NEW YORK, Aug. 29, 2023 /PRNewswire/ — The cochlear implants market to grow by USD 811.6 million at a CAGR of 8.62% from 2022 to 2027, according to the latest research report from Technavio. Discover Health Care Equipment industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

Company Landscape

The global cochlear implants market is fragmented, with many international players such as Cochlear, Sonova and MED EL providing hearing aids with high functionality and compact designs. With growing advances in technology and product innovation, the competition in the market is intensifying. The cochlear implant market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Company Offerings

• Amplifon SpA – The company offers cochlear implants under the subsidiary GAES. 
• Cochlear Ltd. – The company offers cochlear implants such as the Nucleus system. 
• Envoy Medical Corp. – The company offers cochlear implants such as Acclaim. 

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Key Market Segmentation

This cochlear implants market report extensively covers market segmentation by end-user (adult and pediatric), product (unilateral and bilateral), and geography (North America, Europe, Asia, and Rest of World (ROW)).

• The unilateral segment will be significant during the forecast period. This segment involves the implantation of a cochlear implant in one ear and although bilateral implantation offers benefits, personal preference or significant residual hearing in the non-implanted ear are factors increasing the adoption of unilateral implantation. For instance, in the Netherlands, adults with eligibility for cochlear implantation generally receive reimbursement only for one cochlear implant. Hence, such factors fuel the unilateral segment during the forecast period.

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Regional Market Outlook

• North America will contribute 35% to the growth of the global market during the forecast period. The growth of the regional market is attributed to the availability of favorable reimbursements; the introduction of innovative and advanced products; and the growing adoption of such products. Additionally, growing initiatives to improve awareness, the expansion of field sales organizations and direct-to-consumer (DTC) marketing, and enhanced sales-force effectiveness are also boosting the market growth in the region. Hence, such factors fuel the regional market growth during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Companies Mentioned

• Amplifon SpA
• Cochlear Ltd.
• Envoy Medical Corp.
• iotaMotion Inc.
• MED EL Elektromedizinische Gerate GmbH
• Medtronic Plc
• Neubio AG
• Olympus Corp.
• Oticon Medical AS
• Ototronix LLC
• Shanghai Lishengte Medical Technology Co. Ltd.
• Sonova AG
• Starkey Laboratories Inc.
• The Cochlear Implant Group India
• TODOC Co. Ltd.
• ZHEJIANG NUROTRON BIOTECHNOLOGY CO. LTD.

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Key Topics Covered:

 

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End user

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US

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