Cochlear Implant (CI) System Market Cochlear Implant (CI) System Market

Cochlear Implant (CI) System Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“The factors that driving the growth of the market are
increasing penetration of implants due to wide geographic
reach of market participants, growing geriatric
population who need treatment for hearing loss, and
patients suffering from ear infections.”
Global cochlear implant (CI) system market is estimated to grow at a CAGR of 10.6% in the years to come due
to modernizations in cochlear implants. Cochlear implant (CI) system is used to restore the hearing sense in
individuals. Cochlear implant is the only highly efficient device available in medical sector that can potentially
replace a sense. It bypasses non-functional parts and provides electrical simulation to the nerve fibers directly
in cochlea.
The factors that driving the growth of the market are increasing penetration of implants due to wide geographic
reach of market participants, growing geriatric population who need treatment for hearing loss, and patients
suffering from ear infections. Moreover, efforts by manufacturers for designing aesthetically appealing devices
to avoid negligence from patients, decreased mortality rate, increased life expectancy rate and favorable
government regulations are fueling the growth of market. However, high speculation cost of cochlear implant
devices and long execution period are expected to hamper the growth of market. Also, lack of awareness among
professionals and patients is negatively impacting the market growth.
Technological improvements in cochlear implant devices especially that perform exceptionally in noisy
surroundings is a trend observed in cochlear implant (CI) system market. Manufacturers designing hybrid
devices which are small in size and high in efficiency are expected to bring opportunities to the market.
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