openPR Logo
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

06-03-2019 03:36 PM CET | Health & Medicine

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Cochlear Implants Market Worth USD 4,124.1 Million by 2027 Led by MED-EL, Sonova, Nurotron Biotechnology, Starkey, Amplifon

Cochlear Implants Market Worth USD 4,124.1 Million by 2027 Led by MED-EL, Sonova, Nurotron Biotechnology, Starkey, Amplifon

The global cochlear implants market to grow at a CAGR of 11.9% during (2019-2027) to reach $4,124.1 Million by 2027 from $1,510.9 Million in 2018 driven by the Increase in Number of Patients Suffering from Hearing Loss and increasing Medical Tourism in Emerging Nations.

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.
• MED-EL
• Sonova
• Nurotron Biotechnology Co. Ltd.
• Medtronic
• Demant A/S
• Starkey
• WIDEX A/S
• Amplifon
• 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.

About Us:
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.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com/

This release was published on openPR.

Permanent link to this press release:

Copy
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:

More Releases from The Insight Partners

Theobroma Oil Market Outlook to 2031: Trends and Future Opportunities
Theobroma Oil Market Outlook to 2031: Trends and Future Opportunities
The global Theobroma Oil Market is projected to grow at a CAGR of 5.6% between 2025 and 2031, entering a crucial phase of expansion. Widely recognized as cocoa butter, Theobroma oil is valued for its natural composition, versatility, and broad range of applications. Its demand is steadily increasing across the food, personal care, and pharmaceutical industries. From enhancing the taste and texture of chocolates to serving as a key ingredient
Rising Demand in Diagnostics and Life Sciences Fuels Growth in the Cell Counting Market
Rising Demand in Diagnostics and Life Sciences Fuels Growth in the Cell Counting …
The Insight Partners is pleased to announce the release of its latest in-depth market intelligence: "Cell Counting Market: An In-depth Analysis of the Cell Counting Market." This comprehensive study provides a 360° view of the current landscape, future trends, competitive dynamics, and growth projections in the cell counting industry. Check valuable insights in the Cell Counting report. You can easily get a sample PDF of the report - https://www.theinsightpartners.com/sample/TIPHE100001250?utm_source=OpenPr&utm_medium=10457 Overview of the
Solar and Wind Renewable Energy Market Global Industry Analysis, Size, Investment Analysis, Trends, Growth, Development Factors, Future Scope, Challenges and 2031 Forecast Research Report
Solar and Wind Renewable Energy Market Global Industry Analysis, Size, Investmen …
Global Solar and Wind Renewable Energy Market Report is a professional and in-depth survey on the current state of the Cervical Pillows Industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Solar and Wind Renewable Energy Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status. Download Sample PDF @ https://www.theinsightpartners.com/sample/TIPRE00003246?utm_source=OpenPR&utm_medium=10881 Key Players
Top Carbon Fiber Companies Regional and Data Analysis to 2031
Top Carbon Fiber Companies Regional and Data Analysis to 2031
Carbon fiber is a composite material composed of thin, strong crystalline filaments of carbon. It combines exceptional strength-to-weight ratio, high stiffness, and thermal resistance, making it stronger than steel yet much lighter. Due to these properties, it is widely used in aerospace, automotive, defense, sports equipment, and industrial applications. Its durability, corrosion resistance, and sleek finish also add to its appeal in advanced engineering and design. Download Sample PDF Copy https://www.theinsightpartners.com/sample/TIPRE00002830/?utm_source=OpenPR&utm_medium=10826 The

All 5 Releases


More Releases for Cochlear

Cochlear Implant Market May See Big Move: Cochlear, Oticon Medical, Listent Medi …
The latest study released on the Global Cochlear Implant Market by HTF MI evaluates market size, trend, and forecast to 2030. The Cochlear Implant market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in
Neuroprosthetics Market is expected to Double Its Size by Upcoming Decade | Coch …
Neuroprosthetics Market is the latest research study released by USD Analytics Market evaluating the market, size, share, sales, highlighting opportunities, risk analysis, and leveraging with strategic and tactical decision-making support. The factors that impact growth and rules concerning the use of information, the accessibility of dependable products in the market, and the enhancement of operational efficiency among players in Neuroprosthetics. Information on market development, trends, capabilities, technologies, and the shifting
Cochlear Implants Market Projected to Thriving Globally till 2028, Key Players - …
New York, United States :Our research wizards at Decisive Markets Insights have effectively crafted a report on the Cochlear Implants MARKET market that explicates the essential areas of market facilitation processes over the prevised duration of 2021-2027. We are ready to provide you all the necessary credentials for establishing your business successfully in this competitive market world. Some of the notable aspects that are responsible for rapid and effective market
Cochlear Implants Market 2021 Advancement Outlook – Cochlear, MED-EL, AB(Sonov …
The report titled “Cochlear Implants Market” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts. The global Cochlear Implants market
MRI Compatible Cochlear Implant Market : Qualitative analyses by 2028 | Cochlear …
MRI compatible cochlear implant is an electronic medical device, which is implanted in the ear to repair the function of the damaged ear. MRI compatible cochlear implant is sends the sound signal to the brain by passing it through damaged hair cell to the inner ear (cochlea). Some people have implanted MRI compatible cochlear implant in only one ear while many prefer the MRI compatible cochlear implant in both the
Cochlear Implant Systems Market: Key Players are - Cochlear, MED-EL, William Dem …
The 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. Hearing