Brazil Over-the-counter (otc) Hearing Aids Market Size & Outlook
Brazil over-the-counter (otc) hearing aids market, 2018-2030 (US$M)
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Brazil over-the-counter (otc) hearing aids market highlights
- The Brazil over-the-counter (otc) hearing aids market generated a revenue of USD 24.3 million in 2023 and is expected to reach USD 36.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.1% 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 24.3 million |
| Market revenue in 2030 | USD 36.8 million |
| Growth rate | 6.1% (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, Brazil accounted for 2.2% 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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Brazil 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 32.92% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil is one of the emerging economies with significant growth potential and is identified as the biggest Latin American market. Growing per capita disposable income is leading to an increase in expenditure on consumer electronics and other lifestyle commodities.
Large population suffering from mild-to-moderate hearing loss, coupled with rapid development of technologically advanced devices, is expected to increase the market penetration of OTC hearing aids in the coming years.
Government initiatives and public healthcare programs providing free healthcare services, such as diagnosis & treatment of hearing loss and hearing aid distribution campaigns, are further expected to drive the market in the country.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil over-the-counter (otc) hearing aids market, including forecasts for subscribers. This country databook contains high-level insights into Brazil over-the-counter (otc) hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil over-the-counter (otc) hearing aids market size, by product, 2018-2030 (US$M)
Brazil Over-The-Counter (OTC) Hearing Aids Market Share, 2023 & 2030 (US$M)
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