Multichannel Cochlear Implant Market

Multichannel cochlear implants are used to treat hearing problems in deaf patients. These implants replaced the old hearing aids. Many manufacturers are involved in improving the quality and design of cochlear implants. In recent years, the demand for cochlear implants has increased dramatically.

Multichannel Cochlear Implant Market Size and Growth Rate:

As per the latest reports published by Research Cosmos, the global Multichannel Cochlear Implant Market projected to reach USD 3045 million by 2023 growing at a CAGR of 9.14% during the forecast period 2017 to 2023.

Multichannel Cochlear Implant Market Growth Drivers, Challenges and Opportunities:

Increasing penetration of implants due to the greater geographic reach of market players and government support are the main drivers of the market. Other key drivers of the market are technological breakthroughs, strategic initiatives by industry players, favorable repayments and successful multichannel cochlear implant surgery.

Market participants focus on the development of waterproof devices with low noise, fast charging and long battery life, which is a big challenge.

Multichannel Cochlear Implant Market – Geographical Presence:

Geographically, the global market for multichannel cochlear implant systems is divided between North America, Europe, Latin America, Asia-Pacific and the Middle East and Africa. The Asia-Pacific region is expected to dominate the global market for multichannel cochlear implant systems due to the high prevalence of hearing defects in the region.

Leading Market Players of Multichannel Cochlear Implant Market Profiled in the report are:

1. Cochlear Ltd.
2. MED-EL GmbH
3. Sonova Holding AG
4. William Demant Holding A/S
5. Starkey
6. Nurotron Biotechnology Co. Ltd.
7. Widex USA, Inc.
8. Cochlear Ltd.
9. Advanced Bionics AG
10. Oticon Medical
11. + 10 More

Detailed Segmentation of Multichannel Cochlear Implant Market:

Multichannel Cochlear Implant Market Analysis – By Connection:

• Unilateral Implementation
• Bilateral Implementation

Multichannel Cochlear Implant Market Analysis – By End User:

• Hospitals
• ENT Clinics

Multichannel Cochlear Implant Market Analysis – By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa