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Cochlear Implants Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 To 2031

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    Report

  • 115 Pages
  • January 2023
  • Region: Global
  • Acute Market Reports
  • ID: 5759611
Description Jump to:
A cochlear implant (CI) is an electronic device that aids in hearing a person who is severely hard of hearing in both ears. The device is implanted surgically and works by transmitting sound signals to the brain. Unlike hearing aids that amplify the sound at the outer ear, the cochlear implant system bypasses the non-functioning parts of the ear and delivers sound in the form of electrical signals through the hearing nerve. 3M became a pioneer in the cochlear implant market with the approval of the first cochlear implant in 1984.

Technological encroachments in the field of cochlear implants, a growing number of cases of infants born with hearing disorders, favorable government initiatives, and strategic initiatives by market players are projected to catalyze the global cochlear implant market. For instance, a novel rechargeable battery was launched by MED-EL in May 2016 for SONNET Audio. The battery has a very low charging time and can provide ten hours of life. Furthermore, in September 2016, Cochlear Ltd. launched the slimmest full-length peri modiolar electrode for their cochlear implant that aids to protect the gentle parts of the inner ear. Hence, the advancement of such devices and rising awareness amongst patients and physicians are likely to surge the cochlear devices market. According to the World Health Organization (WHO), there is a high demand for hearing loss aids as the current production of the devices can only meet up to 10% of the actual demand. Hence, there are enormous opportunities for key players to expand their market share.

Based on fitting type, the global cochlear implant market is categorized into bilateral implantation and unilateral implantation. In 2022, unilateral implantation is expected to be the prominent segment contributing more than 50% of the market share due to growing demand and cost-effectiveness. However, bilateral implantation devices are projected to be the fastest-growing segment due to the increasing demand for cochlear implants by pediatrics. Furthermore, the majority of the countries are providing reimbursement for bilateral implantation devices only.

Based on end-user, the global market is segmented into adults and pediatrics. In 2022, the adult segment dominated the global market due to the availability of a vast patient base and fewer surgical complications compared to pediatrics.

Asia Pacific is projected to be the fastest-growing segment due to the high prevalence of hearing defects in the region, increasing awareness in the region, favorable government initiatives, and the presence of key players. Key markets in the region include Japan, China, Australia, and New Zealand.

Key Players Identified in Cochlear Implants Market include:

Cochlear Limited, Oticon Medical, William Demant Holding A/S, MED-EL, PENTAX Medical, LSVT Global, Inc., Gaes Medica, Sonova, EBS Healthcare, Nurotron Biotechnology Co., Ltd., Amplifon Group, Ototronix, Medtronic, Demant A/S, Envoy Medical Corporation, And Others.

Recent Developments:

  • March 2022: Sonova Holding AG, a leading provider of hearing care solutions, successfully closed the previously announced acquisition of the Consumer Division from Sennheiser electronic GmbH & Co. KG.
  • June 2022: Demant announces the acquisition of the remaining 80% of the shares in ShengWang, thereby taking full ownership of the leading network of hearing aid clinics in China.

Historical & Forecast Period

This study report represents an analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends, and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. A key data point that enables the estimation of Cochlear Implants market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price, and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Cochlear Implants market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approaches for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.

Market Segmentation

Fitting

  • Unilateral Implantation
  • Bilateral Implantation

End-users

  • Adults
  • Pediatrics

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Cochlear Implants market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2031.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Cochlear Implants market?
  • Which is the largest regional market for Cochlear Implants market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Cochlear Implants market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Cochlear Implants market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
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
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. Market Snapshot: Global Cochlear Implants Market
2.2. Global Cochlear Implants Market, By Fitting, 2022 (US$ Million)
2.3. Global Cochlear Implants Market, By End-users, 2022 (US$ Million)
2.4. Global Cochlear Implants Market, By Geography, 2022 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2022

3. Cochlear Implants Market: Competitive Analysis
3.1. Market Positioning of Key Cochlear Implants Market Vendors
3.2. Strategies Adopted by Cochlear Implants Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031

4. Cochlear Implants Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Cochlear Implants Market Value, 2021 - 2031, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis

5. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
5.3.1. Unilateral Implantation
5.3.2. Bilateral Implantation

6. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2022 Versus 2031
6.3. Market Segmentation
6.3.1. Adults
6.3.2. Pediatrics

7. North America Cochlear Implants Market, 2021-2031, USD (Million)
7.1. Market Overview
7.2. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
7.3. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
7.4.Cochlear Implants Market: By Region, 2021-2031, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
7.4.1.1.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
7.4.1.2.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
7.4.1.3.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)

8. UK and European Union Cochlear Implants Market, 2021-2031, USD (Million)
8.1. Market Overview
8.2. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
8.3. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
8.4.Cochlear Implants Market: By Region, 2021-2031, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
8.4.1.1.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
8.4.1.2.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
8.4.1.3.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
8.4.1.4.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
8.4.1.5. France
8.4.1.5.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
8.4.1.5.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
8.4.1.6.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)

