Emphasis cochlear implants is the factor augmenting the cochlear implants market demand. Cochlear implants are referred to as small electronic devices aiding people in hearing sounds. They are meant for those who have moderate to severe hearing loss. Rise in geriatric population is another factor catalyzing the hearing implants landscape.
Companies spanning the cochlear implants market report scope are collaborating with the research institutions to develop bilateral simultaneous cochlear implants in adults suffering from anacusis owing to bacterial meningitis.
They are also working toward organizing awareness campaigns regarding the importance of cochlear implants in the untapped geographies of Latin America, Middle East & Africa, and Asia Pacific.
Cochlear implants are complex, small electronic devices that are capable of helping in providing a sense of sound to someone sheer hard-of-hearing or profoundly deaf. The implant comprises an external portion sitting behind the ear with second portion surgically placed under skin.
The components of a cochlear implant include a microphone, a speech processor, a transmitter and stimulator/receiver, and an electrode array.
National Institute on Deafness and Other Communication Disorders (NIDCD) extends support to research pertaining to research regarding cochlear implants. Scientists are exploring if insertion of a shortened electrode array into the portion of cochlea can aid individuals whose hearing deformity is confined to higher frequencies during preservation of hearing of lower frequencies.
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| Market Drivers |
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These days there has been a rise in preference for minimally invasive surgical techniques to enhance the comfort quotient (CQ) of the patients.
According to the report published by Statistics Canada in October 2021, close to 60% of the population of Canada aged 19-79 had a problem with hearing, which constitutes hearing loss and audio metrically measuring tinnitus.
As per the National Institute of Deafness and Other Communicable Disorders, 2-3 children in a group of 1000 children in the U.S. are born with hearing loss in one or both the ears, which can be at detectable level.
Advantages of minimally surgical procedures such as reduced trauma, reduced blood loss, minimal risk of surgical complications, reduced risk of infections, reduced scarring, reduced recovery time, reduced hospital stay, and reduced pain and requirement for post-surgery medication are thus accelerating the cochlear implants market growth.
Hearing loss is pretty common in the elderly population. Research states that over 15% of the geriatric population suffer from moderate to higher hearing loss. It further states that amongst those aged 90 and above, more than 58% suffer from such a level of hearing loss.
Moderate hearing loss results in the elderly population struggling to listen to spoken conversations or even the phone ring. With higher level of hearing loss, they are likely of developing inability of hearing even the traffic sounds.
Cochlear implants help the geriatric population suffering from severe-to-profound sensorineural hearing loss.
Cochlear implant surgery is a straightforward operation lasting between one and two hours and is performed under local or general anesthesia. The audio processor is fitted after four weeks of recovery.
As per the WHO, 1 billion individuals were aged 60 and above in 2020 and the number is expected to reach 2.1 billion by 2030.
Need to curtail the problems pertaining to hearing loss regarding the geriatric population is thus expanding the cochlear implants market size.
| Attribute | Detail |
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| Leading Region | North America |
As per the latest cochlear implants market analysis, Europe dominated the hearing aid devices landscape in 2023 and the scenario is expected to persist during the forecast period. This is attributed to adoption of technological advancements on continual basis in the U.K., France, Italy, and Germany.
North America is also holding a significant cochlear implants market share. This is due to companies taking initiatives for developing products to improve the customer satisfaction ratio. In June 2021, Oticon Medical obtained premarket approval from the U.S. FDA for its Neuro System for treating individuals aged 18 and above.
The leading manufacturers of cochlear implants are launching new products followed by speedy approval from the regulatory authorities. For instance, in January 2022, the U.S. FDA approved Cochlear Nucleus Implants of Cochlear Limited to treat unilateral hearing loss (UHL)/single-sided deafness (SSD).
Cochlear Limited, Sonova International, MED-EL, Demant A/S, Zhejiang Nurotron Biotechnology Co., Ltd. (Nurotron), Amplifon S.p.A (GAES), Advanced Bionics, and Others are some of the players covered in the cochlear implants market report.
