- HealthTech
- Tuesday, 05 Jan 2021
Astonishing Growth of Europe Cochlear Implants Market Trends, Demand, Share, Analysis To 2027 by Leading Players Sonova, Nurotron Biotechnology Co. Ltd., Medtronic, Demant A/S, Starkey, WIDEX A/S, Amplifon, GN Hearing A/S
The healthcare industry is undergoing rapid transformations since a few years now. Various technological improvements have been witnessed in the segments including diagnosis and treatment options for chronic diseases. The increase in incidences of chronic illnesses and the increasing ageing population are the primary factors fuelling the growth of healthcare segment.
The Europe Cochlear Implants market is growing along with the healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The Europe Cochlear implants market is expected to reach US$ 1,076.4 Mn in 2027 from US$ 404.5 Mn in 2019. The market is estimated to grow with a CAGR of 11.6% from 2020-2027.
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The elderly people are more likely to have a hearing disability than younger people, and the effect of the disease on quality of life is particularly deep in this population. With an increase in the number of an aging population, the prevalence of hearing disorders has increased. Therefore, the demand for cochlear implants is expected to increase during the forecast period.
These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for Cochlear Implants assays in the market.
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EUROPE COCHLEAR IMPLANTS – MARKET SEGMENTATION
By Type Of Fitting
- Unilateral Cochlear Implantation
- Bilateral Cochlear Implantation
EUROPE COCHLEAR IMPLANTS – MARKET SEGMENTATION
By End User
- Adults
- Pediatrics
By Country
- France
- Germany
- U.K.
- Spain
- Italy
Companies Mentioned
- Cochlear Ltd.
- MED-EL
- Sonova
- Nurotron Biotechnology Co. Ltd.
- Medtronic
- Demant A/S
- Starkey
- WIDEX A/S
- Amplifon
- GN Hearing A/S
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