U.S. Cochlear Implant Market Size & Outlook, 2023-2030
U.S. cochlear implant market, 2018-2030 (US$M)
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U.S. cochlear implant market highlights
- The U.S. cochlear implant market generated a revenue of USD 521.1 million in 2023 and is expected to reach USD 963.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.2% 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 521.1 million |
| Market revenue in 2030 | USD 963.7 million |
| Growth rate | 9.2% (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, U.S. accounted for 31.0% 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 North America, U.S. cochlear implant market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 963.7 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 88.01% in 2023. Horizon Databook has segmented the U.S. cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. accounted for the largest share in North America in 2022 due to the introduction of several implants & sound processors, supportive government policies, private insurance coverage, and high awareness about hearing aids.
As per the study conducted by Otology & Neurotology, Inc. in July 2023, the number of adults above 20 years undergoing cochlear implantation increased from 244 per 100,000 to 350 per 100,000 in 2019. Moreover, the age group of 80 years and older had lower incidence of cochlear implantation, from 105 per 100,000 person-year to 202 during the study period.
The study shows that over the last half-decade, a shift has occurred, resulting in improved access among this underserved subset. Furthermore, continuous advancement in cochlear implant technology is giving patients a better hearing experience in the U.S.
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Target buyers of U.S. 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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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 U.S. cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into U.S. cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. cochlear implant market outlook size, by end use, 2018-2030 (US$M)
U.S. Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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