Crystal Market Research offers an widespread Research Study on the Global Cochlear Implants Market, And Its Entire Ecosystem, Describes the Market Trends, best market price, Growth, Forecast, Drivers, Restraints And Opportunities Of The Cochlear Implants Market.
Industry Highlights:
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.
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.
Asia-Pacific market is expected to record fastest growth over the forecast period, due to increased awareness and favorable government initiatives in developing countries to increased awareness about the benefits of early implantation in children. For instance, Medtronic launched the Shruti Program in India which aims to increase awareness about diagnosis and treatment of underserved patients, especially children affected by ear disorders.
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Competitive Insights 2018:
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.
Industry Outlook 2018 and Trend Analysis:
Increase in geriatric population worldwide will boost the demand for implants significantly. According to a World Health Organization (WHO), the geriatric population (senior citizens at least 65 years in age) will increase by 88% in coming years. Also, proven results of effectiveness of implantations in children at a young age propose significant prospects in the pediatric market worldwide. Developing countries exhibit a lucrative market due to growing awareness and easily available reimbursement policies.
The global cochlear implants market is expected to be around $3 billion in 2025.Innovations in customization of cochlear implant devices along with reimbursement policies in developing countries will drive the growth of this market. Technological advancements especially in sound chips are fuelling the demand for these products.
The Cochlear Implants Market is segmented as follows-
Cochlear Implants Market, By Fitting Type, Estimates and Forecast, 2016-2025 ($Million)
Unilateral Implantation
Bilateral Implantation
Cochlear Implants Market, By End User, Estimates and Forecast, 2016-2025 ($Million)
Adults
Pediatrics
Regional Outlook:
On a global front, the Cochlear Implants Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA).
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Main TOC of Cochlear Implants Market:
Chapter1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
…
Chapter2. Executive Summary
2.1. Key Highlights
…
Chapter3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Rising Prevalence of Hearing Disorders
3.3.1.2. Rise in Geriatric Population
3.3.1.3. Increase in the Customization of Hearing Implant Devices
3.3.1.4. Wide Acceptance of Hearing Implants Procedures Among Patients with Hearing Disorders
3.3.1.5. Rapid Technological Advancements
3.3.2. Restraints
3.3.2.1. High Cost of Hearing Implants
3.3.3. Opportunities
3.3.3.1. Emerging Market to Offer Lucrative Growth Opportunities
3.4. Industry Trends
3.5. Reimbursement Scenario
…
Chapter4. Cochlear Implants Market, By Fitting Type
4.1. Introduction
4.2. Cochlear Implants Market Assessment and Forecast, By Fitting Type, 2016-2025
4.3. Unilateral Implantation
4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.4. Bilateral Implantation
4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
…
Chapter5. Cochlear Implants Market, By End User
5.1. Introduction
5.2. Cochlear Implants Market Assessment and Forecast, By End User, 2016-2025
5.3. Adults
5.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.4. Pediatrics
5.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
…
Chapter6. Cochlear Implants Market, By Region
6.1. Introduction
6.2. Cochlear Implants Market Assessment and Forecast, By Region, 2016-2025 ($Million)
6.3. North America
6.3.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)
6.3.2. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.3.3. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.3.3.1. U.S.
6.3.3.1.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.3.3.1.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.3.3.2. Canada
6.3.3.2.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.3.3.2.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.3.3.3. Mexico
6.3.3.3.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.3.3.3.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.4. Europe
6.4.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)
6.4.2. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.4.3. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.4.3.1. Germany
6.4.3.1.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.4.3.1.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.4.3.2. France
6.4.3.2.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.4.3.2.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.4.3.3. UK
6.4.3.3.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.4.3.3.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.4.3.4. Italy
6.4.3.4.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.4.3.4.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.4.3.5. Spain
6.4.3.5.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.4.3.5.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.4.3.6. Russia
6.4.3.6.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.4.3.6.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
6.4.3.7. Rest of Europe
6.4.3.7.1. Market Assessment and Forecast, By Fitting Type, 2016-2025 ($Million)
6.4.3.7.2. Market Assessment and Forecast, End User, 2016-2025 ($Million)
…CONTINUED FOR TOC
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