ARTIFICIAL COCHLEA MARKET ANALYSIS

Regional Analysis

Artificial Cochlea Market – Regional Analysis

Geographically, the market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. North America holds the dominant position in artificial cochlea market. North America artificial cochlea market is expected to witness lucrative growth opportunities during the forecast period, owing to increasing prevalence of hearing loss cases and presence of various key players in these region offering advanced and innovative product solution. For instance, according to National Institute of Deafness and Other Communication Disorders (NIDCD), March 2017, data findings, as of December 2012, around 324,200 registered devices have been implanted worldwide. In the U.S., roughly 58,000 devices have been implanted in adults and 38,000 in children.

Asia Pacific region is expected to witness significant growth in artificial cochlea market, owing to increasing incidence of hearing loss cases and increasing initiatives by government organization in reducing the disorder burden. For instance, in June 2017, the Karnataka State Health Department launched the Cochlear Implant Project under the ‘Deafness Free Karnataka’. The program launched under the National Health Mission, Department of Health and Family Welfare Services and implemented through Suvarna Arogya Suraksha Trust (SAST) under Rashtriya Bal Swasthya Karyakrama (RBSK). As a part of program, children with severe or profound hearing loss are treated free of cost. Children between 8 months to 6 years are eligible for the Cochlear implants.