Regional Analysis

Binaural Cochlear Implant Market – Regional Analysis

On the basis of region, the global binaural cochlear implant market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to hold dominant position in the global binaural cochlear implant market over the forecast period, owing to increasing prevalence of hearing loss in the populace. For instance, according to a report published by the Hearing Loss Association of America, 2017, around 48 million people reported some degree of hearing loss in U.S. in 2017. Furthermore, according to The Hearing Review, in January 2018, 3.65 million hearing aid units were dispensed in the U.S. in 2017.

Additionally, Asia Pacific is expected to witness significant growth in the market, owing to expansion strategies of key players and increasing prevalence of hearing loss in the region. For instance, in May 2018, Cochlear ltd., Australia based cochlear implant manufacturer has expanded its first manufacturing facility in China through collaboration with Apple Inc., for creating technology that streams sound direct from iPhones to enhance users’ hearing capabilities