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US Market Report for Cochlear Implants 2017 - MedCore

US Market Report for Cochlear Implants 2017 - MedCore

Manufacturers of cochlear implants will differ with the numbers of electrodes. The device provides a treatment option for those with hearing loss too severe (due to loss of cochlea sensory hair cells) to be treated with standard hearing aids, as well as those with damaged middle ears but viable cochleas, who are also unable to benefit from the use of standard hearing aids or from the latest models of high powered hearing instruments. In addition to adults, cochlear implants are especially beneficial to infants and very young children with single-sided deafness who, if treated early enough, are able to develop significantly better speech skills than if they were fit with a standard hearing aid later in life with the help of speech and language therapy. The improved speech and hearing ability offered by early cochlear implantation often results in better educational performance and a higher earning potential later in life. The surgery is typically followed up with post-cochlear implant aural rehabilitation, including an auditory verbal therapist, a speech language pathologist and a deaf educator. This unit sales trend is a result of both patient awareness and patient acceptance with respect to the benefits of cochlear implants. In addition, existing unilateral patients receiving second surgical implants (bilateral – on the other side of their ear) is becoming more common. The largest limiter of this market over previous years has been the product recalls that both Cochlear and Advanced Bionics underwent. However, both companies have sufficiently recovered from the drop in sales. While growth in this market had been lower than expected, 2015 marked a year of significant sales growth for Cochlear which helped drive the overall. It is expected that the growth rate will gradually stabilize throughout the remainder of the forecast.

Cochlear implants (bionic ears) are surgically implanted electronic devices designed to treat severe to profound sensorineural hearing impairment. The cochlea is the auditory portion of the inner ear and is a spiral cavity found within the modiolus. The organ of corti, which is the sensory hearing organ found within the cochlea, is found along the partition that separates the fluid chambers of the cochlea. The cochlea implant is surgically implanted under the skin behind the ear; implantation will typically take one to four hours. The device consists of an external sound processor (selectively filtering sound), microphone and RF transducer (transmits power and processed sound signals) and a stimulator and an internal receiver located within the bone beneath the skin, which converts signals into electric impulses through electrodes and a secondary coil which relays signals via electrodes (up to 24) directly to the cochlea.


EXECUTIVE SUMMARY
U.S. HEARING AIDS AND AUDIOLOGY DEVICE MARKET OVERVIEW
COMPETITIVE ANALYSIS
MARKET TRENDS
MARKET DEVELOPMENTS
MARKETS INCLUDED
KEY REPORT UPDATES
VERSION HISTORY
RESEARCH METHODOLOGY
1.1 RESEARCH SCOPE
1.2 IDATA’S 9-STEP METHODOLOGY
Step 1: Project Initiation & Team Selection
Step 2: Prepare Data Systems and Perform Secondary Research
Step 3: Preparation for Interviews & Questionnaire Design
Step 4: Performing Primary Research
Step 5: Research Analysis: Establishing Baseline Estimates
Step 6: Market Forecast and Analysis
Step 7: Identify Strategic Opportunities
Step 8: Final Review and Market Release
Step 9: Customer Feedback and Market Monitoring
COCHLEAR IMPLANT MARKET
2.1 INTRODUCTION
2.2 PATIENT POPULATION
2.3 MARKET ANALYSIS AND FORECAST
2.4 DRIVERS AND LIMITERS
2.4.1 Market Drivers
2.4.2 Market Limiters
2.5 COMPETITIVE MARKET SHARE ANALYSIS
ABBREVIATIONS
List of Charts
Chart 1 1: Hearing Aids and Audiology Device Market by Segment, U.S., 2013 – 2023
Chart 1 2: Hearing Aids and Audiology Device Market Overview, U.S., 2013 & 2023
Chart 2 1: Cochlear Implant Installed Base and Binaural Rate, U.S., 2013 – 2023
Chart 2 2: Cochlear Implant Market, U.S., 2013 – 2023
Chart 2 3: Leading Competitors, Cochlear Implant Market, U.S., 2016
List of Figures
Figure 1 1: Hearing Aids and Audiology Device Competitor Market Share Ranking by Segment, U.S., 2016 (1 of 2)
Figure 1 2: Hearing Aids and Audiology Device Competitor Market Share Ranking by Segment, U.S., 2016 (2 of 2)
Figure 1 3: Companies Researched in this Report, U.S., 2016 (1 of 2)
Figure 1 4: Companies Researched in this Report, U.S., 2016 (2 of 2)
Figure 1 5: Factors Impacting the Hearing Aids and Audiology Device Market by Segment, U.S.
Figure 1 6: Recent Events in the Hearing Aids and Audiology Device Market, U.S., 2015 – 2016
Figure 1 7: Hearing Aids and Audiology Device Markets Covered, U.S., 2016 (1 of 2)
Figure 1 8: Hearing Aids and Audiology Device Markets Covered, U.S., 2016 (2 of 2)
Figure 1 9: Key Report Updates
Figure 1 10: Version History
Figure 2 1: Patient Population, Cochlear Implant Market, U.S., 2013 – 2023
Figure 2 2: Cochlear Implant Market, U.S., 2013 – 2023
Figure 2 3: Drivers and Limiters, Cochlear Implant Market, U.S., 2016
Figure 2 4: Leading Competitors, Cochlear Implant Market, U.S., 2016

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