China Hearing Loss Disease Treatment Market Size & Outlook
China hearing loss disease treatment market, 2018-2030 (US$M)
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China hearing loss disease treatment market highlights
- The China hearing loss disease treatment market generated a revenue of USD 678.5 million in 2023 and is expected to reach USD 1,211.3 million by 2030.
- The China market is expected to grow at a CAGR of 8.6% 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 678.5 million |
| Market revenue in 2030 | USD 1,211.3 million |
| Growth rate | 8.6% (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, China accounted for 5.0% 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 Asia Pacific, China hearing loss disease treatment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,211.3 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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China 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 89.99% in 2023. Horizon Databook has segmented the China hearing loss disease treatment market based on devices, drugs covering the revenue growth of each sub-segment from 2018 to 2030.
Hearing impairment is one of the majorly reported health conditions in China. In addition, increased need for novel hearing technologies coupled with presence of market players is likely to have positive impact on the market growth.
In May 2022, Signia, a major player in hearing aids, introduced its innovative technologies in China. The newly launched hearing aid is leading-edge Augmented Xperience audiology. In September 2022, Tencent Holdings announced launch of its new hearing aid equipped with AI technology in China market.
Furthermore, continuous R&D activities in China are also expected to offer lucrative environment for China hearing loss treatment market by 2030. For instance, in November 2022, Chinese biotechnology startup Rrgener Therapeutics initiated its gene therapy clinical trial in China for treatment of deafness.
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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 China hearing loss disease treatment market, including forecasts for subscribers. This country databook contains high-level insights into China hearing loss disease treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China hearing loss disease treatment market report size, by product, 2018-2030 (US$M)
China Hearing Loss Disease Treatment Market Share, 2023 & 2030 (US$M)
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