Market Overview:
The global cochlear implant (CI) market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The growth in the market can be attributed to factors such as increasing incidence of hearing loss, technological advancements in cochlear implants and rising awareness about cochlear implants. Based on type, the adult segment is expected to account for a larger share of the global CI market during the forecast period. This can be attributed to increasing prevalence of hearing loss in adults and growing demand for advanced cochlear implants. Based on application, hospitals are expected to account for a larger share of the global CI market during the forecast period. This can be attributed to rising number of surgeries performed in hospitals and growing awareness about benefits associated with cochlear implants surgeries. Geographically, North America is estimated to account for a major share of the global CI market during 2018-2030 owing to high adoption rateof advanced technologies.
Product Definition:
A cochlear implant is a small electronic device that helps some people who are deaf or hard of hearing to hear. It works by bypassing damaged parts of the ear and sending sound directly to the auditory nerve.
Adult:
Adult CI market is expected to grow at a CAGR of XX% over the forecast period owing to factors such as increasing geriatric population, technological advancements in cochlear implantation and development of new implantable devices. According to National Institute on Deafness and Other Communication Disorders (NIDCD), approximately 15-20 million people in U.S have some level of hearing loss which is expected to increase with age.
Children:
The global children and it's usage in cochlear implant market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing number of CI users, growing awareness about these devices, technological advancements pertaining to these devices, increasing government initiatives for spreading awareness regarding benefits & advantages of CI are some high impact rendering drivers for this market during the forecast period 2016-2021.
Application Insights:
The others application segment held the largest share of over 70.0% in 2017. The CI is gaining popularity as a hearing aid and is being used by patients with profound hearing loss at social gatherings, parties, restaurants and other places where background noise plays an important role in enhancing communication. However, hospitals are expected to be the fastest-growing segment owing to rising awareness about CI technology among healthcare professionals and patients across the globe.
In addition, medical centers account for a significant share due to increasing number of surgeries performed with ct scan imaging devices that use CI technology for signal processing circuits which are then connected directly to brain stem auditory cortex via internal medullary speech pathways thus providing better understanding of audiology related issues along with effective treatment options leading towards improved patient outcomes thereby driving market growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to favorable reimbursement policies, increasing prevalence of deafness, and technological advancements. For instance, according to the National Institute on Deafness and Other Communication Disorders (NIDCD), around 6 million people in U.S have some level of hearing loss that causes difficulties in understanding speech or hearing aids for treatment purpose.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising awareness about CI devices.
Growth Factors:
- Increasing prevalence of hearing loss: The global prevalence of hearing loss is expected to increase from 5% in 2010 to 10% by 2050. This will create a larger pool of potential Cochlear Implant (CI) recipients, driving market growth.
- Rising awareness about CI benefits: There is a growing awareness among people about the benefits of Cochlear Implants, which is helping to drive demand for the devices.
- Advances in technology and implant design: The latest Cochlear Implants are smaller and more discreet, making them more appealing to patients. Additionally, advances in technology are making it possible to provide increasingly personalized treatment plans, boosting demand for CI devices.
- Growing number of trained surgeons: There is an increasing number of surgeons who are skilled in performing cochlear implant surgeries, which is helping to expand the market potential for CI devices globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Cochlear Implant (CI) Market Research Report
By Type
Adult, Children
By Application
Hospital, Medical Center, Others
By Companies
Cochlear, Advanced Bionics AG, Med-EL EAS, Nurotron Biotechnology, Sonova / Advanced Bionics AG, Healthy Hearing, Izito, Brand Comparison Chart, Cochlear Implant Online, Northside Audiology, 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
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Cochlear Implant (CI) Market Report Segments:
The global Cochlear Implant (CI) market is segmented on the basis of:
Types
Adult, Children
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
Hospital, Medical Center, Others
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
- Advanced Bionics AG
- Med-EL EAS
- Nurotron Biotechnology
- Sonova / Advanced Bionics AG
- Healthy Hearing
- Izito
- Brand Comparison Chart
- Cochlear Implant Online
- Northside Audiology
- Cochlear
Highlights of The Cochlear Implant (CI) 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:
- Adult
- Children
- By Application:
- Hospital
- Medical Center
- Others
- 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 Cochlear Implant (CI) 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.
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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 cochlear implant is a medical device that helps people who are deaf or have hearing loss to hear again. The implant consists of a microphone, receiver, and stimulator that are surgically placed in the ear. The stimulator sends electrical signals to the auditory nerve (the nerve that carries sound information from the ear to the brain), which helps restore some hearing ability for people who have lost their hearing due to disease or injury.
Some of the key players operating in the cochlear implant (ci) market are Cochlear, Advanced Bionics AG, Med-EL EAS, Nurotron Biotechnology, Sonova / Advanced Bionics AG, Healthy Hearing, Izito, Brand Comparison Chart, Cochlear Implant Online, Northside Audiology, Cochlear.
The cochlear implant (ci) 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 Cochlear Implant (CI) 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 Cochlear Implant (CI) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cochlear Implant (CI) 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 Cochlear Implant (CI) 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 Cochlear Implant (CI) Market Size & Forecast, 2020-2028 4.5.1 Cochlear Implant (CI) Market Size and Y-o-Y Growth 4.5.2 Cochlear Implant (CI) 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 Adult
5.2.2 Children
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 Hospital
6.2.2 Medical Center
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cochlear Implant (CI) 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 Cochlear Implant (CI) 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 Adult
9.6.2 Children
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 Hospital
9.10.2 Medical Center
9.10.3 Others
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 Adult
10.6.2 Children
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 Hospital
10.10.2 Medical Center
10.10.3 Others
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 Adult
11.6.2 Children
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 Hospital
11.10.2 Medical Center
11.10.3 Others
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 Adult
12.6.2 Children
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 Hospital
12.10.2 Medical Center
12.10.3 Others
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 Adult
13.6.2 Children
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 Hospital
13.10.2 Medical Center
13.10.3 Others
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 Cochlear Implant (CI) Market: Competitive Dashboard
14.2 Global Cochlear Implant (CI) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cochlear
14.3.2 Advanced Bionics AG
14.3.3 Med-EL EAS
14.3.4 Nurotron Biotechnology
14.3.5 Sonova / Advanced Bionics AG
14.3.6 Healthy Hearing
14.3.7 Izito
14.3.8 Brand Comparison Chart
14.3.9 Cochlear Implant Online
14.3.10 Northside Audiology
14.3.11 Cochlear