DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Cochlear Implants Market Analysis By Type of Fitting (Unilateral Implantation, Bilateral Implantation), By End-Users (Adults, Pediatrics), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2014 - 2025" report to their offering.
The global cochlear implants market is expected to reach a value of USD 3.1 billion by 2025. The cochlear implants market is anticipated to witness significant growth during the forecast period, which can be attributed to a favorable reimbursement scenario, rising awareness about hearing aids, and increasing adoption of implants.
Furthermore, technological advancements in cochlear implants to make the device more efficient and user-friendly can boost the demand, which is expected to propel the industry during the forecast period. For instance, in September 2016, Cochlear Ltd. launched the world's thinnest full-length perimodiolar electrode for their cochlear implant. The thin structure of the implant electrode helps to protect the delicate structures of the inner ear.
Unilateral implantation dominated the industry in 2015. This can be attributed to its low cost as compared to bilateral implantation and high demand from adults due to its cost-effectiveness.
Bilateral implantation is the most lucrative segment of the industry. Increasing demand, ability to recognize the speech in noise, and good reimbursement are the key factors expected to drive the market during the forecast period.
By end-users, the adults segment dominated the market in 2015 and is expected to maintain its dominance during the forecast period, due to the presence of a large patient base and growing geriatric population.
Pediatrics segment is expected to grow at the fastest rate during the forecast period. Increasing implantation at an early age, implementation of several programs & government support to provide cochlear implant to children as early as possible, and good reimbursement are the key factors expected to propel the market.
- Cochlear Ltd.
- Gaes Group
- William Demant Holding A/S
Nurotron Biotechnology Company Ltd
Key Topics Covered:
1 Research Methodology
2 Executive Summary
3 Cochlear Implants Market Variables, Trends & Scope
4 Cochlear Implants: Type of Fitting Estimates & Trend Analysis
5 Cochlear Implants: End-Users Estimates & Trend Analysis
6 Cochlear Implants: Regional Estimates & Trend Analysis
7 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/tq678j/cochlear_implants