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Cochlear Implants Market - US, 5 Euro, Japan and RoW - 2023

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    Report

  • June 2023
  • Region: Japan, United States
  • MedDeviceTracker
  • ID: 4846722

Hearing loss is a global healthcare problem that is highly prevalent and undertreated. More than 430 million people have disabling hearing loss requiring hearing rehabilitation, and this number is expected to grow to 700 million by 2050. Although more than 60 million people worldwide suffer from severe or higher hearing loss, cochlear implant market penetration is less than 5%, leaving significant room for growth.

Global sales of cochlear implant systems were estimated at nearly $1.5bn in 2022. Market drivers include steadily recovering cochlear implant sales (post COVID-19 pandemic shutdowns) and pent-up demand, increasing prevalence and unmet need, increasing awareness, expanding referrals, good reimbursement, expanding indications, and a strong clinical profile. Limiters include high cost, lack of awareness and access in developing regions, patient reluctance, and ongoing healthcare staffing shortages and elective surgery backlogs.

This analysis includes a discussion of products, current revenues and forecast markets, competitors, and opportunities in the global market for cochlear implant systems; revenues include sales of external and internal components (eg sound processors and internally implanted implants/electrode arrays), as well as sound processor upgrades, software apps, accessories, and services. Countries covered by this report include the US, five major European markets (France, Germany, Italy, Spain, and the UK), Japan, and the Rest of World. The forecast range for this report is 2022-27.

Table of Contents

Executive Summary
i. Prevalence of hearing loss
ii. Types of hearing loss
iii. Cochlear implant systems
Exhibit ES-1: Diagram of a cochlear implant
iv. Global market for cochlear implant systems
Exhibit ES-2: Cochlear implant systems market, share by country/region, 2022
Exhibit ES-3: Cochlear implant systems, global market forecast, by country/region ($m), 2022-27
Exhibit ES-4: Market drivers and limiters for cochlear implant systems
v. Market leaders/competitors
Exhibit ES-5: Cochlear implant systems market, global share by supplier, 2022
vi. Methodology

1. Overview of Hearing Loss and Cochlear Implants
1.1 Prevalence
1.2 Ear anatomy and the hearing process
Exhibit 1-1: Human ear anatomy
1.3 Types of hearing loss
1.4 Causes
1.5 Diagnosis and treatment
1.6 Cochlear implant overview
Exhibit 1-2: Diagram of a cochlear implant
Exhibit 1-3: Cochlear Ltd’s electrode insertion into the “hearing zone”
1.7 Implantation procedure
1.8 Benefits and risks
1.8.1 Surgical complications
1.9 Clinical data
1.10 Cost and reimbursement
1.11 Bibliography

2. Cochlear Implants
2.1 Cochlear implants
Exhibit 2-1: Selected leading cochlear implant brands, by manufacturer
Exhibit 2-2: Selected cochlear implants and features
2.1.1 Advanced Bionics/Sonova Group
2.1.2 Cochlear Ltd
2.1.3 MED-EL
2.1.4 Oticon Medical/Demant Group
2.1.5 Emerging technology
2.1.6 Envoy Medical
2.2 Bibliography

3. Market Analysis
3.1 Cochlear implant systems market
3.1.1 Market forecast: global
Exhibit 3-1: Global cochlear implant systems market forecast ($m), 2022-27
Exhibit 3-2: Cochlear implant systems market, share by country/region, 2022
3.1.2 Market drivers and limiters
3.1.3 Market forecast: by region
Exhibit 3-3: Cochlear implant systems, global market forecast, by country/region ($m), 2022-27
3.1.4 US market
3.1.5 Five major European markets
3.1.6 Japanese market
3.1.7 Rest of the world market
3.2 Competitive analysis
3.2.1 Market share: global
3.2.2 Market share: by region
3.3 Company profiles
3.3.1 Cochlear Ltd
3.3.2 Advanced Bionics/Sonova Group
3.4 Bibliography

Company Listing

Companies Mentioned

  • Advanced Bionics/Sonova Group
  • Cochlear Ltd
  • Emerging technology
  • Envoy Medical
  • MED-EL
  • Oticon Medical/Demant Group