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.
According to MarkNtel Advisors study, 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.
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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Market Growth Driver: The increasing real estate development projects as well as the growing demand for residential property in Saudi Arabia has infused the growth of home furniture in the country. Moreover, the government of Saudi Arabia has taken several initiatives, such as the Housing Program Vision 2030, the Sakani Program, and the Ministry of Housing Infrastructure Program, which has heightened the establishment of new residential units in the country.
Middle East Hearing Aid Market Key Players:
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.
Market Segmentation Overview:
By Product
-Hearing Aid Devices
-Behind-the-ear Hearing Aids
-Receiver-in-the-ear Hearing Aids
-In-the-ear Hearing Aids
-Canal Hearing Aids
-Others
-Hearing Implants
-Cochlear Implants
-Bone-Anchored Systems
Behind-the-ear Hearing Aid Devices occupied a substantial percentage of the share in the Middle East Hearing Aid Market. This is due to the increasing old-age population and the easy functioning of such devices. The older population is continuously growing in the region, and they are more prone to loss of hearing ability; this population also widely prefers behind-the-ear hearing aids for their ease.
BTE hearing aids have better sound quality & amplification power, thus being preferred among its users. These devices provide smooth use, thereby making them a popular preference among patients. Moreover, in recent times, manufacturers have been making some bets on the research & development of BTE devices, thus further building their capabilities in design & features.
By Technology
-Digital
-Analog
By Patient Type
-Adult
-Pediatric
By Type of Hearing Loss
-Sensorineural Hearing Loss
-Conductive Hearing Loss
By Distribution Channel
-Audiology and ENT Clinics
-Pharmacies
-Hospitals
-Others
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By Region
- Central
- East
- West
- South
The Saudi Arabia Cardiovascular Recent Development
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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