The Artificial Cochlea Market Is Estimated To Increase At A CAGR Of 10.6 Percent During The Forecast Period

An Artificial Cochlea is a deaf patient's neuroprosthetic device that is surgically inserted into their ears. These implants bypass the acoustic hearing process to convert sounds to electric signals that stimulate the auditory nerve and provide a hearing. The expanding senior population in both developed and developing economies is driving up demand for cochlear implants.


The Artificial Cochlea Market registered a global value of $1.5 billion in 2019. In line with growing awareness of hearing impairment, the global cochlear implant market is projected to grow at a CAGR of 10.6% through 2020-2027. The adult population is the most important end-user sector in the Artificial Cochlea Market, with a CAGR of 8.21 per cent expected through 2025. One of the primary factors driving growth in the market is the increasing density of the senior population.


Manufacturers are developing hybrid miniaturized systems for high-frequency electrical stimulation and low-frequency acoustics amplification. Integrating such systems into cochlear implants will likely increase prospective customers, resulting in an increased Artificial Cochlea Market. In addition, manufacturers of cochlear implant devices are releasing mobile phone applications that allow users to manage their devices. Users can track many characteristics of the gadget, such as battery life, power usage, and efficiency levels, using such mobile applications. As a result, advancements in the software industry contribute significantly to the worldwide cochlear implant market's growth.


Due to increased awareness of hearing aids, the availability of clinics for speech therapy, and excellent coverage for unilateral and bilateral Artificial Cochlea Market, Europe dominated the market. They accounted for 39.5 percent of revenue in 2020. During the projected period, however, Asia Pacific is expected to increase at the quickest rate. This is due to the region's fast-growing senior population, increased awareness of cochlear implants, and important market competitors in the region. In addition, a sophisticated healthcare system in the European Union is largely responsible for the market's growth. Children can get cochlear implants before they turn one year old because of this system.


Cochlear LtdMED-EL, Sonova Holding AG, and Advanced Bionics AG are the major key players in the Artificial Cochlea Market.

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