A research study titled, “Cochlear Implants Market by type and end user - global industry analysis and forecast to 2025” published by crystal market research, states that the cochlear implants market is projected to be around $3 billion by 2025.
Report Overview:
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.
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The Global Cochlear Implants Market is expected to be around $3 billion in 2025. Innovations in customization of cochlear implant devices along with reimbursement policies in developing countries will drive the growth of this market. Technological advancements especially in sound chips are fuelling the demand for these products. Rise in geriatric population along with increased incidence of acquired hearing loss are also contributing to the market growth substantially. In 2014, the total American geriatric population was 46.2 million which represented 14.5% of the total population. By 2040, this will grow up to 21.7% of the total American population.
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Cochlear Implants Market Segmentation:
Cochlear Implants Market Assessment and Forecast, By Fitting Type, 2016-2025:Bilateral Implantation
Unilateral Implantation
Cochlear Implants Market Assessment and Forecast, By Fitting Type, 2016-2025:Bilateral Implantation
Unilateral Implantation
Cochlear Implants Market Assessment and Forecast, By End User, 2016-2025:Pediatrics
Adults
Adults
Cochlear Implants Market Assessment and Forecast, By Region, 2016-2025 ($Million):North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Africa
Saudi Arabia
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Africa
Saudi Arabia
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Competitive Insights:
The market is heavily dominated by few large companies such as Cochlear Ltd. and MED-EL, who have a global presence and a diverse product portfolio. These players are highly focused on developing innovative products to sustain the market competition. For instance, in 2015, MED-EL received FDA approval for its SYNCHRONY cochlear implant, the first and only cochlear implant approved for 3.0T MRI without magnet removal. Some of the other key players in this market are William Demant Holding A/S, Sonova, Gaes Group, and Nurotron Biotechnology Co. Ltd.
Regional Outlook:
Europe constituted the major market share of the overall market in 2016, owing to the advanced health infrastructure in the European Union. Presence of huge patient base along with increased adoption of implants is the key factor for the market growth. North America is the second largest market for implants because of the presence of favorable reimbursement policies along with the high purchasing power of people in this region.
The market is heavily dominated by few large companies such as Cochlear Ltd. and MED-EL, who have a global presence and a diverse product portfolio. These players are highly focused on developing innovative products to sustain the market competition. For instance, in 2015, MED-EL received FDA approval for its SYNCHRONY cochlear implant, the first and only cochlear implant approved for 3.0T MRI without magnet removal. Some of the other key players in this market are William Demant Holding A/S, Sonova, Gaes Group, and Nurotron Biotechnology Co. Ltd.
Regional Outlook:
Europe constituted the major market share of the overall market in 2016, owing to the advanced health infrastructure in the European Union. Presence of huge patient base along with increased adoption of implants is the key factor for the market growth. North America is the second largest market for implants because of the presence of favorable reimbursement policies along with the high purchasing power of people in this region.
List of Tables:
Table 1.Global Cochlear Implants Market, By Fitting Type ($Million), 2016-2025
Table 2.Unilateral Implantation Market, By Region ($Million), 2016-2025
Table 3.Bilateral Implantation Market, By Region ($Million), 2016-2025
Table 4.Cochlear Implants Market, By End User ($Million), 2016-2025
Table 5.Adults Market, By Region ($Million), 2016-2025
Table 6.Pediatrics Market, By Region ($Million), 2016-2025
Table 7.Cochlear Implants Market, By Region, 2016-2025 ($Million)
Table 8.North America Cochlear Implants Market, By Country, 2016-2025
($Million)
Table 9.North America Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 10.North America Cochlear Implants Market, By End User, 2016-2025 ($Million)
Table 11.U.S. Cochlear Implants Market, by Fitting Type, 2016-2025 ($Million)
Table 1.Global Cochlear Implants Market, By Fitting Type ($Million), 2016-2025
Table 2.Unilateral Implantation Market, By Region ($Million), 2016-2025
Table 3.Bilateral Implantation Market, By Region ($Million), 2016-2025
Table 4.Cochlear Implants Market, By End User ($Million), 2016-2025
Table 5.Adults Market, By Region ($Million), 2016-2025
Table 6.Pediatrics Market, By Region ($Million), 2016-2025
Table 7.Cochlear Implants Market, By Region, 2016-2025 ($Million)
Table 8.North America Cochlear Implants Market, By Country, 2016-2025
($Million)
Table 9.North America Cochlear Implants Market, By Fitting Type, 2016-2025 ($Million)
Table 10.North America Cochlear Implants Market, By End User, 2016-2025 ($Million)
Table 11.U.S. Cochlear Implants Market, by Fitting Type, 2016-2025 ($Million)
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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact Us:
Judy S,
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact Us:
Judy S,
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
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