Cochlear Implant (CI) System Market
Cochlear Implant (CI) System Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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Cochlear Implant (CI) System Market Size and Growth
The global Cochlear Implant (CI) System market is projected to witness significant growth in the coming years due to increasing prevalence of hearing loss and advancements in technology. The market is estimated to be valued at $2.5 billion in 2021, with a CAGR of 9.2% from 2021 to 2026.
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Companies Covered (Covid 19 Impact Covered)
◍ Cochlear
◍ MED-EL
◍ Advanced Bionics (Sonova)
◍ Oticon (William Demant)
◍ Hangzhou Nurotron
◍ Listent Medical
The global Cochlear Implant (CI) System Market is highly competitive, with key players such as Cochlear, MED-EL, Advanced Bionics (Sonova), Oticon (William Demant), Hangzhou Nurotron, and Listent Medical. These companies develop, manufacture, and market CI systems designed to treat hearing loss. They contribute towards the growth of the market by constantly innovating and expanding their product offerings.
- Cochlear reported sales revenue of $1.54 billion in 2020.
- MED-EL reported sales revenue of $309 million in 2020.
- Advanced Bionics (Sonova) reported sales revenue of $312 million in 2020.
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Market Segmentation
By Application
Adult
Pediatric
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By Product
Unilateral Cochlear Implant
Binaural Cochlear Implant
Market Growth
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$ X Billion USD
