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Artificial Cochlea Market To Receive Overwhelming Hike In Revenues By 2026

Author: Ravikiran Bhosale
by Ravikiran Bhosale
Posted: Apr 04, 2019

Coherent Market Insights added Latest Research Report titled " Artificial Cochlea Market, by Product Type (Unilateral Implantation and Bilateral Implantation), by Channel Type (Single Channel and Multi-Channel), by End User (Hospitals, Clinics, and Ambulatory Surgical Centers), and by Geography - Size, Share, Outlook and Opportunity Analysis 2018 - 2026 " to its Large Report database.

Hearing loss is impairment of hearing and its severity may vary from mild to severe and in general hearing loss may be conductive, sensorineural or mixed. Sensorineural hearing loss or nerve deafness is a type of hearing loss, which results from problems with the inner ear, related to the cochlea, eighth cranial nerve, internal auditory canal, or brain.

Cochlear implantation is proven and established treatment for the restoration of speech perception and communication in people suffering from hearing disability and the provision of hearing people born deaf. The FDA first approved cochlear implants in the mid-1980s to treat hearing loss in adults. Since 2000, cochlear implants have been FDA approved for use in eligible children aging above 12 months.

Furthermore, in January 2018, a study published by the Max Planck Institute for Human Cognitive and Brain Sciences (MPI CBS) and the University Medical Centre Dresden revealed that deaf children with a cochlear implant learn words faster than those with normal hearing. The reason for this finding states that, in deaf children, hearing learn aspects of language only starts at the time of their cochlear replacement, at the age of around one to four years. By this time certain brain structures necessary for language acquisition are already well developed. Moreover, upcoming studies will be focused on why some of the affected children struggle to reach the level of their contemporaries with normal hearing. Such extensive research for understanding hearing loss and increasing number of people suffering from these conditions area expected to offer lucrative opportunity for growth of artificial cochlea market over the forecast period.

A cochlear implant device is an electronic instrument, part of which is implanted surgically inside patient’s ear to stimulate auditory nerve fibers and part of which is worn or carried by the individual to capture, analyze, and code sound. Cochlear implant usually consist of two main systems: one is the externally worn microphone, sound processor and transmitter system, and the second is the implanted receiver and electrode system, which contains the electronic circuits that receive signals from the external system and send electrical currents to the inner ear. Recent artificial cochlear have a magnet, which holds the external system in place next to the implanted internal system. The external system may be worn entirely behind the ear or its parts may be worn in a pocket, belt pouch, or harness.

Artificial Cochlea Market – Drivers

Increasing technological advancement in the cochlear implant is offering wide variety of solutions to meet the need of patients with hearing aids or cochlear implant processors. Various cochlear implant technology and services evolved and improved during the inception of cochlear impact includes dual microphone directional technology, improved signal processing to improve speech understanding, integration of wireless hearing assistance technology, electroacoustic stimulation, bilateral cochlear implantation, and automatic acoustic scene classification.

Furthermore, increasing incidence and prevalence of hearing loss and nerve deafness, worldwide combined with growing adaptation of artificial cochlea is expected to drive growth of artificial cochlea market in near future. For instance, according to the JAMA Journal: January 2016; more than 500 million people worldwide have hearing loss. Moreover, more than 60 million have severe hearing loss. According to National Institutes of Health (NIH), October 2010 data sheet, nearly 188,000 individuals, worldwide are fitted with cochlear implant and more than 41,000 adults and nearly 26,000 children in U.S. have one cochlear impact. Moreover, according to National Institute of Deafness and Other Communication Disorders (NIDCD) data findings, March 2017, around 15% of American adults (37.5 million) aged 18 and over report some trouble in hearing.

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Artificial Cochlea Market – Competitor

Some of the key players operating in this market include Cochlear Ltd., MED-EL, Sonova Holding AG, and Advanced Bionics AG.

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Author: Ravikiran Bhosale

Ravikiran Bhosale

Member since: May 31, 2018
Published articles: 316

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