Global Cochlear Implants Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: July 22, 2021 |

The global cochlear implant market size is expected to expand at a prominent CAGR of around 10% during the forecast period 2021 to 2027 and was valued at around USD 2 billion in 2020. The increasing prevalence of hearing loss around the world and the rising adoption of advanced technologies is a major factor to drive the market growth. According to the World Health Organization (WHO), it is estimated that approximately 466 million people are suffering from hearing loss globally. And 2.5 billion people are projected to suffer from hearing loss around the world by 2050.

Furthermore, the rapid growth in the geriatric population is expected to uplift the market in the next upcoming years. As per information shared by World Health Organization (WHO), the prevalence of hearing loss increases with age; in people over the age of 60, more than 25% are affected by disabling hearing loss. Moreover, the increased spending in healthcare infrastructure, government initiatives, and the increasing disposable income per capita is anticipated to bolster the market.

Market Segment Insights:

The global cochlear implant market is bifurcated into type, end-user, and geography. On the basis of type, the market is further segmented into unilateral and bilateral implantation. The unilateral implantation segment held the largest market share of around 90% of the market and is expected to maintain its dominance over the forecast period. The increasing demand for unilateral implantation due to its easy reimbursement, low cost, and less surgery time are some major factors that are driving the segment growth.

Based on the end-user, the market is segmented into adults and pediatrics. The adult segment dominated the global cochlear implant market in 2020 and accounted to hold the largest market share of around 60% of the market in terms of revenue. The increasing prevalence of hearing loss in adults is a key factor to drive the segment growth. As per the information shared by National Institute on Deafness and Communication Disorders (NIDCD), in 2016, over 37.5 million adults were reported having difficulty in hearing in the United States.

Cochlear Implant Market Size & Forecast

For more information about the report, request sample papers

The cochlear implant comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The cochlear implant market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Cochlear Implant Market Segmentation:

By Type:

  • Unilateral Implantation
  • Bilateral Implantation

By End-User:

  • Pediatrics
  • Adults

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global cochlear implant market in 2020 and accounted to hold a major market share of over one-third percent of the market. The rising awareness regarding hearing aids and the availability to diagnosis hearing loss are some major factors to drive the market growth in the region. Furthermore, the growing geriatric population, technological advancement, and the presence of some major players are expected to propel the market growth over the forecast period in North America. As per information provided by the Centers for Disease Control and Prevention, in 2019, around 16% of adults are reported to have hearing disabilities in the United States.

Market Competition Assessment:

Some of the major players operating in the global cochlear implant market are Cochlear Ltd., MED-EL Medical Electronics, Demant A/S, and Sonova (Advanced Bionics Corp). Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Cochlear Ltd.
  • MED-EL Medical Electronics
  • Demant A/S
  • Nurotron Biotechnology Co Ltd
  • Sonova (Advanced Bionics Corp)
  • Widex A/S
  • Medtronic
  • Oticon A/S

Key Questions Answered by Cochlear Implant Market Report

  • Global cochlear implant market forecasts from 2021-2027
  • Regional cochlear implant market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Cochlear implant submarket forecasts from 2021-2027 covering the market by type, by end-user, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the cochlear implant market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level cochlear implant markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the cochlear implant market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Cochlear Implant Market Portraiture
2.2. Global Cochlear Implant Market, by Type, 2020 (USD Mn)
2.3. Global Cochlear Implant Market, by End-User, 2020 (USD Mn)
2.4. Global Cochlear Implant Market, by Geography, 2020 (USD Mn)

 

3. Global Cochlear Implant Market Analysis


3.1. Cochlear Implant Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Cochlear Implant Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Unilateral Implantation
4.3. Bilateral Implantation

 

5. Global Cochlear Implant Market By End-User, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Pediatrics
5.3. Adults

 

6. North America Cochlear Implant Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Cochlear Implant Market by Type (2018-2027 USD Mn)
6.1.3. North America Cochlear Implant Market by End-User (2018-2027 USD Mn)
6.1.4. North America Cochlear Implant Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Cochlear Implant Market by Type (2018-2027 USD Mn)
6.1.4.1.2. U.S. Cochlear Implant Market by End-User (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Cochlear Implant Market by Type (2018-2027 USD Mn)
6.1.4.2.2. Canada Cochlear Implant Market by End-User (2018-2027 USD Mn)

