Cochlear Implants Market to Hit USD 4.73 Billion by 2030 with 9.2% CAGR | MarketsandMarkets™ [Yahoo! Finance]
COCHLEAR PLC UNSP/ADR (CHEOY)
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Source: Yahoo! Finance
7 min read DELRAY BEACH, Fla. Feb. 7, 2025 /PRNewswire/ -- The cochlear implants market valued at US$ 2.58 Billion in 2023, is forecasted to grow at a robust CAGR of 9.2%, reaching US$ 2.80 Billion in 2024 and an impressive US$ 4.73 Billion by 2030. The cochlear implants market is driven by factors such as the rising prevalence of hearing loss, particularly among the geriatric population, and the growing awareness of hearing rehabilitation options. Additionally, AI-enabled audio processing, paediatrics implantations for speech development, and advancement of surgical techniques create opportunities for better accessibility and improvement in the prognosis. The markets of emerging economies have a host of opportunities regarding developing low-cost implants and also integrating telemedicine for managing the post-implant case. MarketsandMarkets_Logo Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=94935516 Browse in-depth TOC on " Cochlear Implants
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