Middle East & Africa Cochlear Implant Market Size & Outlook
Middle East & Africa cochlear implant market, 2018-2030 (US$M)
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MEA cochlear implant market highlights
- The MEA cochlear implant market generated a revenue of USD 36.6 million in 2023.
- The market is expected to grow at a CAGR of 8.2% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 36.6 million |
| Market revenue in 2030 | USD 63.5 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 2.2% of the global cochlear implant market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 658.3 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 88.25% in 2023. Horizon Databook has segmented the Middle East & Africa cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Economic growth and development are highly fragmented and uneven in the MEA. Few countries, such as the UAE and South Africa, have shown significant economic growth. The growing geriatric population suffering from hearing disabilities, increasing demand for technologically advanced hearing solutions, and developing healthcare infrastructure are factors expected to propel the market.
According to an article published by Global Accessibility News, in 2016, Prime Hospital launched a new facility in Dubai for cochlear implant surgery. It announced reimbursement of the cost for children aged below 4 years. Rapid technological advancements and the establishment of dedicated cochlear implant facilities are expected to impact market growth positively.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cochlear implant market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cochlear implant market outlook size, by country, 2018-2030 (US$M)
Middle East & Africa Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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