Middle East and Africa Cochlear Implants Market Research Report: Growth, Trends and Forecast By 2030
An influential Middle East and Africa Cochlear Implants market research report works as an ideal solution for better understanding of the market and high business growth. Huge efforts have been put together and no stone is left unturned while preparing this report. It considers public demands, competencies and the constant growth of the working industry, vibrant reporting, or high data protection services while analysing market information. Middle East and Africa Cochlear Implants market report has a chapter on the global market and allied companies with their profiles, which provides important data pertaining to their insights in terms of finances, product portfolios, investment plans, and marketing and business strategies.
Data Bridge Market Research analyses that the cochlear implants market which is USD 106.81 million in 2022, is expected to reach USD 230.63 million by 2030, at a CAGR of 10.1% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Overview:
A cochlear implant (CI) is a medical device that uses electricity to stimulate the auditory nerve's spiral ganglion cells, restoring sensorineural hearing loss. This device's purpose is to convert sound into an electrical signal and deliver it to the hearing nerve, bypassing the damaged hearing apparatus.
Middle East and Africa Cochlear Implants Market Dynamics
Drivers
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Increase in Elderly Population
The growing elderly population is expected to drive the cochlear implant market forward. According to the WHO, the population aged 60 and up accounted for more than 1.0 billion in 2020 and is expected to reach 1.4 billion by 2050. As hearing ability declines with age, an increase in the age population is expected to drive market growth.
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Technical advancements
According to the National Institute of Deafness and Other Communication Disorders, approximately 2 to 3 out of 1000 children in the United States have detectable hearing loss. Sensorineural unilateral hearing loss affects approximately 1 in 1000 live births in the United States (UHL). To assist these patients, the US Food and Drug Administration approved cochlear implantation in children aged 5 years and older with single-sided deafness (SSD) in 2019.
Some of the major players operating in the cochlear implants market are:
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Cochlear Ltd (Australia)
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MED-EL Medical Electronics (India)
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Advanced Bionics AG (Switzerland)
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Medtronic (U.S.)
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Oticon (Denmark)
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Zhejiang Nurotron Biotechnology Co., Ltd (China)
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Widex A/S (Denmark)
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