •  Advanced Bionics AG
  • Medtronic
  • Oticon
  •  Nurotron Biotechnology Co. Ltd
  •  Widex A/S

Above are the key players covered in the report, to know about more and exhaustive list of cochlear implants companies, contact us

Research Methodology: Global Cochlear Implants Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Healthcare professionals, audiologists, hospitals, ENT clinics, Ambulatory Services, Life Science Industry, Biotechnology among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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