Cochlear Implant System Market Revenue to Cross USD 2.2B by 2027: Global Market Insights, Inc.
SELBYVILLE, Del., Feb. 25, 2021 /PRNewswire/ --According to the latest report "Cochlear Implant System Market by Product (Unilateral Implant, Bilateral Implant), End-user (Adult, Pediatric), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027", by Global Market Insights, Inc., the market valuation of cochlear implant systems will cross $2.2 billion by 2027.
- SELBYVILLE, Del., Feb. 25, 2021 /PRNewswire/ --According to the latest report "Cochlear Implant System Market by Product (Unilateral Implant, Bilateral Implant), End-user (Adult, Pediatric), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027", by Global Market Insights, Inc., the market valuation of cochlear implant systems will cross $2.2 billion by 2027.
- For instance, in December 2020, Advanced Bionics that collaborated with Phonak received the U.S. FDA approval for their cochlear implant product.
- The increasing prevalence of hearing loss and impairment will contribute to the cochlear implant system market demand.
- The pediatric segment in the cochlear implant system market accounted for USD 580 million in 2020.