Cochlear Implants Market 2022 by Product Type, Applications, Manufacturers, Revenue, Price, Share an

From: crystal market research
Published: Tue Nov 21 2017


The latest research study titled, "Cochlear Implants Market by Type and End User Global Industry Analysis and Forecast to 2025" published by Crystal Market Research, states that the cochlear implants market is projected to be around $3 billion by 2025.
The global cochlear implants market is expected to be around $3 billion in 2025.Innovations in customization of cochlear implant devices along with reimbursement policies in developing countries will drive the growth of this market. Technological advancements especially in sound chips are fuelling the demand for these products. Rise in geriatric population along with increased incidence of acquired hearing loss are also contributing to the market growth substantially. In 2014, the total American geriatric population was 46.2 million which represented 14.5% of the total population. By 2040, this will grow up to 21.7% of the total American population. Unilateral implantations are witnessing high demand in the market owing to the low cost of surgery as compared to bilateral implantations. Bilateral implantation will witness fastest growth over the forecast period as they have exceptional results when implanted in children at an early age. Children using bilateral cochlear implants exhibit better vocabulary outcomes as compared to children of the same age using unilateral cochlear implants.
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Key Market Players:

William Demant Holding A/S
Cochlear Ltd.
MED-EL
Gaes Group
Sonova Holding AG
SeboTek Hearing Systems LLC
Nurotron Biotechnology Co. Ltd
Audina Hearing Instruments Inc.
GN Store Nord A/S.

In 2016, unilateral implants segment held a major share of the overall cochlear implants market, as the surgery for unilateral implants in done at a lower cost as opposed to bilateral implants. Bilateral implants market will exhibit fastest growth rate over the forecast period, due to the exceptional results of these implants for children. Children who have undergone bilateral implantation benefit from the implants to localize sources of sound and recognize speech in noisy environment at home or school. On an average, children with bilateral implants perform better than unilateral implants on tests of movement tracking and localization.
Adults segment dominated the global market in 2016, due to the presence of large number of adult patients suffering with hearing loss as compared to children. Cochlear implants enhance communication ability in most of the adults suffering from severe to profound deafness which in turn deliver positive social and psychological benefits. Pediatrics segment will exhibit fastest growth rate over the forecast period, due to availability of favorable reimbursement policies for implants in children. For instance, the Belgian National Institute for Health and Disability Insurance provides reimbursement for bilateral cochlear implants in children less than 12 years of age since 2010. Also, the government of India provides reimbursement for cochlear implant procedures for prelingually deaf children from age group between 1 to 16 years. In 2016, Europe accounted for the major share of the global cochlear implants market, owing to the presence of large patient base, rapidly growing elderly population, and increased adoption of implants due to improved healthcare infrastructure in the region. North America held the second largest share of the overall market and is expected to witness an impressive growth over the forecast period, due to rising prevalence of hearing loss, high adoption of advanced products, and well-established healthcare infrastructure. According to the National Institute of Deafness and Other communication Disorders, out of every 1,000 children in U.S., around 2 to 3 children are born with a detectable hearing loss in either one or both ears.

Cochlear Implants Market Segmentation:
By Fitting Type:
Bilateral Implantation
Unilateral Implantation
By End User:
Pediatrics
Adults
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Table of content:

1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.5. Rapid Technological Advancements
3.3.2. Restraints
3.3.2.1. High Cost of Hearing Implants
3.3.3. Opportunities
3.3.3.1. Emerging Market to Offer Lucrative Growth Opportunities
3.4. Industry Trends
3.5. Reimbursement Scenario
4. Cochlear Implants Market, By Fitting Type
4.1. Introduction
4.2. Cochlear Implants Market Assessment and Forecast, By Fitting Type, 2016-2025
4.3. Unilateral Implantation
4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.4. Bilateral Implantation
4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5. Cochlear Implants Market, By End User
5.1. Introduction
5.2. Cochlear Implants Market Assessment and Forecast, By End User, 2016-2025
5.3. Adults
5.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.4. Pediatrics
5.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
6. Cochlear Implants Market, By Region
7. Company Profiles
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