San Francisco, California, Jul 19, 2018: A new research study by TMR Research presents an exhaustive assessment of the global market for MRI compatible cochlear implant. The research report, titled “MRI Compatible Cochlear Implant Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment, 2018 – 2028,” assesses the prominent trends, driving forces, restraints, market potentials, opportunities, and the challenges to find out the future prospects and performance of this market.
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According to the research study, the increasing prevalence of hearing loss among the elderly population is boosting the growth of the global market for MRI compatible cochlear implants, substantially. Apart from this, the augmenting number of abnormal deliveries, leading to the birth of babies with hearing issues is also supporting the growth of this market to a great extent, reports the market study.
Based on the geography, Europe, the Middle East and Africa, North America, Asia Pacific excluding Japan, Japan, and Latin America can be considered as the main regional markets for MRI compatible cochlear implant across the world. Among these, North America has acquired the dominant position and is expected to remain here over the forecast period, thanks to the presence of an advanced medical and healthcare infrastructure. Other regional markets are also anticipated to gain traction in the years to come, states the research report.
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The vendor landscape of the global market for MRI compatible cochlear implants has also been assessed in this research study to gain an insight into the existing hierarchy between the leading participants. Cochlear Ltd., Advanced Bionics AG, MED-EL, Sonova Holding AG, William Demant Holding A/S, Gaes Group, and Nurotron Biotechnology Co. Ltd. are some of the key players operating in this market, mentioned in this research study.