Cochlear Implants Market By Type and End User - Global Industry Analysis and Forecast To 2025
LAS VEGAS, Oct. 18, 2017 (GLOBE NEWSWIRE) -- 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.
Major Key Player
Cochlear Ltd.
MED-EL
William Demant Holding A/S
Sonova
Gaes Group
Nurotron Biotechnology Co. Ltd.
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Cochlear Implants Market Segmentation:
By Fitting Type:
- Bilateral Implantation
- Unilateral Implantation
By End User:
- Pediatrics
- Adults
By Region:
• North America
- U.S
- Canada
- Mexico
• Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
• Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
• Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- Turkey
- United Arab Emirates
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Table of Contents
- Introduction
- Executive Summary
- 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
3.3.1.1. Rising Prevalence of Hearing Disorders
3.3.1.2. Rise in Geriatric Population
3.3.1.3. Increase in the Customization of Hearing Implant Devices
3.3.1.4. Wide Acceptance of Hearing Implants Procedures Among Patients with Hearing Disorders
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
- Cochlear Implants Market, By Product
- Cochlear Implants Market, By Application
- Cochlear Implants Market, By Region
- Company Profiles
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