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Worldwide Cochlear Implants Market Analyze By Top Leading Companies Like William Demant Holding A/S, Sonova, Gaes Group, and Nurotron Biotechnology Co. Ltd.

09-07-2018 08:42 AM CET | Health & Medicine

Press release from: Crystal Market Research - Healthcare

Cochlear Implants Market

Cochlear Implants Market

This report concentrates at the Cochlear Implants Market through manufacturers, areas, kind and application, specially in North america, Europe and Asia-Pacific, South the united states, center East and Africa. This report classifies the market based totally on producers, areas, type and alertness. This file covers institutions within the field together with new product launches, mergers, acquisitions, aggressive landscape evaluation, and latest strategic developments within the market by means of the main manufactures.

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Industry Trend Analysis:
The global cochlear implants market is expected to be around $3 billion in 2025.Innovations in customization of cochlear implant devices along with reimbursement policies in developing countries will drive the growth of this market. Technological advancements especially in sound chips are fuelling the demand for these products. Rise in geriatric population along with increased incidence of acquired hearing loss are also contributing to the market growth substantially. In 2014, the total American geriatric population was 46.2 million which represented 14.5% of the total population. By 2040, this will grow up to 21.7% of the total American population.

Competitive Analysis:
The market is heavily dominated by few large companies such as Cochlear Ltd. and MED-EL, who have a global presence and a diverse product portfolio. These players are highly focused on developing innovative products to sustain the market competition. For instance, in 2015, MED-EL received FDA approval for its SYNCHRONY cochlear implant, the first and only cochlear implant approved for 3.0T MRI without magnet removal. Some of the other key players in this market are William Demant Holding A/S, Sonova, Gaes Group, and Nurotron Biotechnology Co. Ltd.

Market Opportunities:
Increase in geriatric population worldwide will boost the demand for implants significantly. According to a World Health Organization (WHO), the geriatric population (senior citizens at least 65 years in age) will increase by 88% in coming years. Also, proven results of effectiveness of implantations in children at a young age propose significant prospects in the pediatric market worldwide. Developing countries exhibit a lucrative market due to growing awareness and easily available reimbursement policies.

Cochlear Implants Market Segmentation:
By Fitting Type: Bilateral Implantation and Unilateral Implantation

By End User: Pediatrics and Adults

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By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)

Regional Outlook and Trend Analysis:
Europe constituted the major market share of the overall market in 2016, owing to the advanced health infrastructure in the European Union. Presence of huge patient base along with increased adoption of implants is the key factor for the market growth. North America is the second largest market for implants because of the presence of favorable reimbursement policies along with the high purchasing power of people in this region.

Asia-Pacific market is expected to record fastest growth over the forecast period, due to increased awareness and favorable government initiatives in developing countries to increased awareness about the benefits of early implantation in children. For instance, Medtronic launched the Shruti Program in India which aims to increase awareness about diagnosis and treatment of underserved patients, especially children affected by ear disorders.

(Early customers will receive 10% customization in this report.)

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Fitting Type Outlook and Trend Analysis:
Unilateral implantations are witnessing high demand in the market owing to the low cost of surgery as compared to bilateral implantations. Bilateral implantation will witness fastest growth over the forecast period as they have exceptional results when implanted in children at an early age. Children using bilateral cochlear implants exhibit better vocabulary outcomes as compared to children of the same age using unilateral cochlear implants.

Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers Rising Prevalence of Hearing Disorders Rise in Geriatric Population Increase in the Customization of Hearing Implant Devices Wide Acceptance of Hearing Implants Procedures Among Patients with Hearing Disorders Rapid Technological Advancements
3.3.2. Restraints High Cost of Hearing Implants
3.3.3. Opportunities Emerging Market to Offer Lucrative Growth Opportunities
3.4. Industry Trends
3.5. Reimbursement Scenario

Chapter 4. Cochlear Implants Market, By Fitting Type
4.1. Introduction
4.2. Cochlear Implants Market Assessment and Forecast, By Fitting Type, 2016-2025
4.3. Unilateral Implantation
4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.4. Bilateral Implantation
4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

Chapter 5. Cochlear Implants Market, By End User
5.1. Introduction
5.2. Cochlear Implants Market Assessment and Forecast, By End User, 2016-2025
5.3. Adults
5.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.4. Pediatrics
5.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

…Read Full Table of Contents

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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Las Vegas NV 89107,
United States
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Web: https://www.crystalmarketresearch.comz

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