(Health-NewsWire.Net, April 23, 2016 ) A cochlear implant is a surgically implanted complex electronic device that helps overcome complications in the inner ear or cochlea. This implant consists of two major components: an external component known as the sound processor and an internal component known as the implant. The sound processor receives sound waves and processes them into detailed digital information. The implant converts the digital information into electrical information, which is sent to the auditory nerve from an electrode array placed inside the cochlea. The auditory nerve sends impulses to the brain, where these sound waves are processed and interpreted.
Technavios analysts forecast the global cochlear implants market to grow at a CAGR of 14.61% during the period 2016-2020.
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Covered in this report The report covers the present scenario and the growth prospects of the global cochlear implants market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of various cochlear implants that are sold globally.
The market is divided into the following segments based on geography: APAC EMEA Americas
Technavio's report, Global Cochlear Implants Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Cochlear MED-EL Sonova William Demant
Other prominent vendors Microson Nurotron Biotechnology
Market driver Rise in product customization For a full, detailed list, view our report
Market challenge High cost For a full, detailed list, view our report
Market trend Introduction of rechargeable cochlear implant devices For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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Table Of Content
PART 01: Executive summary Highlights PART 02: Scope of the report Market overview Top-vendor offerings PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: Market landscape Market overview Market size and forecast by volume Five forces analysis PART 06: Cost analysis of cochlear implants PART 07: Geographical segmentation Cochlear implants market in Americas Cochlear implants market in EMEA Cochlear implants market in APAC PART 08: Market drivers Increase in regulatory approvals Rise in product customization Relaunch of cochlear implants PART 09: Impact of drivers PART 10: Market challenges Low adoption of cochlear implants in US High cost Problems in cochlear implant batteries
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