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28-Feb-2019

Artificial Cochlea Market Stand Out as the Biggest Contributor to Global Growth 2019-2028

Artificial cochlea or cochlear implant is an electronic device that transmit a sense of sound to person severely deaf. The implant consists of an external portion that sits behind the ear and a second portion that is surgically placed under the skin. A cochlear implant is very different from a hearing aid. Hearing aids amplify sounds so they may be detected by damaged ears, whereas, cochlear implants bypass damaged portions of the ear and directly stimulate the auditory nerve. Signals generated by the implant are sent by way of the auditory nerve to the brain, which recognizes the signals as sound. Hearing through a cochlear implant is different from normal hearing and takes time to learn or relearn.

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Increasing incidence of hearing loss in aging population, government initiatives, development of new technology and medical reimbursements in emerging countries are few factors rendering growth of global artificial cochlea market. However, cost of surgical procedures and threat of risks involved with the medical procedures such as mastoiditis, otitis media and others are the major restraining factors that may restrain growth of the global artificial cochlea market.
Strong headway has already been done in terms of technological improvements including wireless implants, and electoacoustic stimulation. Nonetheless, further technological advancements such as improvement in surgical techniques and, development of more efficient products is expected to spur opportunities for the players in the market.
The global cochlea market has been segmented on the basis of type, end users, and region.
Market in North America, particularly the US was the largest revenue contributor as it accounted for a significant share in the global market, due to presence of favorable medical reimbursement policies and favorable government initiatives.
Key players profiled in the global artificial cochlea market report include Cochlear, MED-EL, Sonova holding AG, The William Hemant holding group, Nurotron biotechnology co. ltd, Microson, Baxter, Fresenius, Syncardia, and Medtronic.

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— Analysis of upcoming and past market information will help in structuring and outlining of current business strategies.

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Last Updated: 28-Feb-2019