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05-31-2015, 06:03 AM
Cochlear Implants market in the US to grow at a CAGR of 15.21% During 2015
A cochlear implant is a surgically-implanted device that helps overcome complications in the inner ear or cochlea. The cochlea is a snail-shaped curled tube which is positioned in the area of the ear where nerves are present. A cochlear implant consists of two major components: An external component and an internal component. The external component includes a microphone, a speech processor (a computer), and a transmitter.
Cochlear Implants market in the US to grow at a CAGR of 15.21 percent over the period 2014-2019. (http://www.marketresearchstore.com/report/cochlear-implants-market-in-the-us-2015-2019-3601#reportTableOfContent)
The internal component includes a receiver/stimulator, and an electrode array. The sound processor receives sound waves and processes them into detailed digital information. The implant changes the digital information into electrical information, which is sent to the auditory nerve from an electrode array placed inside the cochlea. Candidacy for an implant is based on two primary factors given below:
Severity of the hearing loss
Inability of the patient to recognize speech with or without hearing aids
Covered in this Report
This report covers the present scenario and the growth prospects of the Cochlear Implants market in the US for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of various cochlear implants that are available in the US.
Request For Sample Report Here:
http://www.marketresearchstore.com/report/cochlear-implants-market-in-the-us-2015-2019-3601#requestSample
Cochlear Implants Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Cochlear Implants market in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Vendors
Cochlear
MED-EL
So**va Holding
William Demant Holding
Market Driver
Increase in Product Customization
For a full, detailed list, view our report
Market Challenge
High Cost of Cochlear Implant Devices
For a full, detailed list, view our report
Market Trend
Increase in Number of Product Launches and Approvals
For a full, detailed list, view our report
One of the major trends upcoming in this market is the increase in the number of product launches and approvals. Moreover, Iincreasing product extensions and an increase in M&A among existing market leaders are some of the factors currently intensifying market competition. The market in the US is expected to post a CAGR of 15.21 percent during the period 2014-2019.
The market is expected to be driven by developments in diag**stic techniques, the introduction of new surgical products that preserve residual hearing, and new government programs in many developing countries. Research needs to be expanded in order to develop cosmetically appealing cochlear implant devices, particularly for the younger population.
Moreover, there is large scope for improvement of the design of cochlear implant electrodes in order to preserve existing hearing at low frequencies, provide a truer representation of the original signal, and improve the overall health of the auditory nerve.
“In the US, most leading cochlear implant device manufacturers have customized their product lines in order to appeal more to consumers and stay ahead of the competition,” says Faisal Ghaus.
Several cochlear implant vendors are addressing the needs of the aging population by developing products that increase the quality of digital sound.”
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A cochlear implant is a surgically-implanted device that helps overcome complications in the inner ear or cochlea. The cochlea is a snail-shaped curled tube which is positioned in the area of the ear where nerves are present. A cochlear implant consists of two major components: An external component and an internal component. The external component includes a microphone, a speech processor (a computer), and a transmitter.
Cochlear Implants market in the US to grow at a CAGR of 15.21 percent over the period 2014-2019. (http://www.marketresearchstore.com/report/cochlear-implants-market-in-the-us-2015-2019-3601#reportTableOfContent)
The internal component includes a receiver/stimulator, and an electrode array. The sound processor receives sound waves and processes them into detailed digital information. The implant changes the digital information into electrical information, which is sent to the auditory nerve from an electrode array placed inside the cochlea. Candidacy for an implant is based on two primary factors given below:
Severity of the hearing loss
Inability of the patient to recognize speech with or without hearing aids
Covered in this Report
This report covers the present scenario and the growth prospects of the Cochlear Implants market in the US for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of various cochlear implants that are available in the US.
Request For Sample Report Here:
http://www.marketresearchstore.com/report/cochlear-implants-market-in-the-us-2015-2019-3601#requestSample
Cochlear Implants Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Cochlear Implants market in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Vendors
Cochlear
MED-EL
So**va Holding
William Demant Holding
Market Driver
Increase in Product Customization
For a full, detailed list, view our report
Market Challenge
High Cost of Cochlear Implant Devices
For a full, detailed list, view our report
Market Trend
Increase in Number of Product Launches and Approvals
For a full, detailed list, view our report
One of the major trends upcoming in this market is the increase in the number of product launches and approvals. Moreover, Iincreasing product extensions and an increase in M&A among existing market leaders are some of the factors currently intensifying market competition. The market in the US is expected to post a CAGR of 15.21 percent during the period 2014-2019.
The market is expected to be driven by developments in diag**stic techniques, the introduction of new surgical products that preserve residual hearing, and new government programs in many developing countries. Research needs to be expanded in order to develop cosmetically appealing cochlear implant devices, particularly for the younger population.
Moreover, there is large scope for improvement of the design of cochlear implant electrodes in order to preserve existing hearing at low frequencies, provide a truer representation of the original signal, and improve the overall health of the auditory nerve.
“In the US, most leading cochlear implant device manufacturers have customized their product lines in order to appeal more to consumers and stay ahead of the competition,” says Faisal Ghaus.
Several cochlear implant vendors are addressing the needs of the aging population by developing products that increase the quality of digital sound.”
The post Cochlear Implants market in the US to grow at a CAGR of 15.21% During 2015 (http://www.medgadget.com/2015/05/cochlear-implants-market-us-grow-cagr-15-21-2015.html) appeared first on Medgadget (http://www.medgadget.com).
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