Cochlear Implant Market Size, Share & Trends Report

Cochlear Implant Market Size, Share & Trends Analysis Report By Type Of Fitting (Unilateral Implants, Bilateral Implants), By End-use (Adult, Pediatric), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Jun, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-1-68038-720-9
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 80

Report Overview

The global cochlear implant market size was valued at USD 1.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2021 to 2028. The growing geriatric population and increase in adoption due to technological advancements are expected to drive the growth of the market. Several initiatives being undertaken by the governments and various organizations to support research and increase the adoption of cochlear implants are expected to boost the market growth in the coming years.

U.S. cochlear implant market size, by type of fitting, 2016 - 2028 (USD Million)

Several government initiatives are being undertaken by governments and various organizations to support research and increasing adoption of cochlear implants are expected to drive market growth in the coming years. For instance, investigators were invited to submit proposals for research grants by the American Cochlear Implant (ACI) Alliance in February 2017. This project is being funded by ACI Alliance as a collaborative venture with other supportive parties, offering funds up to USD 150,000 per year for a maximum of 3 years.

The onset of COVID-19 imposed restrictions on audiology surgery and treatment services. While drilling in the mastoid cavity, the probability of aerosolizing the virus posed a greater risk of contamination during neurotological (subcategory of ENT) surgeries. This led to the screening of patients for COVID-19 prior to surgery, which delayed surgeries. Moreover, appointments for the rehabilitation process after a cochlear implant surgery were also postponed or delayed. However, surgeries resumed gradually at a different pace in accordance with the relaxations on COVID-19 restrictions in different countries.

Type of Fitting Insights 

The unilateral implants segment dominated the market and accounted for the largest revenue share of 87.0% in 2020 due to high demand for unilateral implants owing to easier reimbursement of these devices, their lower cost when compared to bilateral implants, shorter surgery duration, and low anesthesia requirement. Based on the type of fitting, the market has been segmented into unilateral and bilateral implants.

COVID-19 cochlear implant market impact: 9% growth from 2019 to 2020

Pandemic Impact

Post COVID Outlook

Along with users, the pandemic has also affected the manufacturers of cochlear implants. The global logistics and supply chains were adversely affected by the pandemic, creating hindrance pertaining to company operations, including raw material procurement, manufacturing, and distribution & sales.

With the relaxation of COVID-19 restrictions, counties such as China, U.K., Spain, Germany, and the U.S. witnessed a slow increase in surgery volumes. Thus, the demand for cochlear implants is anticipated to normalize in the second half of 2021.

Although the pandemic affected cochlear implant surgery and associated services, it also led to new research initiatives. For instance, in July 2020, ENT surgeons and researchers at the Nottingham University Hospitals developed a personal protective equipment solution specifically for cochlear implantation surgeries that helped reduce the delay in the surgery.

Technological advancement, increasing investment in R &D by key players, and telehealth audiology care are expected to aid the market growth during the forecast period.

 

However, the bilateral implants segment is expected to witness lucrative growth during the forecast period, which can be attributed to its cost-effectiveness when implanted in children as these will be implanted for a longer duration as compared to the geriatric population. Additionally, the ability of these devices to recognize speech in noise is expected to increase the demand for bilateral implants. 

End-use Insights

The adult segment dominated the market and accounted for the largest revenue share of 60.0% in 2020 due to a larger affected population of the elderly. However, the pediatric segment is expected to grow at the fastest rate during the forecast period. Based on end-use, the cochlear implant market has been segmented into adult and pediatric.

According to National Institute on Deafness and Other Communication Disorders (NIDCD), in 2016, more than 37.5 million or 15% of the adults in the U.S. reported having difficulty with their hearing. In addition, age is a significant factor contributing to hearing loss with the highest amount of hearing loss observed in people aged 60 to 69, as per NIDCD.

Regional Insights

Europe dominated the market and accounted for the largest revenue share of 39.5% in 2020 due to growing awareness about hearing aids, availability of clinics for speech therapy, and favorable coverage for unilateral and bilateral cochlear implantation. However, Asia Pacific is expected to grow at the fastest rate during the forecast period. This can be attributed to the rapidly increasing geriatric population coupled with rising awareness about cochlear implants and the local presence of key market players in the region.

Global cochlear implant market share, by region, 2020 (%)

The growth of the market can majorly be attributed to the presence of an advanced healthcare system in the European Union. The system allows children to receive cochlear implants before their first birthday. For instance, state finance to the health system allows around 95.0% of the children to benefit from a unilateral cochlear implant, whereas the comparable figure for the U.S. is merely 50.0%. Bilateral implants are the most preferred implants for pediatric patients due to higher cost-effectiveness, whereas adults prefer unilateral implantation in most countries of the region.

Key Companies & Market Share Insights

The market is consolidated with the presence of few established players. Product launches and research initiatives for expansion of product portfolios are the key strategic undertakings of these companies to increase market share. In December 2020, Sonova launched two new sound processors, Sky CI Marvel and Naída CI Marvel, after receiving approval from the U.S. FDA to expand its product offerings. Some of the prominent players in the cochlear implant market include:

  • Cochlear Ltd.

  • Sonova

  • MED-EL Medical Electronics

  • Demant A/S

  • Nurotron Biotechnology Co. Ltd.

Cochlear Implant Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 1.9 billion

Revenue forecast in 2028

USD 4.0 billion

Growth rate

CAGR of 10.5% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type of fitting, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; Germany; U.K.; France; Italy; Spain; Japan; China; India; Brazil; Mexico; Argentina; South Africa

Key companies profiled

Cochlear Ltd; Sonova; MED-EL Medical Electronics; Demant A/S; Nurotron Biotechnology Co. Ltd.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report
 

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global cochlear implant market report on the basis of type of fitting, end-use, and region:

  • Type Of Fitting Outlook (Revenue, USD Million, 2016 - 2028)

    • Unilateral Implants

    • Bilateral Implants

  • End-use Outlook (Revenue, USD Million, 2016 - 2028)

    • Adult

    • Pediatric

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa (MEA)

      • South Africa

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