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 amplificati