EUROPE HEARING AIDS MARKET 2020-2028

Lifesciences | Medical Devices & Consumables

EUROPE HEARING AIDS MARKET 2020-2028

Market By Types Of Hearing Loss, Types Of Patient, Product, And Geography | Forecast 2020-2028

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The research by Triton on Europe’s hearing aids market depicts that the industry will grow at a CAGR of 7.04% in terms of revenue over the forecasting period of 2020-2028.



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The countries studied in this market include:

           United Kingdom

           Spain

           France

           Russia

           Germany

           Italy

           Rest of Europe

The rise in cases of hearing loss is primarily driving the market growth in the United Kingdom. As per the Action on Hearing Loss, close to 11 million people were reported to suffer from this condition in 2015. This number is estimated to reach nearly 15.6 million by 2035. Furthermore, supportive programs by the government to minimize hearing loss are also helping to accelerate this growth. Projects are being implemented to promote R&D on hearing aids technology, thereby fueling the growth of the UK market for hearing aids. 

France’s hearing aids market is being driven due to advancements in hearing aids technology. Ongoing research for the development of new technology in order to minimize the risk of developing this condition is expected to expand the scope of the hearing aids market in the country during the forecast period. According to Hear-it AISBL, France provides its citizens with a subsidy scheme covering the expenses related to hearing aid devices. The government has formulated this scheme to tackle the economic issues of patients and help them benefit from it. This would help increase the adoption of hearing aid devices, thereby influencing the growth of the French hearing aids market.

Horentek is engaged in designing, developing, manufacturing, and commercializing hearing aid solutions worldwide. It provides hearing aids and audiology & acoustic products, among others. The company works in collaboration with numerous medical specialists, general practitioners, universities, and research centers in order to reach out to a larger consumer base. Founded in 2010, Horented has its headquarters in Livorno, Italy, and is present across many countries in Europe.

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Table of Content

1.    EUROPE HEARING AIDS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. PORTER’S FIVE FORCES MODEL

2.1.1.   THREAT OF NEW ENTRANTS

2.1.2.   THREAT OF SUBSTITUTE

2.1.3.   BARGAINING POWER OF BUYER

2.1.4.   BARGAINING POWER OF SUPPLIER

2.1.5.   INTENSITY OF COMPETITIVE RIVALRY

2.2. SUPPLY CHAIN ANALYSIS

2.3. KEY INSIGHT

2.4. KEY BUYING CRITERIA

2.5. REGULATORY FRAMEWORK

2.6. MARKET ATTRACTIVENESS INDEX

2.7. MARKET DRIVERS

2.7.1.   ADVANCEMENT IN TECHNOLOGY

2.7.2.   INCREASING GERIATRIC POPULATION

2.8. MARKET RESTRAINTS

2.8.1.   LOW PENETRATION AND ADOPTION OF HEARING AIDS

2.8.2.   HIGH COST OF DEVICES ASSOCIATED WITH HEARING AIDS

2.9. MARKET OPPORTUNITIES

2.9.1.   ADOPTION OF LITHIUM-ION BATTERIES

2.9.2.   GROWING OCCURRENCE OF HEARING LOSS

2.10. MARKET CHALLENGES

2.10.1. LACK OF REIMBURSEMENT

2.10.2. LACK OF AWARENESS

3.    HEARING AIDS MARKET OUTLOOK - BY TYPES OF HEARING LOSS

3.1. SENSORINEURAL HEARING LOSS

3.2. CONDUCTIVE HEARING LOSS

4.    HEARING AIDS MARKET OUTLOOK - BY TYPES OF PATIENT

4.1. ADULTS

4.2. PEDIATRICS

5.    HEARING AIDS MARKET OUTLOOK - BY PRODUCT

5.1. HEARING AIDS DEVICES

5.2. HEARING IMPLANTS

6.    HEARING AIDS MARKET – EUROPE

6.1. COUNTRY ANALYSIS

6.1.1.   THE UNITED KINGDOM

6.1.2.   FRANCE

6.1.3.   GERMANY

6.1.4.   SPAIN

6.1.5.   ITALY

6.1.6.   RUSSIA

6.1.7.   REST OF EUROPE

7.    COMPANY PROFILES

7.1. AMPLIFON

7.2. ARPHI ELECTRONICS PVT LTD

7.3. AUDINA HEARING INSTRUMENTS INC

7.4. COCHLEAR LTD

7.5. GN STORE NORD A/S

7.6. HORENTEK

7.7. MED-EL

7.8. MICROSON

7.9. RION CO LTD

7.10. SEBOTEK HEARING SYSTEMS LLC

7.11.  SIEMENS AG

7.12.  SONOVA

7.13.  STARKEY

7.14.  DEMANT A/S

7.15.  ZOUNDS HEARING

8.    RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.1.1.   OBJECTIVES OF STUDY

8.1.2.   SCOPE OF STUDY

8.2. SOURCES OF DATA

8.2.1.   PRIMARY DATA SOURCES

8.2.2.   SECONDARY DATA SOURCES

8.3. RESEARCH METHODOLOGY

8.3.1.   EVALUATION OF PROPOSED MARKET

8.3.2.   IDENTIFICATION OF DATA SOURCES

8.3.3.   ASSESSMENT OF MARKET DETERMINANTS

8.3.4.   DATA COLLECTION

8.3.5.   DATA VALIDATION & ANALYSIS

List of table

TABLE 1        EUROPE HEARING AIDS MARKET 2020-2028 ($ MILLION)

TABLE 2        EUROPE HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2020-2028 ($ MILLION)

TABLE 3        EUROPE HEARING AIDS MARKET, BY TYPES OF PATIENT, 2020-2028 ($ MILLION)

TABLE 4        EUROPE HEARING AIDS MARKET, BY PRODUCTS, 2020-2028 ($ MILLION)

TABLE 5        EUROPE HEARING AIDS MARKET, BY COUNTRY, 2020-2028 ($ MILLION)

List of Figures

FIGURE 1      EUROPE HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 2      SUPPLY CHAIN ANALYSIS IN HEARING AIDS INDUSTRY

FIGURE 3      KEY BUYING CRITERIA

FIGURE 4      PERSON AGED 60 YEARS OR ABOVE (MILLION)

FIGURE 5      NUMBER OF PEOPLE WITH HEARING LOSS (MILLION)

FIGURE 6      EUROPE HEARING AIDS MARKET, BY SENSORINEURAL HEARING LOSS, 2020-2028 ($ MILLION)

FIGURE 7      EUROPE HEARING AIDS MARKET, BY CONDUCTIVE HEARING LOSS, 2020-2028 ($ MILLION)

FIGURE 8      EUROPE HEARING AIDS MARKET, BY ADULTS, 2020-2028 ($ MILLION)

FIGURE 9      EUROPE HEARING AIDS MARKET, BY PEDIATRICS, 2020-2028 ($ MILLION)

FIGURE 10   EUROPE HEARING AIDS MARKET, BY HEARING AID DEVICES, 2020-2028 ($ MILLION)

FIGURE 11   EUROPE HEARING AIDS MARKET, BY HEARING IMPLANTS, 2020-2028 ($ MILLION)

FIGURE 12   THE UNITED KINGDOM HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 13   FRANCE HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 14   GERMANY HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 15   SPAIN HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 16   ITALY HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 17   RUSSIA HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 18   REST OF EUROPE HEARING AIDS MARKET 2020-2028 ($ MILLION)

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