Argentina Over-the-counter (otc) Hearing Aids Market Size & Outlook
Argentina over-the-counter (otc) hearing aids market, 2018-2030 (US$M)
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Argentina over-the-counter (otc) hearing aids market highlights
- The Argentina over-the-counter (otc) hearing aids market generated a revenue of USD 9.0 million in 2023 and is expected to reach USD 13.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, canal hearing aids was the largest revenue generating product in 2023.
- Behind-the-Ear Hearing Aids is the most lucrative product segment registering the fastest growth during the forecast period.
Over-the-counter (otc) hearing aids market data book summary
| Market revenue in 2023 | USD 9.0 million |
| Market revenue in 2030 | USD 13.2 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Canal hearing aids |
| Fastest growing segment | Behind-the-Ear Hearing Aids |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | PatientPop, GN Store Nord A/S, Sony Group Corp, Audicus, Lexie Hearing |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global over-the-counter (otc) hearing aids market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil over-the-counter (otc) hearing aids market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 21.8 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 |
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Argentina 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 32.22% in 2023. Horizon Databook has segmented the Argentina 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.
The increase in geriatric population, coupled with growing prevalence of moderate hearing loss, is expected to drive the market for OTC hearing aids in Argentina. In 2022, 11.9% of the country’s population was aged 65 years and older.
According to World Bank, in Argentina, the percentage of people aged 65 years and older grew from 7.0% in 1975 to 12% in 2021, with an average annual growth rate of 1.12%. The geriatric population is further estimated to increase and is anticipated to fuel the demand for OTC hearing aids.
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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 country-level data and insights on the Argentina over-the-counter (otc) hearing aids market, including forecasts for subscribers. This country databook contains high-level insights into Argentina over-the-counter (otc) hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina over-the-counter (otc) hearing aids market size, by product, 2018-2030 (US$M)
Argentina Over-The-Counter (OTC) Hearing Aids Market Share, 2023 & 2030 (US$M)
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