A cochlear implant, also known as cranial osteotomy, is a surgically planted neuroprosthetic devise that gives a deaf person a modified sense of sound through the stimulation of the sensorineural auditory nerve. CI stands for continuous electrical interconnection. A CI implant simply bypasses the regular auditory pathway to substitute it with electronic signals that directly connect the auditory nerve to the cochlear implants. The device uses two electrodes, one to send the sound signal to the ear and the other to provide feedback to the person’s brain that translates the sound into words. These devices are very complicated and need a great deal of training for the patients who want to use them. There are very low levels of noise that these instruments pick up, making them ideal for use by children who suffer from hearing impairment and other forms of impairment.
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Growing awareness regarding hearing aid devices among the population is driving the growth of cochlear implants. Moreover, the increasing geriatric population and growing adoption of the technologically advanced device is again augmenting the growth of the market. For example, in December 2020, Advanced Bionics (AB), a marketer in cochlear implant technology, in partnership with Phonak, a provider of hearing solutions, receives FDA approval for Marvel hearing technology to Advanced Bionics cochlear implant wearers. An increasing number of clinics for speech therapy is further expected to augment the growth of the market.
North America is expected to gain significant growth over the forecast period and this is attributed to the high presence of the aging population in the region. According to the urban institute, the number of Americans ages 65 and older will more than double over the next 40 years, reaching 80 million in 2040. Moreover, the presence of local presence of key market players in the region is further expected to foster the growth of the market.
Key Developments:
- In December 2019, Cochlear Limited the global marketer in implantable hearing solutions, announces the U.S. (FDA) clearance of the new Cochlear™ Osia® 2 System.
- In July 2020, Cochlear Limited announced the U.S. FDA clearance of three new products to be added to the company’s suite of hearing technology devices, all of which can connect to smartphones
- In June 2021, Oticon Medical announced that the US (FDA) has granted premarket approval (PMA) to the company’s Neuro System to treat individuals with bilateral severe-to-profound sensorineural hearing loss
The Key Manufacturers covered in this Report:-
- Cochlear
- MED-EL
- AB(Sonova)
- Oticon(William Demant)
- Nurotron
- Listent
By Product Type, the market is primarily segmented into:
- Unilateral
- Binaural
By Applications, the market is segmented into:
- Children
- Adults
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The objective of the Cochlear Implants Market Report:
- To assess the size of the market by value and volume
- Analyze the Cochlear Implants Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Cochlear Implants Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Cochlear Implants Market
Key Questions Answered by the Report:
- What is the estimated market size for the year 2021?
- What will be market growth till 2028, and what will be the resultant market size over the next Eight Years?
- What is the Impact of Covid-19 on market growth? How is Industry mitigating the associated risk, and overcoming the associated challenge?
- What are key market drivers, restraints, and future opportunities? How are they impacting the market dynamics and subsequent analysis of the associated trends?
- Which segment or region will drive or lead market growth, and Why?
- Who are the entities in the ecosystem of the market? How are they connected? How are they performing?
- A comprehensive mapping of all the market participants, and detailed competitive intelligence on each of them.
- What are the key strategies adopted by market players? An in-depth analysis of these strategies and their impact on competition and revenue growth.
