U.S. Cochlear Implants Market To Reach $940.1 Million By 2030

U.S. Cochlear Implants Market Growth & Trends

The U.S. cochlear implants market size is anticipated to reach USD 940.1 million by 2030, growing at CAGR of 6.08% from 2024 to 2030, according to a new report by Grand View Research, Inc. The number of individuals with hearing impairments and the increasing prevalence of age-related hearing loss in the U.S. is driving the demand for cochlear implants in the U.S. market.

According to the National Institute of Deafness and Other Communication Disorders (NIDCD), 2 to 3 out of every 1000 children have hearing loss that can be identified in the U.S. It also stated that roughly 1 in 1000 live infants are affected by sensorineural unilateral hearing loss in the country. The U.S. Food and Drug Administration (FDA)  authorized cochlear implantation in 2019 for children with single-sided deafness (SSD) who were five years or older to help these patients.

By raising awareness about hearing loss and the benefits of cochlear implants, these organizations increase demand and promote a better understanding of the technology, which would drive the market's growth. Government initiatives focusing on therapeutic value and discriminatory issues spurred by people with impairments, such as expanded coverage for cochlear implants in the U.S. promote market expansion.

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U.S. Cochlear Implants Market Report Highlights

• Based on age group, the adult segment held the largest market share of over 64.2% in 2023 owing to the rising prevalence of hearing loss. The pediatric segment is expected to grow at the fastest CAGR from 2024 to 2030

• Based on end-use, the clinics segment accounted for the largest revenue share in 2023. Clinics, particularly ENT clinics, are essential providers of cochlear implant services, offering expertise in evaluating candidates for implants, conducting surgeries, and providing post-operative care

• The rising diagnosis rates, growing awareness of hearing impairment, growing desire for bilateral fittings, and supportive government programs are some factors expected to drive this growth.

• In June 2021, Oticon Medical announced that the Neuro System, the company's product for treating individuals 18 years of age or older with bilateral severe-to-profound sensorineural hearing loss, has received premarket approval (PMA) from the U.S. Food and Drug Administration (FDA). These individuals stand to benefit limitedly from wearable technology, by entering the U.S. market with its cochlear implant products.

U.S. Cochlear Implants Market Segmentation

Grand View Research has segmented the U.S. cochlear implants market based on age group, end-use, and region:

U.S. Cochlear Implants Age Group Outlook (Revenue, USD Million, 2018 - 2030)

• Adult (by Type of Fitting)

  • Adult Unilateral Implants

  • Adult Bilateral Implants

• Pediatric (by Type of Fitting)

  • Pediatric Unilateral Implants

  • Pediatric Bilateral Implants

U.S. Cochlear Implants End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Clinics

• Others

U.S. Cochlear Implants Regional Outlook (Revenue, USD Million, 2018 - 2030)

• West

• Midwest

• Northeast

• Southwest

• Southeast

List of Key Players in the U.S. Cochlear Implants Market

• Cochlear Ltd

• MED-EL Medical Electronics

• Oticon Medical

• Advanced Bionics Corporation

• Sonova Holding AG

• Medtronic

• Nurotron Biotechnology Co., Ltd.

• ZPower, LLC

• Widex A/S