EUROPE HEARING AIDS MARKET 2022-2028

 

 

TABLE OF CONTENTS

1. EUROPE HEARING AIDS MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE HEARING AIDS MARKET

2.2. KEY INSIGHTS

2.3. PORTER’S FIVE FORCES MODEL

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF BUYER

2.3.4. BARGAINING POWER OF SUPPLIER

2.3.5. INTENSITY OF COMPETITIVE RIVALRY

2.4. SUPPLY CHAIN ANALYSIS

2.5. KEY BUYING CRITERIA

2.6. REGULATORY FRAMEWORK

2.7. MARKET ATTRACTIVENESS INDEX

2.8. VENDOR SCORECARD

2.9. KEY STRATEGIC DEVELOPMENTS

2.9.1. CONTRACTS AND PARTNERSHIPS

2.9.2. BUSINESS EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES

2.9.3. ACQUISITIONS & MERGERS

2.9.4. NEW PRODUCT LAUNCHES & DEVELOPMENTS

2.10. MARKET DRIVERS

2.10.1. INCREASING OCCURRENCE OF HEARING LOSS WORLDWIDE

2.10.2. RISING INITIATIVES AND AWARENESS ABOUT HEARING AID DEVICES

2.11. MARKET CHALLENGES

2.11.1. LOW PENETRATION AND ADOPTION OF HEARING AIDS

2.11.2. HIGH COST OF DEVICES ASSOCIATED WITH HEARING AIDS

2.11.3. PRESENCE OF COST-EFFECTIVE ALTERNATIVES TO HEARING AID DEVICES

2.12. MARKET OPPORTUNITIES

2.12.1. ADVANCEMENT IN TECHNOLOGY

3. EUROPE HEARING AIDS MARKET – BY PRODUCT

3.1. HEARING AID DEVICES

3.1.1. BEHIND-THE-EAR (BTE)

3.1.2. IN-THE-CANAL (ITC) AND COMPLETELY-IN-THE-CANAL (CIC)

3.1.3. IN-THE-EAR (ITE)

3.1.4. OTHER HEARING AID DEVICES

3.2. HEARING IMPLANTS

3.2.1. COCHLEAR IMPLANTS

3.2.2. BONE-ANCHORED SYSTEMS

4. EUROPE HEARING AIDS MARKET – BY TECHNOLOGY

4.1. DIGITAL HEARING AIDS

4.2. CONVENTIONAL HEARING AIDS

5. EUROPE HEARING AIDS MARKET – BY TYPES OF HEARING LOSS

5.1. SENSORINEURAL HEARING LOSS

5.2. CONDUCTIVE HEARING LOSS

6. EUROPE HEARING AIDS MARKET – BY PATIENT TYPE

6.1. ADULTS

6.2. PEDIATRICS/CHILDREN

7. EUROPE HEARING AIDS MARKET – BY DISTRIBUTION CHANNEL

7.1. AUDIOLOGY AND ENT CLINICS

7.2. PHARMACIES

7.3. HOSPITALS

8. EUROPE HEARING AIDS MARKET – COUNTRY OUTLOOK

8.1. GERMANY

8.2. UNITED KINGDOM

8.3. FRANCE

8.4. ITALY

8.5. NORDIC COUNTRIES

8.6. SPAIN

8.7. RUSSIA

8.8. REST OF EUROPE

9. COMPANY PROFILES

9.1. AMPLIFON

9.2. ARPHI ELECTRONICS PVT LTD

9.3. AUDINA HEARING INSTRUMENTS INC

9.4. COCHLEAR LTD

9.5. GN STORE NORD AS

9.6. HORENTEK

9.7. MED EL

9.8. MICROSON

9.9. RION CO LTD

9.10. SEBOTEK HEARING SYSTEMS LLC

9.11. SIEMENS AG

9.12. SONOVA

9.13. STARKEY

9.14. DEMANT AS

9.15. ZOUNDS HEARING

10. RESEARCH METHODOLOGY & SCOPE

10.1. RESEARCH SCOPE & DELIVERABLES

10.1.1. OBJECTIVES OF STUDY

10.1.2. SCOPE OF STUDY

10.2. SOURCES OF DATA

10.2.1. PRIMARY DATA SOURCES

