Analysis - by Type (Prescription Hearing Aids and OTC Hearing Aids), Product Type (Hearing Aid Devices and Hearing Implants), Technology (Conventional Hearing Aids and Digital Hearing Aids), Type Of Hearing Loss (Sensorineural Hearing Loss and Conductive Hearing Loss), Patient Type (Adults and Pediatric), and Distribution Channel (Pharmacies, Retail Stores, and Online)
No. of Pages:
85
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Report Code:
BMIRE00030010
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Category:
Life Sciences
The Middle East & Africa hearing aids market was valued at US$ 1,000.59 million in 2022 and is expected to reach US$ 1,314.39 million by 2030; it is estimated to register a CAGR of 3.5% from 2022 to 2030.
Technological Innovations in Hearing Aids Fuel the Middle East & Africa Hearing Aids Market
Over the last ten years, hearing aids have been transformed entirely. These once-basic hearing aids have become multifunctional medical instruments and are projected to evolve further. These latest devices in the market are moving from a basic to a complex digital assistant. They are capable of carrying out tasks beyond only correcting hearing and offering services far beyond their reach. Integrating artificial intelligence (AI) and machine learning in hearing devices is becoming a popular trend in the market. The advent of AI is leading to the development of in-built smart services for patients, such as adaptive sound and active noise cancellation. New technology, such as machine learning, multimodal signal processing, and mobile health technology, is expected to improve speech enhancement, individual fitting, and communication training, thus offering better support for all hearing-impaired patients, including older patients with disabilities or declining cognitive skills. Manufacturers of both OTC and prescription hearing aids are working toward manufacturing hearing aids that are virtually invisible and include capabilities such as Bluetooth streaming, rechargeable batteries, directional microphones, and background noise reduction. As per a 2022 survey titled "Hearing Aid Benefit and Satisfaction Results from the MarkeTrak, technological advancements in hearing aids, including rechargeable batteries, noise-canceling AI, and wireless connectivity, are becoming increasingly widespread. Modern hearing technology has also updated the way hearing care is provided. In the past, wearers would often live with uncalibrated and outdated technology. Now, hearing technology providers such as Widex provide digitally supported care. Virtual consultations, predictive data analytics, and automated calibration help offer the wearers a significantly improved experience. Thus, all the factors above are anticipated to drive the hearing aids market growth.
Middle East & Africa Hearing Aids Market Overview
The increasing number of awareness programs by private and government organizations represents a lucrative opportunity for the hearing aids market in Saudi Arabia. In October 2023, King Abdulaziz University (KAU) organized the "Adrakt" campaign-represented by the ear, nose, and throat department at the faculty of medicine-in cooperation with the cochlear implants and hearing aids at KAU hospital. The campaign aims to raise awareness of hearing impairment and the use of cochlear implants during childhood, contributing to raised hearing screenings for newborns and enhancing the quality of life for people who have lost their hearing ability. A study published online in the December 2021 edition of the International Journal of Audiology illustrates that 10% of children in Saudi Arabia diagnosed with sensorineural hearing loss (SNHL) were subsequently diagnosed with auditory neuropathy spectrum disorder (ANSD). Thus, the demand for hearing aids is increasing in both children and elderly populations in Saudi Arabia.
Middle East & Africa Hearing Aids Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Hearing Aids Market Segmentation
The Middle East & Africa hearing aids market is segmented based on type, product type, technology, type of hearing loss, patient type, distribution channel, and country. Based on type, the Middle East & Africa hearing aids market is bifurcated into prescription hearing aids and OTC hearing aids. The prescription hearing aids segment held a larger market share in 2022.
In terms of product type, the Middle East & Africa hearing aids market is bifurcated into hearing aid devices and hearing implants. The hearing aid devices segment held a larger market share in 2022. Furthermore, the hearing aid devices segment is subsegmented into behind-the-ear (BTE) hearing aid, in-the-ear (ITE) hearing aid, receiver-in-the-ear (RITE) hearing aid, canal hearing aid, and others. Additionally, the hearing implants segment is bifurcated into cochlear implants and bone conduction implants.
