Cochlear implants market to grow by USD 811.6 million from 2022 to 2027- Technavio

NEW YORK, Aug. 29, 2023 /PRNewswire/ — The cochlear implants market to grow by USD 811.6 million at a CAGR of 8.62% from 2022 to 2027, according to the latest research report from Technavio. Discover Health Care Equipment industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

Company Landscape

The global cochlear implants market is fragmented, with many international players such as Cochlear, Sonova and MED EL providing hearing aids with high functionality and compact designs. With growing advances in technology and product innovation, the competition in the market is intensifying. The cochlear implant market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Company Offerings

  • Amplifon SpA – The company offers cochlear implants under the subsidiary GAES. 
  • Cochlear Ltd. – The company offers cochlear implants such as the Nucleus system. 
  • Envoy Medical Corp. – The company offers cochlear implants such as Acclaim. 

For market’s vendor landscape highlights with a comprehensive list of vendors and their offerings – View Sample in minutes

Key Market Segmentation

This cochlear implants market report extensively covers market segmentation by end-user (adult and pediatric), product (unilateral and bilateral), and geography (North America, Europe, Asia, and Rest of World (ROW)).

  • The unilateral segment will be significant during the forecast period. This segment involves the implantation of a cochlear implant in one ear and although bilateral implantation offers benefits, personal preference or significant residual hearing in the non-implanted ear are factors increasing the adoption of unilateral implantation. For instance, in the Netherlands, adults with eligibility for cochlear implantation generally receive reimbursement only for one cochlear implant. Hence, such factors fuel the unilateral segment during the forecast period.

View Sample Report in minutes for more highlights into the market segments.

Regional Market Outlook

  • North America will contribute 35% to the growth of the global market during the forecast period. The growth of the regional market is attributed to the availability of favorable reimbursements; the introduction of innovative and advanced products; and the growing adoption of such products. Additionally, growing initiatives to improve awareness, the expansion of field sales organizations and direct-to-consumer (DTC) marketing, and enhanced sales-force effectiveness are also boosting the market growth in the region. Hence, such factors fuel the regional market growth during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

What’s New? –

  • Special coverage on the RussiaUkraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
  • Global competitiveness and key competitor positions
  • Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Companies Mentioned

  • Amplifon SpA
  • Cochlear Ltd.
  • Envoy Medical Corp.
  • iotaMotion Inc.
  • MED EL Elektromedizinische Gerate GmbH
  • Medtronic Plc
  • Neubio AG
  • Olympus Corp.
  • Oticon Medical AS
  • Ototronix LLC
  • Shanghai Lishengte Medical Technology Co. Ltd.
  • Sonova AG
  • Starkey Laboratories Inc.
  • The Cochlear Implant Group India
  • TODOC Co. Ltd.

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The ocular implants market size is expected to increase by USD 1.82 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.26%. 

The nasal implants market size is expected to increase to USD 312.05 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.26%. 

Cochlear Implants Market Scope

Report Coverage


Base year


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 8.62%

Market growth 2023-2027

USD 811.6 million

Market structure


YoY growth 2022-2023(%)


Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 35%

Key countries

US, Mexico, Germany, France, and China

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Amplifon SpA, Cochlear Ltd., Envoy Medical Corp., iotaMotion Inc., MED EL Elektromedizinische Gerate GmbH, Medtronic Plc, Neubio AG, Olympus Corp., Oticon Medical AS, Ototronix LLC, Shanghai Lishengte Medical Technology Co. Ltd., Sonova AG, Starkey Laboratories Inc., The Cochlear Implant Group India, TODOC Co. Ltd., and ZHEJIANG NUROTRON BIOTECHNOLOGY CO. LTD.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:


1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End user

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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