10.2.2. SECONDARY DATA SOURCES

10.3. RESEARCH METHODOLOGY

10.3.1. EVALUATION OF PROPOSED MARKET

10.3.2. IDENTIFICATION OF DATA SOURCES

10.3.3. ASSESSMENT OF MARKET DETERMINANTS

10.3.4. DATA COLLECTION

10.3.5. DATA VALIDATION & ANALYSIS

 

 

LIST OF TABLES

TABLE 1: EUROPE HEARING AIDS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF CONTRACTS AND PARTNERSHIPS

TABLE 4: LIST OF BUSINESS EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES

TABLE 5: LIST OF ACQUISITIONS & MERGERS

TABLE 6: LIST OF NEW PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 7: EUROPE HEARING AIDS MARKET, BY PRODUCT, 2022-2028 (IN $ MILLION)

TABLE 8: EUROPE HEARING AID DEVICES MARKET, BY TYPES, 2022-2028 (IN $ MILLION)

TABLE 9: EUROPE HEARING IMPLANTS MARKET, BY TYPES, 2022-2028 (IN $ MILLION)

TABLE 10: EUROPE HEARING AIDS MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)

TABLE 11: EUROPE HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2022-2028 (IN $ MILLION)

TABLE 12: EUROPE HEARING AIDS MARKET, BY PATIENT TYPE, 2022-2028 (IN $ MILLION)

TABLE 13: EUROPE HEARING AIDS MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

TABLE 14: EUROPE HEARING AIDS MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

 

 

LIST OF FIGURES

FIGURE 1: SUPPLY CHAIN ANALYSIS IN THE HEARING AIDS INDUSTRY

FIGURE 2: EUROPE HEARING AIDS MARKET, BY PRODUCT, 2021 & 2028 (IN %)

FIGURE 3: EUROPE HEARING AIDS MARKET, BY HEARING AID DEVICES, 2022-2028 (IN $ MILLION)

FIGURE 4: EUROPE HEARING AID DEVICES MARKET, BY BEHIND-THE-EAR (BTE), 2022-2028 (IN $ MILLION)

FIGURE 5: EUROPE HEARING AID DEVICES MARKET, BY IN-THE-CANAL (ITC) AND COMPLETELY-IN-THE-CANAL (CIC), 2022-2028 (IN $ MILLION)

FIGURE 6: EUROPE HEARING AID DEVICES MARKET, BY IN-THE-EAR (ITE), 2022-2028 (IN $ MILLION)

FIGURE 7: EUROPE HEARING AID DEVICES MARKET, BY OTHER HEARING AID DEVICES, 2022-2028 (IN $ MILLION)

FIGURE 8: EUROPE HEARING AIDS MARKET, BY HEARING IMPLANTS, 2022-2028 (IN $ MILLION)

FIGURE 9: EUROPE HEARING IMPLANTS MARKET, BY COCHLEAR IMPLANTS, 2022-2028 (IN $ MILLION)

FIGURE 10: EUROPE HEARING IMPLANTS MARKET, BY BONE-ANCHORED SYSTEMS, 2022-2028 (IN $ MILLION)

FIGURE 11: EUROPE HEARING AIDS MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)

FIGURE 12: EUROPE HEARING AIDS MARKET, BY DIGITAL HEARING AIDS, 2022-2028 (IN $ MILLION)

FIGURE 13: EUROPE HEARING AIDS MARKET, BY CONVENTIONAL HEARING AIDS, 2022-2028 (IN $ MILLION)

FIGURE 14: EUROPE HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2021 & 2028 (IN %)

