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Cochlear Implant Market Size, Share & Trends Analysis By Type of Fitting (Unilateral Implantation, Bilateral Implantation), By End Use (Adults, Pediatrics), By Region, And Segment Forecasts, 2019 - 2026

  • ID: 4209733
  • Report
  • 100 Pages
  • Grand View Research
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FEATURED COMPANIES

  • Cochlear Ltd.
  • MED-EL
  • Sonova
  • MORE

The global cochlear implant market size is expected to reach USD 3.4 billion by 2026 and is estimated to grow at a CAGR of around 10.5% over the forecast period. The cochlear implants market is anticipated to witness significant growth during the forecast period, which can be attributed to a favorable reimbursement scenario, rising awareness about hearing aids, and increasing adoption of implants.

Furthermore, technological advancements in cochlear implants to make the device more efficient and user-friendly can boost the demand, which is expected to propel the industry during the forecast period. For instance, in September 2016, Cochlear Ltd. launched the world’s thinnest full-length perimodiolar electrode for their cochlear implant. The thin structure of the implant electrode helps to protect the delicate structures of the inner ear.

By type of fitting, the market is segmented into unilateral and bilateral implantation. In 2018, unilateral implantation segment dominated the industry due to its availability at a low cost as compared to bilateral implantation and significant ability to localize the sound. However, bilateral implantation is anticipated to witness the fastest growth during the forecast period. This can be attributed to its cost-efficiency when implanted in children, good reimbursement, and the ability to improve the performance after implantation.

Further Key Findings from the Study Suggest:

  • Unilateral implantation dominated the industry in 2018. This can be attributed to its low cost as compared to bilateral implantation and high demand from adults due to its cost-effectiveness.
  • Bilateral implantation is the most lucrative segment of the industry. Increasing demand, ability to recognize the speech in noise, and good reimbursement are the key factors expected to drive the market during the forecast period.
  • By end-use, the adults segment dominated the market in 2018 and is expected to maintain its dominance during the forecast period, due to the presence of a large patient base and growing geriatric population.
  • Pediatrics segment is expected to grow at the fastest rate during the forecast period. Increasing implantation at an early age, implementation of several programs & government support to provide cochlear implants to children as early as possible, and good reimbursement are the key factors expected to propel the cochlear implants market.
  • Geographically, Europe dominated the industry in 2018 and is expected to maintain its position during the forecast period. This is primarily due to the conducive health infrastructure of the European Union, which allows implantation at an early age.
  • Asia Pacific is anticipated to observe the fastest growth over the coming years. This can be attributed to growing awareness in the region and the local presence of market players.
  • Increasing awareness and growing disposable income in the Middle East region is also expected to boost the market in the region. For instance, in December 2016, Dubai based Prime hospital launched new facility to perform cochlear implant surgery.
  • Several players operating in the industry. However, majority of the share belonged to the top two to three players who dominated in the industry in 2018.
  • Some of the key players are Cochlear Ltd., MED-EL, Sonova, Gaes Group, William Demant Holding A/S, and Nurotron Biotechnology Co. Ltd. Development of innovative products by focusing on R&D is a key strategy has been adopted by dominant players in the market. In June 2019, Cochlear Limited received approval from the U.S. FDA for its Cochlear Nucleus Profile Plus Series Cochlear Implant. The implant is designed for safe access to MRI scans.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cochlear Ltd.
  • MED-EL
  • Sonova
  • MORE
Chapter 1 Methodology and Scope

1.1 Market Segmentation & Scope
1.1.1 Type of fitting
1.1.2 End use
1.1.3 Regional Scope
1.1.4 Estimates and Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details of Primary Research
1.3.5.1 Data for primary interviews
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis
1.6.1.1 Approach 1: Commodity Flow Approach
1.7 List of Secondary Sources
1.8 List of Abbreviations
1.9 Objectives
1.9.1 Objective 1:
1.9.2 Objective 2:

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.2.1 Type of fitting
2.2.2 End use
2.2.3 Region
2.3 Competitive Insights

Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.2 Market Segmentation
3.3 Penetration & Growth Prospect Mapping
3.3.1 Analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Favorable reimbursement policies
3.4.1.2 Technological advancements
3.4.2 Market restraint analysis
3.4.2.1 High maintainance cost
3.4.3 Porter’s five forces analysis
3.4.3.1 Bargaining power of buyers
3.4.3.2 Bargaining power of suppliers
3.4.3.3 Competitive rivalry
3.4.3.4 Threat of new entrants
3.4.3.5 Threat of substitutes
3.5 Business Environment Analysis Tools
3.5.1 SWOT Analysis, by PESTEL
3.5.1.1 Political & legal
3.5.1.2 Economic
3.5.1.3 Technological
3.5.2 Major Deals & Strategic Alliances Analysis
3.5.2.1 Joint ventures
3.5.2.2 Mergers & acquisitions
3.6 Regulations and Reimbursement Scenario