These companies have been profiled based on parameters such as company overview, business strategies, financial overview, product portfolio, and business segments.
| Attribute | Detail |
|---|---|
| Market Size in 2023 | US$ 1.6 Bn |
| Market Forecast (Value) in 2034 | US$ 3.0 Bn |
| Growth Rate (CAGR) | 6.0% |
| Forecast Period | 2024-2034 |
| Historical Data Available for | 2020-2022 |
| Quantitative Units | US$ Bn for Value |
| Market Analysis | It includes segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available Upon Request |
| Pricing | Available Upon Request |
It was valued at US$ 1.6 Bn in 2023
It is projected to grow at a CAGR of 6.0% from 2024 to 2034
Preference for minimally invasive surgeries and rise in geriatric population
Adult segment accounted for the largest share in 2023
Europe was the dominant region in 2023
Cochlear Limited, Sonova International, MED-EL, Demant A/S, Zhejiang Nurotron Biotechnology Co., Ltd. (Nurotron), Amplifon S.p.A (GAES), Advanced Bionics, and Others
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Cochlear Implants Market
4. Market Overview
4.1. Introduction
4.1.1. Product Definition
4.1.2. Industry Evolution/Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Cochlear Implants Market Analysis and Forecast, 2020-2034
5. Key Insights
5.1. Pipeline Analysis
5.2. Key Product/Brand Analysis
5.3. Key Mergers & Acquisitions
5.4. COVID-19 Pandemic Impact on Industry
6. Global Cochlear Implants Market Analysis and Forecast, by Type
6.1. Introduction & Definition
6.2. Key Findings/Developments
6.3. Market Value Forecast, by Type, 2020-2034
6.3.1. Unilateral Implantation
6.3.2. Bilateral Implantation
6.4. Market Attractiveness Analysis, by Type
7. Global Cochlear Implants Market Analysis and Forecast, by Application
7.1. Introduction & Definition
7.2. Key Findings/Developments
7.3. Market Value Forecast, by Application, 2020-2034
7.3.1. Adult
7.3.2. Pediatric
7.4. Market Attractiveness Analysis, by Application
8. Global Cochlear Implants Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region, 2020-2034
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, by Region
9. North America Cochlear Implants Market Analysis and Forecast
9.1. Introduction
9.2. Key Findings
9.3. Market Value Forecast, by Type, 2020-2034
9.3.1. Unilateral Implantation
9.3.2. Bilateral Implantation
9.4. Market Value Forecast, by Application, 2020-2034
9.4.1. Adult
9.4.2. Pediatric
9.5. Market Value Forecast, by Country, 2020-2034
9.5.1. U.S.
9.5.2. Canada
9.6. Market Attractiveness Analysis
9.6.1. By Type
9.6.2. By Application
9.6.3. By Country
10. Europe Cochlear Implants Market Analysis and Forecast
10.1. Introduction
10.2. Key Findings
10.3. Market Value Forecast, by Type, 2020-2034
10.3.1. Unilateral Implantation
10.3.2. Bilateral Implantation
10.4. Market Value Forecast, by Application, 2020-2034
10.4.1. Adult
10.4.2. Pediatric
10.5. Market Value Forecast, by Country/Sub-region, 2020-2034
10.5.1. Germany
10.5.2. U.K.
10.5.3. France
10.5.4. Italy
10.5.5. Spain
10.5.6. Rest of Europe
10.6. Market Attractiveness Analysis
10.6.1. By Type
10.6.2. By Application
10.6.3. By Country/Sub-region
11. Asia Pacific Cochlear Implants Market Analysis and Forecast
11.1. Introduction
11.2. Key Findings
11.3. Market Value Forecast, by Type, 2020-2034
11.3.1. Unilateral Implantation
11.3.2. Bilateral Implantation
11.4. Market Value Forecast, by Application, 2020-2034
11.4.1. Adult
11.4.2. Pediatric
11.5. Market Value Forecast, by Country/Sub-region, 2020-2034
11.5.1. China
11.5.2. Japan
11.5.3. India
11.5.4. Australia & New Zealand
11.5.5. Rest of Asia Pacific
11.6. Market Attractiveness Analysis
11.6.1. By Type
11.6.2. By Application
11.6.3. By Country/Sub-region
12. Latin America Cochlear Implants Market Analysis and Forecast
12.1. Introduction
12.2. Key Findings
12.3. Market Value Forecast, by Type, 2020-2034
12.3.1. Unilateral Implantation
12.3.2. Bilateral Implantation
12.4. Market Value Forecast, by Application, 2020-2034
12.4.1. Adult
12.4.2. Pediatric
12.5. Market Value Forecast, by Country/Sub-region, 2020-2034
12.5.1. Brazil
12.5.2. Mexico
12.5.3. Rest of Latin America
12.6. Market Attractiveness Analysis
12.6.1. By Type
12.6.2. By Application
12.6.3. By Country/Sub-region
