Cochlear Implants Market By Implantation Type (Unilateral Implantation, Bilateral Implantation), By End-user (Hospitals, Specialty Clinics, Ambulatory Surgical Centers) and Geography

 

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Cochlear Implants Market size was valued at USD 1.6 billion in 2021 and is expected to reach at a compound annual growth rate (CAGR) of 6.8% during the forecast period 2022-2028. A cochlear implant is surgically implantable electronic device that provides a sense of sound to a person with severe or mild hearing loss. Hearing loss, also known as hearing aids impairment, is a partial or total inability to hear. Cochlear implant does not treat hearing loss or impairment. Cochlear implant directly stimulates the cochlea and replaces the function of damaged structures inner ear. Unlike the hearing aids, that make sounds louder, cochlear implants directly provide sound signals to the brain. However, high cost of devices and lack of awareness regarding available devices are hindering the cochlear implants market. The market has few and prominent players. Companies competing by expanding their regional coverage, adopting new technologies, and customising their products by offering new features and making devices user-friendly. According to the National Institute on Deafness and Other Communication Disorders, around 2 to 3 children out of every 1,000 children in U.S., born with a detectable hearing loss in either one or both ears. Asia-Pacific cochlear implants market anticipated growing at fastest rate due to increase in awareness regarding cochlear implants and local presence of market players. For instance, In June 2017, U.S. FDA has approved the Cochlear Ltd.’s nucleus 7, it is the first cochlear implant sound solution that made specifically to use with iPods, iPhones and iPads. It is also a lightest and smallest behind the ear cochlear implant currently in the market. Key Developments: In September 2016, Cochlear Ltd. launched thinnest peri modiolar electrode for their cochlear implant. This electrode helps to protect the delicate structures of the inner ear

Global Cochlear Implants Market Summary

Study Period

2023-29

Base Year

2022

CAGR

6.8%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Cochlear Implants Market Dynamics

cochlear implants market is driven by the technological advancements in the cochlear implants, product customizations and strategies of the market players to reach the wide number of patients. According to World Health Organization (WHO), 360 million people living with disabling hearing loss currently worldwide. One in three people of over the age 65 has a form of hearing loss, and approximately 37 Mn people can be benefited by the use of an implantable hearing device such as a bone conduction implant or a cochlear implant. Furthermore, market players launched new advanced products such as cochlear implants with advancements like noise reduction and connecting to mobile devices. With the light of these advancements cochlear implants market is expected to grow at significant rate over the forecast period.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Cochlear Implants Market Segmentation

By Type
  • Unilateral Implantation
  • Bilateral Implantation
By End-User
  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

