Kuwait Hearing Aids Market Size & Outlook, 2023-2030

The hearing aids market in Kuwait is expected to reach a projected revenue of US$ 16.5 million by 2030. A compound annual growth rate of 5.6% is expected of Kuwait hearing aids market from 2024 to 2030.
Revenue, 2023 (US$M)
$11.3
Forecast, 2030 (US$M)
$16.5
CAGR, 2024 - 2030
5.6%
Report Coverage
Kuwait

Kuwait hearing aids market highlights

  • The Kuwait hearing aids market generated a revenue of USD 11.3 million in 2023 and is expected to reach USD 16.5 million by 2030.
  • The Kuwait market is expected to grow at a CAGR of 5.6% 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 2023USD 11.3 million
Market revenue in 2030USD 16.5 million
Growth rate5.6% (CAGR from 2023 to 2030)
Largest segmentOutpatient facilities
Fastest growing segmentOUTPATIENT FACILITIES
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHOSPITALS, OUTPATIENT FACILITIES
Key market players worldwideAudicus, 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, Kuwait accounted for 0.2% 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 Middle East & Africa, South Africa hearing aids market is projected to lead the regional market in terms of revenue in 2030.
  • Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 35.8 million by 2030.

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Hearing Aids Market Companies

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Kuwait 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 79.65% in 2023. Horizon Databook has segmented the Kuwait hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Kuwait 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 country-level data and insights on the Kuwait hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Kuwait hearing aids market size, by end use, 2018-2030 (US$M)

Kuwait Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)

Kuwait hearing aids market size, by end use, 2018-2030 (US$M)

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