Italy Cochlear Implant Market Size & Outlook, 2023-2030
Italy cochlear implant market, 2018-2030 (US$M)
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Italy cochlear implant market highlights
- The Italy cochlear implant market generated a revenue of USD 79.2 million in 2023 and is expected to reach USD 142.0 million by 2030.
- The Italy market is expected to grow at a CAGR of 8.7% 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.
Cochlear implant market data book summary
| Market revenue in 2023 | USD 79.2 million |
| Market revenue in 2030 | USD 142.0 million |
| Growth rate | 8.7% (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, Italy accounted for 4.7% 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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Italy 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 88.13% in 2023. Horizon Databook has segmented the Italy cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Italy has a high prevalence of hearing loss. Hence, the government and organizations are undertaking measures for its early detection. According to the EuroTrak Italy 2022 survey, in March 2023, around 12.5% of people have hearing loss, of which over 14% use hearing aids. The use of hearing aids has increased in the last 4 years.
There was a rise to 35.2% in the use of hearing aids compared to the previous survey in 2019, which was 29.5%. Hence, the growing prevalence of hearing loss and surging awareness regarding the use of hearing aids are driving the cochlear implant market growth.
Moreover, there have been several advancements in cochlear implant surgery in the country. The first cochlear implant surgery with a Robotic Scope was performed in Italy in December 2020.
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Our clientele includes a mix of cochlear implant market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into Italy cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy cochlear implant market outlook size, by end use, 2018-2030 (US$M)
Italy Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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