Photos from Envato
Thanks to the universality of hearing loss and awareness of rehabilitation choices.
The cochlear implant market is expected to reach $4.73B at 9.2% by 2030, according to MarketSandMarkets.
The expansion of the industry is attributed to the prevalence of hearing loss, especially among the elderly population, and the increasing awareness of hearing rehabilitation programs.
Among the end user types, the “hospital” segment is expected to experience the fastest growth over the forecast period
“Hospitals are increasingly becoming the preferred option due to their ability to handle complex surgical procedures and provide postoperative care, including audiology support and rehabilitation services,” the report said.
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