Middle East & Africa Hearing Aids Market Size & Outlook
Middle East & Africa hearing aids market, 2018-2030 (US$M)
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MEA hearing aids market highlights
- The MEA hearing aids market generated a revenue of USD 130.8 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 130.8 million |
| Market revenue in 2030 | USD 207.7 million |
| Growth rate | 6.8% (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, MEA region accounted for 2.1% 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.
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Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 79.82% in 2023. Horizon Databook has segmented the Middle East & Africa hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Economic growth and development are highly fragmented in Middle Eastern countries and the African region. Increasing prevalence of hearing disabilities in geriatric population coupled with rising demand for technologically advanced, cost-effective hearing solutions is expected to propel market growth over the forecast period.
According to WHO, in 2012, the Middle East and North African region accounted for 3% of the total global hearing loss cases, leading to a high demand for inexpensive hearing aids in MEA. Few companies operating in MEA hearing aids market are Widex, Starkey, and Sivantos.
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Our clientele includes a mix of hearing aids market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hearing aids market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
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