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Major Points are Covered in the Table of Content:
1 Study Coverage
1.1 Cochlear Implants Product Introduction
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered: Ranking of Global Top Cochlear Implants Manufacturers by Revenue in 2019
1.4 Market by Type
1.4.1 Global Cochlear Implants Market Size Growth Rate by Type
1.4.2 Unilateral
1.4.3 Binaural
1.5 Market by Application
1.5.1 Global Cochlear Implants Market Size Growth Rate by Application
1.5.2 Children
1.5.3 Adults
1.6 Coronavirus Disease 2019 (Covid-19): Cochlear Implants Industry Impact
1.6.1 How the Covid-19 is Affecting the Cochlear Implants Industry
1.6.1.1 Cochlear Implants Business Impact Assessment – Covid-19
1.6.1.2 Supply Chain Challenges
1.6.1.3 COVID-19s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Cochlear Implants Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.6.3.2 Proposal for Cochlear Implants Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Executive Summary
2.1 Global Cochlear Implants Market Size Estimates and Forecasts
2.1.1 Global Cochlear Implants Revenue Estimates and Forecasts 2015-2026
2.1.2 Global Cochlear Implants Production Capacity Estimates and Forecasts 2015-2026
2.1.3 Global Cochlear Implants Production Estimates and Forecasts 2015-2026
2.2 Global Cochlear Implants Market Size by Producing Regions: 2015 VS 2020 VS 2026
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Global Cochlear Implants Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3.3 Global Cochlear Implants Manufacturers Geographical Distribution
2.4 Key Trends for Cochlear Implants Markets & Products
2.5 Primary Interviews with Key Cochlear Implants Players (Opinion Leaders)
3 Market Size by Manufacturers
3.1 Global Top Cochlear Implants Manufacturers by Production Capacity
3.1.1 Global Top Cochlear Implants Manufacturers by Production Capacity (2015-2020)
3.1.2 Global Top Cochlear Implants Manufacturers by Production (2015-2020)
3.1.3 Global Top Cochlear Implants Manufacturers Market Share by Production
3.2 Global Top Cochlear Implants Manufacturers by Revenue
3.2.1 Global Top Cochlear Implants Manufacturers by Revenue (2015-2020)
3.2.2 Global Top Cochlear Implants Manufacturers Market Share by Revenue (2015-2020)
3.2.3 Global Top 10 and Top 5 Companies by Cochlear Implants Revenue in 2019
3.3 Global Cochlear Implants Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Cochlear Implants Production by Regions
4.1 Global Cochlear Implants Historic Market Facts & Figures by Regions
4.1.1 Global Top Cochlear Implants Regions by Production (2015-2020)
4.1.2 Global Top Cochlear Implants Regions by Revenue (2015-2020)
4.2 North America
4.2.1 North America Cochlear Implants Production (2015-2020)
4.2.2 North America Cochlear Implants Revenue (2015-2020)
4.2.3 Key Players in North America
4.2.4 North America Cochlear Implants Import & Export (2015-2020)
4.3 Europe
4.3.1 Europe Cochlear Implants Production (2015-2020)
4.3.2 Europe Cochlear Implants Revenue (2015-2020)
4.3.3 Key Players in Europe
4.3.4 Europe Cochlear Implants Import & Export (2015-2020)
4.4 China
4.4.1 China Cochlear Implants Production (2015-2020)
4.4.2 China Cochlear Implants Revenue (2015-2020)
4.4.3 Key Players in China
4.4.4 China Cochlear Implants Import & Export (2015-2020)
4.5 Japan
4.5.1 Japan Cochlear Implants Production (2015-2020)
4.5.2 Japan Cochlear Implants Revenue (2015-2020)
4.5.3 Key Players in Japan
4.5.4 Japan Cochlear Implants Import & Export (2015-2020)
5 Cochlear Implants Consumption by Region
5.1 Global Top Cochlear Implants Regions by Consumption
5.1.1 Global Top Cochlear Implants Regions by Consumption (2015-2020)
5.1.2 Global Top Cochlear Implants Regions Market Share by Consumption (2015-2020)
5.2 North America
5.2.1 North America Cochlear Implants Consumption by Application
5.2.2 North America Cochlear Implants Consumption by Countries
5.2.3 U.S.
5.2.4 Canada
5.3 Europe
5.3.1 Europe Cochlear Implants Consumption by Application
5.3.2 Europe Cochlear Implants Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 U.K.
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Cochlear Implants Consumption by Application
5.4.2 Asia Pacific Cochlear Implants Consumption by Regions
5.4.3 China
5.4.4 Japan
5.4.5 South Korea
5.4.6 India
5.4.7 Australia
5.4.8 Taiwan
5.4.9 Indonesia
5.4.10 Thailand
5.4.11 Malaysia
5.4.12 Philippines
5.4.13 Vietnam
5.5 Central & South America
5.5.1 Central & South America Cochlear Implants Consumption by Application
5.5.2 Central & South America Cochlear Implants Consumption by Country
5.5.3 Mexico
5.5.3 Brazil
5.5.3 Argentina
5.6 Middle East and Africa
5.6.1 Middle East and Africa Cochlear Implants Consumption by Application
5.6.2 Middle East and Africa Cochlear Implants Consumption by Countries
5.6.3 Turkey
5.6.4 Saudi Arabia
5.6.5 UAE
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13 Key Finding in The Global Cochlear Implants Study
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
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