Latin America Cochlear Implants Market is expected to grow at a substantial CAGR of 8.0% in the forecast period 2019 to 2026. The years considered for study are as mentioned below:
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The Latin America cochlear implants market is an upcoming market which includes key players and local players. The market is growing owing to the favourable market scenario. The market has a prominent growth in upcoming years due to increasing prevalence of hearing loss, increasing awareness and training program and increasing healthcare expenditure.
The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand. For instance, in September 2019, GN Hearing and Cochlear Ltd. announced their collaboration along with Google, to support direct Android streaming to hearing device by using Bluetooth low energy. This product will expand the accessibility to more consumer technology, and will able to expand the market.
Cochlear Ltd. dominated the Latin America cochlear implants market. The other key players existing in the market includes Advanced Bionics AG, Oticon A/S, MED-El medical electronics, Medtronic, Nurotron biotechnology co. ltd, Widex A/s among others.
Cochlear Ltd, headquartered in Sydney, Australia was founded in 1967. The company focuses on providing innovative and high quality of Cochlear implants which can help the recipient to interact the world. The company operates through three business segments which include cochlear implants, services, accoustics in which cochlear implants is market focused segment. The company has two product categories which include products and accessories and diagnostics and treatment. The company has more than 4,000 employees.
It has its global networks through direct sales representatives and distributors in the Europe, Middle East & Africa, Asia-Pacific, South America, North America. The company has various subsidiaries such as Sycle, LLC (U.S.), Cochlear Bone Anchored Solutions (Sweden), Cochlear Europe Ltd. (Surrey), Cochlear France S.A.S (France), Cochlear Canada Inc. (Canada) among others.
Advanced Bionics AG
Advanced Bionics AG, headquartered in Stäfa, Switzerland was founded in 1947. The company is focused in providing hearing instruments to cochlear and most advance technology wireless hearing solutions. The company operates through two business segments which include hearing instruments business, cochlear implants business in which cochlear implants business is market focused segment. The company has three product categories which include hearing instruments, cochlear implants, audiological care in which cochlear implants is market focused category. The company has approx. 14,000 employees.
It has its global networks through direct sales representatives and distributors in the Europe, Middle East & Africa, North America, Asia-Pacific, South America. The company has 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.
Oticon A/S, headquartered in Smorum, Denmark was founded in 1904. The company is engaged in providing the hearing aid to improve the better quality of life. The company operates through three business segments which include Hearing Devices, Hearing Implants, Diagnostic Instruments in which Hearing Devices is market focused segment. The company has five products which include BrainHearingtechnology, OpnS, Xceed, Oticon CROS, Opn, Siya, Hearing aid styles & colors in which Oticon CROS is market focused product. The company has approx. 14,614 employees as per of December 31, 2018.
It has its global networks through direct sales representatives and distributors in the Europe, Asia-Pacific, North America, South America. The company has various subsidiaries such as Oticon A/S (Denmark), Audika AG (Switzerland), Diatec AG (Switzerland), Oticon Medical LLC (U.S.) and Audicare SPRL (Belgium)among others.
Latin America Cochlear Implants Market – Industry Trends and Forecast to 2026