Mexico Audiology Devices Market Size & Outlook, 2023-2030

The audiology devices market in Mexico is expected to reach a projected revenue of US$ 97.6 million by 2030. A compound annual growth rate of 8.7% is expected of Mexico audiology devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$54.4
Forecast, 2030 (US$M)
$97.6
CAGR, 2024 - 2030
8.7%
Report Coverage
Mexico

Mexico audiology devices market highlights

  • The Mexico audiology devices market generated a revenue of USD 54.4 million in 2023 and is expected to reach USD 97.6 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
  • In terms of segment, hearing aids was the largest revenue generating product in 2023.
  • Cochlear Implants is the most lucrative product segment registering the fastest growth during the forecast period.


Audiology devices market data book summary

Market revenue in 2023USD 54.4 million
Market revenue in 2030USD 97.6 million
Growth rate8.7% (CAGR from 2023 to 2030)
Largest segmentHearing aids
Fastest growing segmentCochlear Implants
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHearing Aids, Cochlear Implants, BAHA/BAHS, Diagnostic Devices
Key market players worldwideDemant A/S, GN Store Nord A/S, Sonova Holding AG, Starkey, Cochlear Ltd, WS Audiology, Inventis


Other key industry trends

  • In terms of revenue, Mexico accounted for 0.5% of the global audiology devices market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Latin America, Brazil audiology devices market is projected to lead the regional market in terms of revenue in 2030.
  • Mexico is the fastest growing regional market in Latin America and is projected to reach USD 97.6 million by 2030.

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Audiology Devices Market Companies

Name Profile # Employees HQ Website

Mexico audiology devices 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 audiology devices market will help companies and investors design strategic landscapes.


Hearing aids was the largest segment with a revenue share of 60.48% in 2023. Horizon Databook has segmented the Mexico audiology devices market based on hearing aids, cochlear implants, baha/bahs, diagnostic devices covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Mexico audiology devices market databook

  • Our clientele includes a mix of audiology devices market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Mexico audiology devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico audiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico audiology devices market size, by product, 2018-2030 (US$M)

Mexico Audiology Devices Market Outlook Share, 2023 & 2030 (US$M)

Mexico audiology devices market size, by product, 2018-2030 (US$M)

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