Chapter 4 Cochlear Implant Market: Type of Fitting Analysis
4.1 Cochlear Implant Market Share analysis, 2018 & 2026
4.2 Segment Dashboard
4.3 Market Size & Forecasts and Trend Analysis, 2015 to 2026 for the Type of Fitting
4.3.1 Unilateral implants
4.3.1.1 Unilateral implants market, 2015-2026 (USD Million)
4.3.2 Bilateral implants
4.3.2.1 Bilateral implants market, 2015-2026 (USD Million)

Chapter 5 Cochlear Implant Market: End Use Analysis
5.1 Cochlear Implant by End Use Market Share Analysis, 2018 & 2026
5.2 Segment Dashboard
5.3 Global Cochlear Implant Market, by End Use, 2015-2026
5.4 Market Size and Forecasts and Trend Analysis, 2015-2026 for the End Use
5.4.1 Adults
5.4.1.1 Adults market, 2015-2026 (USD Million)
5.4.2 Pediatric
5.4.2.1 Pediatric market, 2015-2026 (USD Million)

Chapter 6 Regional Outlook
6.1 Regional Market Share Analysis, 2018 & 2026
6.2 Regional Market Dashboard
6.3 Regional Market Snapshot (Market Size, CAGR, Top Verticals, Key Players, Top Trends)
6.4 SWOT Analysis, by Factor (Political & Legal, Economic, and Technological)
6.4.1 North America
6.4.2 Europe
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 MEA
6.5 Market Size, & Forecasts and Trend Analysis, 2018 to 2025
6.5.1 North America
6.5.1.1 North America cochlear implant market, 2015-2026 (USD Million)
6.5.1.2 U.S.
6.5.1.2.1 U.S. cochlear implant market, 2015-2026 (USD Million)
6.5.1.3 Canada
6.5.1.3.1 Canada cochlear implant market, 2015-2026 (USD Million)
6.5.2 Europe
6.5.2.1 Europe cochlear implant market, 2015-2026 (USD Million)
6.5.2.2 UK
6.5.2.2.1 UK cochlear implant market, 2015-2026 (USD Million)
6.5.2.3 Germany
6.5.2.3.1 Germany cochlear implant market, 2015-2026 (USD Million)
6.5.3 Asia Pacific
6.5.3.1 Asia Pacific cochlear implant market, 2015-2026 (USD Million)
6.6.3.2 Japan
6.6.3.2.1 Japan cochlear implant market, 2015-2026 (USD Million)
6.6.3.3 China
6.6.3.3.1 China (Mainland) cochlear implant market, 2015-2026 (USD Million)
6.5.4 Latin America
6.5.4.1 Latin America cochlear implant market, 2015-2026 (USD Million)
6.7.4.2 Brazil
6.7.4.2.1 Brazil cochlear implant market, 2015-2026 (USD Million)
6.7.4.3 Mexico
6.7.4.3.1 Mexico cochlear implant market, 2015-2026 (USD Million)
6.7.4.4 Argentina
6.7.4.4.1 Argentina cochlear implant market, 2015-2026 (USD Million)
6.5.5 Middle East & Africa
6.5.5.1 MEA cochlear implant market, 2015-2026 (USD Million)
6.5.5.2 South Africa
6.5.5.2.1 South Africa cochlear implant market, 2015-2026 (USD Million)

Chapter 7 Competitive Analysis
7.1 Strategic Framework/ Competition Categorization (Key innovators, Market leaders, emerging players
7.2 Vendor Landscape
7.2.1 Strategy Mapping
7.2.2 Launch of New Products
7.2.3 Merger and Acquisition
7.2.4 Partnerships
7.2.5 Company market position analysis (Market presence, geographic presence, product portfolio, startegic initiatves)
7.3 Company Profiles
7.3.1 Cochlear Ltd.
7.3.1.1 Company overview
7.3.1.2 Financial performance
7.3.1.3 Product benchmarking
7.3.1.4 Strategic initiatives
7.3.1.5 SWOT analysis
7.3.2 Sonova
7.3.2.1 Company overview
7.3.2.2 Financial performance
7.3.2.3 Product benchmarking
7.3.2.4 Strategic initiatives
7.3.2.5 SWOT analysis
7.3.3 MED-EL
7.3.3.1 Company overview
7.3.3.2 Financial performance
7.3.3.3 Product benchmarking
7.3.3.4 Strategic initiatives
7.3.3.5 SWOT analysis
7.3.4 William Demant Holding A/S
7.3.4.1 Company overview
7.3.4.2 Financial performance
7.3.4.3 Product benchmarking
7.3.4.4 Strategic initiatives
7.3.5 Nurotron Biotechnology Company Ltd
7.3.5.1 Company overview
7.3.5.2 Financial performance
7.3.5.3 Product benchmarking
7.3.5.4 Strategic Initiatives
7.3.5.5 SWOT analysis

Chapter 8 Recommendations

Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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  • Cochlear Ltd.
  • Sonova
  • MED-EL
  • William Demant Holding A/S
  • Nurotron Biotechnology Company Ltd
Note: Product cover images may vary from those shown
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