DUBLIN, April 23, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/hdqtfl/global_cochlear) has announced the addition of the "Global Cochlear Implants Market 2014-2018" report to their offering.
The analysts forecast the Global Cochlear Implants market to grow at a CAGR of 14.77 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in product customization. The Global Cochlear Implants market has also been witnessing the increase in the number of product launches and approvals. However, the high cost of Cochlear Implant devices could pose a challenge to the growth of this market.
The report, the Global Cochlear Implants Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Cochlear Implants market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Geographical Segmentation
08. Key Leading Countries
09. Buying Criteria
10. Market Growth Drivers
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
16. Key Vendor Analysis
17. Other Reports in this Series
- Cochlear Ltd.
- MED-EL GmbH
- Sonova Holding AG
- Neurelec SA.
- Nurotron Biotechnology Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/hdqtfl/global_cochlear
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets