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Cochlear Ltd COH Stock Quote

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Morningstar‘s Stock Analysis COH

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Emerging Markets Show Promise, but Cochlear Shares Remain Expensive

Shane Ponraj, CFA Equity Analyst

Business Strategy and Outlook

| Shane Ponraj, CFA |

Cochlear is the market leader in cochlear implants with consistent share of roughly 60% across developed markets. Cochlear implants became the standard of care many years ago for children in developed markets with profound hearing loss or deafness. With this market segment largely penetrated, the company is looking elsewhere for growth with developed-markets adults the next primary focus and emerging-markets children after that.

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Key Statistics COH

Company Profile COH

Business Description

Cochlear is the leading cochlear implant device manufacturer with around 60% global market share. Developed markets contribute 80% of group revenue where cochlear implants are the standard of care for children with severe to profound hearing loss. The company also actively targets the growing cohort of seniors in developed markets. Tender-oriented emerging markets contribute the remaining 20% of group revenue. Main products include cochlear implants, bone-anchored hearing aids, and associated sound processors. In fiscal 2020, 49% of revenue came from the Americas, 35% from Europe, the Middle East, and Africa, and 16% from the Asia-Pacific segment.

1 University Avenue, Macquarie University
Sydney, NSW, 2109, Australia
T +61 294286555
Industry Medical Devices
Most Recent Earnings
Fiscal Year End Jun 30, 2023
Employees 4,500