13. Middle East & Africa Cochlear Implants Market Analysis and Forecast
13.1. Introduction
13.2. Key Findings
13.3. Market Value Forecast, by Type, 2020-2034
13.3.1. Unilateral Implantation
13.3.2. Bilateral Implantation
13.4. Market Value Forecast, by Application, 2020-2034
13.4.1. Adult
13.4.2. Pediatric
13.5. Market Value Forecast, by Country/Sub-region, 2020-2034
13.5.1. GCC Countries
13.5.2. South Africa
13.5.3. Rest of Middle East & Africa
13.6. Market Attractiveness Analysis
13.6.1. By Type
13.6.2. By Application
13.6.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competitive Matrix (by Tier and Size of Companies)
14.2. Market Share Analysis, by Company (2023)
14.3. Company Profiles
14.3.1. Cochlear Limited
14.3.1.1. Company Overview
14.3.1.2. Product Portfolio
14.3.1.3. SWOT Analysis
14.3.1.4. Financial Overview
14.3.1.5. Strategic Overview
14.3.2. Sonova International
14.3.2.1. Company Overview
14.3.2.2. Product Portfolio
14.3.2.3. SWOT Analysis
14.3.2.4. Financial Overview
14.3.2.5. Strategic Overview
14.3.3. MED-EL
14.3.3.1. Company Overview
14.3.3.2. Product Portfolio
14.3.3.3. SWOT Analysis
14.3.3.4. Financial Overview
14.3.3.5. Strategic Overview
14.3.4. Demant A/S
14.3.4.1. Company Overview
14.3.4.2. Product Portfolio
14.3.4.3. SWOT Analysis
14.3.4.4. Financial Overview
14.3.4.5. Strategic Overview
14.3.5. Zhejiang Nurotron Biotechnology Co., Ltd. (Nurotron)
14.3.5.1. Company Overview
14.3.5.2. Product Portfolio
14.3.5.3. SWOT Analysis
14.3.5.4. Financial Overview
14.3.5.5. Strategic Overview
14.3.6. Amplifon S.p.A (GAES)
14.3.6.1. Company Overview
14.3.6.2. Product Portfolio
14.3.6.3. SWOT Analysis
14.3.6.4. Financial Overview
14.3.6.5. Strategic Overview
14.3.7. Advanced Bionics
14.3.7.1. Company Overview
14.3.7.2. Product Portfolio
14.3.7.3. SWOT Analysis
14.3.7.4. Financial Overview
14.3.7.5. Strategic Overview
14.3.8. Others
14.3.8.1. Company Overview
14.3.8.2. Product Portfolio
14.3.8.3. SWOT Analysis
14.3.8.4. Financial Overview
14.3.8.5. Strategic Overview
List of Tables
Table 01: Global Cochlear Implants Market Size (US$ Bn) Forecast, by Type, 2020-2034
Table 02: Global Cochlear Implants Market Size (US$ Bn) Forecast, by Application, 2020-2034
Table 03: Global Cochlear Implants Market Size (US$ Bn) Forecast, by Region, 2020-2034
Table 04: North America Cochlear Implants Market Size (US$ Bn) Forecast, by Country, 2020-2034
Table 05: North America Cochlear Implants Market Size (US$ Bn) Forecast, by Type, 2020-2034
Table 06: North America Cochlear Implants Market Size (US$ Bn) Forecast, by Application, 2020-2034
Table 07: Europe Cochlear Implants Market Size (US$ Bn) Forecast, by Country/Sub-region, 2020-2034
Table 08: Europe Cochlear Implants Market Size (US$ Bn) Forecast, by Type, 2020-2034
Table 09: Europe Cochlear Implants Market Size (US$ Bn) Forecast, by Application, 2020-2034
Table 10: Asia Pacific Cochlear Implants Market Size (US$ Bn) Forecast, by Country/Sub-region, 2020-2034
Table 11: Asia Pacific Cochlear Implants Market Size (US$ Bn) Forecast, by Type, 2020-2034
Table 12: Asia Pacific Cochlear Implants Market Size (US$ Bn) Forecast, by Application, 2020-2034
Table 13: Latin America Cochlear Implants Market Size (US$ Bn) Forecast, by Country/Sub-region, 2020-2034
Table 14: Latin America Cochlear Implants Market Size (US$ Bn) Forecast, by Type, 2020-2034
Table 15: Latin America Cochlear Implants Market Size (US$ Bn) Forecast, by Application, 2020-2034
Table 16: Middle East & Africa Cochlear Implants Market Size (US$ Bn) Forecast, by Country/Sub-region, 2020-2034
Table 17: Middle East & Africa Cochlear Implants Market Size (US$ Bn) Forecast, by Type, 2020-2034
Table 18: Middle East & Africa Cochlear Implants Market Size (US$ Bn) Forecast, by Application, 2020-2034
List of Figures
Figure 01: Global Cochlear Implants Market Size (US$ Bn) and Distribution (%), by Region, 2023 and 2034
Figure 02: Global Cochlear Implants Market Revenue (US$ Bn), by Type, 2023
Figure 03: Global Cochlear Implants Market Value Share, by Type, 2023
Figure 04: Global Cochlear Implants Market Revenue (US$ Bn), by Application, 2023
Figure 05: Global Cochlear Implants Market Value Share, by Application, 2023
Figure 06: Global Cochlear Implants Market Value Share, by Region, 2023
