Cochlear Implant (CI) Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2028 – EIN News
Reports And Data
Growing prevalence of congenital hearing loss and increasing adoption of cochlear implants over hearing aids are some key factors
NEW YORK, NY, UNITED STATES, November 27, 2021 /EINPresswire.com/ — The global cochlear implant market size is expected to reach USD 4.21 Billion by 2028 at a CAGR of 10.9%, according to the latest report by Reports and Data. Growing incidence of hearing disability in infants an…….
Reports And Data
Growing prevalence of congenital hearing loss and increasing adoption of cochlear implants over hearing aids are some key factors
NEW YORK, NY, UNITED STATES, November 27, 2021 /EINPresswire.com/ — The global cochlear implant market size is expected to reach USD 4.21 Billion by 2028 at a CAGR of 10.9%, according to the latest report by Reports and Data. Growing incidence of hearing disability in infants and geriatric population, availability of affordable cochlear implants, and technological advancements in cochlear implants such as enhanced signal transfer and improved battery life are some key factors expected to drive market revenue growth over the forecast period.
Cochlear implants are small electronic devices that can electrically stimulate the cochlear nerve to provide a sense of sound to person who is deaf or has severe hearing disability. It is the best option for people suffering from hearing loss due to inner ear damage that cannot be treated with hearing aids. Cochlear implant bypasses damaged portions of the ear to delivery sound signals to auditory nerve. It used a sound processor that fits behind the ear which captures sounds and sends them to receiver which sends signals to electrodes implanted in the cochlea. Cochlear implant has enabled people to recognize warning signals, understand sounds in environment, and understand speech in person. Cochlear implants have been FDA-approved for use in children and adults suffering from deafness or severe hearing impairment. Favorable reimbursement scenario for cochlear implant surgical process and therapy is one of the key factors expected to boost market revenue growth over the forecast period.
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Growing prevalence of congenital hearing loss and increasing adoption of cochlear implants over hearing aids are some key factors expected to contribute to market growth going ahead. However, lack of skilled professionals, high costs of cochlear implants and treatments, and availability of alternative treatment options are expected to hamper market growth to a certain extent over the forecast period.
A comprehensive analysis of the value chain and downstream raw materials and upstream essentials is offered in the report. The market report also covers technical data, manufacturing and production costs, research and development activities, regulatory framework, macro and micro-economic factors, and globalization. The report further segments the Cochlear Implant (CI) market on the basis of key companies, product types, applications, and key regions to impart better understanding of the Cochlear Implant (CI) market.
Leading Companies Profiled in the Report are:
Cochlear, MED-EL, Advanced Bionics (Sonova), Oticon (William Demant), Hangzhou Nurotron, Listent Medical, Nurotron Biotechnology Co. Ltd., Medtronic, Demant A/S, Starkey, WIDEX A/S, Amplifon and GN Hearing A/S.
Some Key Highlights from the Report:
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