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Some of the key players operating in this market are William Demant Holding A / S, Cochlear Ltd., MED- EL, Gaes Group, Sonova Holding AG, SeboTek Hearing Systems, LLC, Nurotron Biotechnology Co. Ltd, Audina Hearing Instruments, Inc. and GN Store Nord A / S. These companies are highly focused on continuous innovation in technology to produce more sophisticated implants. For instance, in 2016, Cochlear announced the commercial availability of two new bone conduction sound processors, Cochlear Baha 5 and Baha 5 superpower.
Key Findings of the Research Study: �
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Unilateral implants held the largest share of the global market in 2016, as the cost of unilateral procedure is low. Adults segment dominated the global market in 2016 and is projected to continue its lead during the forecast period. Pediatrics segment is poised to grow at the highest growth rate during the forecast period, due to the proven benefits of bilateral implantations in children along with favorable reimbursement policies for implantations in children. European market was the largest in 2016 as a result of large patient pool and improving reimbursement policies. In UK, adults and children who fulfill the criteria are eligible for cochlear implantation free of cost under the National Health Service( NHS). Asia-Pacific is projected to be the fastest growing region during the forecast period, primarily due to high patient population, growing awareness about the early implantations, and rising disposable income of people.
Inquire more about this report at: http:// www. crystalmarketresearch. com / send-an-enquiry / HC052 Cochlear Implants Market Segmentation: By Fitting Type:
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Bilateral Implantation Unilateral Implantation
By End User:
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Pediatrics Adults