Asia Pacific Cochlear Implants Market Size and Competitive Analysis by 2027

Historic Data: 2016-2017   |   Base Year: 2018   |   Forecast Period: 2019-2027

Asia Pacific Cochlear Implants Market to 2027- Regional Analysis and Forecasts By Type of Fitting (Unilateral Implantation, Bilateral Implantation) and By End User (Adults, Pediatrics) and Country

  • Report Code : TIPRE00007979
  • Category : Life Sciences
  • No. of Pages : 112
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The Asia Pacific Cochlear implants market is expected to reach US$ 833.1 Mn in 2027 from US$ 291.6 Mn in 2018. The market is estimated to grow with a CAGR of 12.5% from 2019-2027.

The growth of the market is driven by factors such as the rising number of the elderly population in the Asia Pacific and the increasing incidence of hearing loss in the Asia Pacific region whereas the high cost associated with cochlear surgery is likely to have a negative impact on the growth of the market in the coming years.

Hearing loss among the old age population is a growing public health concern worldwide. As per the United Nations, Economic and Social Commission for Asia and the Pacific (ESCAP) report on aging, around one in four people in the Asia Pacific region will be 60 years old or more by 2050. The report mentioned that the number is expected to double from 535 million in 2015 to around 1.3 billion in 2050. Furthermore, it also reported that the oldest population (80 years or older) is also rising. The oldest population in 2016 was 1.5 percent (68 million) of the total population. This proportion is estimated to triple to 5.0% (258 million) by 2050.

Furthermore, as per the Population Census 2011, the number of old age people in India was 104 million. However, the United Nations Population Fund and HelpAge India report are estimated to grow to 173 million by 2026. Similarly, China’s population is aging at a much faster rate than other low- and middle-income countries in the Asia Pacific region. The world health organization’s China country assessment report on aging and health reported that the number of people aged 60 years and over would increase from 12.4% in 2010 to 28% in 2040.

The elderly people are more likely to have a hearing disorder than younger people, and the outcome of the disability on quality of life is particularly deep in this population. Thus, 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.

The rising number of the geriatric population in India is expected to drive cochlear implants market growth as they are more prone to hearing disorders. India's cochlear implant devices market offers a lucrative future opportunity due to the presence of a large number of patient population and low market penetration. The expenses for cochlear implant surgery is less in India as compared to other countries such as U.S., UK, UAE, and others. The low surgery costs attract a large number of medical tourists leading to a high device demand. Thus, creating lucrative opportunities and the presence of an established market for cochlear implants.

Rest of Asia Pacific Cochlear implants market Revenue and Forecasts to 2027 (US$ Mn)

  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.


ASIA PACIFIC COCHLEAR IMPLANTS – MARKET SEGMENTATION

By Type Of Fitting

  • Unilateral Cochlear Implantation
  • Bilateral Cochlear Implantation

ASIA PACIFIC 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

Asia Pacific Cochlear Implants Report Scope

Report Attribute Details
Market size in 2018 US$ 291.6 Million
Market Size by 2027 US$ 833.1 Million
Global CAGR (2019 - 2027) 12.5%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Type of Fitting
  • Unilateral Implantation
  • Bilateral Implantation
By End User
  • Adults
  • Pediatrics
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Cochlear Ltd.
  • MED-EL
  • Sonova
  • Nurotron Biotechnology Co. Ltd.
  • Medtronic
  • Demant A/S
  • Starkey
  • WIDEX A/S
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
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    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    Type of Fitting and By End User and Country

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    Australia, China, Japan, South Korea

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    Asia Pacific Cochlear Implants Market
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    The List of Companies in Asia Pacific Cochlear Implants Market

     

    1. Cochlear Ltd.
    2. MED-EL
    3. Sonova
    4. Nurotron Biotechnology Co. Ltd.
    5. Medtronic
    6. Demant A/S
    7. Starkey
    8. WIDEX A/S
    9. Amplifon
    10. GN Hearing A/S
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