Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
Introduction
Cochlear implants are used to treat the hearing problems in deaf patients. These implant has replaced the old hearing aid devices. Many manufacturers are involved in improving the quality and design of the cochlear implants. During the last few years, there has been a significant increase in the demand for cochlear implants. According to the research carried out by DeafandHoH.com LLC., in 2014, 360 million people worldwide were suffering from moderate to profound hearing loss. Additionally, according to the Centers for Disease Control and Prevention, by 2025, it is estimated that 900 million people across the globe are likely to suffer from hearing impairment of which around 90 million of these people may more likely from Europe.
Notably, rising geriatric population is the key factor driving the cochlear implant market. According to the U.S. Census Bureau (2015), 8.5% of people across the globe i.e., 617 million were over age 65.
Other push factors such as, increasing number of patients having hearing loss, acceptance of hearing implants by the patients with hearing disorders, and favorable reimbursement policies are also propelling the growth of the market. According to the National Institute on Deafness and Other Communication Disorders, in 2013, approximately 324,200 registered devices have been implanted worldwide.
However, the cost of impacts can be more than USD 100,000 which are not affordable to the middle-class population, thus, the high cost of the implants may hamper the growth of the market.
The global cochlear implants market is expected to reach USD 3,203.8 million by 2023 at a CAGR of 9.86% during the forecast period.
On the basis of product, market is segmented into the cochlear implant system, and accessories & upgrades. The cochlear implant system segment accounted for the largest market share of 77.7% during the forecast period.
On the basis of type, market is segmented into unilateral implant and bilateral implant. The bilateral implant market is expected to grow at a CAGR of 10.48% from 2017 to 2023.
On the basis of end user, market is segmented into hospitals & clinics, ambulatory surgical centers, research & academic institutes, and others. The ambulatory surgical centers market is expected to grow at a CAGR of 10.22% from 2017 to 2023.
On the basis of regions, the market is segmented into Americas, Europe, Asia-Pacific and the Middle East & Africa. Americas captured a largest market share of around 41.1% in 2016 globally.
Key Players
Advanced Bionics AG, MED-El, Cochlear Ltd, GAES MÉDICA, William Demant Holding Group, Widex, and Microson S.A
Study objectives
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global cochlear implants market
• To provide insights about factors influencing and affecting the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to countri
Cochlear implants are used to treat the hearing problems in deaf patients. These implant has replaced the old hearing aid devices. Many manufacturers are involved in improving the quality and design of the cochlear implants. During the last few years, there has been a significant increase in the demand for cochlear implants. According to the research carried out by DeafandHoH.com LLC., in 2014, 360 million people worldwide were suffering from moderate to profound hearing loss. Additionally, according to the Centers for Disease Control and Prevention, by 2025, it is estimated that 900 million people across the globe are likely to suffer from hearing impairment of which around 90 million of these people may more likely from Europe.
Notably, rising geriatric population is the key factor driving the cochlear implant market. According to the U.S. Census Bureau (2015), 8.5% of people across the globe i.e., 617 million were over age 65.
Other push factors such as, increasing number of patients having hearing loss, acceptance of hearing implants by the patients with hearing disorders, and favorable reimbursement policies are also propelling the growth of the market. According to the National Institute on Deafness and Other Communication Disorders, in 2013, approximately 324,200 registered devices have been implanted worldwide.
However, the cost of impacts can be more than USD 100,000 which are not affordable to the middle-class population, thus, the high cost of the implants may hamper the growth of the market.
The global cochlear implants market is expected to reach USD 3,203.8 million by 2023 at a CAGR of 9.86% during the forecast period.
On the basis of product, market is segmented into the cochlear implant system, and accessories & upgrades. The cochlear implant system segment accounted for the largest market share of 77.7% during the forecast period.
On the basis of type, market is segmented into unilateral implant and bilateral implant. The bilateral implant market is expected to grow at a CAGR of 10.48% from 2017 to 2023.
On the basis of end user, market is segmented into hospitals & clinics, ambulatory surgical centers, research & academic institutes, and others. The ambulatory surgical centers market is expected to grow at a CAGR of 10.22% from 2017 to 2023.
On the basis of regions, the market is segmented into Americas, Europe, Asia-Pacific and the Middle East & Africa. Americas captured a largest market share of around 41.1% in 2016 globally.
Key Players
Advanced Bionics AG, MED-El, Cochlear Ltd, GAES MÉDICA, William Demant Holding Group, Widex, and Microson S.A
Study objectives
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global cochlear implants market
• To provide insights about factors influencing and affecting the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to countri
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
