Press release
Cochlear Implants Market Set For Rapid Growth with William Demant Holding A/S, Sonova, Gaes Group, and Nurotron Biotechnology Co. Ltd -Global Industry Analysis and Forecast to 2025
Cochlear Implants Market
Overview:
The global cochlear implants market is expected to be around $3 billion in 2025.Innovations in customization of cochlear implant devices along with reimbursement policies in developing countries will drive the growth of this market.
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Competitive Insights 2018:
The market is heavily dominated by few large companies such as Cochlear Ltd. and MED-EL, who have a global presence and a diverse product portfolio. These players are highly focused on developing innovative products to sustain the market competition. For instance, in 2015, MED-EL received FDA approval for its SYNCHRONY cochlear implant, the first and only cochlear implant approved for 3.0T MRI without magnet removal. Some of the other key players in this market are William Demant Holding A/S, Sonova, Gaes Group, and Nurotron Biotechnology Co. Ltd.
The Cochlear Implants Market is segmented as follows-
Cochlear Implants Market, By Fitting Type, Estimates and Forecast, 2016-2025 ($Million)
• Unilateral Implantation
• Bilateral Implantation
Cochlear Implants Market, By End User, Estimates and Forecast, 2016-2025 ($Million)
• Adults
• Pediatrics
Industry Outlook and Trend Analysis:
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.
Adults segment accounted for the highest share in the global market in 2016. This is due to fewer chances of complications for implantation in adults as compared to those in children and presence of large adult patient base.
Pediatrics segment is estimated to witness fastest growth over the forecast period, owing to rise in awareness about the benefits of early implantations in children.
After FDA’s approval for implantation in children as young as 12 months in age, awareness of benefits of cochlear implants in children to succeed in mainstream classrooms has increased.
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Regional Outlook:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Major TOC of Cochlear Implants Market:
Chapter1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
…
Chapter2. Executive Summary
2.1. Key Highlights
…
Chapter3. 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
3.3.1.1. Rising Prevalence of Hearing Disorders
3.3.1.2. Rise in Geriatric Population
3.3.1.3. Increase in the Customization of Hearing Implant Devices
3.3.1.4. Wide Acceptance of Hearing Implants Procedures Among Patients with Hearing Disorders
…CONTINUED FOR TOC
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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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