Cochlear Implant Systems Market 2018-2024: This research reviews the overall cochlear implant systems industry, which according to a report by Global Market Insights, Inc., is growing at more than 8.5% CAGR during 2017 and 2024 to hit the $2.5bn revenue mark.
Growth Drivers:
- Increasing government support and initiatives.
- Increasing incidence of hearing loss.
- Rapid technological advancements.
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Segmentations covered under Cochlear Implant Systems Market Report:
- 1.Based on Product:
Unilateral implants and Bilateral implants
- 2.Based on End-User:
Adult & Pediatric
Key Data Points from Cochlear Implant Systems Market Analysis:
An increasing number of elderly individuals are suffering from severe and profound sensorineural hearing loss owing to age related changes in the inner and middle ear.
Technological advancements such as improvements in design and placement of electrode and receiver have enhanced outcomes fostering greater device adoption.
Unilateral implant business will grow at a lucrative rate during the forecast years.
Pediatric business segment is slated to exhibit lucrative growth. Spur in number of children being diagnosed with profound hearing loss as a result of new born screening programs will boost growth.
India cochlear implant systems market presents a lucrative future opportunity owing to the presence of a large patient pool and low market penetration.
Regional Data Coverage under Cochlear Implant Systems Market:
- 1.North America (U.S., & Canada)
- 2.Europe (UK, Germany, France, Spain, Italy, Sweden, & Denmark)
- 3.Asia Pacific (China, India, Japan & Australia)
- 4.Latin America (Brazil, Mexico, Argentina, Colombia, & Chile)
- 5.Middle East & Africa (South Africa)
Key Company Profiled in this Research Report:
Cochlear Limited, MED-EL, Nurotron Biotechnology Company Ltd, William Demant Holding A/S, & Sonova.
Key Chapters Covered:
- Methodology
- Executive Summary
- Breastfeeding Accessories Industry Insights
- Breastfeeding Accessories Market, By Product
- Breastfeeding Accessories Market, By End-User
- Breastfeeding Accessories Market, By Region
- Company Profiles
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