Press release
Artificial Cochlea Market is Expected to Grow at High CAGR During 2027 - Cochlear, NeuroPace, Medtronic, MED-EL, Sonova Holding AG, Widex A/S and RION
Artificial Cochlea Market
Artificial cochlea or cochlear implant is an electronic device that transmit a sense of sound to person severely deaf. The implant consists of an external portion that sits behind the ear and a second portion that is surgically placed under the skin. A cochlear implant is very different from a hearing aid.
Hearing aids amplify sounds so they may be detected by damaged ears, whereas, cochlear implants bypass damaged portions of the ear and directly stimulate the auditory nerve. Signals generated by the implant are sent by way of the auditory nerve to the brain, which recognizes the signals as sound. Hearing through a cochlear implant is different from normal hearing and takes time to learn or relearn.
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Rising number of new cases of hearing loss in geriatric population, development of new technology in cochlea implants, favorable reimbursement policies are driving the Artificial Cochlea market. The government initiatives such as the Patient Protection and Affordable Care Act (ACA) has several provisions for improving the hearing ability are driving the Artificial Cochlea market.
Key Players Influencing the Market:
1. Boston Scientific Corporation
2. Cochlear Ltd
3. NeuroPace, Inc.
4. Medtronic
5. GN Store Nord
6. MED-EL
7. Sonova Holding AG
8. Starkey Hearing Technologies
9. Widex A/S
10. RION Co. Ltd
Market Segmentation :
The global Artificial Cochlea market is segmented on the type, end user. Based on type, the market is segmented into unilateral implantation, and bilateral implantation. Based on end user, the market is segmented into Children, and Adult.
Major Factors:
o Global Artificial Cochlea Market Overview
o Economic Impact on Market
o Market Competition
o Global Artificial Cochlea Market Analysis by Application
o Industrial Chain, Sourcing Strategy and Downstream Buyers
o Marketing Strategy Analysis, Distributors/Traders
o Global Artificial Cochlea Market Effect, Factors, Analysis
o Global Artificial Cochlea Market Forecast
The Artificial Cochlea Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 - 2027, considering 2018 as the base year and 2018 - 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 18 countries across the mentioned regions.
The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
Browse market data tables and in-depth TOC of the Global Artificial Cochlea Market (2020-2027)
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o Envision the restrictions and restrains that are likely to hamper the market.
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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