Cochlear Implants Market Size, Share, Growth Analysis Report By Product Type (Unilateral Implant, Bilateral Implant), By End-user (Adult, Paediatric), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030


Report Code: CMI11638

Published Date: July 2022

Pages: 220

Category: Medical Devices

Reports Description

The global cochlear implants market size was estimated to be worth USD 1.4 billion in 2021 and is anticipated to reach USD 2.5 billion by 2030, with a CAGR of around 7.0% between 2022 and 2030. The report examines the market drivers and restraints for cochlear implants as well as how they will affect demand over the forecast period. The paper also looks at international opportunities in the market for cochlear implants.

Cochlear Implants Market

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Cochlear Implants Market: Overview

An electronic medical device called a cochlear implant is intended to take the place of a damaged inner ear when it comes to hearing. Cochlear implants, in contrast to traditional hearing aids, work by passing the cochlea’s damaged hair cells to help sound impulses reach the brain. Patients with moderate to severe deafness in both ears can benefit from these implants.

In children, single-sided deafness (SSD) is prevalent. Genes, ear trauma, and infections are the most frequent causes of unilateral deafness. Therefore, it is anticipated that the need for unilateral cochlear implants would rise as patient pools grow. One of the most prevalent disorders, congenital deafness mostly affects babies. Newborns have one or more hearing problems, even if they have congenital hearing loss. As a result, a greater prevalence of deafness promotes the use of cochlear implants.

Cochlear Implants Market: COVID-19 Impact Analysis

Sales of cochlear implants were negatively impacted by COVID-19 infection in 2020. Due to the significant danger of infection during neurological (otolaryngology subclass) surgery, drilling into the mastoid antrum has restricted the availability of hearing surgery and treatment services. Patients were then tested for COVID-19 before surgery, significantly delaying the procedure. Additionally, appointments for the post-cochlear implant recovery procedure have been rescheduled or postponed.

Cochlear Implants Market: Growth Drivers

The adoptions of rechargeable cochlear implants, which expands the patient pool, the growing older population, and improved product customization, are the main factors driving the worldwide cochlear implant market. The device’s exorbitant price, the issue with cochlear batteries, and the limitation of medical spending are preventing the market from expanding, though. On the other hand, current developments in the creation of creative next-generation sound processors and new potential markets present promising prospects for market expansion.

One of the main factors propelling the expansion of the cochlear implant market is the rising prevalence of hearing loss in the world’s population. As the dangers are low, there is a systematic increase in actions being done by governments and other organizations to encourage R & D activities and enhance surgical procedures for transplantation. It is carried out while sedated.

The industry is still being impacted by the development of finance and insurance plans to cover these devices as well as the rising demand for voice processors and implantable devices of the next generation. The cochlear implant market is also benefiting from increased health care expenditures, rising disposable income, and an expanding global population.

global cochlear implants market

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Cochlear Implants Market: Segmentation Analysis

Thanks to technical developments and the introduction of fresh, cutting-edge items, the unilateral implant segment dominated the market in 2021. For instance, Cochlear Limited got U.S. FDA approval for its Cochlear Nucleus implants in January 2022, which are intended to treat unilateral hearing loss or single-sided deafness (UHL). Therefore, such product development will increase the market share of cochlear implant systems in the next years.

According to end-user business, the adult segment will rule in 2021 because of the growing senior population, which is more receptive to issues. The WHO predicts that by the year 2050, there will be 2 billion people in the world who are at least 80 years old, up from about 125 million in 2018.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 1.4 Billion
Projected Market Size in 2030 USD 2.5 Billion
CAGR Growth Rate 7.0% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Advanced Bionics AG, Nurotron Biotechnology Co. Ltd, Oticon, MED-EL Medical Electronics, Widex A/S, and Others
Key Segment By Product Type, End-user, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research. Examine possible purchases

Key Insights:

