Cochlear Implants Market to Reach Valuation $ 3 Billion by 2025 - Crystal Market research
A research study titled, “Cochlear Implants Market by Type and End User – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the Cochlear Implants Market is projected to be around $3 billion by 2025.
A research study titled, “Cochlear Implants Market by Type and End User – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the Cochlear Implants Market is projected to be around $3 billion by 2025.
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<strong>Cochlear</strong> <strong>Implants</strong> <strong>Market</strong> is projected <strong>to</strong> be around $ 3 <strong>Billion</strong> <strong>by</strong> <strong>2025</strong> |<br />
<strong>Crystal</strong> <strong>Market</strong> <strong>research</strong><br />
A <strong>research</strong> study titled, “<strong>Cochlear</strong> <strong>Implants</strong> <strong>Market</strong> <strong>by</strong> Type and End User – Global Industry<br />
Analysis and Forecast <strong>to</strong> <strong>2025</strong>” published <strong>by</strong> <strong>Crystal</strong> <strong>Market</strong> Research, states that the <strong>Cochlear</strong><br />
<strong>Implants</strong> <strong>Market</strong> is projected <strong>to</strong> be around $3 billion <strong>by</strong> <strong>2025</strong>.<br />
For more information, click on the below link @<br />
https://www.crystalmarket<strong>research</strong>.com/report/cochlear-implants-market<br />
Report Overview:<br />
A <strong>Cochlear</strong> Implant is a device which delivers electrical stimulation <strong>to</strong> the audi<strong>to</strong>ry nerve present<br />
in the inner ear. Children and adults affected <strong>by</strong> profound hearing loss who cannot use hearing<br />
aids can be helped with cochlear implants. Hearing loss can arise from hereditary as well as nonhereditary<br />
fac<strong>to</strong>rs or due <strong>to</strong> certain complications during childbirth or pregnancy. Acquired<br />
causes of hearing loss may include infectious diseases such as meningitis, measles or other<br />
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chronic ear infections. The major impact of hearing loss is on an individual’s ability <strong>to</strong><br />
communicate with others which in turn, may have social and emotional impact such as feeling of<br />
isolation, frustration and loneliness. As per the data revealed <strong>by</strong> WHO, in February 2017, around<br />
360 million people worldwide are suffering from hearing loss, of which 32 million are children.<br />
Nearly one third of people over 65 years of age are suffering from disabling hearing loss.<br />
In 2016, unilateral implants segment held a major share of the overall cochlear implants market,<br />
as the surgery for unilateral implants in done at a lower cost as opposed <strong>to</strong> bilateral implants.<br />
Bilateral implants market will exhibit fastest growth rate over the forecast period, due <strong>to</strong> the<br />
exceptional results of these implants for children. Children who have undergone bilateral<br />
implantation benefit from the implants <strong>to</strong> localize sources of sound and recognize speech in<br />
noisy environment at home or school. On an average, children with bilateral implants perform<br />
better than unilateral implants on tests of movement tracking and localization.<br />
Regional Outlook:<br />
In 2016, Europe accounted for the major share of the global cochlear implants market, owing <strong>to</strong><br />
the presence of large patient base, rapidly growing elderly population, and increased adoption of<br />
implants due <strong>to</strong> improved healthcare infrastructure in the region. North America held the second<br />
largest share of the overall market and is expected <strong>to</strong> witness an impressive growth over the<br />
forecast period, due <strong>to</strong> rising prevalence of hearing loss, high adoption of advanced products, and<br />
well-established healthcare infrastructure. According <strong>to</strong> the National Institute of Deafness and<br />
Other communication Disorders, out of every 1,000 children in U.S., around 2 <strong>to</strong> 3 children are<br />
born with a detectable hearing loss in either one or both ears.<br />
Top Major <strong>Market</strong> Players:<br />
Some of the key players operating in this market are William Demant Holding A/S, <strong>Cochlear</strong><br />
Ltd., MED-EL, Gaes Group, Sonova Holding AG, SeboTek Hearing Systems, LLC, Nurotron<br />
Biotechnology Co. Ltd, Audina Hearing Instruments, Inc. and GN S<strong>to</strong>re Nord A/S.<br />
Purchase the report @ https://www.crystalmarket<strong>research</strong>.com/checkout/HC052<br />
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