Global Cochlear Implant (CI) System Market Growth 2023-2029

Global Cochlear Implant (CI) System Market Growth 2023-2029

A Cochlear Implant (CI) System is a small, complex electronic device that can help to provide a sense of sound to a person who is profoundly deaf or severely hard-of-hearing. The implant consists of an external portion that sits behind the ear and a second portion that is surgically placed under the skin.

An implant does not restore normal hearing. Instead, it can give a deaf person a useful representation of sounds in the environment and help him or her to understand speech.

LPI (LP Information)' newest research report, the “Cochlear Implant (CI) System Industry Forecast” looks at past sales and reviews total world Cochlear Implant (CI) System sales in 2022, providing a comprehensive analysis by region and market sector of projected Cochlear Implant (CI) System sales for 2023 through 2029. With Cochlear Implant (CI) System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cochlear Implant (CI) System industry.

This Insight Report provides a comprehensive analysis of the global Cochlear Implant (CI) System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cochlear Implant (CI) System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cochlear Implant (CI) System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cochlear Implant (CI) System and breaks down the forecast by type, by end users, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cochlear Implant (CI) System.

The global Cochlear Implant (CI) System market size is projected to grow from US$ 1904.4 million in 2022 to US$ 3557.1 million in 2029; it is expected to grow at a CAGR of 3557.1 from 2023 to 2029.

Due to the high technical threshold, the concentration of cochlear implants system market is very high. Cochlear from Australia is a giant player in this market, accounting for almost 60% of global market. Other leading companies are MED-EL, Advanced Bionics (Sonova), Oticon (William Demant), Hangzhou Nurotron and Listent Medical.

In terms of geography, the global cochlear implants market was dominated by the Europe, which accounted for more than 36% of the total market share.

In terms of products type, the market is segmented into unilateral implantation and bilateral implantation. Unilateral implantation dominated the overall cochlear implant market, accounting for over 97% of global market.

Cochlear implants for adults segment dominated the overall marke, accounting for over 57% of global market.

This report presents a comprehensive overview, market shares, and growth opportunities of Cochlear Implant (CI) System market by product type, end users, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Unilateral Cochlear Implant
Binaural Cochlear Implant

Segmentation by end users
Adult
Pediatric

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cochlear
MED-EL
Sonova
William Demant
Nurotron Biotechnology
Shlst

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cochlear Implant (CI) System market?

What factors are driving Cochlear Implant (CI) System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cochlear Implant (CI) System market opportunities vary by end market size?

How does Cochlear Implant (CI) System break out type, end users?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.