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World Cochlear Implants Market Outlook to 2024 Featuring Profiles of Cochlear, MED-EL, Advanced Bionics Corp, William Demant, Nurotron Biotechnology, Oticon Medical, and Sonova - ResearchAndMarkets.com

December 30, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 30, 2019--

The “Cochlear Implants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global cochlear implants market reached a value of US$ 2.5 Billion in 2018. Looking forward, the market is projected to reach a value of US$ 4.4 Billion by 2024, registering a CAGR of around 10% during 2019-2024.

The growing geriatric population, along with the increasing incidence of children born with hearing defects, is one of the key factors driving the market growth.

Furthermore, medical breakthroughs have enabled early diagnosis of otic diseases and related ear disorders. This, coupled with the rising awareness regarding the benefits of hearing aids, has significantly propelled their adoption rate among the masses.

The product innovations are also representing as another major growth-inducing factor. Manufacturers are attempting to launch more user-friendly and efficient product variants in the market. For instance, the introduction of waterproof and rechargeable cochlear implants, along with the integration of next-generation sound processors, has notably boosted the product sales.

Moreover, efforts by both government and non-governmental organizations (NGO) to make quality healthcare facilities accessible to all have also proven to be pivotal to the market growth.

Other growth-inducing factors include rising disposable incomes, increasing healthcare expenditures and enhanced research and development (R&D) activities.

The report has also analyzed the competitive landscape of the market with some of the key players being Cochlear Ltd., MED-EL, Advanced Bionics Corporation, William Demant, Nurotron Biotechnology Ltd., Oticon Medical, Sonova, etc.

Key Questions Answered in This Report

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Cochlear Implants Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Implant Type

5.4 Market Breakup by End-User

5.5 Market Breakup by Region

5.6 Market Forecast

6 SWOT Analysis

6.1 Overview

6.2 Strengths

6.3 Weaknesses

6.4 Opportunities

6.5 Threats

7 Value Chain Analysis

8 Porter’s Five Forces Analysis

8.1 Overview

8.2 Bargaining Power of Buyers

8.3 Bargaining Power of Suppliers

8.4 Degree of Competition

8.5 Threat of New Entrants

8.6 Threat of Substitutes

9 Market Breakup by Implant Type

9.1 Unilateral

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Bilateral

9.2.1 Market Trends

9.2.2 Market Forecast

10 Market Breakup by End-User

10.1 Adults

10.1.1 Market Trends

10.1.2 Market Forecast

10.2 Children

10.2.1 Market Trends

10.2.2 Market Forecast

11 Market Breakup by Region

11.1 Asia Pacific

11.1.1 Market Trends

11.1.2 Market Forecast

11.2 Europe

11.2.1 Market Trends

11.2.2 Market Forecast

11.3 North America

11.3.1 Market Trends

11.3.2 Market Forecast

11.4 Middle East and Africa

11.4.1 Market Trends

11.4.2 Market Forecast

11.5 Latin America

11.5.1 Market Trends

11.5.2 Market Forecast

12 Competitive Landscape

12.1 Market Structure

12.2 Key Players

12.3 Profiles of Key Players

12.3.1 Cochlear Ltd.

12.3.2 MED-EL

12.3.3 Advanced Bionics Corporation

12.3.4 William Demant

12.3.5 Nurotron Biotechnology Ltd.

12.3.6 Oticon Medical

12.3.7 Sonova

For more information about this report visit https://www.researchandmarkets.com/r/b9tdn3

View source version on businesswire.com:https://www.businesswire.com/news/home/20191230005225/en/

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KEYWORD:

INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH

SOURCE: Research and Markets

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PUB: 12/30/2019 10:21 AM/DISC: 12/30/2019 10:21 AM

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