COCHLEAR IMPLANT SYSTEMS MARKET 2017 - 2025 | ReGen Powertech, Alternate Energy Company, Blue Pacific Solar Product, Inc., Polar Power, Inc, Zenith Solar System, Alpha Windmills

ResearchMoz presents Professional and In-depth Study of "Cochlear Implant Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect.
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A cochlear implant is an electronic medical device that transmits sound signals to the brain. With the cochlear implant, a person can achieve better sentence understanding as compared to hearing aids. At present, cochlear implants are the only effective means allowing the social interaction of individuals suffering from hearing loss. The first cochlear implant was approved by the FDA in 1984, which made 3M an industrial leader.
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Increasing incidence of neonates born with hearing defects is driving the market cochlear implant systems. According to WHO hearing loss statistics, each year, approximately, 134 million children are born, out of which approximately 1 to 3 newborns per 1,000 are with hearing loss, which is treatable only with a cochlear implant. Thus, there is a need for a minimum of 134,000 cochlear implants annually. The number of cochlear implants is likely to increase to approximately 160,000 per year if the hearing loss is considered for both ears. Apart from the rising number of patients suffering from hearing loss, technological advancements, strategic initiatives by industry players, and favorable government regulations are driving the growth of the global cochlear implant systems market in 2016. For instance, in1979, the University of Melbourne and Nucleus Limited got approval from the Australian Department of Productivity to manufacture and market 22 cochlear implants. In another event, the National Institutes of Health (NIH) funded the first consensus conference to speed up the acceptance of multi-electrode cochlear implants.

Market players are focused on the development of devices with reduced noise, quickly chargeable, long battery life, and waterproof.  According to the World Health Organization (WHO), the current production of hearing loss aids is only 10% of the actual need; thus, there is a lucrative opportunity for new players to enter the global cochlear implant systems market.

Geographically, the global cochlear implant systems market is distributed over North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific region is expected to dominate the global cochlear implant systems market owing to the high prevalence of hearing defects in the region. Middle East & Africa region is expected to account for the second largest share in 2016. This is attributable to the highest incidence of otitis media, ear infections owing to lack of proper hygiene practices, and increasing pregnancy and genetic complications leading to hearing loss in neonates. Europe is the next largest market for cochlear implants owing to increasing geriatric population.

Key players operating in the global cochlear implant systems market include MED-EL, Cochlear Limited, Oticon Medical, William Demant Holding A/S, LSVT Global, Inc., PENTAX Medical, EBS Healthcare, Sonova, Gaes Medica, and Nurotron Biotechnology Co., Ltd. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
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