Cochlear implant systems market growth to be driven by supportive regulatory norms worldwide
Date: 2018-06-19   Author: Sunil Hebbalkar  Category: #market

Cochlear implant systems market growth to be driven by supportive regulatory norms worldwide

The growing prevalence of hearing loss disorders among the youth and the elderly will drive cochlear implant systems market share. Reportedly, since these devices enhance hearing capability, especially among children, regulatory bodies are encouraging the masses to adopt the same to secure impartial employment and educational opportunities.

Five trends pushing cochlear implant systems industry share:

  • As per estimates, bilateral cochlear implant systems industry is poised to witness a remarkable growth rate over the ensuing years. The rising demand for these products to boost speech perception and localization and ensure accurate hearing ability will impel the industry size.
  • The rise in the prevalence of hearing loss among the elderly is reportedly generating lucrative business avenues for the giants in cochlear implant systems market. In order to obtain immediate benefits from the implantation procedure, adults have emerged as a profitable end-user segment in cochlear implant systems market.
  • Aided by a supportive regulatory framework, U.S. covered a significant proportion of the regional cochlear implant systems market share in 2016. Surging investments in healthcare infrastructure development along with the growing availability of highly skilled professionals across U.S. will stimulate the industry growth over the years ahead.
  • India is emerging as one of the lucrative business grounds for cochlear implant systems market, owing to a significantly huge customer base. The cost-effectiveness of these devices across India is one of the factors supporting the growth of APAC cochlear implant systems industry.
  • The deployment of numerous regulatory norms related to hearing therapy will fuel Brazil cochlear implant systems market size. The government is encouraging people to undergo hearing therapy with sufficient financial support, propelling the regional product demand.

Owing to the presence of renowned contributors, the competitive hierarchy of cochlear implant systems market has evolved to be quite fierce, apparently. Some of the biggies partaking in cochlear implant systems industry are Nurotron Biotechnology, William Demant, Cochlear limited, Sonova, and MED-EL.

About Author

Sunil Hebbalkar

Sunil Hebbalkar

Sunil currently works as an content writer at AlgosOnline. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development department before switching his professional genre. Foll...

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