9. Asia Pacific Cochlear Implants Market, 2021-2031, USD (Million)
9.1. Market Overview
9.2. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
9.3. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
9.4.Cochlear Implants Market: By Region, 2021-2031, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
9.4.1.1.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
9.4.1.2.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
9.4.1.3. India
9.4.1.3.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
9.4.1.3.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
9.4.1.4.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
9.4.1.5.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
9.4.1.6.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)

10. Latin America Cochlear Implants Market, 2021-2031, USD (Million)
10.1. Market Overview
10.2. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
10.3. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
10.4.Cochlear Implants Market: By Region, 2021-2031, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
10.4.1.1.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
10.4.1.2.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
10.4.1.3.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)

11. Middle East and Africa Cochlear Implants Market, 2021-2031, USD (Million)
11.1. Market Overview
11.2. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
11.3. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
11.4.Cochlear Implants Market: By Region, 2021-2031, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
11.4.1.1.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
11.4.1.2.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Cochlear Implants Market: By Fitting, 2021-2031, USD (Million)
11.4.1.3.1. Cochlear Implants Market: By End-users, 2021-2031, USD (Million)

12. Company Profile
12.1. Cochlear Limited
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Oticon Medical
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. William Demant Holding A/S
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. MED-EL
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. PENTAX Medical
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. LSVT Global, Inc.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Gaes Medica
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Sonova
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. EBS Healthcare
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Nurotron Biotechnology Co., Ltd.
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Amplifon Group
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Ototronix
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. Medtronic
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic Initiatives
12.14. Demant A/S
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Portfolio
12.14.4. Strategic Initiatives
12.15. Envoy Medical Corporation
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Portfolio
12.15.4. Strategic Initiatives
12.16. Others
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Portfolio
12.16.4. Strategic Initiatives

List of Figures
Figure 1 Global Cochlear Implants Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Cochlear Implants Market: Quality Assurance
Figure 5 Global Cochlear Implants Market, By Fitting, 2022
Figure 6 Global Cochlear Implants Market, By End-users, 2022
Figure 7 Global Cochlear Implants Market, By Geography, 2022
Figure 8 Market Geographical Opportunity Matrix - Global Cochlear Implants Market, 2022
Figure 9 Market Positioning of Key Cochlear Implants Market Players, 2022
Figure 10 Global Cochlear Implants Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
Figure 11 Global Cochlear Implants Market, By Fitting, 2022 Vs 2031, %
Figure 12 Global Cochlear Implants Market, By End-users, 2022 Vs 2031, %
Figure 13 U.S. Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 14 Canada Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 15 Rest of North America Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 16 UK Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 17 Germany Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 18 Spain Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 19 Italy Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 20 France Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 21 Rest of Europe Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 22 China Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 23 Japan Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 24 India Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 25 Australia Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 26 South Korea Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 27 Rest of Asia Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 28 Brazil Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 29 Mexico Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 30 Rest of Latin America Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 31 GCC Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 32 Africa Cochlear Implants Market (US$ Million), 2021 - 2031
Figure 33 Rest of Middle East and Africa Cochlear Implants Market (US$ Million), 2021 - 2031

List of Tables
Table 1 Global Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 2 Global Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 3 North America Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 4 North America Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 5 U.S. Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 6 U.S. Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 7 Canada Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 8 Canada Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 9 Rest of North America Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 10 Rest of North America Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 11 UK and European Union Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 12 UK and European Union Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 13 UK Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 14 UK Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 15 Germany Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 16 Germany Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 17 Spain Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 18 Spain Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 19 Italy Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 20 Italy Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 21 France Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 22 France Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 23 Rest of Europe Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 24 Rest of Europe Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 25 Asia Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 26 Asia Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 27 China Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 28 China Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 29 Japan Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 30 Japan Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 31 India Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 32 India Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 33 Australia Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 34 Australia Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 35 South Korea Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 36 South Korea Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 37 Latin America Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 38 Latin America Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 39 Brazil Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 40 Brazil Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 41 Mexico Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 42 Mexico Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 43 Rest of Latin America Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 44 Rest of Latin America Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 45 Middle East and Africa Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 46 Middle East and Africa Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 47 GCC Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 48 GCC Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 49 Africa Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 50 Africa Cochlear Implants Market By End-users, 2021-2031, USD (Million)
Table 51 Rest of Middle East and Africa Cochlear Implants Market By Fitting, 2021-2031, USD (Million)
Table 52 Rest of Middle East and Africa Cochlear Implants Market By End-users, 2021-2031, USD (Million)

Companies Mentioned

  • Cochlear Limited
  • Oticon Medical
  • William Demant Holding A/S
  • MED-EL
  • PENTAX Medical
  • LSVT Global Inc.
  • Gaes Medica
  • Sonova
  • EBS Healthcare
  • Nurotron Biotechnology Co. Ltd.
  • Amplifon Group
  • Ototronix
  • Medtronic
  • Demant A/S
  • Envoy Medical Corporation

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