1. Executive Summary 2. Global Cochlear Implants Market Introduction 2.1. Global Cochlear Implants Market – Taxonomy 2.2. Global Cochlear Implants Market –Definitions 2.2.1. Implantation Type 2.2.2. End User 3. Global Cochlear Implants Market Dynamics 3.1. Drivers 3.2. Restraints 3.3. Opportunities/Unmet Needs of the Market 3.4. Trends 3.5. Global Cochlear Implants Market Dynamic Factors - Impact Analysis 4. Global Cochlear Implants Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 4.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) 4.3. Market Opportunity Analysis 5. Global Cochlear Implants Market, By Implantation Type, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 5.1. Unilateral Implantation 5.1.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 5.1.3. Market Opportunity Analysis 5.2. Bilateral Implantation 5.2.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 5.2.3. Market Opportunity Analysis 6. Global Cochlear Implants Market, By End User, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 6.1. Hospitals 6.1.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.1.3. Market Opportunity Analysis 6.2. Specialty Clinics 6.2.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.2.3. Market Opportunity Analysis 6.3. Ambulatory Surgical Centers 6.3.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.3.3. Market Opportunity Analysis 7. Global Cochlear Implants Market Forecast, By Region, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 7.1. North America 7.1.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 7.1.3. Market Opportunity Analysis 7.2. Europe 7.2.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 7.2.3. Market Opportunity Analysis 7.3. Asia-Pacific 7.3.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 7.3.3. Market Opportunity Analysis 7.4. Latin America 7.4.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 7.4.3. Market Opportunity Analysis 7.5. Middle East and Africa 7.5.1. Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 7.5.3. Market Opportunity Analysis 7.6. Global Cochlear Implants Market - Opportunity Analysis Index, By Implantation Type, By End User, and Region, 2018 – 2024 8. North America Cochlear Implants Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 8.1. Implantation Type Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 8.1.1. Unilateral Implantation 8.1.2. Bilateral Implantation 8.2. End User Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 8.2.1. Hospitals 8.2.2. Specialty Clinics 8.2.3. Ambulatory Surgical Centers 8.3. Country Analysis 2016 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) 8.3.1. US 8.3.2. Canada 8.4. North America Cochlear Implants Market - Opportunity Analysis Index, By Implantation Type, By End User, and Country, 2018 – 2024 8.5. North America Cochlear Implants Market Dynamics – Trends 9. Europe Cochlear Implants Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 9.1. Implantation Type Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 9.1.1. Unilateral Implantation 9.1.2. Bilateral Implantation 9.2. End User Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 9.2.1. Hospitals 9.2.2. Specialty Clinics 9.2.3. Ambulatory Surgical Centers 9.3. Country Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) 9.3.1. Germany 9.3.2. UK 9.3.3. France 9.3.4. Spain 9.3.5. Italy 9.3.6. Russia 9.3.7. Poland 9.3.8. Rest of Europe 9.4. Europe Cochlear Implants Market - Opportunity Analysis Index, By Implantation Type, By End User, and Country, 2018 – 2024 9.5. Europe Cochlear Implants Market Dynamics – Trends 10. Asia-Pacific Cochlear Implants Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 10.1. Implantation Type Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 10.1.1. Unilateral Implantation 10.1.2. Bilateral Implantation 10.2. End User Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 10.2.1. Hospitals 10.2.2. Specialty Clinics 10.2.3. Ambulatory Surgical Centers 10.3. Country Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) 10.3.1. Japan 10.3.2. China 10.3.3. India 10.3.4. ASEAN 10.3.5. Australia & New Zealand 10.3.6. Rest of Asia-Pacific 10.4. Asia-Pacific Cochlear Implants Market - Opportunity Analysis Index, By Implantation Type, By End User, and Country, 2018 – 2024 10.5. Asia-Pacific Cochlear Implants Market Dynamics – Trends 11. Latin America Cochlear Implants Market Analysis, 2012 - 2012 - 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 11.1. Implantation Type Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 11.1.1. Unilateral Implantation 11.1.2. Bilateral Implantation 11.2. End User Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 11.2.1. Hospitals 11.2.2. Specialty Clinics 11.2.3. Ambulatory Surgical Centers 11.3. Country Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) 11.3.1. Brazil 11.3.2. Mexico 11.3.3. Argentina 11.3.4. Venezuela 11.3.5. Rest of Latin America 11.4. Latin America Cochlear Implants Market - Opportunity Analysis Index, By Implantation Type, By End User, and Country, 2018 – 2024 11.5. Latin America Cochlear Implants Market Dynamics – Trends 12. Middle East and Africa Cochlear Implants Market Analysis, 2013 - 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn) 12.1. Implantation Type Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 12.1.1. Unilateral Implantation 12.1.2. Bilateral Implantation 12.2. End User Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) 12.2.1. Hospitals 12.2.2. Specialty Clinics 12.2.3. Ambulatory Surgical Centers 12.3. Country Analysis 2013 - 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) 12.3.1. Gulf Cooperation Council (GCC) Countries 12.3.2. Israel 12.3.3. South Africa 12.3.4. Rest of MEA 12.4. MEA Cochlear Implants Market - Opportunity Analysis Index, By Implantation Type, By End User, and Country, 2018 – 2024 12.5. MEA Cochlear Implants Market Dynamics – Trends 13. Competition Landscape 13.1. Strategic Dashboard of Top Market Players 13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) 13.2.1. Cochlear (Australia) 13.2.2. MED-EL (Austria) 13.2.3. Sonova Holding AG (Switzerland) 13.2.4. The William Demant Holding Group (Denmark) 13.2.5. Nurotron Biotechnology Co. Ltd. (U.S) 13.2.6. Microson (Spain) 14. Research Methodology 15. Key Assumptions and Acronyms
  • Cochlear (Australia)
  • MED-EL (Austria)
  • Sonova Holding AG (Switzerland)
  • The William Demant Holding Group (Denmark)
  • Nurotron Biotechnology Co. Ltd. (U.S)
  • Microson (Spain)