Saudi Arabia Cochlear Implant Market Size & Outlook
Saudi Arabia cochlear implant market, 2018-2030 (US$M)
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Saudi Arabia cochlear implant market highlights
- The Saudi Arabia cochlear implant market generated a revenue of USD 8.2 million in 2023 and is expected to reach USD 13.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.3% 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 8.2 million |
| Market revenue in 2030 | USD 13.5 million |
| Growth rate | 7.3% (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, Saudi Arabia accounted for 0.5% 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 Middle East & Africa, South Africa cochlear implant market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 8.7 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 89.02% in 2023. Horizon Databook has segmented the Saudi Arabia cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing prevalence of hearing loss is likely to propel the Saudi Arabia cochlear implant market. WHO estimates that approximately 5% of the world's population, or 466 million people, have disabling hearing loss. Several factors contribute to the high prevalence of hearing loss in Saudi Arabia.
According to an article published by the National Library of Medicine in November 2020, a major factor is the high rate of consanguineous marriages, which is estimated to be around 50% in the country. Consanguineous marriages can increase the risk of genetic disorders, including hearing loss.
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Target buyers of Saudi Arabia 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 Saudi Arabia cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia cochlear implant market outlook size, by end use, 2018-2030 (US$M)
Saudi Arabia Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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