Spain Hearing Aids Market Size & Outlook, 2023-2030
Spain hearing aids market, 2018-2030 (US$M)
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Spain hearing aids market highlights
- The Spain hearing aids market generated a revenue of USD 189.6 million in 2023 and is expected to reach USD 274.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.5% 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 189.6 million |
| Market revenue in 2030 | USD 274.9 million |
| Growth rate | 5.5% (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, Spain accounted for 3.0% 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 Europe, Germany hearing aids market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,075.6 million by 2030.
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Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 79.96% in 2023. Horizon Databook has segmented the Spain hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Increased disposable income, rise in the investments made in health infrastructure, and innovation of new hearing devices in the region are the key factors driving the market. In addition, the rise in awareness created among the population with the help of multiple digital advertisements and campaigns boost the demand for hearing aids market.
Increase in the geriatric population is another important factor driving the growth of the market. Some of the companies operating in Spain hearing aids market are Phonak, Benson Hearing, GN Store Nord A/S, Starkey, William Demant Holding A/S, WS Audiology, and Sivantos Pte. Ltd.
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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 country-level data and insights on the Spain hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into Spain hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain hearing aids market size, by end use, 2018-2030 (US$M)
Spain Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
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