Asia Pacific Hearing Aids Market Size & Outlook, 2023-2030
Asia Pacific hearing aids market, 2018-2030 (US$M)
Related Markets
Asia Pacific hearing aids market highlights
- The Asia Pacific hearing aids market generated a revenue of USD 1,537.3 million in 2023.
- The market is expected to grow at a CAGR of 9.2% 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.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,537.3 million |
| Market revenue in 2030 | USD 2,838.0 million |
| Growth rate | 9.2% (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 |
| 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, Asia Pacific region accounted for 24.4% of the global hearing aids market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,838.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 79.74% in 2023. Horizon Databook has segmented the Asia Pacific hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in prevalence of hearing loss, especially in geriatric population, coupled with improvements in distribution network of global market players is expected to drive hearing aids market. Major market players are continually developing improved products, which are increasing the benefits of hearing aids for hearing impaired consumers and driving the acceptance of these devices in this region.
Other factors driving the hearing aids market in Asia Pacific include growing disposable income and rising awareness & healthcare expenditure in this region. Increase in government initiatives is expected to drive the demand for hearing aids in Asia Pacific.
According to WHO 2012 estimates, prevalence of disabling hearing loss is high in people over the age of 65 years in Asia Pacific, sub-Saharan Africa, and South Asia. Of the total number of patients with hearing loss, 10% belong to Asia Pacific and 22% belong to East Asia. In addition, 3.4 million children in this region are reported to suffer from hearing loss.
Reasons to subscribe to Asia Pacific hearing aids market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific hearing aids market databook
-
Our clientele includes a mix of hearing aids market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 continent-level data and insights on the Asia Pacific hearing aids market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific hearing aids market
Asia Pacific Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
Asia Pacific hearing aids market
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
