Egypt Hearing-Aid Devices Market to be Dominated by the Digital Segment by 2028
Growing advancements in hearing aid devices is expected
to drive Egypt hearing-aid devices market in the forecast period 2024-2028.
According to TechSci Research report, “Egypt Hearing-Aid Devices Market – By
Region, Competition, Forecast and Opportunities, 2018-2028F”, the Egypt hearing-aid
devices market is anticipated to grow at a steady rate in the forecast period, 2024-2028.
This can be attributed to the rise in cases of ear problems in the country,
growing technological advancement in devices such as Bluetooth enriched
devices, wireless hearing devices, and enhancement of hearing-aid devices with
digital features.
According to
World Health Organization (WHO), approximately 2.5 billion people worldwide or 1 in 4 people ─ will be living with
some degree of hearing loss by 2050. If untreated, at least 700 million of
those people will need access to ear and hearing treatment along with other
rehabilitative programs. Hearing loss is a condition of a
person’s ability of not able to hear thresholds of 20 dB or higher in his ear.
It can affect one or both ears, can be mild, moderate, fairly severe, severe,
or profound in many cases. Congenital or early-onset childhood hearing loss,
ongoing middle ear infections, noise-induced hearing loss, age-related hearing
loss, and ototoxic medicines that harm the inner ear, are some of the major
causes causing condition of hearing loss. With wireless hearing aids, users can
adjust the volume of their hearing aids or switch to different modes with ease
using their smartphones, making it easier to hear in challenging listening
situations. With the ability to stream audio directly to
their hearing aids, users can enjoy music, phone calls, and other audio content
without having to remove their hearing aids or use additional devices. This
makes it easier for people with hearing loss to stay connected and engage with
the world around them, making them more in demand among the population.
Moreover, if left
untreated, ear infections, which are rather common in Egypt, can result in
permanent hearing loss. For those who have suffered from hearing loss because
of ear infections, this has raised demand for hearing aid implants.
Among the
Egyptian youth, especially the children, the higher usage of amplified music is
highly affecting the ear of people using them and is therefore one of the major
reasons of increasing cases of ear problems among the population. It is thereby
one of the primary drivers for hearing ear-devices in the country.
Furthermore,
the Egyptian government has taken steps to support the hearing-impaired
population, including providing subsidies for hearing aids and cochlear
implants. This has helped to make hearing aid implants more affordable and
accessible for those who need them.
Also, several
hearing aid-device companies are investing their resources towards
manufacturing devices with increased hearing efficiency and better performance.
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Based on type,
the market is segmented into Hearing Aids and Hearing Implants. The hearing
aids segment dominated the market in 2022 and is expected to hold the highest
market share in the forecast period, which is attributed to the increased
advancement in technology used. Several manufacturers are enhancing hearing
aid-devices with advanced technology and digital features such as Bluetooth
connectivity. However, the unavailability of reimbursement services is
restraining the hearing-aid devices market.
Based on the
type of hearing loss, the market is segmented into Sensorineural and Conductive.
Sensorineural hearing loss will dominate the market in 2022 and is expected to rise
in the forecast period. Sensorineural hearing loss is the majorly observed
hearing loss type as it is most observed among the geriatric population. The
hearing aids can help the geriatric population to use them in case of mild and
moderate sensorineural hearing loss issue.
Major companies operating in the Global Egypt
hearing-aid devices Market are:
- WIDEX
- Starkey Hearing
Technologies
- Amplifon Middle East
- Siemens
- Phonak
- Oticon
- ReSound
Companies
operating in the market are following strategies such as continuously
innovating tools to improve image quality and creating specialized clinical
tools to help the patients see more anatomical detail with greater certainty,
enabling them to provide the best possible patient care, to stay competitive,
and have an edge over other players operating in the industry.
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“Adults are expected to dominate the Egypt
hearing-aid devices market as hearing loss is the most common problem observed
among the adults and geriatric population. Thus, it constitutes a major segment
contributing a huge demand for Egypt hearing-aid devices market. Besides, the
growing research & development and the advancement in the hearing aid
devices in the country is adding to the market growth. Also, the supporting
government subsidiaries in hearing aid devices promoting ear health, are
further factors expected to support the market growth in the region” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Egypt
Hearing-Aid Devices Market,
By Type (Hearing Aids and Hearing Implants), By Type of Hearing Loss
(Sensorineural and Conductive), By Product Type (Wired and Wireless), By
Technology Type (Digital and Analog), By Patient Type (Adult and Pediatric), By
Distribution Channel (Online and Offline), By Region, Competition Forecast
& Opportunities, 2028”, has evaluated the future
growth potential of Egypt hearing-aid devices Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Egypt Hearing-aid devices Market.
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