  • The cochlear implants market is anticipated to expand annually at a CAGR of about 7.0% throughout the projected period, according to the study supplied by our research analyst (2022-2030).
  • The size of the cochlear implants market was estimated to be worth USD 1.4 billion in 2021 and is anticipated to grow to USD 2.5 billion by 2030. The market is expected to grow significantly over the coming years as a result of a number of driving factors.
  • According to the segmentation of product type, the unilateral implant segment is expected to have the largest market share in 2021.
  • According to end-user segmentation, the top revenue-generating segment in 2021 was adults.
  • Geographically speaking, the “North America” region generated the most income in 2021.

Recent Development

Dec 2020 – A major provider of hearing aids, Sonova Holding Ag, introduced a revolutionary new generation of hearing aids for cochlear implant users in December 2020. Therefore, a growing range of product launches along with technical cooperation are accelerating business growth.

Regional Landscape

Due to factors like the rise in hearing loss among Americans, technological advancements regarding implants, increased battery life of cochlear implants, and the presence of major market players operating within the industry, the US is expected to maintain a significant portion of the market in North America.

Cochlear Implants

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Additionally, the demand for cochlear implants is being driven by the rising prevalence of hearing loss in the US. For instance, approximately 6,000 American newborns born in 2019 were identified early as having permanent hearing loss, according to a June 2021 update from the Centers for Disease Control and Prevention (CDC).

Competitive Landscape

The paper contains a thorough competition analysis of these major market participants for cochlear implants, together with company biographies, newsworthy events, and important marketing tactics.

The global cochlear implants market is segmented as follows:

