UAE Hearing Aids Market Size & Outlook, 2023-2030
UAE hearing aids market, 2018-2030 (US$M)
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UAE hearing aids market highlights
- The UAE hearing aids market generated a revenue of USD 16.0 million in 2023 and is expected to reach USD 26.5 million by 2030.
- The UAE market is expected to grow at a CAGR of 7.5% 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 16.0 million |
| Market revenue in 2030 | USD 26.5 million |
| Growth rate | 7.5% (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, UAE accounted for 0.3% 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 Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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 80% in 2023. Horizon Databook has segmented the UAE hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
UAE is one of the developed economies in MEA region. According to the World Bank, the ageing population in UAE is expected to increase to 4.4% by the year 2030. Increase in the geriatric population associated with a rise in emergence of hearing disorders and impairment contributes as the key drivers for the growth of the hearing aids market.
The innovations and technological advancements in the hearing instruments attract consumers who are more inclined in using hi-tech devices to treat hearing disorders. Few companies operating in UAE hearing aids market are Widex, Starkey, and Sivantos.
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Target buyers of UAE hearing aids market databook
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Our clientele includes a mix of hearing aids market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 UAE hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into UAE hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE hearing aids market size, by end use, 2018-2030 (US$M)
UAE Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
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