Cochlear Implants Market in the US to grow at a CAGR of 15.21% over the period 2014-2019.

Deerfield Beach, FL -- (SBWire) -- 09/03/2015 --Cochlear Implants Market in the US to grow at a CAGR of 15.21% over the period 2014-2019. A cochlear implant is a surgically-implanted device that helps overcome complications in the inner ear or cochlea. The cochlea is a snail-shaped curled tube which is positioned in the area of the ear where nerves are present. A cochlear implant consists of two major components: An external component and an internal component.

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The external component includes a microphone, a speech processor (a computer), and a transmitter. The internal component includes a receiver/stimulator, and an electrode array. The sound processor receives sound waves and processes them into detailed digital information. The implant changes the digital information into electrical information, which is sent to the auditory nerve from an electrode array placed inside the cochlea. Candidacy for an implant is based on two primary factors given below:

Severity of the hearing loss
Inability of the patient to recognize speech with or without hearing aids

Covered in this Report

This report covers the present scenario and the growth prospects of the Cochlear Implants market in the US for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of various cochlear implants that are available in the US.

Cochlear Implants Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Cochlear Implants market in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key Vendors

Cochlear
MED-EL
Sonova Holding
William Demant Holding

Market Driver

Increase in Product Customization
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Market Challenge

High Cost of Cochlear Implant Devices
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Market Trend

Increase in Number of Product Launches and Approvals
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