Global Over-the-counter (otc) Hearing Aids Market Size & Outlook
The over-the-counter (otc) hearing aids industry worldwide is expected to reach a projected revenue of US$ 1,739.7 million by 2030. A compound annual growth rate of 6.6% is expected of the worldwide over-the-counter (otc) hearing aids industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,112.4
Forecast, 2030 (US$M)
$1,739.7
CAGR, 2024 - 2030
6.6%
Report Coverage
Worldwide
Global over-the-counter (otc) hearing aids market, 2018-2030 (US$M)
Related Markets
Global over-the-counter (otc) hearing aids market highlights
- The global over-the-counter (otc) hearing aids market generated a revenue of USD 1,112.4 million in 2023 and is expected to reach USD 1,739.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.6% by 2030.
- In terms of segment, canal hearing aids accounted for a revenue of USD 366.3 million in 2023.
- Behind-the-Ear Hearing Aids is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,112.4 million |
| Market revenue in 2030 | USD 1,739.7 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Canal hearing aids |
| Fastest growing segment | Behind-the-Ear Hearing Aids |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-the-Ear Hearing Aids, Receiver-in-the-Ear Hearing Aids, Behind-the-Ear Hearing Aids, Canal Hearing Aids |
Other key industry trends
- In terms of revenue, the North America accounted for 35.3% of the global over-the-counter (otc) hearing aids market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 6.3 million by 2030.
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Over-The-Counter (OTC) Hearing Aids Market Scope
Over-the-counter (otc) hearing aids market segmentation & scope
Over-The-Counter (OTC) Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global over-the-counter (otc) hearing aids 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 over-the-counter (otc) hearing aids market will help companies and investors design strategic landscapes.
canal hearing aids was the largest segment with a revenue share of 32.93% in 2023. Horizon Databook has segmented the Global over-the-counter (otc) hearing aids market based on in-the-ear hearing aids, receiver-in-the-ear hearing aids, behind-the-ear hearing aids, canal hearing aids covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Over-The-Counter (OTC) Hearing Aids Product Outlook (Revenue, USD Million, 2018-2030)
- In-the-Ear Hearing Aids
- Receiver-in-the-Ear Hearing Aids
- Behind-the-Ear Hearing Aids
- Canal Hearing Aids
- Global Over-The-Counter (OTC) Hearing Aids Technology Outlook (Revenue, USD Million, 2018-2030)
- Digital Hearing Aids
- Analog Hearing Aids
- Global Over-The-Counter (OTC) Hearing Aids Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Retail
- Audiology Offices
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Horizon Databook provides a detailed overview of global-level data and insights on the Global over-the-counter (otc) hearing aids market, including forecasts for subscribers. This global databook contains high-level insights into Global over-the-counter (otc) hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global over-the-counter (otc) hearing aids market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Over-the-counter (otc) hearing aids market size, 2023 (USD Million)
Top 10 countries: Over-the-counter (otc) hearing aids market size, 2023 (USD Million)
Global over-the-counter (otc) hearing aids market, by region, 2023 (US$M)
Related regional statistics
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