Australia Hearing Aids Market Size & Outlook, 2023-2030
Australia hearing aids market, 2018-2030 (US$M)
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Australia hearing aids market highlights
- The Australia hearing aids market generated a revenue of USD 72.7 million in 2023 and is expected to reach USD 126.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 8.2% 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.
Hearing aids market data book summary
| Market revenue in 2023 | USD 72.7 million |
| Market revenue in 2030 | USD 126.2 million |
| Growth rate | 8.2% (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, Australia accounted for 1.2% 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 Asia Pacific, China hearing aids 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 724.8 million by 2030.
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Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 79.92% in 2023. Horizon Databook has segmented the Australia hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in disposable income, multiple innovations in hearing aids, and presence of population suffering from mild-to-moderate hearing loss are among few key factors boosting the market.
Ageing population associated with an increasing rate of hearing disorders are expected to drive the market in Australia. Increased neonatal screening exposes children who suffer from hearing impairments, is also expected to boost the demand of hearing aids in the country.
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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 country-level data and insights on the Australia hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into Australia hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia hearing aids market size, by end use, 2018-2030 (US$M)
Australia Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
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