Short Description

By Types (Product, Accessories, Software), Technology (Acoustic Amplification Technology, Electro-Stimulation Technology, Electro-Acoustic Stimulation), Age (Paediatrics, Adults), End User (Hospitals, ENT Clinics, Ambulatory Surgery Centre), Distribution Channel (Direct, Retail), Country (Brazil, Mexico, Argentina, Chile, Peru, Colombia, Ecuador, Rest of Latin America)

Market Definition:

Cochlear implants, a surgically implanted neuro-prosthetic medical device, have replaced the old hearing aid devices due to their limited benefits and also they have better sound amplification as well as also stimulate the auditory nerves by bypassing the damaged portion of the ear and hence restore the hearing ability of the patients.

Cochlear implant is an electronic medical device, which is short featured but complex structure, helps in delivering the sound sensation to person who is suffering with deafness or hearing problem. The implant is made up of two portion, external portion and internal portion, including a microphone, a speech processor, receiver, and an electrode array which collect the impulses from the stimulator and sends them to different parts of the hearing or auditory nerve.

Market Segmentation:

Latin America cochlear implant market is segmented into five notable segments which are on the basis of type, technology, age, distribution channel and end user.

- On the basis of type, the market is segmented into product, accessories and software.

- On the basis of technology, the market is segmented into acoustic amplification technology, electro-stimulation technology and electro-acoustic stimulation.

- On the basis of age, the market is segmented into pediatrics and adults.

- On the basis of end-user, the market is segmented into hospitals, ENT clinics and ambulatory surgery centre.

- On the basis of distribution channel, the market is segmented into direct and indirect.

Market Players

The key market players for Latin America cochlear implant market are listed below:

- Cochlear Ltd.

- Advanced Bionics AG

- Oticon A/S

- MED-El

- Medtronic

- Nurotron Biotechnology Co. Ltd

- WIDEX A/S

- Others