South Korea Bionic Ear Market Size & Outlook, 2023-2030
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South Korea bionic ear market highlights
- The South Korea bionic ear market generated a revenue of USD 31.4 million in 2023 and is expected to reach USD 53.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, cochlear implants was the largest revenue generating type in 2023.
- BAHA/BAHS is the most lucrative type segment registering the fastest growth during the forecast period.
Bionic ear market data book summary
| Market revenue in 2023 | USD 31.4 million |
| Market revenue in 2030 | USD 53.1 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Cochlear implants |
| Fastest growing segment | BAHA/BAHS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cochlear Implants, BAHA/BAHS, Auditory Brainstem Implants |
| Key market players worldwide | Cochlear Ltd, Sonova Holding AG, Demant A/S, MED-EL, Gaes, Amplifon SpA Az nom Post Frazionamento |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global bionic ear market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan bionic ear market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 223.2 million by 2030.
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Bionic Ear Market Scope
Bionic Ear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Amplifon SpA Az nom Post Frazionamento | View profile | 20000 | Via Ripamonti, 133, Milano, Italy, 20141 | https://corporate.amplifon.com |
| Gaes | View profile | 1001-5000 | Barcelona, Catalonia, Spain, Europe | http://www.gaes.es |
| MED-EL | View profile | 1001-5000 | Innsbruck, Tirol, Austria, Europe | http://www.medel.com/ |
| Demant A/S | View profile | 21623 | Kongebakken 9, Smorum, Denmark, 2765 | https://www.demant.com |
| Sonova Holding AG | View profile | 18151 | Laubisrutistrasse 28, Stafa, Switzerland, CH-8712 | https://www.sonova.com |
| Cochlear Ltd | View profile | 4773 | 1 University Avenue, Macquarie University, Sydney, NSW, Australia, 2109 | https://www.cochlear.com |
South Korea bionic ear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bionic ear market will help companies and investors design strategic landscapes.
Cochlear implants was the largest segment with a revenue share of 73.89% in 2023. Horizon Databook has segmented the South Korea bionic ear market based on cochlear implants, baha/bahs, auditory brainstem implants covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of bionic ear market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea bionic ear market , including forecasts for subscribers. This country databook contains high-level insights into South Korea bionic ear market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea bionic ear market size, by type, 2018-2030 (US$M)
South Korea Bionic Ear Market Outlook Share, 2023 & 2030 (US$M)
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