Sounding a Brighter Tomorrow: Empowering Hearing Solutions in the Middle East and Africa Cochlear Implants Market

A cochlear implant (CI) is a medical device that uses electricity to stimulate the auditory nerve's spiral ganglion cells, restoring sensorineural hearing loss. This device's purpose is to convert sound into an electrical signal and deliver it to the hearing nerve, bypassing the damaged hearing apparatus.

Data Bridge Market Research analyses that the cochlear implants market which is USD 106.81 million in 2022, is expected to reach USD 230.63 million by 2030, at a CAGR of 10.1% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Recent Developments
• In 2019, Cochlear Ltd. debuted its product at the Consumer Electronics Show (CES) in Las Vegas for the first time to raise consumer awareness of the company's entire product portfolio. This product advertisement will assist Cochlear Ltd. in increasing its sales and revenue in the future.
• In 2022, So nova Holding AG acquired Sennheiser electronic GmbH & Co. KG's consumer division, forming So nova's fourth business unit. This new consumer hearing division is expected to benefit from the fast-growing market for audiophile headphones.

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https://www.databridgemarketresearch.com/reports/middle-east-and-africa-cochlear-implants-market

COVID-19 Impact on the Cochlear Implants Market
Given the current situation, COVID-19 has caused an unprecedented global public health crisis that has affected virtually every business. Its long-term effects are expected to have an impact on industry growth during the forecast period.
Middle East and Africa Cochlear Implants Market

Analysis and Size
According to a study published in JAMA Network in June 2021 titled "Association of Age-Related Hearing Impairment with Physical Functioning Among Community-Dwelling Older Adults in the US," 973 (33%) of the 2,956 older people in the United States who participated in the population-based cohort study had normal hearing, 1,170 (40%) had mild hearing impairment, 692 (23%) had moderate hearing impairment, and 121 (4%) had severe hearing impairment. As a result, the demand for cochlear implants is expected to rise in tandem with the ageing population. Furthermore, hearing loss or difficulty hearing is a common issue among the elderly.

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