Global Cochlear Implants Market Size Analysis, 2019-2028

REPORT ID: BR1088Domain: Medical DevicesPublished Date: August 2019
Pages: 300+Format: PDF

Global Cochlear Implants Market size was valued over US$ 1,561 million in 2019 and will register growth rate of 5.8% CAGR between 2019 and 2028. Cochlear implants consist of a microphone, processor and transmitter worn outside the body and a receiver and electrodes under the skin which send signals into the auditory nerves and brain. Direct stimulation of the auditory nerves makes cochlear implants to be highly preferred in case of deafness arising due to cochlea damage.

Key Trends and Factors Driving Cochlear Implants Market Demand:

  • Product innovation has been the core aspect of the segment. Various companies focusing on launching upgraded cochlear implants. In 2014, Cochlear launched Nucleus hybrid implants systems to amplify low frequency hearing. Few major hearing device manufacturers has also entered the segment. In 2013, William Demant entered the segment in order to capitalize the addressable market.
  • Competition in the segment has heightened with major players actively enhancing product portfolio in order to gain maximum market share. Challenges are also coming with emergence of new entrants in the segment. Recently, in August 2019, Cochlear witnessed US$ 276.7 million as net profit, which is 13% higher compared to that in 2018. While sales were good, the company faced 3% decline in cochlear implant unit sales. Decline in sales is mainly due to competitor product launch in key market – U.S. and Germany.
  • While the market holds immense potential, higher surgical and device cost has limited the maximum reach. For instance, the surgical cost can run as high as US$ 50,000 in developed parts of world. There does not exists any generic version of cochlear implants and prices are regulated on a higher note especially in developing regions where exists immense market potential.

Global Cochlear Implants Market Size, Analysis across Segments:

  • On the basis of products, the industry revenue is analyzed across unilateral and bilateral implants. In 2018, unilateral cochlear implants sales was valued over US$ 1,312 million.
  • On the basis of distribution channel, sales revenue is analyzed across hospitals, specialized ENT clinics and others. Among these, hospital chains accounted for the highest share.

Global Cochlear Implants Market Size, Regional Analysis:

North America cochlear implants market accounted for 49% of total revenue share in 2018. The region has high healthcare expenditure along with higher prevalence of deafness. In addition, the region has well established hospitals to address the issue. Companies have direct distribution channels to gain higher penetration. Asia Pacific will register fastest CAGR with China and India accounting for highest share.

Global Cochlear Implants Market Size, Competition Landscape:

Some of the key industry players covered in the report are:

  • William Demant Holding
  • Cochlear
  • Sonova
  • MED-EL

What Will You Discover in the Report?

  • An in-depth analysis of the Cochlear Implants market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Cochlear Implants market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Cochlear Implants market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Cochlear Implants industry during the forecast period
  • Who are the Cochlear Implants industry leaders and what are the key initiatives taken by them for long term growth

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Cochlear Implants Market Scope

  1. Report Structure
  2. Executive Summary
  3. Research Methodology
  4. Cochlear Implants Market
    • Market Outlook and Forecast
    • Growth Forecast Analysis Scenario
    • Hearing Devices Market (Parent Market Overview)
    • Out of Pocket Spending Analysis, (By Selected Countries)
    • Value Chain Analysis
  5. Global Cochlear Implants Market Overview
    • Global Cochlear Implants Market Size, 2018-2028
    • Growth Analysis, 2019-2028 (%)
    • Key Industry Players
  6. Cochlear Implants Market Dynamics
    • Market Drivers
      • Demand Side Drivers
      • Supply Side Drivers
      • Macroeconomic Drivers
    • Market Challenges
    • Industry Trends
    • Market Opportunities
    • Marketed Details
    • Porters Analysis
    • PESTLE Analysis
    • Market Investment Proposition
    • Key Developments and Mergers and Acquisitions
  7. Cochlear Implants Pricing Dynamics
    • Pricing Trends
  8. Cochlear Implants Market, By Product
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • Unilateral
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Bilateral
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. Cochlear Implants Market, By Distribution Channel
    • Introduction and Key Trends
    • Market Share Analysis, 2019 and 2028, (%)
    • Hospitals
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • ENT Clinics
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
    • Ambulatory Surgical Centers
      • Market Value Forecast, 2018-2028, (US$ Million)
      • Y-o-Y Growth Analysis, 2019-2028, (%)
      • Incremental Revenue Opportunity, 2019-2028
  1. Cochlear Implants Market, By Distribution Channel
    • Introduction
    • Regional Trends
    • Regional Market Share Analysis, 2019 and 2028, (%)
    • Industry Value Proposition Analysis
    • Comparative Ranking Analysis, By Segments
    • Key Developments
    • Market Attractiveness Analysis
  2. North America Cochlear Implants Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • United States
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • United States Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Canada
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Canada Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
  1. Western Europe Cochlear Implants Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Germany
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Germany Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • United Kingdom
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • United Kingdom Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • France
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • France Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Italy
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Italy Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • BENELUX
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • BENELUX Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • NORDIC
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • NORDIC Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Rest of Western Europe
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Western Europe Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
  1. Central and Eastern Europe (CEE) Cochlear Implants Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Russia
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Russia Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Poland
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Poland Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Ukraine
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Ukraine Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Rest of CEE
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of CEE Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
  1. Asia Pacific Cochlear Implants Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • China
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • China Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • India
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • India Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Japan
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Japan Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • ASEAN
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • ASEAN Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Australia and New Zealand (ANZ)
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • ANZ Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • South Korea
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • South Korea Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Rest of Asia Pacific
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Asia Pacific Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
  1. Latin America Cochlear Implants Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • Brazil
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Brazil Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Mexico
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Mexico Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Argentina
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Argentina Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Rest of Latin America
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Latin America Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
  1. Middle East Cochlear Implants Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • GCC
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • GCC Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Rest of Middle East
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Rest of Middle East Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
  1. Africa Cochlear Implants Market Size and Share Analysis, 2018-2028
    • Introduction
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
    • Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
      • South Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • South Africa Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • Central Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • Central Africa East Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
      • North Africa
        • Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
        • North Africa Cochlear Implants Market Analysis, Across Segments (By Product, By Distribution)
  1. Company Landscape: Cochlear Implants Industry
    • Competition Dashboard
    • Company Market Positioning, 2018
    • Key Industry Players Across Regions
    • Distribution Channel Matrix
    • Company Profiles
      • William Demant Holding
        • Company Overview
        • Regional Presence Assessment
        • Key Offerings
        • Key Developments
        • Business Strategy
          • Product Level Strategy
          • Go-to-Market Level Strategy
          • Regional Level Strategy
        • SWOT Analysis
      • Cochlear
        • Company Overview
        • Regional Presence Assessment
        • Key Offerings
        • Key Developments
        • Business Strategy
          • Product Level Strategy
          • Go-to-Market Level Strategy
          • Regional Level Strategy
        • SWOT Analysis
      • Sonova
        • Company Overview
        • Regional Presence Assessment
        • Key Offerings
        • Key Developments
        • Business Strategy
          • Product Level Strategy
          • Go-to-Market Level Strategy
          • Regional Level Strategy
        • SWOT Analysis
      • MED-EL
        • Company Overview
        • Regional Presence Assessment
        • Key Offerings
        • Key Developments
        • Business Strategy
          • Product Level Strategy
          • Go-to-Market Level Strategy
          • Regional Level Strategy
        • SWOT Analysis
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