Cochlear Implant Market expected to expand at a CAGR of 8.71% from 2022 to 2030
Cochlear Implant Industry Overview The global cochlear implant market size is expected to reach USD 3.1 billion by 2030, registering a CAGR of 8.71% during the forecast period, according to a new report by Grand View Research, Inc. Supportive initiatives by the governments and various organizations, a rise in bilateral fittings, and increase in diagnosis rate are the factors, expected to boost the market growth, during the forecast period. Key players in the region are conducting research activities to improve the patient experience. For instance, in February 2022, Senova announced a vitro line of custom-made hearing devices with paradise technology which includes fully connected ITE hearing devices ; Vitro P-312 (Vitro P Black), Vitro P-Titanium, and Vitro P-10. Cochlear Implant Market Segmentation Grand View Research has segmented the global cochlear implant market based on the type of fitting, end use and region: Based on the Type Of Fitting I...