South Africa Cochlear Implant Market Size & Outlook
South Africa cochlear implant market, 2018-2030 (US$M)
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South Africa cochlear implant market highlights
- The South Africa cochlear implant market generated a revenue of USD 9.0 million in 2023 and is expected to reach USD 15.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.5% 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 9.0 million |
| Market revenue in 2030 | USD 15.0 million |
| Growth rate | 7.5% (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, South Africa 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 |
|---|
South 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 87.78% in 2023. Horizon Databook has segmented the South Africa cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
The growing geriatric population suffering from hearing impairments, the easy availability of advanced hearing devices, and the presence of various cochlear implant programs funding surgery are expected to impact the market growth positively.
As per BioMed Central Ltd., in 2022, around 16% of the population in South Africa is covered by private medical schemes, and 84% of the population relies on the public sector.
Increasing awareness and rising healthcare expenditure have resulted in the establishment of units exclusively dedicated to cochlear implants. For instance, Tygerberg Hospital Stellenbosch University Cochlear Implant Unit has carried out around 1,000 implant surgeries in South Africa since its establishment. These factors are expected to fuel market growth over the forecast period.
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Our clientele includes a mix of cochlear implant market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cochlear implant market outlook size, by end use, 2018-2030 (US$M)
South Africa Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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