FIGURE 15: EUROPE HEARING AIDS MARKET, BY SENSORINEURAL HEARING LOSS, 2022-2028 (IN $ MILLION)

FIGURE 16: EUROPE HEARING AIDS MARKET, BY CONDUCTIVE HEARING LOSS, 2022-2028 (IN $ MILLION)

FIGURE 17: EUROPE HEARING AIDS MARKET, BY PATIENT TYPE, 2021 & 2028 (IN %)

FIGURE 18: EUROPE HEARING AIDS MARKET, BY ADULTS, 2022-2028 (IN $ MILLION)

FIGURE 19: EUROPE HEARING AIDS MARKET, BY PEDIATRICS/CHILDREN, 2022-2028 (IN $ MILLION)

FIGURE 20: EUROPE HEARING AIDS MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028 (IN %)

FIGURE 21: EUROPE HEARING AIDS MARKET, BY AUDIOLOGY AND ENT CLINICS, 2022-2028 (IN $ MILLION)

FIGURE 22: EUROPE HEARING AIDS MARKET, BY PHARMACIES, 2022-2028 (IN $ MILLION)

FIGURE 23: EUROPE HEARING AIDS MARKET, BY HOSPITALS, 2022-2028 (IN $ MILLION)

FIGURE 24: GERMANY HEARING AIDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: UNITED KINGDOM HEARING AIDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: FRANCE HEARING AIDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: ITALY HEARING AIDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: NORDIC COUNTRIES HEARING AIDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: SPAIN HEARING AIDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: RUSSIA HEARING AIDS MARKET 2022-2028 (IN $ MILLION)

FIGURE 31: REST OF EUROPE HEARING AIDS MARKET 2022-2028 (IN $ MILLION)

 

 

MARKET OUTLOOK

Triton Market Research’s report on the hearing aids market in Europe estimates that the industry would grow in terms of revenue, with a CAGR of 6.93% over the forecast period 2022-2028. Italy, France, Russia, Nordic Countries, Germany, the United Kingdom, Spain, and Rest of Europe together form the market in this region.

A significant rise in the use of hearing aids is being witnessed in Germany, due to the increasing burden of deafness and the growing advancements in the country. According to a report published by the Hear-it AISBL in 2018, 13% of the population in the country is affected by reduced hearing, which is more than 10 million people.

The report also demonstrated that more than 5.3 million people use hearing aids in Germany, with nearly 800,000 new hearing aids being sold every year. Starkey Germany, which is a division of Starkey Hearing Technologies, launched the SoundLens Synergy, Muse, and Halo hearing aids in the market in 2017. Such developments are expected to boost the studied market’s growth in the country over the projected period.

Estimates from the WHO suggest that there are more than 13 million people with hearing impairments in the Russian Federation, with children and adolescents accounting for more than 1 million among them. Moreover, the elderly population in the country is also on the rise. According to an article, the prevalence of age-related hearing loss among Russians is increasing year by year. Thus, the rising cases of hearing loss and the increasing older populace in Russia are anticipated to boost the hearing aids market’s growth in the forthcoming years.

 

 

COMPETITIVE OUTLOOK

The primary contenders in the hearing loss market include Sonova, Sebotek Hearing Systems LLC, Horentek, Microson, Audina Hearing Instruments Inc, Siemens AG, Zounds Hearing, and GN Store Nord AS.

 

Get more insights into the Europe Hearing Aids Market:

 

https://www.tritonmarketresearch.com/reports/europe-hearing-aids-market

 

SEGMENTATION

1. AMPLIFON

2. ARPHI ELECTRONICS PVT LTD

3. AUDINA HEARING INSTRUMENTS INC

4. COCHLEAR LTD

5. GN STORE NORD AS

6. HORENTEK

7. MED EL

8. MICROSON

9. RION CO LTD

10. SEBOTEK HEARING SYSTEMS LLC

11. SIEMENS AG

12. SONOVA

13. STARKEY

14. DEMANT AS

15. ZOUNDS HEARING