By Product Type

  • Unilateral Implant
  • Bilateral Implant

By End-user

  • Adult
  • Paediatric

By Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cochlear Implants Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Cochlear Implants Market: snapshot
  • Chapter 3. Global Cochlear Implants Market – Industry Analysis
    • 3.1 Cochlear Implants Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Adoption of rechargeable cochlear implants
      • 3.2.2 Driver 2
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness Analysis By Product Type
      • 3.7.2 Market attractiveness analysis By End-user
  • Chapter 4. Global Cochlear Implants Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cochlear Implants Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cochlear Implants Market – Product Type Analysis
    • 5.1 Global Cochlear Implants Market overview: By Product Type
      • 5.1.1 Global Cochlear Implants Market share, By Product Type, 2021 and 2030
    • 5.2 Unilateral Implant
      • 5.2.1 Global Cochlear Implants Market by Unilateral Implant, 2022 – 2030 (USD Billion)
    • 5.3 Bilateral Implant
      • 5.3.1 Global Cochlear Implants Market by Bilateral Implant, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Cochlear Implants Market – End-user Analysis
    • 6.1 Global Cochlear Implants Market overview: By End-user
      • 6.1.1 Global Cochlear Implants Market share, By End-user, 2021 and 2030
    • 6.2 Adult
      • 6.2.1 Global Cochlear Implants Market by Adult, 2022 – 2030 (USD Billion)
    • 6.3 Paediatric
      • 6.3.1 Global Cochlear Implants Market by Paediatric, 2022 – 2030 (USD Billion)
  • Chapter 7. Cochlear Implants Market – Regional Analysis
    • 7.1 Global Cochlear Implants Market Regional Overview
    • 7.2 Global Cochlear Implants Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Cochlear Implants Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Cochlear Implants Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Cochlear Implants Market, by Product Type, 2022 – 2030
      • 7.4.1 North America Cochlear Implants Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Cochlear Implants Market, by End-user, 2022 – 2030
      • 7.5.1 North America Cochlear Implants Market, by End-user, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Cochlear Implants Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Cochlear Implants Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Cochlear Implants Market, by Product Type, 2022 – 2030
      • 7.7.1 Europe Cochlear Implants Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe Cochlear Implants Market, by End-user, 2022 – 2030
      • 7.8.1 Europe Cochlear Implants Market, by End-user, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Cochlear Implants Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Cochlear Implants Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Cochlear Implants Market, by Product Type, 2022 – 2030
      • 7.10.1 Asia Pacific Cochlear Implants Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Cochlear Implants Market, by End-user, 2022 – 2030
      • 7.11.1 Asia Pacific Cochlear Implants Market, by End-user, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Cochlear Implants Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Cochlear Implants Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Cochlear Implants Market, by Product Type, 2022 – 2030
      • 7.13.1 Latin America Cochlear Implants Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Cochlear Implants Market, by End-user, 2022 – 2030
      • 7.14.1 Latin America Cochlear Implants Market, by End-user, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Cochlear Implants Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Cochlear Implants Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Cochlear Implants Market, by Product Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Cochlear Implants Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Cochlear Implants Market, by End-user, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Cochlear Implants Market, by End-user, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Advanced Bionics AG
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Nurotron Biotechnology Co. Ltd
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Oticon
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 MED-EL Medical Electronics
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Widex A/S
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Cochlear Implants Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Cochlear Implants Market attractiveness, By Product Type
  • 6. Global Cochlear Implants Market attractiveness, By End-user
  • 7. Global Cochlear Implants Market share by Product Type, 2022 and 2030 (USD Billion)
  • 8. Global Cochlear Implants Market by Unilateral Implant, 2022 – 2030 (USD Billion)
  • 9. Global Cochlear Implants Market by Bilateral Implant, 2022 – 2030 (USD Billion)
  • 10. Global Cochlear Implants Market share by End-user, 2022 and 2030 (USD Billion)
  • 11. Global Cochlear Implants Market by Adult, 2022 – 2030 (USD Billion)
  • 12. Global Cochlear Implants Market by Paediatric, 2022 – 2030 (USD Billion)
  • 13. Global Cochlear Implants Market share, by Region, 2022 and 2030
  • 14. North America Cochlear Implants Market, 2022 – 2030 (USD Billion)
  • 15. Europe Cochlear Implants Market, 2022 – 2030 (USD Billion)
  • 16. Asia Pacific Cochlear Implants Market, 2022 – 2030 (USD Billion)
  • 17. Latin America Cochlear Implants Market, 2022 – 2030 (USD Billion)
  • 18. The Middle-East and Africa Cochlear Implants Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Cochlear Implants Market: Snapshot
  • 2. Drivers of the Cochlear Implants Market: impact analysis
  • 3. North America Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 4. North America Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 5. U.S. Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 7. Canada Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 8. Canada Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 9. Europe Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 10. Europe Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 11. Germany Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 12. Germany Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 13. France Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 14. France Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 15. U.K. Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 16. U.K. Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 17. Italy Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 18. Italy Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 19. Spain Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 20. Spain Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 25. China Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 26. China Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 27. Japan Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 28. Japan Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 29. India Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 30. India Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 31. South Korea Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 32. South Korea Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 37. Latin America Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 38. Latin America Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 39. Brazil Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 40. Brazil Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 41. Mexico Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 42. Mexico Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 49. South Africa Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 50. South Africa Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Cochlear Implants Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Cochlear Implants Market Revenue, By End-user, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the global cochlear implants market:

  • Advanced Bionics AG
  • Nurotron Biotechnology Co. Ltd
  • Oticon
  • MED-EL Medical Electronics
  • Widex A/S

FAQs

“North America” region will lead the global cochlear implants market during the forecast period 2022 to 2030.

The main factors driving the global cochlear implant market are the adoption of rechargeable cochlear implants, which increase the patient pool, the ageing population, and better product customization.

The key players operating in the cochlear implants market are Advanced Bionics AG, Nurotron Biotechnology Co. Ltd, Oticon, MED-EL Medical Electronics, Widex A/S, and Others.

The global cochlear implants market is expanding growth with a CAGR of approximately 7.0% during the forecast period (2022 to 2030).

The global cochlear implants market size was valued at US$ 1.4 billion in 2021 and it is projected to reach around US$ 2.5 billion by 2030.

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