Spain Cochlear Implant Market Size & Outlook, 2023-2030
Spain cochlear implant market, 2018-2030 (US$M)
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Spain cochlear implant market highlights
- The Spain cochlear implant market generated a revenue of USD 67.7 million in 2023 and is expected to reach USD 115.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 8% 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 67.7 million |
| Market revenue in 2030 | USD 115.7 million |
| Growth rate | 8% (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, Spain 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 Europe, Germany cochlear implant market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 387.0 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 88.04% in 2023. Horizon Databook has segmented the Spain cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
The medical practitioners performing cochlear implant surgeries are guided by recommendations of scientific committees regarding indications of cochlear implants in the country. The high adoption of cochlear implants among individuals with hearing loss in the country is one of the factors propelling market growth.
The Federation of Associations of Cochlear Implants Users of Spain organizes events, such as sports activities, for cochlear implant users and conferences, training talks, & courses attended by hearing & acoustics professionals, otolaryngologists, and cochlear implant users.
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Our clientele includes a mix of cochlear implant market companies, investment firms, advisory firms & academic institutions.
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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 Spain cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into Spain cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain cochlear implant market outlook size, by end use, 2018-2030 (US$M)
Spain Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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