Cochlear Ltd , Advanced Bionics AG (A Subsidiary of Sonova) and MED-EL Medical Electronics are Dominating the Global Cochlear Implants Market in 2019

Global Cochlear Implants Market is expected to grow with the CAGR of 10.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global cochlear implants market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global cochlear implants market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in November 2018, Cochlear Ltd. collaborated with GN the global leader in audio solutions in order to develop more efficient and advanced hearing devices. This collaboration will help in providing the best-in-class cochlear implants and hearing devices to the people having difficulty in hearing or no hearing issues. This collaboration was proved to be beneficial for Cochlear Ltd. as it made its product more efficient rendering good result and reviews from the recipients.

Cochlear Ltd is the dominating player in global cochlear implants market. The other key players existing in the market includes MED-EL Medical Electronics, Advanced Bionics AG, Medtronic, Oticon, Nurotron Biotechnology Co. Ltd and Widex A/S.

Cochlear Implants Market

Cochlear Ltd

Cochlear Ltd, headquartered in Sydney, Australia which was founded in 1981. The company is engaged in manufacturing of various product and their business segments are cochlear implants, services (sound processor upgrades and other) and acoustics (bone conduction and acoustic implants).

The company has wide global presence across the globe such as Europe, Middle East & Africa, Asia-Pacific, South America, and North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Sycle, LLC (U.S.), Cochlear Bone Anchored Solutions (Sweden), Cochlear Europe Ltd. (Surrey), Cochlear France S.A.S (France), and Cochlear Canada Inc. (Canada) among others.

 Advanced Bionics AG (A Subsidiary of Sonova)  

Advanced Bionics AG (A Subsidiary of Sonova) is headquartered in Stafa, Switzerland and it was founded in year 1993. The company is engaged in providing solutions including naída bimodal hearing solution, hearing with two ears, naídaci q90 acoustic earhook, hires ultra-cochlear implant, hifocus electrode family, accessories, naídaci connect, sound processing and processors under which naídaci q90 acoustic earhook, hiresultra cochlear implant, hifocuselectrode family and naídabimodal hearing Solution are market focused categories.

The company has presence in Asia-Pacific, Europe, Middle East & Africa, South America, North America with its various subsidiaries such as Phonak, LLC (Switzerland), Sonova Belgium Nv (Belgium), AudioNova International B.V.(Netherland), Vitakustik GmbH (Germany), Unitron Hearing, Inc. (Germany) among others.

MED-EL Medical Electronics

MED-EL Medical Electronics is headquartered in Innsbruck, Austriawhich was founded in 1975. The company produces solution in the categories of cochlear implants, middle ear implant, electric acoustic stimulation, bone conduction implant, bone conduction system and accessories among which cochlear implants is market focused segment.

The company has wide global presence in Europe, Middle East and Africa, Americas, and Asia-Pacific.