Europe Hearing Care Devices Market Size, Share & Industry Trends Analysis Report By Product, By End User (Home-use, Ambulatory Surgical Centers (ASCs), and Hospitals & Clinics), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Hearing Care Devices Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Hearing aid providers have various considerable potentials as the focus on patient comfort grows. One of the most crucial aspects of hearing aids is the way they are installed on the body of a patient. The improper fitting has an impact on the hearing experience and can worsen the condition. To get a perfect-fit hearing aid, users need accurate measurements related to their hearing ability, the proper sort of hearing aid, & the device's exact form & size. Expert knowledge is a crucial factor for streamlining the process of choosing the appropriate type of hearing aid for hearing loss to acquire better-fitting hearing aids.
Hearing aids is a technology-driven industry that has seen the introduction of cutting-edge equipment such as invisible hearing aids and smart connected hearing aids (AI-, Bluetooth-enabled, which can be connected to Android or iOS). Various market players all over the world are also introducing waterproof rechargeable hearing aid. Hearing aid manufacturers are improving patients' experiences with new features and technology.
The prevalence of hearing impairments among the general public has increased significantly. A considerable proportion of instances, particularly those involving infants, remains untreated, resulting in a variety of psychological & communication difficulties.
The increasing demand for hearing aids in this region is due to an increase in the prevalence of deafness as well as increased public knowledge of technological breakthroughs. The primary factors driving demand for these devices in Europe are the rising prevalence of hearing loss and increased awareness of technical developments. In addition, the rise of the audiology equipment market in this area is reliant on the reimbursement policies of each European country. Significant people were deaf, and hearing loss affected many people in the United Kingdom. Hearing loss is expected to rise as Europe’s population ages, propelling the industry in that direction.
Due to substantial government backing and increased research for producing better hearing equipment, market players across Europe are expected to observe various major growth prospects. Furthermore, the strategic presence of various enterprises in the region, such as Senovo, GN Store Nord A/S, Demant A/S, & WS Audiology, is projected to enhance growth
The Germany market dominated the Europe Hearing Care Devices Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $698.2 million by 2028. The UK market is experiencing a CAGR of 3.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.3% during (2022 - 2028).
Based on Product, the market is segmented into Hearing Aids and Hearing Implants. Based on End User, the market is segmented into Home-use, Ambulatory Surgical Centers (ASCs), and Hospitals & Clinics. Based on Type of hearing loss, the market is segmented into Conductive Hearing Loss and Sensorineural Hearing Loss. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hearing Care Devices Market will Hit $10.5 Billion by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include WS Audiology, Cochlear Ltd., Intricon Corporation, Starkey laboratories, Inc., GN Store Nord A/S (GN Hearing A/S), Sonova Holding AG, William Demant Holding A/S, Amplifon SpA (Ampliter N.V.), and MED-EL GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Hearing Aids
- Hearing Implants
By End User
- Ambulatory Surgical Centers (ASCs)
- Hospitals & Clinics
By Type of hearing loss
- Conductive Hearing Loss
- Sensorineural Hearing Loss
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- WS Audiology
- Cochlear Ltd.
- Intricon Corporation
- Starkey laboratories, Inc.
- GN Store Nord A/S (GN Hearing A/S)
- Sonova Holding AG
- William Demant Holding A/S
- Amplifon SpA (Ampliter N.V.)
- MED-EL GmbH