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Jan 31, 2019 12:06 AM ET

Latest Study on Global Cochlear Implants Market: Estimated to Surpass US$ 2.98 billion, globally, by 2025 | Top Vendors; Cochlear Ltd., William Demant Holding, Sonova, MED-EL, and Nurotron


Latest Study on Global Cochlear Implants Market: Estimated to Surpass US$ 2.98 billion, globally, by 2025 | Top Vendors; Cochlear Ltd., William Demant Holding, Sonova, MED-EL, and Nurotron

iCrowd Newswire - Jan 31, 2019

AnalystView Market Insights always aims at offering an in-depth and comprehensive analysis on different industry domains. This newly published market research report on the Global Cochlear Implants Market is a significant part of AnalystView Market Insights’ machinery portfolio and represents detailed insights into the market space for cochlear implants. The report on the global cochlear implants market is our commitment to fulfill our client’s requirements by providing comprehensive and in-depth industry for market.

The global cochlear implants market is expected to grow at growth rate of 9.6% to reach USD 2.98 billion by 2025. This comprehensive study reveals the market estimate numbers for different market segments. Along with that, the study covers qualitative insights, strategic benchmarking and thorough competitive landscaping in the report spreading over 110 pages.

Cochlear implants are medical devices, used for the patients with the mild to moderate hearing loss. This device consists of an internal and external component that bypass the damaged structure in the ear and directly enable to stimulate the auditory nerve. Cochlear implants are recognized as a cost-effective medical intervention for patients with hearing disability by the World Health Organization. Improvement in technologies coupled with rising reimbursement rate for the use of cochlear implants supports the market growth.

Additionally, increasing research funding from government and non-government bodies for research and development activities support the market growth. For instance, in February 2017, the American Cochlear Implant (ACI) proposed investment for new development in cochlear implant field which is up to USD 150,000 per year for the investigators. Likewise, in 2016, the WHO’s governing body, the World Health Assembly (WHA), passed a resolution to initiate awareness programs for different hearing aid devices, aiming to provide more accessibility for assistive hearing technologies such as cochlear implants. Such initiatives will boost the demand for cochlear implants among end users, augmenting the market growth.

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Key Takeaways:

Browse full research highlight with in-depth ToC on “Cochlear Implant Market, By Types, and Geography– Analysis, Share, Trends, Size, & Forecast From 2014 – 2025” at

www.analystviewmarketinsights.com/report-highlight-cochlear-implant-market-155/

The scope of this report covers the market by its major segments, as follows:

MARKET, BY TYPES

MARKET, BY REGION

Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):

Key Question Answered:

Please note that preparing of customized report catering to a particular region or country is also possible within quicker timeframe as we follow bottom-up research methodology

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