A research study titled, “Cochlear Implants Market by Type and End User – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the cochlear implants market is projected to be around $3 billion by 2025.

A cochlear implant is a device which delivers electrical stimulation to the auditory nerve present in the inner ear. Children and adults affected by profound hearing loss who cannot use hearing aids can be helped with cochlear implants. Hearing loss can arise from hereditary as well as non-hereditary factors or due to certain complications during childbirth or pregnancy. Acquired causes of hearing loss may include infectious diseases such as meningitis, measles or other chronic ear infections. The major impact of hearing loss is on an individual’s ability to communicate with others which in turn, may have social and emotional impact such as feeling of isolation, frustration and loneliness. As per the data revealed by WHO, in February 2017, around 360 million people worldwide are suffering from hearing loss, of which 32 million are children. Nearly one third of people over 65 years of age are suffering from disabling hearing loss.

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Key Findings of the Research Study:

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.
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