Cochlear Implants Market to Grow at 11.9% CAGR to Reach $4,124.1 Million by 2027 Led by Algorkorea, Beltone, WIDEX, Demant, GN Hearing, Cochlear, MED-EL, Sonova, Nurotron Biotechnology, Starkey, Amplifon, Gaes Group
Cochlear Implants Market Worth USD 4,124.1 Million by 2027 Led by MED-EL, Sonova, Nurotron Biotechnology, Starkey, Amplifon
The cochlear implants market by type of fitting is segmented into unilateral cochlear implantation, bilateral cochlear implantation. In 2018, the Unilateral Implantation segment held the largest market share of 55.7% of the cochlear implants market, by type of fitting. This segment is also expected to dominate the market in 2027 as unilateral cochlear implantation restores hearing and promotes auditory development. Moreover, the bilateral cochlear implantation segment is also anticipated to witness the fastest growth rate of 12.4% during the forecast period, 2019 to 2027, owing to the rising demand for the bilateral cochlear implantation.
Get Sample PDF Brochure of this Premium Research Report at https://www.theinsightpartners.com/sample/TIPHE100001260/?op-pK
Cochlear Implants Market Key Company Profiles:
• Cochlear Ltd.
• Nurotron Biotechnology Co. Ltd.
• Demant A/S
• WIDEX A/S
• GN Hearing A/S
Product launches and up gradation was observed as the most adopted strategy in global cochlear implants industry. For instance, in January 2019, Starkey Hearing Technologies is thrilled to introduce a product that can help give millions of people, their families, and care givers peace of mind. Fall Alert, a revolutionary feature of Livio AI, can detect falls and send alert messages to selected contacts. Starkey Hearing Technologies incorporated significant new inventions to avoid false-positives and flag only true falls. Thus, such product up gradations is likely to boost up the growth of its own and is likely to contribute to the market growth in the coming future.
Asia Pacific is the fastest growing geographic market, and it is expected to be the second largest revenue contributor throughout the forecast period. The growth is contributed majorly by driving factors such as a significant rise in the prevalence of hearing disabilities across the countries, rise in the government support for the hearing care. In addition, the market players are also supporting hearing care in the countries through creating awareness and various initiatives.
Place a Direct Purchase Order to acquire a copy of this Report at https://www.theinsightpartners.com/buy/TIPHE100001260/?op-pK
Many of the emerging countries are preferred location for medical tourism. Asia is one of the most preferred medical tourism destinations drawing increasing numbers of patients for treatment. Medical tourist visits Asia for plastic surgeries, weight loss surgeries, cochlear surgery, cardiovascular surgery, and orthopedic treatment.
The cost of these surgical procedures is comparatively less than in emerging nations as compared to developed countries. According to the Malaysia Healthcare Travel Council, in 2017, Over 1,050,000+ healthcare travelers visited Malaysia for healthcare purposes. Also, India has witnessed a sudden increase in the number of patients coming to India for Cochlear implant surgery. Patients with hearing defects come to India mainly from the Middle East countries like Oman and Iran and from a few Western world countries. Cochlear Implants in Thailand are performed by some of the most experienced and skilled surgeons. These hospitals have ground-breaking technology like robotic surgery, top-class medical amenities, and high-end infrastructure. All these facilities are accessible at affordable prices, making Thailand a preferred destination for cochlear surgery.
The cost of surgery, after-care, and sightseeing are available at almost half the price when compared with the cost offered in the US or UK. Thus the low cost of surgeries, advanced technologies with less waiting time for procedures in the region is likely to boost the cochlear surgery and ultimately spur the demand for cochlear implants. Thus, the factors are likely to create growth opportunities for the growth of the market in the coming years.
Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Cochlear Implants Market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Cochlear Implants Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cochlear Implants Market to Grow at 11.9% CAGR to Reach $4,124.1 Million by 2027 Led by Algorkorea, Beltone, WIDEX, Demant, GN Hearing, Cochlear, MED-EL, Sonova, Nurotron Biotechnology, Starkey, Amplifon, Gaes Group here
News-ID: 1762791 • Views: 402
More Releases from The Insight Partners
Oncology Biosimilars Market Key Insights, Booming Growth with Top Key Manufactur …
Worldwide Oncology Biosimilars Market Analysis to 2027 is a specialized and in-depth study of the Oncology Biosimilars industry with a focus on the global market trend. The report aims to provide an overview of global Oncology Biosimilars market with detailed market segmentation by product & services /application and geography. The global Oncology Biosimilars market is expected to witness high growth during the forecast period. The report provides key statistics on
Mooring Inspection Market Outlook to 2027 - Leading Players Acteon Group, Deep S …
Mooring anchoring systems are very significant to ensure the safe functionality of offshore loading systems. Thus, the reliability of mooring components is of extreme significance to safeguard breakage-free operations through the entire service life of the facility. Mooring inspection is performed on a routine basis in offshore operations to ensure the integrity of mooring components. The significance of detect defects in a mooring system to ensure safe offshore and onshore operations
Diagnostic Tympanometers Market Report Gives Immense Knowledge on the Competitiv …
Diagnostic tympanometers is an audiometric diagnostic device consisting of tone generator, pressure pump and microphone used to measure the movement of the tympanic membrane and access the function of the middle ear. This market research report provides a comprehensive picture on “Diagnostic Tympanometers Market”, from the global viewpoint, offering a forecast and statistic in terms of revenue during the forecast period. The report covers a descriptive analysis with detailed segmentation, complete
Multi Flue Chimney Caps Market Outlook to 2027 - Artis Metals, Chim Cap, Chimney …
Multi-flue chimney caps are useful in protecting the chimney crown. They are available in stainless steel, concrete, or copper. Multi-flue chimney caps can accommodate single or multiple flues in one chimney structure. A rise in commercial and residential projects is expected to generate substantial demand for multi-flue chimney caps in the forecast period. The multi flue chimney caps market is anticipated to grow in the forecast period owing to various advantages
More Releases for Cochlear
Cochlear Implant Systems Market Growth Dynamics 2019| Key Players: Cochlear, MED …
Global Cochlear Implant Systems Market size is set to exceed USD 2.5 billion by 2024; according to a new research study published by Global Market Insights, Inc. Increasing incidence of hearing loss in infants and adults will drive industry growth during the forecast period. An increasing number of elderly individuals are suffering from severe and profound sensorineural hearing loss owing to age related changes in the inner and middle ear.
Global Cochlear Implants Market 2018: Key Players – Cochlear, AB(Sonova), Nuro …
Summary WiseGuyReports.com adds “Cochlear Implants Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “Cochlear Implants Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Cochlear Implants Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as
World Bilateral Cochlear Implants Market 2018 - Cochlear, MED-EL
Apex Market Reports, recently published a detailed market research study focused on the “Bilateral Cochlear Implants Market” across the World, regional and country level. The report provides 360° analysis of “Bilateral Cochlear Implants Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the World PP Pipe industry, and estimates the future trend of Bilateral
Global Cochlear Implants Market 2018 - Cochlear, MED-EL, Sonova, Microson
Apex Market Reports, recently published a detailed market research study focused on the “Cochlear Implants Market” across the global, regional and country level. The report provides 360° analysis of “Cochlear Implants Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Cochlear Implants on
Cochlear Implant Systems Global Research Report 2017
"Global Cochlear Implant Systems Market Research Report 2017" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. . . Description- '
2017-2021 Trends & Forecasts Cochlear Implant : Size
"Global Cochlear Implant Market: Size, Trends & Forecasts (2017-2021)" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. . . Description- '