Press Resease

Cochlear Implants Market - Global Industry Analysis

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

Published Date: 13-Nov-2018 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-3506 Status : Published

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.

Description

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

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Cochlear Implants Market, 2014-2024, (USD Million)
    • 2.2. Cochlear Implants Market: Market snapshot
  • Chapter 3. Global Cochlear Implants Market – Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Deployment landscape
    • 3.4. Market Driver
      • 3.4.1. Demand from Media and Entertainment Industry
    • 3.5. Restraints
      • 3.5.1. Cybercrimes and Open Source Software
    • 3.6. Opportunity
      • 3.6.1. Hybrid Technology of 2D and 3D
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTEL Analysis
    • 3.11. Cochlear Implants Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Product Segment
      • 3.11.2. Market Attractiveness Analysis by Deployment Segment
      • 3.11.3. Market Attractiveness Analysis by Application Segment
      • 3.11.4. Market Attractiveness Analysis by End User Segment
      • 3.11.5. Market Attractiveness Analysis by Regional Segment
  • Chapter 4. Global Cochlear Implants Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. Global Cochlear Implants Market – Type Segment Analysis
    • 5.1. Global Cochlear Implants Market Revenue Share, by Type, 2017 & 2024 (USD Million)
    • 5.2. Global Cochlear Implants Market by Unilateral, 2014 – 2024 (USD Million)
    • 5.3. Global Cochlear Implants Market by Binaural, 2014 – 2024 (USD Million)
  • Chapter 6. Global Cochlear Implants Market – Application Segment Analysis
    • 6.1. Global Cochlear Implants Market by Adult , 2014 – 2024 (USD Million)
    • 6.2. Global Cochlear Implants Market by Child, 2014 – 2024 (USD Million)
  • Chapter 7. Global Cochlear Implants Market - Regional Analysis
    • 7.1. Global Cochlear Implants Market: Regional Overview
      • 7.1.1. Global Cochlear Implants Market Revenue Share, by Region, 2017 & 2024 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Cochlear Implants Market Revenue 2014 – 2024 (USD Million)
      • 7.2.2. North America Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
      • 7.2.3. North America Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.2.4.2. U.S. Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.2.5. Canada
        • 7.2.5.1. Canada Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.2.5.2. Canada Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.2.6. Mexico
        • 7.2.6.1. Mexico Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.2.6.2. Mexico Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Cochlear Implants Market Revenue 2014 – 2024 (USD Million)
      • 7.3.2. Europe Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
      • 7.3.3. Europe Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.3.4. UK
        • 7.3.4.1. UK Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.3.4.2. UK Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.3.5.2. France Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million).
      • 7.3.6. Germany
        • 7.3.6.1. Germany Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.3.6.2. Germany Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Cochlear Implants Market Revenue 2014 – 2024 (USD Million)
      • 7.4.2. Asia Pacific Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
      • 7.4.3. Asia Pacific Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.4.4. China
        • 7.4.4.1. China Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.4.4.2. China Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.4.5.2. Japan Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.4.6. India
        • 7.4.6.1. India Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.4.6.2. India Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.4.7. Rest of Asia Pacific
        • 7.4.7.1. Rest of Asia Pacific Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.4.7.2. Rest of Asia Pacific Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Cochlear Implants Market Revenue 2014 – 2024 (USD Million)
      • 7.5.2. Latin America Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
      • 7.5.3. Latin America Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.5.4.2. Brazil Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
        • 7.5.4.3. Brazil Cochlear Implants Market Revenue, by End User, 2014 – 2024 (USD Million)
      • 7.5.5. Rest of Latin America
        • 7.5.5.1. Rest of Latin America Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
        • 7.5.5.2. Rest of Latin America Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa Cochlear Implants Market Revenue 2014 – 2024 (USD Million)
      • 7.6.2. Middle East & Africa Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million)
      • 7.6.3. Middle East & Africa Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Cochlear Ltd.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfulio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. MED-EL
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfulio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Advanced Bionics AG (Sonova)
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfulio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. William Demant Hulding A/S,
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfulio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments

