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Pulished Date February, 2020
ID: 3635
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Europe Hearing Aid Market Research Report – Segmented By Hearing Loss, Product, End-User & By Country (United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis, Size, Share, Growth, Trends and Forecast (2020 - 2025)

Pulished: February, 2020
ID: 3635
Pages: 145

Europe Hearing Aid Market Size (2020 - 2025)

As per the research report, the size of the Europe Hearing Aid Market is predicted to be USD 2.12 billion in 2020 and is anticipated to grow at a CAGR of 7.1% to reach USD 2.98 billion by 2025. It captures 30% of the global market. Hearing loss is a partial or total inability to hear.

Rising investments on the development of innovative products with the latest technology are fueling the demand of the Europe Hearing Aid Market extensively. Increasing geriatric population is another factor leveling up the growth rate of the market. Besides, growing support from the government and non-government organizations in promoting the demand of the Europe Hearing Aid Market. The rising economy is also a common factor for the market to grow in this region. Also, an increasing number of people with hearing loss problems are accelerating the demand of the market. Increasing awareness for smart hearing aids devices is leveraging the growth of the Europe Hearing Aid Market. 

However, fluctuations in the availability of various materials are eventually increasing the prices of the final products, and this is slightly hampering the growth rate of the market. Less training institutes and decreasing productivity of the products is inhibiting the demand of the Europe Hearing Aid Market. The shortage of skilled technicians and difficulty in manufacturing innovative designs remains a challenging factor for the market to grow. Failure of the systems in the real-time application is declining the growth of the Europe Hearing Aid Market. 

Increasing investments in the development of smart devices in the medical sector by both public and private sectors are creating growth opportunities for the market to grow. Rising disposable income in urban areas is also one of the factors bolstering the growth rate of the European Hearing Aid Market. Growing popularity through campaigns and digital advertisements is enhancing the demand for this market. Besides, the emergence of new technologies is likely to outshine the growth of the European Hearing Aid Market. Changes in the government schemes and the launch of different policies in favor of the ordinary people are leveraging the demand of the market to the extent. Furthermore, the start of innovative features for the devices is ascribed to expand the growth rate of the Europe Hearing Aid Market.

This report segmented and sub-segmented the European Hearing Aids Market into the following categories:

  • By Hearing Loss: Sensorineural and Conductive
  • By Product: In-The-Ear, Canal Hearing Aids, Receiver-In-The-Ear, Behind-The-Ear, Cochlear Implants, and Bone Anchored Systems
  • By End-User: Adults and Paediatrics
  • By Country: United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe

Regionally, Europe Hearing Aid Market will continue to lead the global market in the forecast mentioned above period. The United Kingdom is the leading player in the region. The large share of Europe can be attributed to factors such as the growing geriatric population base, increasing prevalence of hearing the loss in the area, and the high purchasing power of the patients. Also, the increasing awareness about these healthcare devices contributes to the large share of the region.

The UK is leading the hearing aid market of this region. Factors like creating new features towards the smart hearing devices and favorable government policies for ordinary people are surging the demand of the market. Increasing awareness of smart hearing devices may also swell up the market. However, failure of the hearing systems in real-time applications and variation in the cost of the hearing devices, which may rise and fall, are hampering the market of this region. UK has distributed 1,668,877hearing instruments across the NHS and private sector.

Germany Hearing Aid Market is expected to have the quickest growth rate over the analysis period. The growth is attributed due to factors like the low cost of these devices. Germany stands next to the UK in disbursing the hearing aids with 1,251,000 units of the same year, and France is projected to distribute 709,000 units, followed by Germany.

Companies with the majority of the shares in the European Hearing Aid Market profiled in this report are GN Store Nord A/S (Denmark), Cochlear Limited (Australia), MED-EL (Austria), SeboTek Hearing Systems, Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), and Zounds Hearing, Inc. (U.S.).

1. Introduction       

                1.1 Market Definition         

                1.2 Study Deliverables       

                1.3 Base Currency, Base Year and Forecast Periods

                1.4 General Study Assumptions     

2. Research Methodology                 

                2.1 Introduction     

                2.2 Research Phases           

                                2.2.1 Secondary Research

                                2.2.2 Primary Research     

                                2.2.3 Econometric Modelling          

                                2.2.4 Expert Validation      

                2.3 Analysis Design              

                2.4 Study Timeline

3. Overview             

                3.1 Executive Summary     

                3.2 Key Inferences              

                3.3 Epidemology    

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)          

