Cochlear Implant Market - Forecast 2021 - 2026
The cochlear implant market registered a global value of $1.5 billion in 2018. In line with growing awareness of hearing impairment, the global cochlear implant market is projected to grow at a CAGR of 10.6% through the forecast period of 2019-2025. According to the World Health Organization (WHO), around 466 million people globally have disabling hearing loss and 34 million among them are children. Globally, 1.1 billion people, aged between 12-35 years, are at the risk of developing hearing loss owing to exposure to excessive noise in a recreational environments. Congenital hearing loss is an issue found among the newborn infants, under this condition, the babies suffer from one or more hearing impairment. According to the March of Dimes, up to 3 in 1,000 infants are born with congenital hearing loss in the United States each year. Although, the number is less than 1%, but it is affecting the families involved at a greater extent. By 2050, over 900 million people are expected to de