Global cochlear implants market to grow at a CAGR of 14.61%

A cochlear implant is a surgically implanted complex electronic device that helps overcome complications in the inner ear or cochlea. This implant consists of two major components: an external component known as the sound processor and an internal component known as the implant. The sound processor receives sound waves and processes them into detailed digital information. The implant converts the digital information into electrical information, which is sent to the auditory nerve from an electrode array placed inside the cochlea. The auditory nerve sends impulses to the brain, where these sound waves are processed and interpreted.

Technavios analysts forecast the global cochlear implants market to grow at a CAGR of 14.61% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global cochlear implants market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of various cochlear implants that are sold globally.

The market is divided into the following segments based on geography:

APAC

EMEA

Americas

Technavio's report, Global Cochlear Implants Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Cochlear

MED-EL

Sonova

William Demant

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Other prominent vendors

Microson

Nurotron Biotechnology

Market driver

Rise in product customization

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Market challenge

High cost

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Market trend

Introduction of rechargeable cochlear implant devices

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