Kuwait Hearing Loss Disease Treatment Market Size & Outlook
Kuwait hearing loss disease treatment market, 2018-2030 (US$M)
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Kuwait hearing loss disease treatment market highlights
- The Kuwait hearing loss disease treatment market generated a revenue of USD 11.9 million in 2023 and is expected to reach USD 18.0 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 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 11.9 million |
| Market revenue in 2030 | USD 18.0 million |
| Growth rate | 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, Kuwait accounted for 0.1% 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 Middle East & Africa, South Africa hearing loss disease treatment 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 74.9 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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Kuwait 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 89.92% in 2023. Horizon Databook has segmented the Kuwait hearing loss disease treatment market based on devices, drugs covering the revenue growth of each sub-segment from 2018 to 2030.
The Ministry of Health in Kuwait is responsible for the regulation of pharmaceutical and medical devices in the country. For entry into Kuwait, a company must apply for marketing authorization submitted to the Ministry of Health for evaluation and approval.
Furthermore, medical devices used for diagnosis must meet the product & technical class-specific provisions in the Gulf Health Guidelines, and should be registered with competent authorities, such as the EMA & U.S. FDA.
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Target buyers of Kuwait hearing loss disease treatment market databook
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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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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 Kuwait hearing loss disease treatment market, including forecasts for subscribers. This country databook contains high-level insights into Kuwait hearing loss disease treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait hearing loss disease treatment market report size, by product, 2018-2030 (US$M)
Kuwait Hearing Loss Disease Treatment Market Share, 2023 & 2030 (US$M)
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