List of Figures 

1. Global Cochlear Implants Market Segmentation by Type, Deployment, Application and End User Geography
2. Global Cochlear Implants Market, 2017-2024 (USD Million)
3. Porter’s Five Forces Analysis: Cochlear Implants Market
4. Global Cochlear Implants Market Attractiveness, by Type
5. Global Cochlear Implants Market Attractiveness, by Application
6. Global Cochlear Implants Market Attractiveness, by Regional
7. Global Cochlear Implants Market Revenue Share, by Type, 2017 & 2024 (USD Million)
8. Global Cochlear Implants Market by Unilateral, 2014 – 2024 (USD Million)
9. Global Cochlear Implants Market by Binaural, 2014 – 2024 (USD Million)
10. Global Cochlear Implants Market by Application, 2014 – 2024 (USD Million)
11. Global Cochlear Implants Market by Adult , 2014 – 2024 (USD Million)
12. Global Cochlear Implants Market by Child, 2014 – 2024 (USD Million) 
13. Global Cochlear Implants Market Revenue Share, by Region, 2017-2024 (USD Million)
14.  North America Cochlear Implants Market, 2014-2024, (USD Million)
15.  Europe 3D animation software market, 2014-2024, (USD Million)
16.  Asia Pacific Cochlear Implants Market, 2014-2024(USD Million)
17.  Latin America Cochlear Implants Market, 2014 – 2024 (USD Million)
18.  Middle East & Africa Cochlear Implants Market, 2014 – 2024, (USD Million)


List of Tables

1. Global 3D animation software market snapshot
2. Drivers for 3D animation software market: Impact analysis
3. Restraints of 3D animation software market: Impact analysis
4. North America Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
5. North America Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
6. U.S. Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
7. U.S. Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
8. Canada Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
9. Canada Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
10. Mexico Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
11. Mexico Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
12. Europe Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
13. Europe Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
14. UK Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
15. UK Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
16. France Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
17. France Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
18. Germany Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
19. Germany Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
20. Rest of Europe Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
21. Rest of Europe Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
22. Asia Pacific Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
23. Asia Pacific Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
24. China Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
25. China Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
26. Japan Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
27. Japan Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
28. India Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
29. India Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
30. Rest of Asia Pacific Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
31. Rest of Asia Pacific Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
32. Latin America Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
33. Latin America Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
34. Brazil Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
35. Brazil Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
36. Rest of Latin America Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
37. Rest of Latin America Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)
38. Middle East & Africa Cochlear Implants Market Revenue, by Type, 2014 – 2024 (USD Million) 
39. Middle East & Africa Cochlear Implants Market Revenue, by Application, 2014 – 2024 (USD Million)

Methodology

Free Analysis

A cochlear implant is an electronic medical device that helps inre-establishing the sense of hearing by performing the work of damaged parts of the inner ear (cochlea) by communicating the sound signals to the brain. A cochlear implant is suggested for those individuals with low to high hearing loss. A cochlear implant bypasses the normal functioning of the inner ear and provides electrical stimulation directly to the cochlear nerve fibers. The surgical procedure, used most often, to implant cochlear implant is called mastoidectomy with facial recess approach (MFRA). The first cochlear implant was developed by 3M and approved by FDA in 1984. The implant has two components—outside components are worn over the ear and inside components are implanted across the skin. This, in turn, converts the sound into electrical signals which stimulate the auditory nerve and interpret them as speech or sound.

The major factors driving the growth of the cochlear implants market are the technological advancements made in cochlear implants, various product launches, and approvals. There have been tremendous technological advancements which have increased patient comfort, safety, etc. Venus cochlear implant system was launched by Nurotron Biotechnology in Europe in January 2017. Furthermore, the increased focus on customization and appearance has also increased the demand for customized cochlear implants, which are concealable. Moreover, increasing geriatric population is also a major factor contributing towards the large patient pool. As per the Population Reference Bureau, in 2016, there were around 46 million people aged 65 and above in America and this number is slated to reach 98 million by 2060. Furthermore, an increase in the number of neonates born with hearing defects is also expected to support the growth of the cochlear implants market over the forecast timeframe. However, the high costs of cochlear implants and implant procedure might inhibit the growth of the cochlear implants market in the forecast timeframe.

`Global Cochlear Implants Market

The cochlear implants market is classified into type and application. Based on the type, the cochlear implant market is divided into unilateral and binaural. The binaural segment is expected to dominate the cochlear implant market in the forecast timeframe. Based on application, the cochlear implants market is bifurcated into adult and children. Children segment is expected to dominate the cochlear implants market in the forecast timeframe.

The global cochlear implants market is regionally segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe is expected to dominate the global cochlear implants market in the forecast timeframe, closely followed by North America. The Asia Pacific is expected to be the third largest and fastest growing region in the forecast timeframe. Latin AmericanandtheMiddle Eastern and African markets are expected to grow considerably during the estimated timeframe.

Some major market players of cochlear implants include cochlear Ltd., Nurotron Biotechnology Co. Ltd., MED-EL, William Demant Holding A/S, and Advanced Bionics AG (Sonova), among others.

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