The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Middle East Hearing Aid Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Middle East Hearing Aid Industry (2024-2030):
According to the latest report, TheMiddle 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. The report demonstrates the prominent factors propelling the exponential growth of the Middle East Hearing Aid industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR: 5.87%
- Market Value (2023): USD 7.2 Billion
- Market Value (2030): USD 10.73 Billion
What are the major Challenge facing the Middle East Hearing Aid industry?
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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Middle East Hearing Aid Market Segmentation
The Middle East Hearing Aid Market analysis of Markntel Advisors 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
- Hearing Aid Devices- Market Size & Forecast 2019-2030, USD Million
- 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
- 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
- By Country
- The UAE
- Saudi Arabia
- Qatar
- Egypt
- Oman
- Bahrain
- Israel
- Turkey
- Rest of the Middle East
As per the regional aspect, the Middle East Hearing Aid Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/middle-east-hearing-aid-market.html
Top Companies in the Middle East Hearing Aid Market
Medtronic Plc, Johnson & Johnson Middle East FZ-LLC, Abbott Laboratories, Becton, Dickinson & Company (BD), B. Braun Medical Gulf FZ-LLC, Siemens Healthineers AG, GE Healthcare, Stryker ESCS BV, Boston Scientific Corp., Fujifilm Middle Eat FZE etc.
Middle East Hearing Aid Market Recent Development
2024: Sonova Holdings 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.
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