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Cochlear Implant Systems Market Size by Product (Unilateral Implant, Bilateral Implant) and End-user (Adult, Paediatric), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022-2030

  • Report ID: GMI2411
  • Base Year: 2021
  • Report Format: PDF

Industry Overview

Cochlear Implant Systems Market was valued at over USD 1.4 billion in 2021 and is expected to witness a 7.4% CAGR from 2022 to 2030 owing to increased investment in research and development activities, as well as the introduction of new technologies. Further, continued technological advancement in cochlear implants will boost the market growth in upcoming years.
 

cochlear implant systems market outlook

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For instance, in December 2020, Sonova Holding Ag, a leading provider of hearing solution, introduced marvel hearing technology for cochlear implant wearer. Hence, growing number of product launches coupled with technological collaboration are augmenting the industry expansion.
 

Moreover, advancement in cochlear implants is bringing a wide range of hearing solutions that can provide a lifetime of hearing. These innovative devices connect sound processors to Smart Apps, allowing users to regulate volume using their smartphones. The enhancement of technology in the field of cochlear implants has improved sound quality and the capacity to hear speech. Furthermore, even in a noisy setting, these modern devices can function well.
 

The COVID-19 infection has negatively impacted the sales of cochlear implants in 2020. The audiology surgery and treatment services were restricted as drilling in the mastoid cavity posed a high risk of infection during neurotological (subclass of ENT) surgeries. This led to the screening of patients for COVID-19 prior to surgery, further delaying surgeries. Additionally, appointments for the therapy process after cochlear implant surgery were also delayed or postponed.
 

Though cochlear implant users frequently require regular appointments to audiology clinics in order to enhance benefits from the cochlear implant, that include monitoring of performance through speech perception testing, programming adjustments, counselling regarding expectations, and communication strategies. However, significant decline in number of COVID-19 cases, reduction of certain restrictions will aid in recovering the cochlear implant system market revenue in the upcoming years.
 

A cochlear implant system is a neuro prosthesis device that delivers a modified sense of sound to a person with sensorineural hearing loss. The electronic device stimulates the cochlear nerve and has external and internal parts.
 

Increasing geriatric population base will drive the market growth during the projected period

Elderly population base is more likely to suffer from impaired hearing due to anatomic and functional changes. Thus, expanding geriatric population base will act as high impacting factor in the cochlear implant system market growth. As per the World Population Prospects data, elderly population base aged 60 years and more is estimated to double and triple by 2050 and 2100 respectively.
 

Adding to this, according to the UN statistics, population aged 60 years and above is projected to increase to more than 2 billion in 2050 from 962 million in 2017, growing at 3% per year. The older population aged 80 years and above is projected to grow at a much faster rate than the younger population. The elderly cochlear implant receivers can benefit significantly from cochlear implantation.
 

Increasing demand for low-cost products for the treatment will augment the market demand

cochlear implant systems market by product  

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The unilateral implant segment dominated the market in 2021 and is expected to expand at 7.4% CAGR through 2030 due to technological advancements and launch of new innovative products. For instance, in January 2022, Cochlear Limited, received U.S. FDA approval to its Cochlear Nucleus implants designed for the management of single-sided deafness or unilateral hearing loss (UHL). Hence, such product development will accelerate the cochlear implant system market share in upcoming years.
 

Furthermore, rising prevalence of single-sided deafness is projected to drive demand for the product over the projected period. Every year, approximately 60,000 people in the U.S. are diagnosed with single-sided deafness. The most common cause of single-sided deafness is genetics; however, it can also be caused by illness or ear injury. Therefore, increasing patient pool will boost demand for unilateral cochlear implants.
 

Expanding geriatric population base and rising incidence of impaired hearing will increase the demand for cochlear implants

Based on end-use industry the adult segment was valued over USD 850 million in 2021 owing to the growing geriatric population base that is more susceptible to hearing issues. According to the WHO, people aged 80 years or older that were around 125 million in 2018 and are projected to reach 2 billion by 2050.
 

Additionally, according to the World Bank, in 2019 the people aged 65 years and above were around 9% of the total population. Thus, increasing hearing loss among adult population will augment the segmental growth. Moreover, as per NIDCD, age is a considerable factor contributing to hearing loss with the maximum amount of hearing loss identified in people aged 60 to 69 years.
 

Surge in prevalence of hearing loss will positively impact the market size in the North America

North America cochlear implant systems market

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North America cochlear implant systems market held over 40% share in 2021 owing to the supportive approval system for cochlear implants in the U.S. The presence of significant players as well as technological advancements in the field of cochlear implants will propel the regional market growth. Furthermore, rising prevalence of hearing loss or impaired hearing among the population coupled with rising adoption of improved cochlear implant devices, will drive the market growth.
 

According to the Centers for Disease Control and Prevention, around 6,000 infants in the U.S. were diagnosed with permanent hearing loss at an early age. Furthermore, rising geriatric population base, that is more susceptible to hearing loss is expected to further augment product demand. As a result, considerable improvements in clinical outcomes, along with an expanding patient pool, are likely to drive market for cochlear implant systems during the forecast period.
 

Major market players are innovating their products to cater to rising product demand

Some of the major players operating in cochlear implant systems industry are Cochlear Ltd., MED-EL Medical Electronics, Nurotron Biotechnology Company Ltd, Demant A/S, Sonova. These players are continuously developing their products and are continuously involved in research and development activities. High investment towards research and development activities is leading to introduction of next generation cochlear implants in the industry.
 

Some of the recent industry developments: 

  • In April 2021, Zhejiang Nurotron Biotechnology Co., Ltd received CE certification from BSI Notified Body for its new cochlear implant technology Enduro System. This has helped the company to enhance its product offering and maintain its market position.
     
  • In October 2020, MED-EL, announced collaboration with Paracelsus Medial University Salzburg for the clinical testing of cochlear implants to deliver improvement in healing factor through implantation. This collaboration has helped company to understand in-depth function of hearing implant as well as its assistance in healing.
     

Thr global cochlear implant systems market report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2022 to 2030 for the following segments:

By Product                        

  • Unilateral implant
  • Bilateral implant

By End-user

  • Adult
  • Pediatric

The above information is provided for the following regions and countries:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Sweden
    • Denmark
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
       
Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

The global cochlear implant systems industry share was over USD 1.4 billion in 2021 and is poised to record a 7.4% CAGR through 2030 with rising number of investments in R&D, along with the influx of new technologies.

The market for unilateral implants is poised to expand at more than 7.4% CAGR through 2030 due to consistent technological advancements and the launch of new innovative products.

The cochlear implant systems market share from the adult end-user segment crossed USD 850 million in 2021 due to the expanding geriatric population base that is more susceptible to hearing issues.

North America captured more than 40% of the cochlear implant systems market share in 2021 and will see expansion with the robust presence of significant players and the rising prevalence of hearing loss among the regional population.

Major providers of cochlear implant systems worldwide include Nurotron Biotechnology Company Ltd, Sonova, Cochlear Ltd., MED-EL Medical Electronics, and Demant A/S.

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Premium Report Details

  • Published Date: May 2022
  • Companies covered: 5
  • Tables & Figures: 77
  • Countries covered: 21
  • Pages: 100

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