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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Global Cochlear Implant Systems Market valued $2.5 bn by 2024: Global Market Insights Inc.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Global Market Insights, Inc. says, Cochlear Implant Systems Market size is set to exceed USD 2.5 billion by 2024. Increasing incidence of hearing loss in infants and adults will drive industry growth during the forecast period. An increasing number of elderly individuals are suffering from severe and profound sensorineural hearing loss owing to age related changes in the inner and middle ear. Hearing loss is a significant cause of disability and morbidity in the elderly population. Technological advancements such as improvements in design and placement of electrode and receiver have enhanced outcomes fostering greater device adoption. Unilateral implant business will grow at a lucrative rate during the forecast years. Unilateral CI significantly helps to restore hearing in individuals along with the promotion of auditory development. Key Insights from Cochlear Implant Systems Market :
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Bilateral implant business is poised to grow at a rapid pace. The use of two implants is a relatively new practice and is gaining grounds as it provides the user with benefits of left-right discrimination of sound location. Adult business segment held significant industry share owing to the increasing ageing population base having a higher susceptibility towards age induced hearing loss. Pediatric business segment is slated to exhibit lucrative growth. Spur in number of children being diagnosed with profound hearing loss as a result of new born screening programs will boost growth. India cochlear implant systems market presents a lucrative future opportunity owing to the presence of a large patient pool and low market penetration. Prominent industry players include Cochlear, MED-EL, William Demant, Sonova and Nurotron Biotechnology. Continued...
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Brazil Cochlear Implant Systems Market size, By Product, 2013-2024 (USD Million)
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Cochlear Implant Systems Market @ http://bit.ly/2HNlZ7Dhttp://bit.ly/2HNlZ7D Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/2411 https://www.gminsights.com/request-sample/detail/2411 https://www.gminsights.com/request-sample/detail/49
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