DUBLIN–(BUSINESS WIRE)–The “Cochlear Implant Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global cochlear implant market is evaluated at US$2.071 billion for the year 2019 growing at a CAGR of 9.82% reaching the market size of US$3.990 billion by the year 2026.
Increasing awareness among people, advancements in cochlear implants, growing penetration of implants due to an expanded geographical reach of market players, and favorable government initiatives are the key drivers anticipated to boost the global cochlear implant market growth during the forecast period.
Also, the rising adoption of advanced cochlear implants among children and supportive policies by the governments are anticipated to further propel market growth. However, risks associated with surgical implant procedures such as injury to the facial nerve, meningitis, attacks of dizziness or vertigo, and others can hamper…