Australia Cochlear Implant Market Size & Outlook
Australia cochlear implant market, 2018-2030 (US$M)
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Australia cochlear implant market highlights
- The Australia cochlear implant market generated a revenue of USD 66.9 million in 2023 and is expected to reach USD 129.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
Cochlear implant market data book summary
| Market revenue in 2023 | USD 66.9 million |
| Market revenue in 2030 | USD 129.7 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HOSPITALS, OUTPATIENT FACILITIES |
| Key market players worldwide | Cochlear Ltd, Sonova Holding AG, Demant A/S, Amplifon SpA Az nom Post Frazionamento, MED-EL, Zhejiang Pushkang Biotechnology Co. |
Other key industry trends
- In terms of revenue, Australia accounted for 4.0% of the global cochlear implant market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan cochlear implant 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 185.3 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia cochlear implant 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 cochlear implant market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 88.34% in 2023. Horizon Databook has segmented the Australia cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
The prevalence of hearing loss is increasing in Australia, with about 3.6 million people with some hearing loss and around 1.3 million Australians living with hearing loss. Moreover, the number of people with hearing impairment will double to an estimated 7.8 million people in 2060.
Furthermore, hearing loss rises from about 50% of those aged 60 to 70 to 70% of those aged 70 & over and 80% of those aged 80 and over. The advancement of technology and awareness among individuals could help in increasing the number of CI users in Germany is also driving market growth.
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Target buyers of Australia cochlear implant market databook
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Our clientele includes a mix of cochlear implant market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 Australia cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into Australia cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia cochlear implant market outlook size, by end use, 2018-2030 (US$M)
Australia Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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