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Cochlear Implant Systems Market is observing to high growth by 2017 – 2024

Get more details @ http://bit.ly/2ppWj9v <br>Cochlear implants are the most successful neural prosthesis for facilitating functional hearing in the case of individuals afflicted with severe to profound sensorineural hearing loss.

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Cochlear Implant Systems Market is observing to high growth by 2017 – 2024

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  1. Global Cochlear Implant Systems Market valued $2.5 bn by 2024: Global Market Insights Inc.

  2. Key Insights from Cochlear Implant Systems Market : • Global Market Insights, Inc. says, Cochlear Implant Systems Market size is set to exceed USD 2.5 billion by 2024. • Increasing incidence of hearing loss in infants and adults will drive industry growth during the forecast period. • An increasing number of elderly individuals are suffering from severe and profound sensorineural hearing loss owing to age related changes in the inner and middle ear. Hearing loss is a significant cause of disability and morbidity in the elderly population. • Technological advancements such as improvements in design and placement of electrode and receiver have enhanced outcomes fostering greater device adoption. • Unilateral implant business will grow at a lucrative rate during the forecast years. Unilateral CI significantly helps to restore hearing in individuals along with the promotion of auditory development.

  3. Continued... • Bilateral implant business is poised to grow at a rapid pace. The use of two implants is a relatively new practice and is gaining grounds as it provides the user with benefits of left-right discrimination of sound location. • Adult business segment held significant industry share owing to the increasing ageing population base having a higher susceptibility towards age induced hearing loss. • Pediatric business segment is slated to exhibit lucrative growth. Spur in number of children being diagnosed with profound hearing loss as a result of new born screening programs will boost growth. • India cochlear implant systems market presents a lucrative future opportunity owing to the presence of a large patient pool and low market penetration. • Prominent industry players include Cochlear, MED-EL, William Demant, Sonova and Nurotron Biotechnology.

  4. Brazil Cochlear Implant Systems Market size, By Product, 2013-2024 (USD Million)

  5. Browse Full Market Research Report On Cochlear Implant Systems Market @ http://bit.ly/2HNlZ7D Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/2411https://www.gminsights.com/request-sample/detail/49

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