The Americas accounted for the major share of the market owing to the presence of huge
patients suffering from hearing loss, well-developed technology, high healthcare
expenditure, and government support for the research & development. According to the
National Institute on Deafness and Other Communication Disorders, in 2015, over 15% of
American adults i.e. 37.5 million aged 18 and over were suffering from hearing problems.
Additionally, the presence of a number of leading players and favorable reimbursement
policies have fuelled the growth of the market.
Europe accounted for the second largest cochlear implants market, which is followed by the
Asia Pacific. Increasing number of patients suffering from hearing problems, ear infection
and other diseases have boosted the growth of the market. The high healthcare expenditure
in this region is likely to provide a push to the growth of the market. Furthermore,
increasing government support and funding for the development and treatment
improvement have fuelled the growth of the market.
The Asia Pacific is the fastest growing cochlear implants market across the globe. Increasing
need for better devices, rapidly improving technology, and the presence of huge patient
pool drives the growth of this market in Asia Pacific region.
The Middle East & Africa holds the least share of the market owing to the presence of poor
and slow developing countries, especially, in the African region. Furthermore, increasing
aging population and undeveloped market of the medical devices are the major drivers in
this region.
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