The report forecasts the global cochlear implants market to grow at a CAGR of 14.61% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Rechargeable cochlear implant devices have been experiencing significant demand recently. For instance, Hansaton Acoustics introduced the AQ Custom Rechargeable ITE in 2010 and the AQ X-Mini Rechargeable Receiver-in-the-Canal device in July 2011. Rechargeable consumer hearing aids have an advantage over conventional hearing aid devices with primary cells rechargeable devices are small in size, enabling manufacturers to build tiny instruments that also appeal cosmetically.
According to the report, increase in the customization of cochlear implant devices will drive the market. Most leading cochlear implant device manufacturers are customizing and developing their product lines to attract consumers and stay ahead of the competition. Manufacturers are also focusing on innovation and offering products with upgrades, especially in sound processors. These next-generation sound processors consist of technologically advanced chips, thereby increasing the demand for the product in the market.
Further, the report states that high cost of cochlear implant devices is likely to hinder market growth.
- William Demant
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Cost analysis of cochlear implants
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/62bvqk/global_cochlear
- Global Hearing Implants Market Outlook 2020
- Cochlear Implants - Medical Devices Pipeline Assessment, 2016
Related Topics: Hearing Aids and Implants