Cochlear Implants Market Expected to Witness a Sustainable Growth over 2027

Cochlear Implants Market Accounted To US$ 1,510.9 Mn In 2018 And Is Expected To Grow At A CAGR Of 11.9% During The Forecast Period 2019 – 2027, To Account To US$ 4,124.1 Mn By 2027.

The cochlear implants market by type of fitting is segmented into unilateral cochlear implantation, bilateral cochlear implantation. In 2018, the Unilateral Implantation segment held the largest market share of 55.7% of the cochlear implants market, by type of fitting. This segment is also expected to dominate the market in 2027 as unilateral cochlear implantation restores hearing and promotes auditory development. Moreover, the bilateral cochlear implantation segment is also anticipated to witness the fastest growth rate of 12.4% during the forecast period, 2019 to 2027, owing to the rising demand for the bilateral cochlear implantation.

Product launches and up gradation was observed as the most adopted strategy in global cochlear implants industry. For instance, in January 2019, Starkey Hearing Technologies is thrilled to introduce a product that can help give millions of people, their families, and caregivers peace of mind. Fall Alert, a revolutionary feature of Livio AI, can detect falls and send alert messages to selected contacts. Starkey Hearing Technologies incorporated significant new inventions to avoid false-positives and flag only true falls. Thus, such product up gradations is likely to boost up the growth of its own and is likely to contribute to the market growth in the coming future.

The key players profiled in the Cochlear Implants Market research study includes:

Cochlear Ltd.
MED-EL
Sonova
Nurotron Biotechnology Co. Ltd.
Medtronic
Demant A/S
Starkey
WIDEX A/S
Amplifon
GN Hearing A/S

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Since, the key findings in the Cochlear Implants Market research reports highlight crucial progressive industry trends, it allows the companies across the value chain to develop effective long-term strategies. The clients get to understand a clear picture of the competitors and can develop strategies and modify business expansion plans accordingly. The Cochlear Implants Market research reports cover thousands of global players that based on several parameters, such as company revenue, product portfolio, and geographic presence.

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 News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market
NOTE: All the financials considered in Company Profile’s section have been standardized to US$. This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.

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