Market by Product, Technology, Types of Hearing Loss, Patient Type, Distribution Channel, and Country Outlook | Forecast 2022-2028
A study by Triton on the European hearing aids market shows that the industry will develop with a CAGR of 6.93% in revenue terms over the forecasting years from 2022 to 2028.
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The
countries studied in this market include:
•        Spain
•        The United Kingdom
•        France
•        Italy
•        Nordic Countries
•        Germany
•        Russia
•        Rest of Europe
Factors
such as the rising burden of hearing loss and the increasing healthcare
spending are boosting the market growth in the United Kingdom. According to
estimates from the National Health Service (NHS), there were nearly 11 million
people in the country with hearing loss in 2017. This made it the second-most
common disability in the UK. In a breakthrough innovation, London-based
Chatable Apps launched the world’s first universal hearing aid in the market.
It uses neuroscience-led AI software to enable those affected by hearing loss
to hear 1-to-1 conversations clearly, by using an everyday smartphone and a
regular pair of earbuds. Such developments are expected to bolster the demand
for hearing aids in the country, eventually driving the market’s growth in the
coming years.
The
hearing aids market in France is also growing due to the rising burden of
hearing loss and growing technological developments in the country. According
to an article published in 2020, hearing loss affects nearly 10% of the French
population, and more than 6 million people have to face hearing difficulties in
their day-to-day life. Elderly people are the most affected, as one-third of
the geriatric population is anticipated to experience increased hearing loss as
a natural, progressive phenomenon or after being exposed to noise. This is
expected to significantly raise the demand for hearing aids in France.
Horentek
is engaged in the design, development, manufacture, and commercialization of hearing
aid solutions. The company provides hearing aids, audiology care, and acoustic
products, among others. It routinely collaborates with a number of medical
specialists, general practitioners, research centers, and universities in order
to reach out to a wider consumer base. Founded in 2010, the company is
headquartered in Livorno, Italy. Horentek has a business presence across many
countries in Europe.Â
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VIEW REPORT1. 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
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)
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)