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Cochlear Implants Market - Forecasts from 2018 to 2023

  • ID: 4618306
  • Report
  • 87 pages
  • Knowledge Sourcing Intelligence LLP
until Dec 31st 2019
1 of 4


  • Cochlear Ltd.
  • GN Store Nord A/S
  • MED-EL
  • Nurotron Biotechnology
  • Oticon
  • Sonova
  • MORE
The global cochlear implant market was valued at US$1.883 billion in 2017 and is projected to expand at a CAGR of 10.90% over the forecast period to reach US$3.501 billion by 2023. A cochlear implant is a surgically implanted electronic device designed to produce useful hearing sensations to a person with severe to profound nerve deafness by electrically stimulating nerves inside the inner ear. They are designed to help adults and children who get little or no benefit from hearing aids. Increasing awareness among people, advancements in cochlear implants, growing penetration of implants due to an expanded geographical reach of market players and favorable government initiatives are the key drivers boosting the global cochlear implant market growth. The market is expected to grow at a steady pace over the forecast period owing to the rising adoption of advanced cochlear implants among children, strong reimbursement policies of the government. However, risks associated with surgical implant procedure (such as injury to the facial nerve, meningitis, attacks of dizziness or vertigo etc.) and presence of substitute (mouth guard and drugs) are the factors restraining the market growth.

By Type of Fitting

By type of fitting, the global cochlear implant market has been segmented into unilateral and bilateral fitting. Bilateral cochlear implants are growing faster owing to the increasing demand, the ability to recognize the speech in noise, and good reimbursement.

By End-User

By End-User, the global cochlear implant market has been segmented into adults and pediatrics. Cochlear implants for adults dominated the market owing to the presence of a large patient base and lesser complications involved as compared to children.

By Geography

Geographically, the global cochlear implant market has been segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and South America region. Europe accounted for the largest share of all the regions. This can be credited to the high penetration of implants, conductive health infrastructure of the European Union, and presence of a large patient base in the region. The Asia Pacific is anticipated to grow at a fast pace owing to the increasing awareness among people and government support.

Competitive Intelligence

The global key players discussed as a part of the report are Cochlear Ltd., MED-EL, Sonova, Willam Demant Holding A/S, Oticon, Nurotron Biotechnology, and GN Store Nord A/S.


The global cochlear implant market has been analyzed through the following segments:

By Type of Fitting
Unilateral Fitting
Bilateral Fitting

By End User

By Geography
North America
  • United States
  • Canada
  • Mexico
South America
  • Brazil
  • Argentina
  • Germany
  • France
  • Italy
  • United Kingdom
Middle East and Africa
  • Israel
  • Saudi Arabia
  • UAE
Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
Note: Product cover images may vary from those shown
2 of 4


  • Cochlear Ltd.
  • GN Store Nord A/S
  • MED-EL
  • Nurotron Biotechnology
  • Oticon
  • Sonova
  • MORE
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2.1. Research Design
2.2. Secondary Sources


4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5.1. Unilateral Fitting
5.2. Bilateral Fitting

6.1. Adults
6.2. Children

7.1. North America
7.1.1. United States
7.1.2. Canada
7.1.3. Mexico
7.1.4. Others
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. Italy
7.3.4. United Kingdom
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Israel
7.4.2. Saudi Arabia
7.4.3. UAE
7.4.4. Others
7.5. Asia Pacific
7.5.1. Japan
7.5.2. China
7.5.3. India
7.5.4. Australia
7.5.5. South Korea
7.5.6. Others

8.1. Recent Deals and Investment
8.2. Strategies of Key Players
8.3. Investment Analysis

9.1. Cochlear Ltd.
9.1.1. Company Overview
9.1.2. Financials
9.1.3. Products and Services
9.1.4. Recent Developments
9.2. MED-EL
9.2.1. Company Overview
9.2.2. Financials
9.2.3. Products and Services
9.2.4. Recent Developments
9.3. Sonova
9.3.1. Company Overview
9.3.2. Financials
9.3.3. Products and Services
9.3.4. Recent Developments
9.4. William Demant Holding A/S
9.4.1. Company Overview
9.4.2. Financials
9.4.3. Products and Services
9.4.4. Recent Developments
9.5. Oticon
9.5.1. Company Overview
9.5.2. Financials
9.5.3. Products and Services
9.5.4. Recent Developments
9.6. Nurotron Biotechnology
9.6.1. Company Overview
9.6.2. Financials
9.6.3. Products and Services
9.6.4. Recent Developments
9.7. GN Store Nord A/S
9.7.1. Company Overview
9.7.2. Financials
9.7.3. Products and Services
9.7.4. Recent Developments
*List is not exhaustive
Note: Product cover images may vary from those shown
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4 of 4
  • Cochlear Ltd.
  • MED-EL
  • Sonova
  • William Demant Holding A/S
  • Oticon
  • Nurotron Biotechnology
  • GN Store Nord A/S
Note: Product cover images may vary from those shown
5 of 4

The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.

The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.

The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.