Cochlear Implants Market by Implantation Type (Unilateral Implantation, Bilateral Implantation), End-user and Geography. Key Players are Cochlear (Australia), MED-EL (Austria), Sonova Holding AG (Switzerland), The William Demant Holding Group (Denmark), N

Precision Business Insights (PBI) in its report titled “Cochlear Implants Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The cochlear implants market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increase in geriatric population contributing to a large patient pool, rise in product customization, and introduction of rechargeable cochlear implants will create a demand for cochlear implants market. However, high cost of the device, issues in cochlear batteries, and constrained healthcare expenditure restrain the market growth. Conversely, recent advancements for developing innovative next generation sound processors and emerging potential markets provide lucrative opportunities for the market growth.

Cochlear implants market segmented on the basis of implantation type, region and end user.

Bilateral Cochlear Implants Segment Expected to Dominate the Market

Based on type of implants, the cochlear implants market is segmented into unilateral implants and bilateral implants. Bilateral cochlear implants are growing faster owing to the increasing demand, the ability to recognize the speech in noise, and good reimbursement.

Europe, Accounts for Major Revenue Share for Cochlear Implants Market

Precision Business Insights (PBI), cochlear implants market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Europe accounted for major revenue share due to the presence of large number of hearing loss or impaired patients, technological advancements, growing elder population and increase in the adaptation of implant systems by hearing impaired patients.

North America cochlear implant market expected to grow at significant rate owing to increase in a number of deaf people and increase in adaptation of new technologies and well-established infrastructure. According to the National Institute on Deafness and Other Communication Disorders, around 2 to 3 children out of every 1,000 children in U.S., born with a detectable hearing loss in either one or both ears. Asia-Pacific cochlear implants market anticipated growing at fastest rate due to increase in awareness regarding cochlear implants and local presence of market players.

Read more Insights at https://precisionbusinessinsights.com/market-reports/global-cochlear-implants-market/

Product Launch Play Vital Role in Cochlear Implants Market

Launch of products play an important role in the development of the cochlear implants market. For instance, in September 2016, Cochlear Ltd. launched thinnest peri modiolar electrode for their cochlear implant. This electrode helps to protect the delicate structures of the inner ear.

Key players in the market include Cochlear (Australia), MED-EL (Austria), Sonova Holding AG (Switzerland), The William Demant Holding Group (Denmark), Nurotron Biotechnology Co. Ltd. (U.S) and Microson (Spain) to name a few.

Request sample brochure of the report at https://precisionbusinessinsights.com/request-sample?product_id=15649

Detailed Segmentation

By Implantation Type

o Unilateral Implantation
o Bilateral Implantation

By End Users

o Hospitals
o Specialty Clinics
o Ambulatory Surgical Centers

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Gulf Cooperation Council Countries(GCCC)
 Rest of MEA

About Precision Business Insights
Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.

Contact us
Kemp House,
152 – 160 City Road,
London EC1V 2NX
Email: sales@precisionbusinessinsights.com
Toll Free (US):+1-866-598-1553
Website @https://www.precisionbusinessinsights.com

This release was published on openPR.