Cochlear Implants Market Continues to Grow with Cochlear Ltd. receiving the U.S. FDA approval for three new hearing devices
A cochlear implant is a surgically implanted device to give an individual with mild to severe sensorineural deafness a modified sensory perception of sound. CI deafness bypasses the natural audible sound process to replace it by sending electric signals that directly reach the sensory nerve. The electrical signal is processed by the cochlea in the inner ear and then sent to the brain where it decodes and sends the desired sound or tone. In many cases, this device is used as a hearing aid with the purpose of improving a person's hearing. The demand for cochlear implants has increased steeply in the recent past. This is typically due to hearing impairment are rising geriatric population. As per the World Health Organization (WHO), by 2050, the global population aged 65 years and above is expected to reach around 2 billion increasing from 900 million in 2015. According to the Administration Community Living (ACL), the population aged 65 years and above increased from 37.2 million in...