The global cochlear implants market accounted to US$ 1,510.9 Mn in 2018 and is expected to grow at a CAGR of 11.9% during the forecast period 2019 – 2027, to account to US$ 4,124.1 Mn by 2027.
Key Competitors In Market are Cochlear Ltd., MED-EL, Sonova, Nurotron Biotechnology Co. Ltd., Medtronic, Demant A/S,Starkey, WIDEX A/S, Amplifon, , GN Hearing A/S, And Others
Key Question Answered in this Research-
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Market Insights
Increase In Number Of Patients Suffering From Hearing Loss
Hearing loss is on the rise. Unless this trend is reversed, it will mean higher direct costs for health systems. The need will grow for ear and hearing care services and related technologies, such as hearing devices, cochlear implants, and others. If these needs are not met, this would be detrimental not only for individuals in terms of social isolation and increased poverty but also for societies as a whole, due to lower productivity. A number of governments around the world have recognized the importance of mitigating current trends by preventing hearing loss in the first instance.
Increasing Medical Tourism in Emerging Nations
Many of the emerging countries are preferred location for medical tourism. Asia is one of the most preferred medical tourism destinations drawing increasing numbers of patients for treatment. Medical tourist visits Asia for plastic surgeries, weight loss surgeries, cochlear surgery, cardiovascular surgery, and orthopedic treatment. The cost of these surgical procedures is comparatively less than in emerging nations as compared to developed countries.
Strategic Insights
Product launches and up gradation was observed as the most adopted strategy in global cochlear implants industry. For instance, in January 2019, Starkey Hearing Technologies is thrilled to introduce a product that can help give millions of people, their families, and caregivers peace of mind. Fall Alert, a revolutionary feature of Livio AI, can detect falls and send alert messages to selected contacts. Starkey Hearing Technologies incorporated significant new inventions to avoid false-positives and flag only true falls. Thus, such product up gradations is likely to boost up the growth of its own and is likely to contribute to the market growth in the coming future
Market segmentation:
by Type of Fitting (Unilateral Implantation, Bilateral Implantation)
By End User (Adults, Pediatrics)
By Geography North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. And 13 countries globally along with current trend and opportunities prevailing in the region.
The target audience for the report on the Mobile Cardiac Telemetry Systems market
Manufactures
Market analysts
Senior executives
Business development managers
Technologists
R&D staff
Distributors
Investors
Governments
Equity research firms
Consultants
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