Binaural Cochlear Implant Market Explore Future Growth 2018-2026 by Global Top Players – Advanced Bionics, Cochlear, MED-EL, William Demant, and Oticon

Coherent Market Insights has announced the addition of the “Binaural Cochlear Implant Market Size Status and Forecast 2026”, The report classifies the global Binaural Cochlear Implant Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Binaural Cochlear Implant Speaker market, analyzes and researches the Binaural Cochlear Implant Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Advanced Bionics, Cochlear, MED-EL, William Demant, and Oticon

Request a sample copy: https://www.coherentmarketinsights.com/insight/request-sample/2223

Binaural hearing helps in locating the sound source and in speech recognition in patients with impaired hearing. Cochlear implants are used in children and adults with sensorineural hearing loss, a condition that involves damage to tiny hair cells present in the cochlea region of ear. A cochlear implant helps the signal to skip damaged tiny hair cells and directly reach the auditory nerves.

Market Growth

Recent technological advancement in binaural cochlear implant surgeries such as 3D printed implants is expected to boost growth of the market. For instance, according to an article published in BioMed Research International 2018, are focusing on using 3D printing technology in developing patient specific implants of biocompatible materials to treat anatomical defects with use of stem cells. Stems cells are allowed to grow on the biocompatible materials to develop into ear bones, which can be used further as implants to replace damaged ones.

Furthermore, various organization initiatives in spreading awareness of deafness and hearing loss is expected to boost growth of the binaural cochlear implant market. For instance, in July 2017, World Health Organization (WHO) organized meeting for its program — Prevention of Deafness and Hearing Loss. The meet concluded with the importance of global alliance and world report for action on hearing loss. ‘Education for All’, ‘Data for Hearing Loss’, the ‘World Health Assembly Resolution’ and the proposed ‘World Report on Hearing’ were the agendas for the meeting.

By Product Type

Body-worn Cochlear Implant
Ear-worn Cochlear Implant

By End Users

Hospitals
Specialty Clinics
Ambulatory Surgical Centers

What Information does this report contain?

-Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2026.
-Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
-6-7 year performance forecasts: major segments covering applications, top products and geographies.
-Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

North America is expected to hold dominant position in the global binaural cochlear implant market over the forecast period, owing to increasing prevalence of hearing loss in the populace. For instance, according to a report published by the Hearing Loss Association of America, 2017, around 48 million people reported some degree of hearing loss in U.S. in 2017. Furthermore, according to The Hearing Review, in January 2018, 3.65 million hearing aid units were dispensed in the U.S. in 2017.

Additionally, Asia Pacific is expected to witness significant growth in the market, owing to expansion strategies of key players and increasing prevalence of hearing loss in the region. For instance, in May 2018, Cochlear ltd., Australia based cochlear implant manufacturer has expanded its first manufacturing facility in China through collaboration with Apple Inc., for creating technology that streams sound direct from iPhones to enhance users’ hearing capabilities

Else place an Inquire before Purchase “Binaural Cochlear Implant Market Size, Status and Forecast 2026: https://www.coherentmarketinsights.com/insight/talk-to-analyst/2223

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.