Germany Cochlear Implant Market Size & Outlook, 2023-2030
Germany cochlear implant market, 2018-2030 (US$M)
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Germany cochlear implant market highlights
- The Germany cochlear implant market generated a revenue of USD 206.0 million in 2023 and is expected to reach USD 387.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.4% 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.
Cochlear implant market data book summary
| Market revenue in 2023 | USD 206.0 million |
| Market revenue in 2030 | USD 387.0 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 12.3% of the global cochlear implant market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany cochlear implant market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 387.0 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 88.4% in 2023. Horizon Databook has segmented the Germany cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Germany held the highest share in the Europe cochlear implant market and is expected to maintain its dominance during the forecast period. This can be attributed to the growing geriatric population, the high number of cochlear implant users, and supportive government policies.
For instance, in February 2023, the prevalence of hearing loss was high, at 40.6%, with 22.5% suffering from mild hearing loss, 8.3% moderate, and around 2.8% suffering from hearing loss, which is anticipated to increase the demand for hearing solutions.
Furthermore, the presence of a well-developed supply infrastructure, easy availability of skilled audiologists, rapid technological innovations, and collaborations between key players to achieve greater market penetration are some of the factors likely to boost the market during the forecast period.
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Our clientele includes a mix of cochlear implant market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Germany cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into Germany cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cochlear implant market outlook size, by end use, 2018-2030 (US$M)
Germany Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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