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Cochlear Implants Market Share

Report ID: GMI2411
Published Date: Jul 2024
Report Format: PDF

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Cochlear Implants Market Share

The cochlear implants industry is characterized by the presence of several established and emerging players that offer a variety of products across the globe. The market players compete based on factors such as product quality, innovation, regulatory compliance, customer service, and pricing strategies.

Cochlear Implants Market Companies

Prominent players operating in the cochlear implants industry include:

Cochlear Ltd
Envoy Medical
MED-EL GmbH
Nurotron Biotechnology Co., LTD
Sonova Holding AG

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for cochlear implants exceeded USD 1.5 billion in 2022 and is anticipated to exhibit more than 7.5% CAGR through 2023-2032, on account of the rapidly aging population worldwide.

Unilateral implants segment accounted for over 86% share of the cochlear implants industry in 2022, owing to the increased product penetration and the rising incidence of single-sided hearing impairment among pediatric patients.

Europe cochlear implants industry size is slated to cross USD 1 billion by 2032, due to the presence of speech therapy clinics and favorable reimbursement policies for hearing impairment solutions.

Prominent players operating in the cochlear implants business is inclusive of Zhejiang Nurotron Biotechnology Co., Ltd., Envoy Medical, MED-El, Advanced Bionics Corporation (Sonova Holdings AG), and Cochlear Ltd, among others.