Global Cochlear Implant Market Size & Outlook, 2023-2030
Global cochlear implant market, 2018-2030 (US$M)
Related Markets
Global cochlear implant market highlights
- The global cochlear implant market generated a revenue of USD 1,680.9 million in 2023 and is expected to reach USD 3,055.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.9% by 2030.
- In terms of segment, outpatient facilities accounted for a revenue of USD 1,482.2 million in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,680.9 million |
| Market revenue in 2030 | USD 3,055.6 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HOSPITALS, OUTPATIENT FACILITIES |
Other key industry trends
- In terms of revenue, the North America accounted for 32.5% of the global cochlear implant market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 34.0 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cochlear implant market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cochlear implant market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 88.18% in 2023. Horizon Databook has segmented the Global cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cochlear Implant End Use Outlook (Revenue, USD Million, 2018-2030)
- HOSPITALS
- OUTPATIENT FACILITIES
- HOME CARE
- RESEARCH AND MANUFACTURING
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Target buyers of Global cochlear implant market databook
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Our clientele includes a mix of cochlear implant market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global cochlear implant market , including forecasts for subscribers. This global databook contains high-level insights into Global cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global cochlear implant market outlook size, by region, 2018-2030 (US$M)
Top 10 countries: Cochlear implant market size, 2023 (US$M)
Global cochlear implant market share, by end use, 2023 & 2030 (%, US$M)
Cochlear implant market: Opportunity assessment by country
Global cochlear implant market, by region, 2023 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 454.5 | 485.5 | 450.9 | 475.2 | 508.3 | 545.7 | 587.9 | 635.7 | 689.9 | 751.7 | 822.5 | 903.8 | 997.7 | 9.0% |
| Europe | 561.2 | 596.6 | 551.3 | 578.1 | 615.2 | 657.1 | 704.3 | 757.7 | 818.1 | 886.8 | 965.3 | 1,055.2 | 1,158.8 | 8.4% |
| Asia Pacific | 278.7 | 299.7 | 280.1 | 297.0 | 319.7 | 345.3 | 374.3 | 407.2 | 444.6 | 487.3 | 536.3 | 592.9 | 658.3 | 9.7% |
| Latin America | 79.4 | 85.0 | 79.0 | 83.4 | 89.3 | 96.1 | 103.6 | 112.2 | 121.9 | 133.1 | 145.8 | 160.4 | 177.3 | 9.2% |
| MEA | 31.7 | 33.6 | 31.0 | 32.4 | 34.4 | 36.6 | 39.2 | 42.0 | 45.3 | 49.0 | 53.2 | 58.0 | 63.5 | 8.2% |
| Overall | 1,405.5 | 1,500.3 | 1,392.3 | 1,466.1 | 1,567.0 | 1,680.9 | 1,809.4 | 1,954.7 | 2,119.7 | 2,307.8 | 2,523.0 | 2,770.3 | 3,055.6 | 8.9% |
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