Market Overview:
The global binaural cochlear implant market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The body-worn cochlear implant segment is expected to dominate the market in terms of revenue share, followed by the ear-worn cochlear implant segment, during the forecast period. The adult application segment is estimated to account for a major share of the global binaural cochlear implant market in 2018 and is projected to maintain its dominance throughout the forecast period. However, pediatric application is anticipated to grow at a higher CAGR than adult application during the forecast period owing to increasing awareness about early diagnosis and treatment options for hearing impairment in children. North America dominates the global binaural cochlear implant market with maximum revenue share contribution from countries such as U.S.
Product Definition:
A cochlear implant is a surgically implanted device that helps people who are deaf or hard of hearing to hear. There are two main types of cochlear implants: single-channel and binaural. A single-channel implant receives sound signals through one ear, while a binaural implant receives sound signals through both ears.
Body-worn Cochlear Implant:
The body-worn cochlear implant is a sound processor that is worn by a patient on the outside of the head. It converts acoustic signals into electrical signals and sends them to the auditory nerve. The process does not require surgery, and therefore patients can continue with their daily lives as before.
Ear-worn Cochlear Implant:
An ear-worn cochlear implant is a small electronic device that is surgically inserted into the outer part of the ear. It helps deaf people to hear sound by sending electrical signals to the brain through bone conduction. An average cochlear implant has two sound processors, which can process speech sounds in both ears simultaneously.
The major advantage of an ear-worn cochlear implant over a standard one is that it allows better external noise reduction.
Application Insights:
Based on application, the global market is segmented into adult and pediatric patients. The adult segment held a major share in 2017 owing to the growing number of patients suffering from hearing loss due to age-related conditions such as presbycusis and tinnitus. In addition, an increasing number of FDA approvals for binaural cochlear implants in adults is further expected to drive the growth over the forecast period.
The pediatric segment is expected to witness significant growth during the forecast period due to factors such as rising incidences of hearing impairment among children worldwide coupled with an increase in surgeries for ear implantation procedures. According by WHO, nearly 1 billion people have some form of hearing difficulty which needs help with listening, understanding or speaking; this represents 15% - 20% population across all ages globally; this factor alone would boost demand for binaural implants during future years (2030 - 2037).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing awareness about audiology devices, high disposable income, and government support for quality of life improvement by providing rehabilitation after surgery. In addition, presence of well-established healthcare facilities is expected to boost the market growth in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and rising demand for advanced audiology devices due to increasing prevalence of hearing impairment among population groups such as adults & children (5-17 years) & adolescents (13-19 years). Moreover, growing target disease burden coupled with rising awareness about bionic ear implants will drive regional market expansion over the forecast period.
Growth Factors:
- Increasing prevalence of hearing loss: The global prevalence of hearing loss is increasing with the increase in aging population. This will drive the demand for cochlear implants, thereby driving the growth of the binaural cochlear implant market.
- Rising awareness about benefits of cochlear implants: There is a growing awareness among people about the benefits of cochlear implants, which is expected to drive demand for these devices in coming years.
- Technological advancements: Cochlear implant technology is constantly evolving with new and innovative products being launched in market regularly. This will spur growth prospects for binaural cochlear implant market over forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Binaural Cochlear Implant Market Research Report
By Type
Body-worn Cochlear Implant, Ear-worn Cochlear Implant
By Application
Adult, Pediatric
By Companies
Cochlear, MED-EL, Advanced Bionics (Sonova), Oticon (William Demant), Hangzhou Nurotron, Listent Medical, Cochlear
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Binaural Cochlear Implant Market Report Segments:
The global Binaural Cochlear Implant market is segmented on the basis of:
Types
Body-worn Cochlear Implant, Ear-worn Cochlear Implant
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adult, Pediatric
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cochlear
- MED-EL
- Advanced Bionics (Sonova)
- Oticon (William Demant)
- Hangzhou Nurotron
- Listent Medical
- Cochlear
Highlights of The Binaural Cochlear Implant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Body-worn Cochlear Implant
- Ear-worn Cochlear Implant
- By Application:
- Adult
- Pediatric
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Binaural Cochlear Implant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A binaural cochlear implant is a medical device that helps deaf people hear sound. It works by sending sound waves through two different channels, one in each ear. This allows the person to hear sounds in both ears at the same time, which can help them to better understand speech and music.
Some of the key players operating in the binaural cochlear implant market are Cochlear, MED-EL, Advanced Bionics (Sonova), Oticon (William Demant), Hangzhou Nurotron, Listent Medical, Cochlear.
The binaural cochlear implant market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Binaural Cochlear Implant Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Binaural Cochlear Implant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Binaural Cochlear Implant Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Binaural Cochlear Implant Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Binaural Cochlear Implant Market Size & Forecast, 2020-2028
4.5.1 Binaural Cochlear Implant Market Size and Y-o-Y Growth
4.5.2 Binaural Cochlear Implant Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Body-worn Cochlear Implant
5.2.2 Ear-worn Cochlear Implant
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Adult
6.2.2 Pediatric
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Binaural Cochlear Implant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Binaural Cochlear Implant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Body-worn Cochlear Implant
9.6.2 Ear-worn Cochlear Implant
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Adult
9.10.2 Pediatric
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Body-worn Cochlear Implant
10.6.2 Ear-worn Cochlear Implant
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Adult
10.10.2 Pediatric
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Body-worn Cochlear Implant
11.6.2 Ear-worn Cochlear Implant
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Adult
11.10.2 Pediatric
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Body-worn Cochlear Implant
12.6.2 Ear-worn Cochlear Implant
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Adult
12.10.2 Pediatric
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Body-worn Cochlear Implant
13.6.2 Ear-worn Cochlear Implant
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Adult
13.10.2 Pediatric
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Binaural Cochlear Implant Market: Competitive Dashboard
14.2 Global Binaural Cochlear Implant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cochlear
14.3.2 MED-EL
14.3.3 Advanced Bionics (Sonova)
14.3.4 Oticon (William Demant)
14.3.5 Hangzhou Nurotron
14.3.6 Listent Medical
14.3.7 Cochlear
