Cochlear Implants Market to Reach Valuation $ 3 Billion by 2025 - Crystal Market research

chronic ear infections. The major impact of hearing loss is on an individual’s ability to
communicate with others which in turn, may have social and emotional impact such as feeling of
isolation, frustration and loneliness. As per the data revealed by WHO, in February 2017, around
360 million people worldwide are suffering from hearing loss, of which 32 million are children.
Nearly one third of people over 65 years of age are suffering from disabling hearing loss.
In 2016, unilateral implants segment held a major share of the overall cochlear implants market,
as the surgery for unilateral implants in done at a lower cost as opposed to bilateral implants.
Bilateral implants market will exhibit fastest growth rate over the forecast period, due to the
exceptional results of these implants for children. Children who have undergone bilateral
implantation benefit from the implants to localize sources of sound and recognize speech in
noisy environment at home or school. On an average, children with bilateral implants perform
better than unilateral implants on tests of movement tracking and localization.
Regional Outlook:
In 2016, Europe accounted for the major share of the global cochlear implants market, owing to
the presence of large patient base, rapidly growing elderly population, and increased adoption of
implants due to improved healthcare infrastructure in the region. North America held the second
largest share of the overall market and is expected to witness an impressive growth over the
forecast period, due to rising prevalence of hearing loss, high adoption of advanced products, and
well-established healthcare infrastructure. According to the National Institute of Deafness and
Other communication Disorders, out of every 1,000 children in U.S., around 2 to 3 children are
born with a detectable hearing loss in either one or both ears.
Top Major Market Players:
Some of the key players operating in this market are William Demant Holding A/S, Cochlear
Ltd., MED-EL, Gaes Group, Sonova Holding AG, SeboTek Hearing Systems, LLC, Nurotron
Biotechnology Co. Ltd, Audina Hearing Instruments, Inc. and GN Store Nord A/S.
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