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Artificial Cochlea Market Size And Outlook to 2027 - Boston Scientific, Cochlear, NeuroPace, Medtronic, GN Store Nord, MED-EL, Sonova, Starkey Hearing, Widex, RION

03-26-2020 03:52 PM CET | Health & Medicine

Press release from: Premium Market Insights

Artificial cochlea or cochlear implant is an electronic device that transmit a sense of sound to person severely deaf. The implant consists of an external portion that sits behind the ear and a second portion that is surgically placed under the skin. A cochlear implant is very different from a hearing aid. Hearing aids amplify sounds so they may be detected by damaged ears, whereas, cochlear implants bypass damaged portions of the ear and directly stimulate the auditory nerve. Signals generated by the implant are sent by way of the auditory nerve to the brain, which recognizes the signals as sound. Hearing through a cochlear implant is different from normal hearing and takes time to learn or relearn.

Rising number of new cases of hearing loss in geriatric population, development of new technology in cochlea implants, favorable reimbursement policies are driving the Artificial Cochlea market. The government initiatives such as the Patient Protection and Affordable Care Act (ACA) has several provisions for improving the hearing ability are driving the Artificial Cochlea market.

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The global Artificial Cochlea market is segmented on the type, end user. Based on type, the market is segmented into unilateral implantation, and bilateral implantation. Based on end user, the market is segmented into Children, and Adult.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Artificial Cochlea market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Artificial Cochlea market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Artificial Cochlea market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Artificial Cochlea market in these regions.

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