 

7. Europe Cochlear Implant Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Cochlear Implant Market by Type (2018-2027 USD Mn)
7.1.3. Europe Cochlear Implant Market by End-User (2018-2027 USD Mn)
7.1.4. Europe Cochlear Implant Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Cochlear Implant Market by Type (2018-2027 USD Mn)
7.1.4.1.2. Germany Cochlear Implant Market by End-User (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Cochlear Implant Market by Type (2018-2027 USD Mn)
7.1.4.2.2. U.K. Cochlear Implant Market by End-User (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Cochlear Implant Market by Type (2018-2027 USD Mn)
7.1.4.3.2. France Cochlear Implant Market by End-User (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Cochlear Implant Market by Type (2018-2027 USD Mn)
7.1.4.4.2. Italy Cochlear Implant Market by End-User (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Cochlear Implant Market by Type (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Cochlear Implant Market by End-User (2018-2027 USD Mn)

 

8. Asia Pacific Cochlear Implant Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Cochlear Implant Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Cochlear Implant Market by End-User (2018-2027 USD Mn)
8.1.4. Asia Pacific Cochlear Implant Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Cochlear Implant Market by Type (2018-2027 USD Mn)
8.1.4.1.2. China Cochlear Implant Market by End-User (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Cochlear Implant Market by Type (2018-2027 USD Mn)
8.1.4.2.2. Japan Cochlear Implant Market by End-User (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Cochlear Implant Market by Type (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Cochlear Implant Market by End-User (2018-2027 USD Mn)

 

9. Latin America (LATAM) Cochlear Implant Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Cochlear Implant Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Cochlear Implant Market by End-User (2018-2027 USD Mn)
9.1.4. Latin America Cochlear Implant Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Cochlear Implant Market by Type (2018-2027 USD Mn)
9.1.4.1.2. Brazil Cochlear Implant Market by End-User (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Cochlear Implant Market by Type (2018-2027 USD Mn)
9.1.4.2.2. Mexico Cochlear Implant Market by End-User (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Cochlear Implant Market by Type (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Cochlear Implant Market by End-User (2018-2027 USD Mn)

 

10. Middle East and Africa Cochlear Implant Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Cochlear Implant Market by Type (2018-2027 USD Mn)
10.1.3. MEA Cochlear Implant Market by End-User (2018-2027 USD Mn)
10.1.4. Middle East and Africa Cochlear Implant Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Cochlear Implant Market by Type (2018-2027 USD Mn)
10.1.4.1.2. GCC Cochlear Implant Market by End-User (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Cochlear Implant Market by Type (2018-2027 USD Mn)
10.1.4.2.2. South Africa Cochlear Implant Market by End-User (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Cochlear Implant Market by Type (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Cochlear Implant Market by End-User (2018-2027 USD Mn)

 

11. Company Profiles


11.1. Cochlear Ltd.
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. MED-EL Medical Electronics
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Demant A/S
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Nurotron Biotechnology Co Ltd.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Sonova (Advanced Bionics Corp)
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Widex A/S
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Medtronic
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Oticon A/S
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
Fill the given form to inquiry before buying for Cochlear Implants Market Report

Your Designtaion (required):


(Additional country analysis and conmapny analysis will be added according to the request, we provide free report customization)
(Report covers the impact of COVID-19 on the market)

Request Report Sample
Inquiry Before Buying


Select License Type
$3600/- Single User License
$2520 (30% Discount for Single User)
$4800/- Multi User License
$3360 (30% Discount for Multi-User)
$6800/- Corporate License

Paypal Certified Payment
Why To Choose Us:
  • Markets in over 100+ countries analyzed granularly
  • 35% of our total client are returning clients
  • 1000+ customers globally
  • 100+ paid data sources mined to bring cutting-edge insights
  • 24x5 availability - we are always there when you need us
  • "Free of Cost Report Customization" is available
  • Request a regional report at Best Price
  • Our expert team will assist you with all research need and customization
  • Our expert research analysts will resolve your every query before and after purchasing the report

Impacts of COVID-19
COVID-19 Impact on the Cochlear Implants Market


Our Clients