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Cochlear Implants - Global Market Trajectory & Analytics

  • ID: 5028040
  • Report
  • April 2021
  • Region: Global
  • 273 Pages
  • Global Industry Analysts, Inc
Global Cochlear Implants Market to Reach $2.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Cochlear Implants estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 8.3% over the period 2020-2027. Unilateral, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$2.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Binaural segment is readjusted to a revised 12.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $409.4 Million, While China is Forecast to Grow at 12.5% CAGR

The Cochlear Implants market in the U.S. is estimated at US$409.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$604.1 Million by the year 2027 trailing a CAGR of 12.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Select Competitors (Total 42 Featured):
  • Cochlear Ltd.
  • GN Store Nord A/S
  • MEDEL Elektromedizinische Gerate Gesellschaft m.b.H.
  • Nurotron Biotechnology Co., Ltd.
  • Oticon Medical A/S
  • Sonova Holding AG
  • William Demant Holding A/S
Frequently Asked Questions about the Global Market for Cochlear Implants

What is the estimated value of the Global Market for Cochlear Implants?

The Global Market for Cochlear Implants was estimated to be valued at $1.5 Billion in 2020.

What is the growth rate of the Global Market for Cochlear Implants?

The growth rate of the Global Market for Cochlear Implants is 8.2%, with an estimated value of $2.6 Billion by 2027.

What is the forecasted size of the Global Market for Cochlear Implants?

The Global Market for Cochlear Implants is estimated to be worth $2.6 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown