Middle East: Hearing Aid Market 2024

Hearing Aid Market Size in the Middle East

The Middle Eastern hearing aid market rose markedly to $X in 2023, picking up by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2023.

Hearing Aid Production in the Middle East

In value terms, hearing aid production stood at $X in 2023 estimated in export price. The total production indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Hearing Aid Exports

Exports in the Middle East

For the third consecutive year, the Middle East recorded growth in shipments abroad of hearing aids (excl. parts and accessories), which increased by X% to X units in 2023. Overall, exports saw a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, hearing aid exports soared to $X in 2023. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the key exporter of hearing aids (excl. parts and accessories) in the Middle East, with the volume of exports finishing at X units, which was approx. X% of total exports in 2023. Israel (X units) held the second position in the ranking, followed by the United Arab Emirates (X units) and Jordan (X units). All these countries together held near X% share of total exports. Saudi Arabia (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Saudi Arabia (X%), Jordan (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. While the share of Israel (X p.p.), Jordan (X p.p.), Turkey (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest hearing aid supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, with an increase of X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Hearing Aid Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded growth in supplies from abroad of hearing aids (excl. parts and accessories), which increased by X% to X units in 2023. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, hearing aid imports soared to $X in 2023. Total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey represented the main importer of hearing aids (excl. parts and accessories) in the Middle East, with the volume of imports amounting to X units, which was near X% of total imports in 2023. Israel (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Iran (X%).

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hearing aid importing markets in the Middle East were Turkey ($X), Israel ($X) and Iran ($X), together comprising X% of total imports.

Among the main importing countries, Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform