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Global Cochlear Implants Market Outlook 2021: Global Opportunity and Demand Analysis, Market Forecast to 2028

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DESCRIPTION

The Cochlear Implants market is anticipated to grow with a CAGR of 10.8% over the forecast period of 2022-2030. A cochlear implant is a small, implantable device that will help to aid in hearing to an individual who is stone-deaf or who has severe hearing defects. Individuals with severe or profound sensorineural hearing loss could also be ready to enjoy cochlear implants. The implant consists of an external portion that is placed behind the ear and a second portion thats surgically placed under the skin. Cochlear implants are the worlds most successful medical prostheses therein, but 0.2% of recipients reject it or dont use it, and therefore the failure rate needing reimplantation is around 0.5%. The rising geriatric population, growing technological advancements in medical implants, and increasing acceptance of minimally invasive procedures are some factors that may furl the market growth in the future.

Top Driver: Increasing Technological Advancements and Government Support to Fuel the Market

Cochlear implants are gaining full acceptance by the population and medical practitioners in the medical prostheses owing to their capability to cure or improve the hearing defect of a person. Various segments of people are using such implants to rectify their problems, especially the geriatric population. Some children may have hearing defects since birth, and hence such condition is expected to fuel the market. Moreover, technological advancements in cochlear devices had made them extremely feasible and easy to install, which may also contribute to market growth in the future. Furthermore, government support and funding for such devices in the medical field are increasing widely, which may fuel market growth in the future.

Unilateral Segment Accounted for the Largest Market Share
Based on the type of fitting, the market is segmented into unilateral and bilateral. The Unilateral segment held the largest market share owing to various factors such as easy installation procedure, low requirement of anesthesia, and short surgery duration. Unilateral implants are widely used as they are cost-effective and provide great results after the installation process. The bilateral implants are showing fast growth due to their effective sound recognition capabilities. Based on end-use the market is segmented into adults and pediatrics.

Advancement of Technology in Europe is Driving the Market
Europe held the largest market share in the cochlear implants market due to various factors such as growing healthcare expenditure in the region, rising awareness about cochlear implants, growing government initiatives, and increasing various ambulatory surgical centers. North America is expected to show steady growth in the forecast period due to rising technological advancements in the regions. The Asia Pacific is the fastest-growing segment due to the presence of a huge geriatric population in the regions and growing healthcare expenditure.

Players to Focus on New Product Development
The global Cochlear Implants market is expected to grow with a significant CAGR due to the presence of various companies including, Cochlear Ltd., Demant A/S, Sonova, MED-EL Medical Electronics, Nurotron Biotechnology Co. Ltd. Widex USA, Advanced Bionics AG, Starkey, Oticon Medical, and others which are developing new products to drive the market growth.

Advanced Bionics: In August 2018, a product developed by Advanced Bionics called HiRes Ultra 3D received FDA approval for MRI examination owing to its innovative magnetic design.

iotaMotion, Inc.:In December 2019, iotaMotion, Inc., which is a medical technology startup, filed for FDA approval for marketing its cochlear implant insertion system called iotaSOFT system in the US. iotaSOFT system is significantly intended to aid surgeons in the placement of cochlear implant electrode arrays.

Scope of the Report

By Type of Fitting
Unilateral Implant
Bilateral Implant

By End-User
Adult
Pediatric

By Region
North America
Europe
Asia Pacific
Rest of the World

Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.

TABLE OF CONTENTS

Chapter 1 Overview And Scope
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation

Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted

Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary

Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis

Chapter 5 Global Cochlear Implants Market Forces
5.1 Whats Driving the Market
5.2 Porters Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition

Chapter 6 Global Cochlear Implants Market -Industry Snapshots
6.1 Overview
6.1.1 Global Cochlear Implants Market Value, 2019 - 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis

Chapter 7 Global Cochlear Implants Market Analysis, by Type of Fitting
7.1 Overview
7.2 Key Findings for Cochlear Implants Market- By Type of Fitting
7.2.1 Cochlear Implants Market- Unilateral Implant
7.2.2 Cochlear Implants Market- Bilateral Implant

