Argentina Hearing Aids Market Size & Outlook, 2023-2030
Argentina hearing aids market, 2018-2030 (US$M)
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Argentina hearing aids market highlights
- The Argentina hearing aids market generated a revenue of USD 69.3 million in 2023 and is expected to reach USD 102.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.8% 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.
Hearing aids market data book summary
| Market revenue in 2023 | USD 69.3 million |
| Market revenue in 2030 | USD 102.9 million |
| Growth rate | 5.8% (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 | Audicus, Audina Hearing Instruments, Eargo, GN Store Nord A/S, MDHearingAid, SeboTek Hearing Systems, Sonova Holding AG, Starkey Hearing Technologies, WS Audiology |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.1% of the global hearing aids market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hearing aids market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 293.0 million by 2030.
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Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 80.09% in 2023. Horizon Databook has segmented the Argentina hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in wireless technological advancements coupled with the rise in consciousness among the population regarding advanced hearing devices drives the market for hearing aids. In addition to the rise in the geriatric population, the government in Argentina had passed a law in the year 2011, regarding the universal hearing screening for infants to ensure an early detection and treatment of hearing loss in children, which positively impacts the hearing aids market growth.
Rising adoption of initiatives by the government & awareness among the population about different hearing loss treatments are other factors driving the market. Some of the companies operating in Argentina hearing aids market are Starkey, GN ReSound, Sonova, Siemens Healthcare, and Widex
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into Argentina hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina hearing aids market size, by end use, 2018-2030 (US$M)
Argentina Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
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