Cochlear Implants Market Synopsis and Highlights, Key Findings, Major CompaniesPosted by Sumaiya Khan on April 22nd, 2019 The Exhaustive Study for Global Cochlear implants Market Research Report is added on Market Research Future. To provide detail analysis of the market structure along with forecast, about various segments and sub-segments of the Cochlear implants. Cochlear implants are devices intended to be used to aid the hearing in deaf or hearing compromised patients and are equipped with an external sound processor containing microphones, and electronics assembly powered by battery. The device act by stimulating the cochlear nerve through the use of a coil. The cochlear implants market is projected to expand at a CAGR of 9.86 % by the end of forecast period ending 2023. The large unmet need of hearing impaired patients aided by the risk in risk factors such as rising geriatric population is the demographic driver of the market, with estimates that almost 360 million patients worldwide are suffering from serious hearing loss in 2015. According to the U.S. Census Bureau in 2015, 8.5 % of people representing 617 million over age 65 years of age are suffering from hearing loss. According to the Centers for Disease Control and Prevention, estimates an estimated 900 million patients are likely to suffer from severe hearing impairment by 2025. Request Free Sample Copy at https://www.marketresearchfuture.com/sample_request/5256 Favorable reimbursement policies, increasing healthcare expenditure have fed a large demand for cochlear implants as can be seen from the estimates of the National Institute on Deafness and Other Communication Disorders, which states that, 324,200 registered devices were implanted in 2015 alone. Key Players: MRFR in its report has profiled some of the top-notch companies functioning in the global cochlear implants market, which include MED-El (Austria), GAES MÉDICA (Spain), Widex (Denmark), Microson S.A. (Spain), Advanced Bionics AG (Switzerland), William Demant Holding Group (Denmark), and Cochlear Ltd (Australia). Region Analysis: Regions that are cover in the report include Americas, Europe, the Middle East & Africa (MEA) and Asia Pacific (APAC). The Americas currently account for the largest market share in term of value. This is primarily due to factors such as existence of a massive patient pool, advanced healthcare infrastructure, high-healthcare spending, rampant R&D efforts and strong government support. Moreover, presence of various prominent market players in the countries such as the U.S and Canada aids in placing the region at a favorable position in the global cochlear implants market. Meanwhile, Europe is likely to hold its second position in the global cochlear implants market throughout the review period. Presence of several advanced economies in Europe, especially in West Europe is a major supporting factor for the region’s market. Europe is followed by Asia Pacific, which is the third largest market for cochlear implants. Rising healthcare expenditure along with the improving caregiving services is creating opportunities for market players. The market in APAC is anticipated to exhibit a comparatively faster growth over the next couple of years. In the MEA, the market is projected to grow at a moderate pace however, increased focus on improving healthcare system is creating attractive prospects for the market in the region. The GCC countries are likely to play an important role in driving the market in MEA. Europe is the second largest market for Cochlear Implants which is expected to exhibit healthy growth over the forecast period. High investment in R&D activities and new product approvals are initiating growth in the region. Well spread awareness, and key players are focusing on market expansion in the region acts as a plus for the growth of the market. APAC is expected to showcase impressive growth over the forecast period. The region has large unmet needs among the massively populated countries in the region which provide ample opportunities for market expansion. To capitalize on the available growth opportunities and the availability of a cheap skilled workforce, lower operating cost and abundance of raw materials, key players are shifting their production base in the region. This has resulted in the availability of cost-competitive varieties of Cochlear Implants which has further intensified the growth of the APAC Cochlear Implants market. Segments: The have a bird’s eye view of the market, the report has been segmented by products, types, end users and regions. Products - cochlear implant system, and accessories & upgrades. The products segment is dominated by the cochlear implant system. Types - unilateral implant and bilateral implant. End users - hospitals & clinics, ambulatory surgical centers, research & academic institutes, and others. Regional – North America, Europe, Asia Pacific, Middle East and Africa. Browse Complete 83 Pages Premium Research Report Enabled with 30+ Respective Tables and Figures at https://www.marketresearchfuture.com/reports/cochlear-implants-market-5256 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India +1 646 845 9312 Like it? 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