Syndicated Research Studies

Cochlear Implant Market Growth & Trends The global cochlear implant market is anticipated to reach USD 2.77 billion by 2030, growing at a CAGR of 6.02% during the forecast period, according to a new report by Grand View Research, Inc. Hearing loss is a major concern caused by genetic factors, infections, and medications. Favorable reimbursement policies, minimally invasive procedures, and technological advancements are boosting the adoption of cochlear implants. The increasing approvals of cochlear implants, owing to technological advancements, is expected to boost the market’s growth. For instance, in December 2020, Advanced Bionics LLC, a U.S. subsidiary of Sonova, received FDA approval for Naida CI Marvel and Sky CI Marvel sound processors in the United States. These sound processors allow users to customize their implants with the help of machine learning algorithms, based on the wearers’ location whether in noisy places or at homes. Gather more ins...

Cochlear Implant Industry Overview The global  cochlear implant market  size is expected to reach USD 3.1 billion by 2030, registering a CAGR of 8.71% during the forecast period, according to a new report by Grand View Research, Inc. Supportive initiatives by the governments and various organizations, a rise in bilateral fittings, and increase in diagnosis rate are the factors, expected to boost the market growth, during the forecast period. Key players in the region are conducting research activities to improve the patient experience. For instance, in February 2022, Senova announced a vitro line of custom-made hearing devices with paradise technology which includes fully connected ITE hearing devices ; Vitro P-312 (Vitro P Black), Vitro P-Titanium, and Vitro P-10. Cochlear Implant Market Segmentation Grand View Research has segmented the global cochlear implant market based on the type of fitting, end use and region: Based on the Type Of Fitting Insights, the market is...