                4.1 Market Drivers

                4.2 Market Restraints         

                4.3 Key Challenges              

                4.4 Current Opportunities in the Market    

5. Market Segmentation                    

                5.1 Product             

                                5.1.1 Introduction

                                5.1.2 Hearing AID Devices 

    5.1.2.1 Receiver-In-The-Ear (RITE) Hearing AIDS                                

    5.2.2.2 Behind-The-Ear (BTE) Hearing AIDS                                          

    5.2.2.3 Canal Hearing AIDS                                          

    5.2.2.4 In-The-Ear (ITE) Hearing AIDS                                      

    5.2.2.5 Other Hearing AIDS                                         

                                5.1.3 Hearing Implants      

    5.1.3.1 Cochlear Implants

    5.1.3.2 Bone-Anchored Systems  

                                5.1.4  Y-o-Y Growth Analysis, By Product   

                                5.1.5  Market Attractiveness Analysis, By Product 

                                5.1.6  Market Share Analysis, By Product   

                5.2 Type of Hearing Loss    

                                5.2.1 Introduction

                                5.2.2 Sensorineural Hearing Loss   

                                5.2.3 Conductive Hearing Loss       

                                5.2.4 Y-o-Y Growth Analysis, By Type of Hearing Loss          

                                5.2.5 Market Attractiveness Analysis, By Type of Hearing Loss        

                                5.2.6 Market Share Analysis, By Type of Hearing Loss         

                5.3 End User           

                                5.3.1 Introduction

                                5.3.2 Adults           

                                5.3.3 Pediatrics     

                                5.3.4 Y-o-Y Growth Analysis, By End User  

                                5.3.5  Market Attractiveness Analysis, By End User              

                                5.3.6  Market Share Analysis, By End User 

6. Geographical Analysis                    

                6.1 Introduction     

                                6.1.1 Regional Trends        

                                6.1.2 Impact Analysis         

                                6.1.3 Y-o-Y Growth Analysis            

    6.1.3.1 By Geographical Area                                     

    6.1.3.2 By Product                                           

    6.1.3.3 By Type of Hearing Loss                                 

    6.1.3.4 By End User                                        

                                6.1.4  Market Attractiveness Analysis         

    6.1.4.1 By Geographical Area                                     

    6.1.4.2 By Product                                           

    6.1.4.3 By Type of Hearing Loss                                 

    6.1.4.4 By End User                                        

                                6.1.5  Market Share Analysis          

    6.1.5.1 By Geographical Area                                     

    6.1.5.2 By Product                                           

    6.1.5.3 By Type of Hearing Loss                                 

    6.1.5.4 By End User                                        

                6.2 U.K      

                6.3 Spain   

                6.4 Germany          

                6.5 Italy     

                6.6 France

7. Strategic Analysis             

                7.1 PESTLE analysis              

                                7.1.1 Political         

                                7.1.2 Economic     

                                7.1.3 Social             

                                7.1.4 Technological             

                                7.1.5 Legal              

                                7.1.6 Environmental           

                7.2 Porter’s Five analysis    

                                7.2.1 Bargaining Power of Suppliers            

                                7.2.2 Bargaining Power of Consumers        

                                7.2.3 Threat of New Entrants         

                                7.2.4 Threat of Substitute Products and Services   

                                7.2.5 Competitive Rivalry within the Industry         

8. Market Leaders' Analysis              

                8.1 Sonova Holding Ag       

                                8.1.1 Overview     

                                8.1.2 Product Analysis       

                                8.1.3 Financial analysis      

                                8.1.4 Recent Developments           

                                8.1.5 SWOT analysis           

                                8.1.6 Analyst View              

                8.2 William Demant Holding A/S     

                8.3 GN Store Nord A/S       

                8.4 Cochlear Limited           

                8.5 Sivantos Pte. Ltd.          

                8.6 Starkey Hearing Technologies, Inc.        

                8.7 Widex 

                8.8 Med-El              

                8.9 Zounds Hearing, Inc.     

                8.10 Sebotek Hearing Systems, Llc 

9. Competitive Landscape                 

                9.1 Market share analysis  

                9.2 Merger and Acquisition Analysis            

                9.3 Agreements, collaborations and Joint Ventures              

                9.4 New Product Launches              

10. Market Outlook and Investment Opportunities               

Appendix                 

                a) List of Tables     

                b) List of Figures    

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Hearing Loss, product and end user along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the europe market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Europe Hearing Aids Market By Products, From 2020 to 2025 ( USD Billion )
  2. Europe Hearing Aid Devices Market By Region, From 2020 to 2025 ( USD Billion )
  3. Europe Hearing Implants Market By Region, From 2020 to 2025 ( USD Billion )
  4. Europe Hearing Aids Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  5. Europe Sensorineural Market By Region, From 2020 to 2025 ( USD Billion )
  6. Europe Conductive Market By Region, From 2020 to 2025 ( USD Billion )
  7. Europe Hearing Aids Market By End-user, From 2020 to 2025 ( USD Billion )
  8. Europe Adult Market By Region, From 2020 to 2025 ( USD Billion )
  9. Europe Pediatric Market By Region, From 2020 to 2025 ( USD Billion )
  10. U.K. Hearing Aids Market By Products, From 2020 to 2025 ( USD Billion )
  11. U.K. Hearing Aids Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  12. U.K. Hearing Aids Market By End-user, From 2020 to 2025 ( USD Billion )
  13. Germany Hearing Aids Market By Products, From 2020 to 2025 ( USD Billion )
  14. Germany Hearing Aids Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  15. Germany Hearing Aids Market By End-user, From 2020 to 2025 ( USD Billion )
  16. France Hearing Aids Market By Products, From 2020 to 2025 ( USD Billion )
  17. France Hearing Aids Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  18. France Hearing Aids Market By End-user, From 2020 to 2025 ( USD Billion )
  19. Italy Hearing Aids Market By Products, From 2020 to 2025 ( USD Billion )
  20. Italy Hearing Aids Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  21. Italy Hearing Aids Market By End-user, From 2020 to 2025 ( USD Billion )
  22. Spain Hearing Aids Market By Products, From 2020 to 2025 ( USD Billion )
  23. Spain Hearing Aids Market By Type of Hearing Loss, From 2020 to 2025 ( USD Billion )
  24. Spain Hearing Aids Market By End-user, From 2020 to 2025 ( USD Billion )
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