Global Over-the-counter (otc) Hearing Aids Market Size & Outlook
Global over-the-counter (otc) hearing aids market, 2018-2030 (US$M)
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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 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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Our clientele includes a mix of over-the-counter (otc) hearing aids market companies, investment firms, advisory firms & academic institutions.
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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.
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Global over-the-counter (otc) hearing aids market size, by regions, 2018-2030 (US$M)
Top 10 countries: Over-the-counter (otc) hearing aids market size, 2023 (US$M)
Global over-the-counter (otc) hearing aids market share, by product, 2023 & 2030 (%, US$M)
Over-the-counter (otc) hearing aids market: Opportunity assessment by country
Global over-the-counter (otc) hearing aids market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 99.5 | 139.3 | 203.1 | 284.5 | 372.9 | 392.2 | 414.2 | 439.0 | 467.0 | 498.7 | 534.6 | 575.1 | 621.1 | 6.8% |
| Europe | 94.9 | 132.7 | 193.3 | 270.3 | 353.9 | 370.1 | 388.6 | 409.6 | 433.4 | 460.2 | 490.6 | 524.9 | 563.7 | 6.2% |
| Asia Pacific | 61.5 | 86.4 | 126.6 | 178.2 | 234.7 | 248.1 | 263.3 | 280.5 | 299.9 | 321.9 | 346.8 | 375.1 | 407.1 | 7.3% |
| Latin America | 18.1 | 25.1 | 36.3 | 50.4 | 65.6 | 68.5 | 71.7 | 75.4 | 79.6 | 84.4 | 89.7 | 95.8 | 102.6 | 6.0% |
| MEA | 11.5 | 15.1 | 20.6 | 26.8 | 32.4 | 33.5 | 34.6 | 36.0 | 37.5 | 39.1 | 41.0 | 43.0 | 45.2 | 4.4% |
| Overall | 285.5 | 398.6 | 580.0 | 810.2 | 1,059.4 | 1,112.4 | 1,172.5 | 1,240.4 | 1,317.4 | 1,404.3 | 1,502.6 | 1,613.8 | 1,739.7 | 6.6% |
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