Europe Audiology Devices Market Size, Share & Industry Trends Analysis Report By Technology (Digital and Analog), By Product, By Hearing Aids Type, By Distribution Channel, By End User, By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the Europe Audiology Devices Market
Market Report Description
The Europe Audiology Devices Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
Adults frequently start off with one hearing aid and one cochlear implant. As the hearing loss in the hearing aid ear worsens, adults could eventually proceed to two cochlear implants. In newborns and young children who are developing language skills and who have bilateral severe hearing loss, cochlear implants are frequently implanted in both ears at the same time. Sound waves are continuous and are louder with analog hearing aids.
These hearing aids magnify all sounds, such as speech and noise, in a similar manner. Analog hearing aids can sometimes be programmed. They have a microprocessor that enables the aid to be preset with settings for various hearing conditions, such as in a quiet setting like a library, a noisy setting like a restaurant, or a big area, like a soccer field. Multiple programs for varied environments can be stored in analog programmable hearing aids. By pressing a button on the hearing aid, settings can be adjusted as the listening environment changes.
In recent years, Europe witnessed an increasing demand for audiology devices by the regional population. Due to the higher prevalence of hearing impairment in people and technical improvements in audiology devices, the market in the region is estimated to rise at a significant rate in the coming years. The European Commission gave its approval to Widex and Sivantos' merger in February 2019. Widex was able to improve its research and development capabilities in the market for audiological equipment because of this transaction. The company's innovation in hearing aids is strengthened by this merger, and its market penetration is increased. As a result, Europe is anticipated to hold a significant portion of the audiology devices market.
The Germany market dominated the Europe Audiology Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,060.6 million by 2028. The UK market is anticipated to grow at a CAGR of 4.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.6% during (2022 - 2028).
Based on Technology, the market is segmented into Digital and Analog. Based on Product, the market is segmented into Hearing Aids, Cochlear Implants, Diagnostic Devices, and BAHA/BAHS. Based on Hearing Aids Type, the market is segmented into Behind-the-ear (BTE) and In-the-ear (ITE) & Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on End User, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Audiology Devices Market will Hit $16 Billion by 2028, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Medtronic PLC, William Demant Holding A/S, GN Store Nord A/S, Sonova Holding AG, WS Audiology A/S, Natus Medical Incorporated, MED-EL GmbH, Starkey laboratories, Inc., and Benson Medical Instruments.
Scope of the Study
Market Segments Covered in the Report:
- Hearing Aids
- Behind-the-ear (BTE)
- In-the-ear (ITE) & Others
- Cochlear Implants
- Diagnostic Devices
By Distribution Channel
By End User
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Medtronic PLC
- William Demant Holding A/S
- GN Store Nord A/S
- Sonova Holding AG
- WS Audiology A/S
- Natus Medical Incorporated
- MED-EL GmbH
- Starkey laboratories, Inc.
- Benson Medical Instruments
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free