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Middle East and Africa Hearing Aids Market 2020-2028

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    Report

  • 70 Pages
  • April 2020
  • Region: Africa, Middle East
  • Triton Market Research
  • ID: 5010985

MARKET OUTLOOK

This research report on the market for hearing aids in the Middle East and Africa indicates that the industry would witness a rise in revenue, with a CAGR of 6.08% in the forecast period 2020-2028. Saudi Arabia, Turkey, the UAE, South Africa, and Rest of MEA together constitute the hearing aids market in this region.
Turkey’s Instanbul is known for having one of the highest incidences of hearing loss over the world. As per TurkStat, the percentage of the elderly (those above 65 years of age) increased by 16% from 2013 to 2018, accounting for 7.1 million. Hearing aid devices are largely adopted by older adults owing to the problems associated with old age, such as hearing loss. Therefore, the rise in the adoption of hearing aids in Turkey is expected to push the growth of its hearing aids market during the forecast period.

Technological advancements in hearing instruments have benefitted consumers in the United Arab Emirates, with patients using hi-tech devices to treat hearing loss. According to a survey, the country’s residents believe that aging is the primary cause of hearing loss. Statistics from the Dubai Health Authority (DHA) suggest that the percentage of the local population in the country aged over 60 years is set to witness a sharp, twofold increase over the next 20 years. Thus, advancements in technology and the growing aging populace in the country will raise the adoption of hearing instruments, thereby driving the growth of the UAE’s hearing aids market during the forecasting years.

COMPETITIVE OUTLOOK

The dominant companies in the hearing aids market include Amplifon, Cochlear Ltd, Zounds Hearing, Rion Co Ltd, GN Store Nord A/S, Sonova, Demant A/S, and Horentek.

Table of Contents

1. Middle East and Africa Hearing Aids Market - Summary
2. Industry Outlook
2.1. Porter’s Five Forces Model
2.1.1. Threat of New Entrants
2.1.2. Threat of Substitute
2.1.3. Bargaining Power of Buyer
2.1.4. Bargaining Power of Supplier
2.1.5. Intensity of Competitive Rivalry
2.2. Supply Chain Analysis
2.3. Key Insight
2.4. Key Buying Criteria
2.5. Regulatory Framework
2.6. Market Attractiveness Index
2.7. Market Drivers
2.7.1. Potential For Hearing Aids in Emerging Economies
2.7.2. Advancement in Technology
2.7.3. Increasing Geriatric Population
2.8. Market Restraints
2.8.1. Low Penetration and Adoption of Hearing Aids
2.8.2. High Cost of Devices Associated With Hearing Aids
2.9. Market Opportunities
2.9.1. Adoption of Lithium-Ion Batteries
2.9.2. Growing Occurrence of Hearing Loss
2.10. Market Challenges
2.10.1. Lack of Reimbursement
2.10.2. Lack of Awareness
3. Hearing Aids Market Outlook - by Types of Hearing Loss
3.1. Sensorineural Hearing Loss
3.2. Conductive Hearing Loss
4. Hearing Aids Market Outlook - by Types of Patient
4.1. Adults
4.2. Pediatrics
5. Hearing Aids Market Outlook - by Product
5.1. Hearing Aids Devices
5.2. Hearing Implants
6. Hearing Aids Market – Middle East and Africa
6.1. Country Analysis
6.1.1. Saudi Arabia
6.1.2. Turkey
6.1.3. United Arab Emirates
6.1.4. South Africa
6.1.5. Rest of Middle East & Africa
7. Company Profiles
7.1. Amplifon
7.2. Arphi Electronics Pvt Ltd
7.3. Audina Hearing Instruments Inc
7.4. Cochlear Ltd
7.5. GN Store Nord A/S
7.6. Horentek
7.7. Med-El
7.8. Microson
7.9. Rion Co Ltd
7.10. Sebotek Hearing Systems Llc
7.11. Siemens AG
7.12. Sonova
7.13. Starkey
7.14. Demant A/S
7.15. Zounds Hearing
8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.1.1. Objectives of Study
8.1.2. Scope of Study
8.2. Sources of Data
8.2.1. Primary Data Sources
8.2.2. Secondary Data Sources
8.3. Research Methodology
8.3.1. Evaluation of Proposed Market
8.3.2. Identification of Data Sources
8.3.3. Assessment of Market Determinants
8.3.4. Data Collection
8.3.5. Data Validation & Analysis
List of Tables
Table 1 Middle East and Africa Hearing Aids Market 2020-2028 ($ Million)
Table 2 Middle East and Africa Hearing Aids Market, by Types of Hearing Loss, 2020-2028 ($ Million)
Table 3 Middle East and Africa Hearing Aids Market, by Types of Patient, 2020-2028 ($ Million)
Table 4 Middle East and Africa Hearing Aids Market, by Products, 2020-2028 ($ Million)
Table 5 Middle East and Africa Hearing Aids Market, by Country, 2020-2028 ($ Million)
List of Figures
Figure 1 Middle East and Africa Hearing Aids Market 2020-2028 ($ Million)
Figure 2 Supply Chain Analysis in Hearing Aids Industry
Figure 3 Key Buying Criteria
Figure 4 Number of People With Hearing Loss (Million)
Figure 5 Middle East and Africa Hearing Aids Market, by Sensorineural Hearing Loss, 2020-2028 ($ Million)
Figure 6 Middle East and Africa Hearing Aids Market, by Conductive Hearing Loss, 2020-2028 ($ Million)
Figure 7 Middle East and Africa Hearing Aids Market, by Adults, 2020-2028 ($ Million)
Figure 8 Middle East and Africa Hearing Aids Market, by Pediatrics, 2020-2028 ($ Million)
Figure 9 Middle East and Africa Hearing Aids Market, by Hearing Aids Devices, 2020-2028 ($ Million)
Figure 10 Middle East and Africa Hearing Aids Market, by Hearing Implants, 2020-2028 ($ Million)
Figure 11 Saudi Arabia Hearing Aids Market 2020-2028 ($ Million)
Figure 12 Turkey Hearing Aids Market 2020-2028 ($ Million)
Figure 13 United Arab Emirates Hearing Aids Market 2020-2028 ($ Million)
Figure 14 South Africa Hearing Aids Market 2020-2028 ($ Million)
Figure 15 Rest of Middle East and Africa Hearing Aids Market 2020-2028 ($ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Amplifon
  • Arphi Electronics PVT Ltd
  • Audina Hearing Instruments Inc
  • Cochlear Ltd
  • GN Store Nord A/S
  • Horentek
  • Med-El
  • Microson
  • Rion Co Ltd
  • Sebotek Hearing Systems Llc
  • Siemens Ag
  • Sonova
  • Starkey
  • Demant A/S
  • Zounds Heari

Methodology

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