Saudi Arabia Hearing Aids Market
Saudi Arabia Hearing Aids Market Expands at Significant CAGR of 7.6% During 2023–2029
Published | 24 January 2023
Saudi Arabia hearing aids market is flourishing owing to an aging population prone to increasing deafness, noise pollution from heavy-duty industries, technology advancements, and aesthetically pleasing miniature devices.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia hearing aids market size to grow at a significant CAGR of 7.6% during the forecast period between 2023 and 2029. The growing awareness of technologically advanced devices for the treatment of hearing impairment and an increase in the prevalence of hearing loss in the elderly population are two major factors influencing the demand for hearing aids. As more governments and nonprofit organizations launch campaigns to raise public awareness of hearing loss treatments, there is an increase in the demand for hearing aids. Rising noise pollution has a significant negative impact on people's hearing abilities. Noise pollution from heavy-duty industries and public carnivals is predicted to impair adults' hearing abilities. It, in turn, is expected to drive Saudi Arabia hearing aids market during the period in analysis.
Saudi Arabia Hearing Aids Market – Overview
A hearing aid is a device that helps people with hearing loss regain their hearing by producing audible sounds. An audiologist will typically determine hearing aid prospects and also implement the device based on the nature and severity of the cured hearing loss. The amount of benefit experienced by the hearing aid user is multi-factorial, taking into account the severity and etiology of the hearing damage, the technology, the device's fitting, and the user's enthusiasm, personality, daily life, and overall fitness. Hearing aids vary in size, control, and integrated circuit. For example, behind-the-ear (BTE) hearing aids consist of a hard plastic case worn behind the ear and connected to a receiver.
Increasing innovations in hearing aid technology and devices
With the introduction of digital technology linked with Bluetooth, hearing aid technology has advanced significantly. For instance, you can stream audio right into your hearing aids with the OPN from Oticon, which was designed for iPhone, iPad, and iPod touch. Through a network called the "Internet of Things," OPN can also access the internet. The Internet of Things is a system that allows different gadgets to connect and communicate with one another online. The demand for patient comfort is increasing, which presents a huge opportunity for hearing aid manufacturers. The fitting of hearing aids is among the most important considerations. The hearing aid market, which is a technologically driven sector of the economy, has seen the development of indiscernible hearing aids, smart connected hearing aids (AI, Bluetooth-enabled, which can be connected to Android or iOS), and other cutting-edge devices. For instance, in August 2021 Phonak unveiled Audéo Life, the first waterproof rechargeable hearing aid. With new features and technology, hearing aid manufacturers are enhancing patient experiences, which is expected to drive market expansion in the years to come.
Hearing loss carries a social stigma.
Aside from the high price of hearing aids, the societal stigma associated with hearing loss is a significant impediment to the market expansion of the best hearing aids. People who have hearing loss may resist treatment because it has a negative connotation. Many people believe that wearing a hearing aid gives them the appearance of being older, weaker, less capable, or even disabled. Hearing loss that is not treated not only persists, but it also leads to cognitive decline, social disengagement, despair, and, eventually, dementia. Such preconceived notions about hearing loss contribute to the negative growth of the hearing aid industry.
Impact of COVID-19 on Saudi Arabia hearing aids Market
Lockdowns caused by the COVID-19 pandemic led to a variety of limitations, including social isolation, school closures, cancellation of conventions and meetings, and other COVID-19 prevention measures. The pandemic hurt overall sales of hearing aid assistance products by delaying procedures like the cochlear implantation procedure, one of the most crucial surgeries to treat hearing issues. Leading manufacturers' hearing aid sales have decreased as a result. Despite these obstacles, as the COVID-19 situation becomes more commonplace across the country, the hearing aids industry and other medical sectors are gradually regaining ground.
Saudi Arabia hearing aids e Market – By Types of Hearing Loss
Saudi Arabia's hearing aids market is divided into Sensorineural Hearing Loss and Conductive Hearing Loss. The market is expected to be dominated by sensorineural hearing impairment. The most common type of permanent hearing loss caused by inner ear damage is sensorineural hearing loss, also known as SNHL. Medicine and surgery are rarely used to treat SNHL. Hearing aids can help you hear better. Head trauma or sudden changes in air pressure (such as an aeroplane descent) cause the inner ear fluid compartment to rupture or leak, resulting in sensorineural hearing loss.
Saudi Arabia hearing loss market is fiercely competitive, with ReSound (GN), Phonak AG, Starkey Hearing Technologies, Widex A/S, RION CO.LTD, Oticon, Signia, Microson , Batterjee & Bros. Co.in, Cochlear Limited, Arab tone in the industry. companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Saudi Arabia hearing loss market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Hearing Loss Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Hearing Loss Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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