San Francisco, 6 February 2019: The Report Cochlear Implants Market Analysis By Type of Fitting (Unilateral Implantation,
Bilateral Implantation), By End-Users (Adults, Pediatrics), By Region (North
America, Europe, APAC, Latin America, MEA), & Segment Forecasts, 2018 -
2025
The global cochlear implants market is expected to reach a value of USD 3.1 billion by 2025,
based on a new report by Grand View Research, Inc. The cochlear implants market
is anticipated to witness significant growth during the forecast period, which
can be attributed to a favorable reimbursement scenario, rising awareness about
hearing aids, and increasing adoption of implants.
Furthermore, technological advancements in
cochlear implants to make the device more efficient and user-friendly can boost
the demand, which is expected to propel the industry during the forecast
period. For instance, in September 2016, Cochlear Ltd. launched the world’s
thinnest full-length perimodiolar electrode for their cochlear implant. The
thin structure of the implant electrode helps to protect the delicate structures
of the inner ear.
Access Research Report of Cochlear Implant Market @ www.grandviewresearch.com/industry-analysis/cochlear-implants-industry
Further key findings from the study suggest:
· Unilateral implantation dominated the
industry in 2015.This can be attributed to its low cost as compared to
bilateral implantation and high demand from adults due to its
cost-effectiveness.
· Bilateral implantation is the most
lucrative segment of the industry. Increasing demand, ability to recognize the
speech in noise, and good reimbursement are the key factors expected to drive
the market during the forecast period.
· By end-users, the adults segment dominated
the market in 2015 and is expected to maintain its dominance during the
forecast period, due to the presence of a large patient base and growing
geriatric population.
· Pediatrics segment is expected to grow at
the fastest rate during the forecast period. Increasing implantation at an
early age, implementation of several programs & government support to
provide cochlear implant to children as early as possible, and good
reimbursement are the key factors expected to propel the market.
· Geographically, Europe dominated the
industry in 2015 and is expected to maintain its position during the forecast
period. This is primarily due to the conducive health infrastructure of the
European Union, which allows implantation at an early age.
· Asia Pacific is anticipated to observe the
fastest growth over the coming years. This can be attributed to growing
awareness in the region and local presence of market players.
· Several players operate in the industry.
However, majority of the share belonged to the top two to three players who
dominated in the industry in 2015.
· Some of the key players are Cochlear Ltd.,
MED-EL, Sonova, Gaes Group, William Demant Holding A/S, and Nurotron
Biotechnology Co. Ltd.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
cochlear implants market by type of fitting, end-users, and region:
Cochlear Implants Type of Fitting Outlook
(Market Revenue in USD Million, 2014 - 2025)
·
Unilateral Implantation
·
Bilateral Implantation
Cochlear Implants End-Users Outlook (Market
Revenue in USD Million, 2014 - 2025)
·
Adults
·
Pediatrics
Cochlear Implants Regional Outlook (Market
Revenue in USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Access Press Release of
Cochlear Implant Market@ www.grandviewresearch.com/press-release/global-cochlear-implants-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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