South Africa Hearing Loss Disease Treatment Market Size & Outlook
South Africa hearing loss disease treatment market, 2018-2030 (US$M)
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South Africa hearing loss disease treatment market highlights
- The South Africa hearing loss disease treatment market generated a revenue of USD 47.7 million in 2023 and is expected to reach USD 77.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.1% 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 47.7 million |
| Market revenue in 2030 | USD 77.3 million |
| Growth rate | 7.1% (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, South Africa accounted for 0.4% 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 |
|---|
South Africa 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 90.15% in 2023. Horizon Databook has segmented the South Africa hearing loss disease treatment market based on devices, drugs covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is among the most developed countries in the MEA. It has a significant edge over other countries in this region in terms of healthcare facilities and technological advancements. In addition, the government is also actively involved in conducting various health programs to deal with disease burden of hearing loss.
In June 2019, Netcare announced the launch of first national level newborn hearing screening program in the country. The aim of this program was to detect hearing impairments in newborns. In addition, the market players are emphasizing on development of new hearing technologies.
For instance, in January 2023, partnership among MTN and Convo South Africa announced the launch of a 4-month pilot project to strategize access of telecommunication services to individuals with hearing impairment.
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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 South Africa hearing loss disease treatment market, including forecasts for subscribers. This country databook contains high-level insights into South Africa hearing loss disease treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa hearing loss disease treatment market report size, by product, 2018-2030 (US$M)
South Africa Hearing Loss Disease Treatment Market Share, 2023 & 2030 (US$M)
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