Brazil Cochlear Implant Market Size & Outlook, 2023-2030
Brazil cochlear implant market, 2018-2030 (US$M)
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Brazil cochlear implant market highlights
- The Brazil cochlear implant market generated a revenue of USD 28.3 million in 2023 and is expected to reach USD 50.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.6% 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 28.3 million |
| Market revenue in 2030 | USD 50.2 million |
| Growth rate | 8.6% (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, Brazil accounted for 1.7% 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 Latin America, Brazil cochlear implant 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 27.3 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 Brazil cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil accounted for the largest share in terms of revenue in Latin America due to high per capita disposable income, leading to increased expenditure in consumer electronics and other lifestyle commodities.
A growing population suffering from mild to moderate hearing loss and the development of technologically advanced devices are expected to increase the market penetration of hearing devices in the coming years. According to WHO, in 2023, 1.1% of the population suffered from hearing loss to some degree, an estimated 21% of which is suffering from severe hearing loss.
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Target buyers of Brazil 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 Brazil cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into Brazil cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil cochlear implant market outlook size, by end use, 2018-2030 (US$M)
Brazil Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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