Saudi Arabia Hearing Loss Disease Treatment Market Size & Outlook
Saudi Arabia hearing loss disease treatment market, 2018-2030 (US$M)
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Saudi Arabia hearing loss disease treatment market highlights
- The Saudi Arabia hearing loss disease treatment market generated a revenue of USD 45.8 million in 2023 and is expected to reach USD 74.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.3% 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 45.8 million |
| Market revenue in 2030 | USD 74.9 million |
| Growth rate | 7.3% (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, Saudi Arabia accounted for 0.3% 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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Saudi Arabia 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 89.96% in 2023. Horizon Databook has segmented the Saudi Arabia hearing loss disease treatment market based on devices, drugs covering the revenue growth of each sub-segment from 2018 to 2030.
In Saudi Arabia, hearing loss treatment options include hearing aids, cochlear implants, and boneanchored hearing aids. The Ministry of Health is responsible for regulating the sale and distribution of hearing aids and cochlear implants, ensuring their safety and effectiveness.
Audiologists and speech therapists are licensed by the Saudi Commission for Health Specialties, which regulates their practice and ensures they meet certain education and training standards. The government provides some financial assistance for hearing aids and cochlear implants through the Ministry of Social Affairs, as well as through private health insurance plans.
However, access to hearing healthcare services remains a challenge in some areas of the country, particularly in rural areas.
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Target buyers of Saudi Arabia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia hearing loss disease treatment market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia hearing loss disease treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia hearing loss disease treatment market report size, by product, 2018-2030 (US$M)
Saudi Arabia Hearing Loss Disease Treatment Market Share, 2023 & 2030 (US$M)
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