Thailand Cochlear Implant Market Size & Outlook, 2023-2030
Thailand cochlear implant market, 2018-2030 (US$M)
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Thailand cochlear implant market highlights
- The Thailand cochlear implant market generated a revenue of USD 10.6 million in 2023 and is expected to reach USD 14.6 million by 2030.
- The Thailand market is expected to grow at a CAGR of 4.7% 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 10.6 million |
| Market revenue in 2030 | USD 14.6 million |
| Growth rate | 4.7% (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, Thailand accounted for 0.6% 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 Asia Pacific, Japan cochlear implant market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 185.3 million by 2030.
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Cochlear Implant Market Scope
Cochlear Implant Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand 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 87.74% in 2023. Horizon Databook has segmented the Thailand cochlear implant market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Hearing loss increases as individuals age, and in the case of Thailand, which presently has a relatively youthful population, there is an anticipation of a rising percentage of people aged 60 and above in the years to come.
Moreover, awareness regarding cochlear implant surgery is surging in Thailand, and the government is actively endorsing & supporting these procedures. The government extends financial aid to assist low-income families in covering the expenses associated with cochlear implant surgery.
In addition, they provide postsurgery support to cochlear implant recipients, including services like speech therapy and rehabilitation. These government initiatives are projected to propel the cochlear implant market growth in Thailand.
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Target buyers of Thailand 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 Thailand cochlear implant market , including forecasts for subscribers. This country databook contains high-level insights into Thailand cochlear implant market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand cochlear implant market outlook size, by end use, 2018-2030 (US$M)
Thailand Cochlear Implant Market Outlook Share, 2023 & 2030 (US$M)
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