According to a research report titled ‘Cochlear Implant Systems Market Size By Product (Unilateral Implant, Bilateral Implant), By End-user (Adult, Pediatric), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021-2027’, available with MarketStudyReport, cochlear implant systems market is anticipated to garner notable returns by 2027.
 

Rising occurrence of hearing loss globally, and technological advances are likely to strengthen the cochlear implant systems market growth trends. Also, supportive government policies, and booming geriatric populace will create new opportunities for the industry partakers.  
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/859982/
 

Based on product landscape, the industry is bifurcated unilateral implants, and bilateral implants. Among these, bilateral implants segment was valued USD 130 million in 2020 and is expected to expand significantly between 2021 and 2027, owing to presence of two implants that provide better speech understanding, enhancing the quality of life for people who have complete or partial hearing loss.
 

On the basis of end-user, the market is segmented into adult, and pediatric. Out of these two, the adoption of cochlear implant devices in the pediatric segment is expected to grow at a CAGR of over 6.9% through 2027, due to an increase in the number of children with hearing disability.  
 

Considering geographical landscape, cochlear implant systems market is studied across North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, Sweden, Denmark), Asia Pacific (China, India, Japan, Australia), Latin America (Brazil, Mexico, Argentina, Chile, Colombia), and Middle East & Africa (South Africa, Saudi Arabia, UAE).
 

As per the repot, North America industry was worth USD 500 million in 2020 and is expected to grow significantly between 2020 and 2027, due to increased awareness about many types of cochlear implant technologies as well as expanding demand for these systems. 
 

Speaking of the competitive arena, key players in cochlear implant systems marketplace are Nurotron Biotechnology Company Ltd., Cochlear Ltd., MED-EL Medical Electronics, Sonova Holding AG, and Demant A/S.