TechNavio recognizes the following companies as the key players in the Global Cochlear Implants Market: Cochlear Ltd., MED-EL GmbH, Sonova Holding AG, and Neurelec S.A.
Commenting on the report, an analyst from TechNavio’s team said: “Acquisitions help organizations grow rapidly and expand their business processes. The Global Cochlear Implant market is witnessing an increase in the number of acquisitions. There has been a significant increase in the acquisition of small and medium-sized companies by the leading cochlear implant manufacturers. The competitive environment in this market is expected to intensify with an increase in product extensions and an increase in mergers and acquisitions among the existing market leaders. It is expected that international players will grow inorganically during the forecast period by acquiring regional or local players. For instance, in 2013, Neurelec merged with William Demant Group, a leading international healthcare company in hearing devices, diagnostic instruments, and personal communication. Through this merger, the William Demant Group is expected to get additional access to a competitive and strong product portfolio of implantable hearing solutions.”
According to the report, one of the major growth factors driving the Global Cochlear Implants market is the increase in the customization of cochlear implant devices. Most of the leading cochlear implant device manufacturers are customizing and developing their product lines to appeal more to consumers and stay ahead of the competition.
Further, the report states that one of the major challenges faced by the market is the high cost of cochlear implant devices. Various end-users do not have the required budget for capitalizing on the expensive cochlear implant devices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-cochlear-implants-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Cochlear Implants Market 2014-2018
