Asia Pacific Cochlear Implant Market Size & Outlook
Asia Pacific cochlear implant market, 2018-2030 (US$M)
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Asia Pacific cochlear implant market highlights
- The Asia Pacific cochlear implant market generated a revenue of USD 345.3 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 345.3 million |
| Market revenue in 2030 | USD 658.3 million |
| Growth rate | 9.7% (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 |
| Key market players worldwide | Cochlear Ltd, Sonova Holding AG, Demant A/S, Amplifon SpA Az nom Post Frazionamento, MED-EL, Zhejiang Pushkang Biotechnology Co. |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.5% of the global cochlear implant market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 658.3 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 88.24% in 2023. Horizon Databook has segmented the Asia Pacific cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
The rising urbanization within developing nations, characterized by increased noise levels from vehicles & industrial activities and the lack of noise pollution regulations, is increasing the prevalence of hearing loss across Asia Pacific.
Hence, cochlear implants, benefiting individuals with severe to profound sensorineural hearing loss, are becoming increasingly essential. Furthermore, the growing burden of hearing impairment, rising disposable incomes in countries such as India, China, and Singapore, surging noise pollution, increasing use of ototoxic drugs, high prevalence of age-related hearing loss, and rapid technological advancements are some of the key factors propelling the cochlear implant market growth.
Major international brands, such as WS Audiology A/S and Beltone, are setting up their retail stores in India due to the increasing purchasing power of people. Some of the key companies operating in this region include Amplifon India (P) Ltd., Demant A/S, Siemens, and Oticon, among others.
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Target buyers of Asia Pacific 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cochlear implant market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cochlear implant market outlook size, by country, 2018-2030 (US$M)
Asia Pacific Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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