Global Hearing Aids Market Size & Outlook, 2023-2030
Global hearing aids market, 2018-2030 (US$M)
Related Markets
Global hearing aids market highlights
- The global hearing aids market generated a revenue of USD 6,310.3 million in 2023 and is expected to reach USD 9,964.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
- In terms of segment, outpatient facilities accounted for a revenue of USD 5,040.8 million in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 6,310.3 million |
| Market revenue in 2030 | USD 9,964.7 million |
| Growth rate | 6.7% (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 |
Other key industry trends
- In terms of revenue, the North America accounted for 27.6% of the global hearing aids market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 34.6 million by 2030.
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Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hearing aids 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 hearing aids market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 79.88% in 2023. Horizon Databook has segmented the Global hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hearing Aids End Use Outlook (Revenue, USD Million, 2018-2030)
- HOSPITALS
- OUTPATIENT FACILITIES
- HOME CARE
- RESEARCH AND MANUFACTURING
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Our clientele includes a mix of hearing aids market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global hearing aids market , including forecasts for subscribers. This global databook contains high-level insights into Global hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global hearing aids market size, by region, 2018-2030 (US$M)
Top 10 countries: Hearing aids market size, 2023 (US$M)
Global hearing aids market share, by end use, 2023 & 2030 (%, US$M)
Hearing aids market: Opportunity assessment by country
Global hearing aids market, by region, 2023 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 425.8 | 446.5 | 349.0 | 396.6 | 425.5 | 454.1 | 484.9 | 517.4 | 553.7 | 592.4 | 634.4 | 679.7 | 728.8 | 6.9% |
| Europe | 2,453.5 | 2,535.2 | 1,954.3 | 2,189.5 | 2,317.8 | 2,444.0 | 2,578.8 | 2,722.9 | 2,876.0 | 3,039.8 | 3,214.9 | 3,402.0 | 3,602.3 | 5.6% |
| North America | 1,745.9 | 1,808.3 | 1,395.6 | 1,562.2 | 1,654.5 | 1,744.1 | 1,843.1 | 1,949.0 | 2,059.1 | 2,178.2 | 2,305.5 | 2,441.8 | 2,587.9 | 5.7% |
| MEA | 123.6 | 129.6 | 101.1 | 114.6 | 122.7 | 130.8 | 139.3 | 148.7 | 158.8 | 169.6 | 181.4 | 194.0 | 207.7 | 6.7% |
| Asia Pacific | 1,291.2 | 1,381.3 | 1,103.5 | 1,283.5 | 1,407.1 | 1,537.3 | 1,675.9 | 1,827.6 | 1,995.8 | 2,178.7 | 2,378.8 | 2,597.9 | 2,838.0 | 9.1% |
| Overall | 6,040.1 | 6,300.9 | 4,903.5 | 5,546.4 | 5,927.7 | 6,310.3 | 6,722.0 | 7,165.5 | 7,643.4 | 8,158.8 | 8,714.9 | 9,315.5 | 9,964.7 | 6.7% |
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