Global Cochlear Implant Market 2022-2028
A cochlear implant is a small electronic device that electrically stimulates the cochlear nerve (nerve for hearing). It can be an option for people who have severe hearing loss from inner-ear damage who are no longer helped by using hearing aids. Unlike hearing aids, which amplify sound, a cochlear implant bypasses damaged portions of the ear to deliver sound signals to the hearing (auditory) nerve. The global cochlear implant market was valued at USD 1,726 million in 2021 to USD 2,977 million by 2028, progressing at a CAGR of 8.1% from 2022 to 2028, according to Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global cochlear implant market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the cochlear implant industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type of fitting, end user, and region. The global market for cochlear implant can be segmented by type of fitting: unilateral implantation, bilateral implantation. In 2021, the unilateral implantation segment made up the largest share of revenue generated by the cochlear implant market. Cochlear implant market is further segmented by end user: adults, pediatrics. The adults segment was the largest contributor to the global cochlear implant market in 2021. Based on region, the cochlear implant market is segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America.
By type of fitting:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook