Cochlear Implant Market Growth Analysis By Size, Share, News, Demand, Opportunity

SDKI Inc. published a new report on the cochlear implant market. This study includes the statistical and analytical approaches needed to grow the cochlear implant market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-53306

The cochlear implant market is estimated to grow from a market value of US $ 1.65 billion in 2022 to US $ 3.44 billion by 2031, with a CAGR of 9.6% during the 2022-2031 forecast period.

Cochlear implants are small electronic medical devices designed to amplify the sound of damaged parts of the ear. is. The device is essentially equipped with a microphone, audio processor, transmitter, and electrode array. Unlike hearing aids, cochlear implants can bypass damaged areas of the ear and directly stimulate the auditory nerve. With the increasing number of hearing-related problems, the demand for cochlear implants is expected to skyrocket. It is driving the growth of the cochlear implant market during the forecast period.

According to the World Health Organization (WHO), about 360 million people (5% of the world's population) are affected by some hearing-related problems. Similarly, the National Institute of Hearing and Other Communication Disorders estimates that one in three people (ages 65-75) suffers from hearing loss that requires the use of hearing aids. This fact has led to a significant increase in the number of cochlear implant end users over the last few years. This has contributed to the growth of the cochlear implant market during the 2022-2031 forecast period. As of December 2010, approximately 219,000 people worldwide have cochlear implants, according to the US Food and Drug Administration (FDA). As of 2014, there were approximately 600,000 cochlear implant users worldwide, according to the latest data released by the Ear Foundation.

Sample URL of the report
https://www.sdki.jp/sample-request-53306

Cochlear Implant Market Segment

The cochlear implant market is divided by type (unilateral and bilateral implants) and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the type, the cochlear implant market is divided into unilateral and bilateral implants. The bilateral implant segment is expected to grow at the fastest growth rate during the forecast period. This growth is due to a significant increase in bilateral fitting rates and improved bilateral fitting redemptions. High bilateral implants are one of the key factors that may be attributed to the US dominance in the global market. The bilateral compliance rate increased from 23% in 1983 to about 75% in 2010.

Regional Overview of the Cochlear Implant Market

North American region is expected to gain the largest share of the cochlear implant market during the forecast period. This is due to the widespread acceptance of cochlear implants in the United States. By December 2010, approximately 70,000 cochlear implants had been transplanted to the United States, according to data released by the US FDA. Meanwhile, the cochlear implant market in developing regions such as the Asia-Pacific region is expected to grow at the highest growth rate during the forecast period. This is due to the increasing demand for hearing aids and the increased incidence of hearing-related disorders.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, etc.) Latin America); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy) , Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

A major key player in the cochlear implant market

Major key players in the cochlear implant market include Cochlear Ltd., William Demant Holding, Sonova, MED-EL and Nurotron. The study includes a detailed competitive analysis of these major companies in the cochlear implant market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/press-details/cochlear-implant-market/620

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SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.