India Cochlear Implant Market Size & Outlook, 2023-2030
India cochlear implant market, 2018-2030 (US$M)
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India cochlear implant market highlights
- The India cochlear implant market generated a revenue of USD 41.2 million in 2023 and is expected to reach USD 85.3 million by 2030.
- The India market is expected to grow at a CAGR of 10.9% 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 41.2 million |
| Market revenue in 2030 | USD 85.3 million |
| Growth rate | 10.9% (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, India accounted for 2.5% 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 Asia Pacific, Japan cochlear implant market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 185.3 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 88.11% in 2023. Horizon Databook has segmented the India cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Union Health Ministry, the Government of India, there is a high prevalence of hearing loss in India, with the prevalence of adult- & childhood-onset hearing loss at 7.6% and 2%, respectively. Hence, the growing disease prevalence is leading to an increase in awareness about hearing solutions and a consequent rise in the measures for providing cost-effective solutions in the country.
Hence, various organizations in the country are conducting research for indigenous development of devices with a focus on reducing cost, which is expected to improve the adoption of cochlear implants.
For instance, in February 2020, human clinical trials began for a low-cost cochlear implant at the Post Graduate Institute of Medical Education & Research (PGIMER), developed by the Defense Research and Development Organization (DRDO).
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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 country-level data and insights on the India cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into India cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cochlear implant market outlook size, by end use, 2018-2030 (US$M)
India Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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