Figure 07: Global Cochlear Implants Market Value (US$ Bn) Forecast, 2020-2034
Figure 08: Global Cochlear Implants Market Value Share Analysis, by Type, 2023 and 2034
Figure 09: Global Cochlear Implants Market Attractiveness Analysis, by Type, 2020-2034
Figure 10: Global Cochlear Implants Market Value Share Analysis, by Application, 2023 and 2034
Figure 11: Global Cochlear Implants Market Attractiveness Analysis, by Application, 2020-2034
Figure 12: Global Cochlear Implants Market Value Share Analysis, by Region, 2023 and 2034
Figure 13: Global Cochlear Implants Market Attractiveness Analysis, by Region, 2020-2034
Figure 14: North America Cochlear Implants Market Value (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 15: North America Cochlear Implants Market Attractiveness Analysis, by Country, 2020-2034
Figure 16: North America Cochlear Implants Market Value Share Analysis, by Country, 2023 and 2034
Figure 17: North America Cochlear Implants Market Value Share Analysis, by Type, 2023 and 2034
Figure 18: North America Cochlear Implants Market Value Share Analysis, by Application, 2023 and 2034
Figure 19: North America Cochlear Implants Market Attractiveness Analysis, by Type, 2020-2034
Figure 20: North America Cochlear Implants Market Attractiveness Analysis, by Application, 2020-2034
Figure 21: Europe Cochlear Implants Market Value (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 22: Europe Cochlear Implants Market Attractiveness Analysis, by Country/Sub-region, 2020-2034
Figure 23: Europe Cochlear Implants Market Value Share Analysis, by Country/Sub-region, 2023 and 2034
Figure 24: Europe Cochlear Implants Market Value Share Analysis, by Type, 2023 and 2034
Figure 25: Europe Cochlear Implants Market Value Share Analysis, by Application, 2023 and 2034
Figure 26: Europe Cochlear Implants Market Attractiveness Analysis, by Type, 2020-2034
Figure 27: Europe Cochlear Implants Market Attractiveness Analysis, by Application, 2020-2034
Figure 28: Asia Pacific Cochlear Implants Market Value (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 29: Asia Pacific Cochlear Implants Market Attractiveness Analysis, by Country/Sub-region, 2020-2034
Figure 30: Asia Pacific Cochlear Implants Market Value Share Analysis, by Country/Sub-region, 2023 and 2034
Figure 31: Asia Pacific Cochlear Implants Market Value Share Analysis, by Type, 2023 and 2034
Figure 32: Asia Pacific Cochlear Implants Market Value Share Analysis, by Application, 2023 and 2034
Figure 33: Asia Pacific Cochlear Implants Market Attractiveness Analysis, by Type, 2020-2034
Figure 34: Asia Pacific Cochlear Implants Market Attractiveness Analysis, by Application, 2020-2034
Figure 35: Latin America Cochlear Implants Market Value (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 36: Latin America Cochlear Implants Market Attractiveness Analysis, by Country/Sub-region, 2020-2034
Figure 37: Latin America Cochlear Implants Market Value Share Analysis, by Country/Sub-region, 2023 and 2034
Figure 38: Latin America Cochlear Implants Market Value Share Analysis, by Type, 2023 and 2034
Figure 39: Latin America Cochlear Implants Market Value Share Analysis, by Application, 2023 and 2034
Figure 40: Latin America Cochlear Implants Market Attractiveness Analysis, by Type, 2020-2034
Figure 41: Latin America Cochlear Implants Market Attractiveness Analysis, by Application, 2020-2034
Figure 42: Middle East & Africa Cochlear Implants Market Size (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 43: Middle East & Africa Cochlear Implants Market Attractiveness Analysis, by Country/Sub-region, 2020-2034
Figure 44: Middle East & Africa Cochlear Implants Market Value Share Analysis, by Country/Sub-region, 2023 and 2034
Figure 45: Middle East & Africa Cochlear Implants Market Value Share Analysis, by Type, 2023 and 2034
Figure 46: Middle East & Africa Cochlear Implants Market Value Share Analysis, by Application, 2023 and 2034
Figure 47: Middle East & Africa Cochlear Implants Market Attractiveness Analysis, by Type, 2020-2034
Figure 48: Middle East & Africa Cochlear Implants Market Attractiveness Analysis, by Application, 2020-2034
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Cochlear Implants Market
