$1.94 Bn Cochlear Implant Market - Global Forecast to 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Cochlear Implant Market Research Report by Type of Fitting, End-user, and Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Cochlear Implant Market size was estimated at USD 1,187.84 million in 2020, is expected to reach USD 1,285.24 million in 2021, and projected to grow at a CAGR of 8.53% reaching USD 1,942.02 million by 2026.

In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.

Cumulative Impact of COVID-19

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. The analyst's ongoing research amplifies their research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward.

The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Competitive Strategic Window

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.

It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

Market Share Analysis

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others.

Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate.

The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.

Market Dynamics

Drivers

• Increasing geriatric population with age-related hearing loss
• Favourable reimbursement policies
• Rising adoption of cochlear implants

Restraints

• High maintenance cost
• High cost associated with the surgery and postoperative follow-up

Opportunities

• Increasing government support developing innovative next generation sound processors
• Technological advancements in the cochlear implant
• Rising investments in R&D and healthcare spending

Challenges

• Risk of injuries during surgeries

Company Usability Profiles

• Aetna Inc.
• ALPS Hearing
• American Speech-Language-Hearing Association
• Amplifon S.p. A.
• Cochlear Ltd.
• Demant A/S
• GN Hearing A/S
• Karger AG
• Kopp Development Inc.
• MED-EL Elektromedizinische Gerate Gesellschaft m.b.H.
• Medtronic PLC
• Microson S.A.
• Natus Medical
• Nurotron Biotechnology Co. Ltd
• Oticon Medical A/S
• Sonova Holding AG
• Starkey Hearing Technologies
• Summit Medical Group

For more information about this report visit https://www.researchandmarkets.com/r/nc8s74

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