By technology, the Middle East & Africa hearing aids market is bifurcated into conventional hearing aids and digital hearing aids. The conventional hearing aids segment held a larger market share in 2022.
Based on type of hearing loss, the Middle East & Africa hearing aids market is bifurcated into sensorineural hearing loss and conductive hearing loss. The sensorineural hearing loss segment held a larger market share in 2022.
Based on patient type, the Middle East & Africa hearing aids market is bifurcated into adults and pediatric. The adults segment held a larger market share in 2022.
Based on distribution channel, the Middle East & Africa hearing aids market is segmented into pharmacies, retail stores, and online. The pharmacies segment held the largest market share in 2022.
Based on country, the Middle East & Africa hearing aids market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa hearing aids market share in 2022.
Starkey Laboratories Inc., Audina Hearing Instruments Inc, GN Store Nord AS, Cochlear Ltd, Sonova Holding AG, and Sonic Innovations Inc are some of the leading companies operating in the Middle East & Africa hearing aids market.
Middle East & Africa Hearing Aids Strategic Insights
Strategic insights for the Middle East & Africa Hearing Aids provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Middle East & Africa Hearing Aids Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,000.59 Million
Market Size by 2030
US$ 1,314.39 Million
Global CAGR (2022 - 2030)
3.5%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
Prescription Hearing Aids and OTC Hearing Aids
By Product Type
Hearing Aid Devices and Hearing Implants
By Technology
Conventional Hearing Aids and Digital Hearing Aids
By Type Of Hearing Loss
Sensorineural Hearing Loss and Conductive Hearing Loss
By Patient Type
Adults and Pediatric
Regions and Countries Covered
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
Market leaders and key company profiles
Starkey Laboratories Inc.
Audina Hearing Instruments Inc
GN Store Nord AS
Cochlear Ltd
Sonova Holding AG
Sonic Innovations Inc
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Middle East & Africa Hearing Aids Regional Insights
The geographic scope of the Middle East & Africa Hearing Aids refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East & Africa Hearing Aids Market
1. Starkey Laboratories Inc.
2. Audina Hearing Instruments Inc
3. GN Store Nord AS
4. Cochlear Ltd
5. Sonova Holding AG
6. Sonic Innovations Inc
Frequently Asked Questions
How big is the Middle East & Africa Hearing Aids Market?
The Middle East & Africa Hearing Aids Market is valued at US$ 1,000.59 Million in 2022, it is projected to reach US$ 1,314.39 Million by 2030.
What is the CAGR for Middle East & Africa Hearing Aids Market by (2022 - 2030)?
As per our report Middle East & Africa Hearing Aids Market, the market size is valued at US$ 1,000.59 Million in 2022, projecting it to reach US$ 1,314.39 Million by 2030. This translates to a CAGR of approximately 3.5% during the forecast period.
What segments are covered in this report?
The Middle East & Africa Hearing Aids Market report typically cover these key segments-
Type (Prescription Hearing Aids and OTC Hearing Aids)
Product Type (Hearing Aid Devices and Hearing Implants)
Technology (Conventional Hearing Aids and Digital Hearing Aids)
Type Of Hearing Loss (Sensorineural Hearing Loss and Conductive Hearing Loss)
Patient Type (Adults and Pediatric)
What is the historic period, base year, and forecast period taken for Middle East & Africa Hearing Aids Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Hearing Aids Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2030
Who are the major players in Middle East & Africa Hearing Aids Market?
The Middle East & Africa Hearing Aids Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Starkey Laboratories Inc.
Audina Hearing Instruments Inc
GN Store Nord AS
Cochlear Ltd
Sonova Holding AG
Sonic Innovations Inc
Who should buy this report?
The Middle East & Africa Hearing Aids Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Middle East & Africa Hearing Aids Market value chain can benefit from the information contained in a comprehensive market report.
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WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
Competitive Analysis and Assessment, Define Business Strategies, Market Outlook and
Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines