Global 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. However, high cost of devices and lack of awareness regarding available devices are hindering the cochlear implants market.A sample of this report is available upon request @
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Cochlear implants market segmented based on implantation type and end-user
Based on implantation type, cochlear implants market is segmented into
Unilateral Implantation
Bilateral Implantation
Based on end-user, cochlear implants market is segmented into
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
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Cochlear implants market is expected to grow at notable CAGR rate during the forecast period. 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. 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. Furthermore, big companies are acquiring small and medium size firms to expand their market position. For instance, in 2013, William Demant acquired, Neurelec SA., a French manufacturer of cochlear implants. With the acquisition of Neurelec, William Demant Group will get additional cochlear implant portfolio. Entry into this segment of the implant market, which is characterized by significant, long-term growth potential, will strengthen the company’s Oticon Medical division.
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Some of the players in cochlear implants market are Cochlear (Australia), MED-EL (Austria), Sonova Holding AG (Switzerland), The William Demant Holding Group (Denmark), Nurotron Biotechnology Co. Ltd. (U.S) and Microson (Spain) to name a few
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