Spain Over-the-counter (otc) Hearing Aids Market Size & Outlook
Spain over-the-counter (otc) hearing aids market, 2018-2030 (US$M)
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Spain over-the-counter (otc) hearing aids market highlights
- The Spain over-the-counter (otc) hearing aids market generated a revenue of USD 35.1 million in 2023 and is expected to reach USD 52.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 5.8% 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 35.1 million |
| Market revenue in 2030 | USD 52.0 million |
| Growth rate | 5.8% (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, Spain accounted for 3.2% 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 Europe, UK over-the-counter (otc) hearing aids market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 98.7 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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Spain 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 33.05% in 2023. Horizon Databook has segmented the Spain 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.
With over 47 million inhabitants in 2019, Spain is one of the most important markets in Europe for OTC hearing aids. The country's healthcare delivery system is comprehensive, with an active public health system.
This can create favorable conditions for market expansion in the region. Increasing geriatric population is another significant factor driving the market. This places Spain in the lower ranks among European countries since two-thirds of the people who have hearing loss are not wearing 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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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 Spain over-the-counter (otc) hearing aids market, including forecasts for subscribers. This country databook contains high-level insights into Spain over-the-counter (otc) hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain over-the-counter (otc) hearing aids market size, by product, 2018-2030 (US$M)
Spain Over-The-Counter (OTC) Hearing Aids Market Share, 2023 & 2030 (US$M)
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