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The LAMEA Cochlear Implants Market would witness market growth of 11.3% CAGR during the forecast period (2019-2025). The LAMEA Cochlear Implants market is studied across the Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA.
The Brazil market dominated the LAMEA Cochlear Implants Market by Country 2018, thereby, achieving a market value of $48.1 million by 2025, growing at a CAGR of 10.4 % during the forecast period. The Argentina market is expected to witness a CAGR of 12.2% during (2019 - 2025). Additionally, The UAE market is expected to witness a CAGR of 10.7% during (2019 - 2025).
Market growth of cochlear implants can be ascribed to a favorable reimbursement situation, increased awareness of hearing aids, and increased implant adoption. Besides, technological advances in cochlear implants to render the instrument more effective and user-friendly can increase the demand. And this is expected to propel the market growth during the forecast period. Because of the proximity of cochlear implant surgery to several essential parts of the inner ear, some patients report a post-operative sense of imbalance or vertigo. There have been numerous reasons, including the vibrations caused by drilling during surgery that patients may suffer from vertigo after the surgery. And this can be a major restraining factor for market growth.
It is also anticipated that increased awareness and increased disposable income in the Middle East region will stimulate the region’s market. Prime hospital based in Dubai, for example, introduced a new center to conduct cochlear implant surgery in December 2016. Several participants in the sector are actively working in the industry. Most of the share, however, was among the top two to three competitors that dominated the sector in 2018.
Based on Fitting Type, the market is segmented into Unilateral Implantation and Bilateral Implantation. Based on End Use, the market is segmented into Pediatrics and Adults. Based on Country, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MED-EL GmbH, Sonova Holding AG, William Demant Holding A/S, Starkey laboratories Inc., GN Store Nord A/S (GN Hearing A/S), Amplifon SpA (Ampliter N.V.), Widex A/S, Oticon Medical AB, Cochlear Ltd., Medtronic PLC.
Scope of the Study
By Fitting Type
- Unilateral Implantation
- Bilateral Implantation
By End Use
- Saudi Arabia
- South Africa
- Rest of LAMEA
- MED-EL GmbH
- Sonova Holding AG
- William Demant Holding A/S
- Starkey laboratories, Inc.
- GN Store Nord A/S (GN Hearing A/S)
- Amplifon SpA (Ampliter N.V.)
- Widex A/S
- Oticon Medical AB
- Cochlear Ltd.
- Medtronic PLC
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