Europe Hearing Aids Market Forecast 2022-2030
KEY FINDINGS
The Europe hearing aids market is projected to record a CAGR of 6.98% during the estimated years of 2022 to 2030. The market growth of the region is primarily credited to the presence of favorable guidelines, improved healthcare infrastructure, the increasing awareness of hearing aids for treating hearing disorders, as well as the availability of technologically advanced hearing aids.
MARKET INSIGHTS
The Europe hearing aids market growth analysis entails the assessment of the Netherlands, Nordic Countries, Spain, Russia, Italy, Germany, the United Kingdom, France, and Rest of Europe. The hearing aids market in France is augmenting on account of the increasing burden of hearing loss as well as the rising technological advancements across the country. As per Jean de Kervasdoué, in the article published in 2020 titled, ‘Economic impact of hearing loss in France and developed countries,’ hearing loss in France impacts nearly 10% of the population, with more than 6 million people facing challenges in terms of hearing, in their daily lives.
Older French adults are the most impacted, with one-third of the geriatric population anticipated experiencing higher hearing loss during their life after exposure to noise or through a natural and progressive phenomenon. Moreover, according to a 2018 report, although six million people suffered from hearing problems in the country, only two million were able to access the benefits of hearing aids. Hence, these factors are set to influence the Europe hearing aids market growth over the forecasted years.
COMPETITIVE INSIGHTS
Some of the leading players operating in the market are GN Store Nord, Horentek, Microson, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Advancements In Technology
- 3.1.2. Prevalence Of Disabling Hearing Loss
- 3.1.3. Public Awareness And Initiatives On Hearing Loss
- 3.2. Market Restraints
- 3.2.1. Existence Of Several Cost-effective Alternatives To Hearing Aid Devices
- 3.2.2. Significant Cost Of Hearing Aids Devices
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Hearing Aids Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. New Entrants
- 4.3.4. Substitution
- 4.3.5. Industry Rivalry
- 4.4. Supply Chain Analysis
- 4.5. Key Buying Criteria
- 4.6. Regulatory Framework
- 4.7. Opportunity Matrix
- 4.8. Vendor Landscape
- 5. Market By Product
- 5.1. Hearing Aid Devices
- 5.1.1. Behind-the-ear (Bte)
- 5.1.2. In-the-canal (Itc) And Completely-in-the-canal (Cic)
- 5.1.3. In-the-ear (Ite)
- 5.1.4. Other Hearing Aid Devices
- 5.2. Hearing Implants
- 5.2.1. Cochlear Implants
- 5.2.2. Bone-anchored Systems
- 6. Market By Technology
- 6.1. Digital Hearing Aids
- 6.2. Conventional Hearing Aids
- 7. Market By Types Of Hearing Loss
- 7.1. Sensorineural Hearing Loss
- 7.2. Conductive Hearing Loss
- 8. Market By Patient Type
- 8.1. Adults
- 8.2. Pediatrics / Children
- 9. Market By Distribution Channel
- 9.1. Audiology And Ent Clinics
- 9.2. Pharmacies
- 9.3. Hospitals
- 10. Geographical Analysis
- 10.1. Europe
- 10.1.1. Market Size & Estimates
- 10.1.2. Key Growth Enablers
- 10.1.3. Key Challenges
- 10.1.4. Key Players
- 10.1.5. Country Analysis
- 10.1.5.1. Germany
- 10.1.5.2. France
- 10.1.5.3. United Kingdom
- 10.1.5.4. Italy
- 10.1.5.5. Russia
- 10.1.5.6. Spain
- 10.1.5.7. Netherlands
- 10.1.5.8. Nordic Countries
- 10.1.5.9. Rest Of Europe
- 11. Competitive Analysis
- 11.1. Key Strategic Developments
- 11.1.1. Mergers & Acquisitions
- 11.1.2. Product Launches & Developments
- 11.1.3. Partnerships & Agreements
- 11.1.4. Business Expansions, Announcements, And Divestitures
- 11.2. Company Profiles
- 11.2.1. Amplifon
- 11.2.2. Arphi Electronics Pvt Ltd
- 11.2.3. Audina Hearing Instruments Inc
- 11.2.4. Cochlear Ltd
- 11.2.5. Gn Store Nord A/S
- 11.2.6. Horentek
- 11.2.7. Med-el
- 11.2.8. Microson
- 11.2.9. Rion Co Ltd
- 11.2.10. Sebotek Hearing Systems Llc
- 11.2.11. Siemens Ag
- 11.2.12. Sonova
- 11.2.13. Starkey
- 11.2.14. William Demant
- 11.2.15. Zounds Hearing
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook