Brazil Hearing Loss Disease Treatment Market Size & Outlook
Brazil hearing loss disease treatment market, 2018-2030 (US$M)
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Brazil hearing loss disease treatment market highlights
- The Brazil hearing loss disease treatment market generated a revenue of USD 353.8 million in 2023 and is expected to reach USD 567.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, devices was the largest revenue generating product in 2023.
- Drugs is the most lucrative product segment registering the fastest growth during the forecast period.
Hearing loss disease treatment market data book summary
| Market revenue in 2023 | USD 353.8 million |
| Market revenue in 2030 | USD 567.7 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Devices |
| Fastest growing segment | Drugs |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Drugs |
| Key market players worldwide | Novartis AG ADR, Frequency Therapeutics, Acousia Therapeutics, Sensorion, Pipeline Therapeutics, Audina Hearing Instruments, Astellas Pharma Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.6% of the global hearing loss disease treatment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hearing loss disease treatment market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 567.7 million by 2030.
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Hearing Loss Disease Treatment Market Scope
Hearing Loss Disease Treatment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil hearing loss disease treatment 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 loss disease treatment market will help companies and investors design strategic landscapes.
Devices was the largest segment with a revenue share of 90.08% in 2023. Horizon Databook has segmented the Brazil hearing loss disease treatment market based on devices, drugs covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazilian regulatory body, Agência Nacional de Sade Suplementar (ANS), which is linked to the Ministry of Health, is in charge of regulating the country's insurance providers and private healthcare industry. ANS's main responsibilities include establishing the laws governing private plans and specifying the minimum level of protection that plans must provide to affiliates or around 22% of the Brazilian population.
ANS Rol outlines the minimal mandatory coverage of services (diagnostics, procedures, and treatments) that private payers are required to provide. Over 3,000 medical procedures, diagnostic tests, drugs, and other medical services are included in a list that is frequently updated.
In Brazil, hearing loss treatment is generally covered by the national healthcare system, known as the Unified Health System (SUS). This includes coverage for hearing aids, cochlear implants, and other hearing loss treatments, although patients may need to pay out-of-pocket expenses to access more advanced or expensive treatments.
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Our clientele includes a mix of hearing loss disease treatment 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 Brazil hearing loss disease treatment market, including forecasts for subscribers. This country databook contains high-level insights into Brazil hearing loss disease treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil hearing loss disease treatment market report size, by product, 2018-2030 (US$M)
Brazil Hearing Loss Disease Treatment Market Share, 2023 & 2030 (US$M)
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