Cochlear Implants Market by Type (Unilateral and Binaural) by Application (Children and Adult): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Global demand for cochlear implants market expected to generate revenue of around USD 2.6billion by the end of 2024, growing at a CAGR of around 9.6% between 2018 and 2024. Cochlear implants market growth in the forecast timeframe is driven by various factors, such as increased prevalence of hearing loss coupled with an increase in the geriatric population.

13-Nov-2018 | Number of pages: 110 | Report Code: ZMR-3506 | Report Format : | Status : Published

Abstract

The report covers a forecast and an analysis for the cochlear implant market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the cochlear implants market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cochlear implants market on a global level.

In order to give the users of this report a comprehensive view on the cochlear implant market, we have included competitive landscape and analysis of Porter’s Five Forces model in the market. The study encompasses a market attractiveness analysis, where product type, application, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Cochlear Implants Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments in the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. 

The study provides a decisive view of the cochlear implant market by segmenting the market based on product type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. 

Based on product type, the cochlear implants market is segmented as unilateral and binaural. Based on application, the cochlear implants market is segmented as children and adult. 

Increased prevalence of hearing defects is one of the major driving factors of cochlear implants market. Increase in technological advancements in cochlear implants coupled with product launches and approvals over the period of time has contributed toward the business growth. Moreover, increasing geriatric population is also a major factor contributing toward the large patient pool over the period. However, the high cost of cochlear implants and the cost associated with the implant procedure are expected to inhibit the growth of cochlear implants market over the forecast period.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further divided into major countries, including the U.S., Germany, France, UK, China, Japan, India, and Brazil. This segment includes the demand for cochlear implant market based on all segments in all the regions and countries.

The report also includes detailed profiles of end players, such as Cochlear Ltd., MED-EL, Advanced Bionics AG (Sonova), William Demant Holding A/S, and Nurotron Biotechnology Co. Ltd., among others.

This report segments the global cochlear implants market as follows:

Global Cochlear Implants Market: Type Segment Analysis

  • Unilateral
  • Binaural

Global Cochlear ImplantsMarket: Application Segment Analysis

  • Adult
  • Children

Global Cochlear Implants Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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