Press release
Cochlear Implant Systems Market 2021 By Top Players - Cochlear Ltd., Demant A/S, Sonova, MED-EL Medical Electronics, and Nurotron Biotechnology
Cochlear implant systems market is expected to witness strong growth owing to rising incidence of hearing loss and impairment. Hearing loss could be linked to numerous factors such as underlying health conditions or ototoxic medications, trauma or accident, and age among others. Increasing awareness regarding hearing implants, large patient pool, as well as unexplored market potential will significantly contribute to cochlear implants industry outlook.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2411
Additionally, new innovations and solutions in cochlear implant system technology are also expected to foster the adoption of cochlear implants. Citing an instance, February 2021, MED-EL reportedly announced that their stress-free, safe MRI (magnetic resonance imaging) with MED-EL cochlear, bone conduction implants now comes with lifetime guarantee. The unique design of the implant magnets from MED-EL, a leading industry innovator, is completely safe during an MRI checkup.
With this development, the company is currently the only manufacturer to accept accountability for damage to all cochlear implants since the year 1994, along with the present generation of middle ear implants, and all bone conduction implants during an MRI examination.
According to estimates by Global Market Insights, Inc., the cochlear implant systems market is anticipated to grow at a CAGR of 7.3% through 2021 - 2027.
With respect to product, the bilateral segment is expected to grow at a CAGR of 6.8% through the slated timeframe. Benefits related to bilateral implantation include superior grasp of speech in noise, enhanced sound quality & localization, and better hearing with both ears. These types of implants help pediatric patients with severe-to-profound hearing loss regardless of surrounding sound. Consequently, the demand graph for bilateral implants is witnessing a strong growth, which is expected to keep going in years to come.
In terms of end-user, in 2020, the pediatric segment held a market share of more than $580 million, with estimates expecting it to continue recording appreciative gains over the coming years. This earmarked growth is ascribed to the growing prevalence of hearing impairment in children. As per World Health Organization, around 58% of the population suffering from hearing disability falls under the pediatric category. Rising adoption of cochlear implant systems among children, various cochlear implant programs for pediatric patients, and increasing awareness, diagnosis, as well as rehabilitation will further impact segmental growth over the forthcoming time.
On the regional front, the cochlear implant systems market in Asia Pacific is slated to grow at a CAGR of more than 8.4% through the projected time period. This high growth rate is attributed to the expanding patient pool and the region’s unfulfilled demand. Besides, the region has a very large geriatric population base that is prone to hearing impairments. Increasing presence of market participants and awareness around the benefits of cochlear implants will significantly contribute towards regional market growth.
Request for customization @ https://www.gminsights.com/roc/2411
Several ongoing research and development activities are leading to the development of the next generation of cochlear implants in the market. Citing an instance, in February 2021, CBSET Inc., a biomedical research institute, in collaboration with its partner CILcare, a renowned CRO specializing in hearing disorders, presented novel data on 20-24th February 2021, at the ARO (Association for Research in Otolaryngology) 44th Annual Midwinter Meeting.
The data reported both the firm’s collaborative development of a completely new methodology for performing auditory implant studies in mainly two large species of animal namely swine and sheep coupled with the specific benefits of each model.
Nurotron, Sonova (Advanced Bionics), Cochlear Limited, Med-El Corporation, and William Demant Holdings among many others are some of the key players operating in the cochlear implant systems market.
Partial Chapter of the Table of Content
Chapter 4 Cochlear Implant Systems Market, By Product
4.1 Key segment trends
4.2 Unilateral implant
4.2.1 Market size, by region, 2016 – 2027 (USD Million)
4.3 Bilateral implant
4.3.1 Market size, by region, 2016 – 2027 (USD Million)
Chapter 5 Cochlear Implant Systems Market, By End-use
5.1 Key segment trends
5.2 Adult
5.2.1 Market size, by region, 2016 – 2027 (USD Million)
5.3 Pediatric
5.3.1 Market size, by region, 2016 – 2027 (USD Million)
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/cochlear-implant-systems-market
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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 Implant Systems Market 2021 By Top Players - Cochlear Ltd., Demant A/S, Sonova, MED-EL Medical Electronics, and Nurotron Biotechnology here
News-ID: 2277821 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
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…
