Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Middle East Hearing Aid Market, The Middle East Hearing Aid Market size was valued at USD 7.2 billion in 2023 & is expected to reach USD 10.73 billion by 2030. Along with this, the market is expected to grow at a CAGR of 5.87% during the forecast period of 2024-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Middle East Hearing Aid Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2024-2030
- Market Size by 2023: 7.2 billion
- CAGR (2024-2030): 5.87%
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Middle East Hearing Aid Market Segmentation Breakdown:
The Middle East Hearing Aid Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
By Product
- Hearing Aid Devices- Market Size & Forecast 2019-2030, USD Million
- Behind-the-ear Hearing Aids- Market Size & Forecast 2019-2030, USD Million
- Receiver-in-the-ear Hearing Aids- Market Size & Forecast 2019-2030, USD Million
- In-the-ear Hearing Aids- Market Size & Forecast 2019-2030, USD Million
- Canal Hearing Aids- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Hearing Implants- Market Size & Forecast 2019-2030, USD Million
- Cochlear Implants- Market Size & Forecast 2019-2030, USD Million
- Bone-Anchored Systems- Market Size & Forecast 2019-2030, USD Million
Behind-the-ear Hearing Aid Devices occupied a substantial percentage of the share in the Middle East Hearing Aid Market.
By Technology
- Digital- Market Size & Forecast 2019-2030, USD Million
- Analog- Market Size & Forecast 2019-2030, USD Million
By Patient Type
- Adult- Market Size & Forecast 2019-2030, USD Million
- Pediatric- Market Size & Forecast 2019-2030, USD Million
By Type of Hearing Loss
- Sensorineural Hearing Loss- Market Size & Forecast 2019-2030, USD Million
- Conductive Hearing Loss- Market Size & Forecast 2019-2030, USD Million
Sensorineural Hearing Loss has held a significant market share in the Middle East Hearing Aid Market.
By Distribution Channel
- Audiology and ENT Clinics- Market Size & Forecast 2019-2030, USD Million
- Pharmacies- Market Size & Forecast 2019-2030, USD Million
- Hospitals- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
Geographical Growth Insights:
By Country
- The UAE
- Saudi Arabia
- Qatar
- Egypt
- Oman
- Bahrain
- Israel
- Turkey
- Rest of the Middle East
The UAE has been able to capture a sizeable share of the Middle East Hearing Aid Market. This can be attributed to the rising health infrastructure, hence leading to growing demand for hearing aids.
MarkNtel Advisors Highlights Key Market Drivers for Middle East Hearing Aid Market:
Increasing Prevalence of Hearing Loss – The escalating number of hearing loss cases has been a substantial driver in the Middle East Hearing Aid Market. Major factors responsible for the rising prevalence of hearing loss in the Middle East have been genetic and environmental factors. Exposure to loud noises and adverse effects of medications have escalated the prevalence of hearing loss in the Middle East. Hence, hearing loss has been a major issue in the region requiring proper solutions to mitigate the issue. Also, the population in the region has a genetic makeup that is more prone to hearing loss in the Middle Eastern population. For instance,
- In 2024, in a study conducted on fifty-nine pediatric patients in Qatar, it was found that the GJB2 gene was the most common genetic cause of non-syndromic hearing loss in the Qatar population.
Hence, owing to the presence of genetic patterns causing hearing loss, the instances have been escalating across the region. This has been one of the major market drivers across the region and would continue to increase the market growth in the forecast years as well.
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A Comprehensive Analysis of Leading Companies in Middle East Hearing Aid Market
- Starkey
- Widex
- Sonova
- Sivantos
- GN Store Nord
- Cochlear Limited
- Benson Hearing
- Phonak
- William Demant
- ReSound
- Others (Microson, Horentek, Amplifon, etc.)
Middle East Hearing Aid Market Recent Development:
- 2024: SonovaHoldings AG, completed the acquisition of Alpaca Audiology, a provider of hearing care solutions. The acquisition aims to double Sonova’s network in the US and expand access across the Americas, Europe, the Middle East, Africa, and Asia.
- 2024: Phonak, supported the opening of the Moroccan Hearing Aid Center (CMPA) in Morocco emphasizing a commitment to addressing the pressing needs of individuals with hearing impairments on a global scale.
What are the growth Challenge driving the Middle East Hearing Aid Market?
Restricted Access to Healthcare Services in Developing Regions & Limited Awareness – The Middle East Hearing Aid Market has faced a substantial challenge concerning the availability of healthcare offerings in developing areas. A large percentage of the population residing in these regions has been vulnerable to inaccessibility of proper hearing care, leading to delayed prognosis & treatment of their hearing impairment.
In addition, several countries with high levels of conflict like Yemen, Syria, etc., require increased medical assistance, which has been negatively affected by the low supply of medical professionals across these countries. Hence, as the medical facilities are not available for a larger population base across the region, the demand for hearing aid devices was also negatively affected due to lower diagnosis. Moreover, patients across the developing regions are also generally unaware of the availability of hearing aid devices, which has been further affecting the adoption of these devices.
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