Chapter 8 Global Cochlear Implants Market Analysis, by End use
8.1 Overview
8.2 Key Findings for Cochlear Implants Market- By End use
8.2.1 Cochlear Implants Market- Adult
8.2.2 Cochlear Implants Market- Pediatric

Chapter 9 Cochlear Implants Market Analysis by Region
9.1 Key Findings for Cochlear Implants Market- By region
9.2 Overview
9.2.1 Global Cochlear Implants Market Analysis, By Type of Fitting, 2019 - 2028
9.2.2 Global Cochlear Implants Market Analysis, By End use, 2019 - 2028
9.3 Cochlear Implants Market North America
9.3.1 Overview
9.3.2 U.S.
9.3.3 Canada
9.3.4 Mexico
9.3.5 North America Market, By Type of Fitting
9.3.6 North America Market, By End use
9.4 Cochlear Implants Market Europe
9.4.1 Overview
9.4.2 Germany
9.4.3 United Kingdom
9.4.4 France
9.4.5 Italy
9.4.6 Rest Of Europe
9.4.7 Europe Market, By Type of Fitting
9.4.8 Europe Market, By End use
9.5 Cochlear Implants Market Asia Pacific
9.5.1 Overview
9.5.2 China
9.5.3 Japan
9.5.4 India
9.5.5 Rest of APAC
9.5.6 Asia Pacific Market, By Type of Fitting
9.5.7 Asia Pacific Market, By End use
9.6 Cochlear Implants Market Rest Of World
9.6.1 Overview
9.6.2 Middle East & Africa (MEA)
9.6.3 South America
9.6.4 Rest Of World
9.6.5 South America, Middle East and Africa Market, By Type of Fitting
9.6.6 South America, Middle East and Africa Market, By End use

Chapter 10 Market Competition Analysis
10.1 Market Share/Positioning Analysis
10.1.1 Market Positioning of Key Vendors, 2019
10.1.2 Key Strategies Adopted by the Leading Players
10.1.3 Recent Developments

Chapter 11 Company Profiles- Snapshot
11.1 Cochlear Ltd.
11.1.1 Business Fundamentals
11.1.2 Financial Snapshots
11.1.3 Product Portfolio
11.1.4 Recent Developments
11.2 Demant A/S
11.3 Sonova
11.4 MED-EL Medical Electronics
11.5 Nurotron Biotechnology Co. Ltd.
11.6 Widex USA
11.7 Advanced Bionics AG
11.8 Starkey
11.9 Oticon Medical
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies

Chapter 12 Appendix

List Of Tables

TABLE 1 Cochlear Implants market by Type of Fitting 1, 2019 - 2028 (USD Million)
TABLE 2 Cochlear Implants market by Type of Fitting 2, 2019 - 2028 (USD Million)
TABLE 3 Cochlear Implants market by End use 1, 2019 - 2028 (USD Million)
TABLE 4 Cochlear Implants market by End use 2, 2019 - 2028 (USD Million)
TABLE 5 Global Cochlear Implants Market Value, By Type of Fitting, 2019 - 2028 (US$ Bn)
TABLE 6 Global Cochlear Implants Market Value, By End use, 2019 - 2028 (US$ Bn)
TABLE 7 Cochlear Implants Market Analysis by North America (USD Million), 2019 - 2028
TABLE 8 U.S. Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 9 U.S. Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 10 U.S. Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 11 Canada Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 12 Canada Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 13 Canada Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 14 Mexico Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 15 Mexico Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 16 Mexico Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 17 Cochlear Implants Market Analysis by Europe (USD Million), 2019 - 2028
TABLE 18 Germany Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 19 Germany Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 20 Germany Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 21 United Kingdom Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 22 United Kingdom Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 23 United Kingdom Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 24 France Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 25 France Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 26 France Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 27 Italy Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 28 Italy Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 29 Italy Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 30 Rest Of Europe Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 31 Rest Of Europe Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 32 Rest Of Europe Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 33 Cochlear Implants Market Analysis by Asia Pacific (USD Million), 2019 - 2028
TABLE 34 China Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 35 China Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 36 China Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 37 Japan Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 38 Japan Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 39 Japan Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 40 India Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 41 India Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 42 India Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 43 Rest of APAC Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 44 Rest of APAC Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 45 Rest of APAC Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 46 Cochlear Implants Market Analysis by Rest Of World (USD Million), 2019 - 2028
TABLE 47 Middle East & Africa (MEA) Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 48 Middle East & Africa (MEA) Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 49 Middle East & Africa (MEA) Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 50 South America Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 51 South America Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 52 South America Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)
TABLE 53 Rest Of World Cochlear Implants Market, 2019 - 2028 (USD Million)
TABLE 54 Rest Of World Cochlear Implants Market, By Type of Fitting, 2019 - 2028 (USD Million)
TABLE 55 Rest Of World Cochlear Implants Market, By End use, 2019 - 2028 (USD Million)

List Of Figures

FIG. 1 Global Cochlear Implants: Market Segmentation
FIG. 2 Global Cochlear Implants Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Market Snapshot
FIG. 5 Porters Five Forces Analysis
FIG. 6 Global Cochlear Implants Market Value, 2019 - 2028, (US$ Bn)
FIG. 7 Supply Chain/Value Chain Analysis
FIG. 8 Global Cochlear Implants Market Value Contribution, By Type of Fitting, 2019 & 2026 (%)
FIG. 9 Global Cochlear Implants Market Value Contribution, By End use, 2019 & 2026 (%)
FIG. 10 Global Cochlear Implants Market Value, 2019 - 2028, (US$ Bn)
FIG. 11 North America Cochlear Implants Market Value, 2019 - 2028, (US$ Bn)
FIG. 12 Cochlear Implants Market Segment 1 North America
FIG. 13 Cochlear Implants Market Segment 2 North America
FIG. 14 Cochlear Implants U.S. outlook, 2019 & 2026
FIG. 15 Cochlear Implants Canada outlook, 2019 & 2026
FIG. 16 Cochlear Implants Mexico outlook, 2019 & 2026
FIG. 17 Europe Cochlear Implants Market Value, 2019 - 2028, (US$ Bn)
FIG. 18 Cochlear Implants Market Segment 1 Europe
FIG. 19 Cochlear Implants Market Segment 2 Europe
FIG. 20 Cochlear Implants Germany outlook, 2019 & 2026
FIG. 21 Cochlear Implants United Kingdom outlook, 2019 & 2026
FIG. 22 Cochlear Implants France outlook, 2019 & 2026
FIG. 23 Cochlear Implants Italy outlook, 2019 & 2026
FIG. 24 Cochlear Implants Rest Of Europe outlook, 2019 & 2026
FIG. 25 Asia Pacific Cochlear Implants Market Value, 2019 - 2028, (US$ Bn)
FIG. 26 Cochlear Implants Market Segment 1 Asia Pacific
FIG. 27 Cochlear Implants Market Segment 2 Asia Pacific
FIG. 28 Cochlear Implants China outlook, 2019 & 2026
FIG. 29 Cochlear Implants Japan outlook, 2019 & 2026
FIG. 30 Cochlear Implants India outlook, 2019 & 2026
FIG. 31 Cochlear Implants Rest of APAC outlook, 2019 & 2026
FIG. 32 Rest Of World Cochlear Implants Market Value, 2019 - 2028, (US$ Bn)
FIG. 33 Cochlear Implants Market Segment 1 Rest Of World
FIG. 34 Cochlear Implants Market Segment 2 Rest Of World
FIG. 35 Cochlear Implants Middle East & Africa (MEA) outlook, 2019 & 2026
FIG. 36 Cochlear Implants South America outlook, 2019 & 2026
FIG. 37 Cochlear Implants Rest Of World outlook, 2019 & 2026

Companies Mentioned

Cochlear Ltd.
Demant A/S
Sonova
MED-EL Medical Electronics
Nurotron Biotechnology Co. Ltd.
Widex USA
Advanced Bionics AG
Starkey
Oticon Medical

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