Europe Hearing Aids Market Size & Outlook, 2023-2030
Europe hearing aids market, 2018-2030 (US$M)
Related Markets
Europe hearing aids market highlights
- The Europe hearing aids market generated a revenue of USD 2,444.0 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- OUTPATIENT FACILITIES is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,444.0 million |
| Market revenue in 2030 | USD 3,602.3 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HOSPITALS, OUTPATIENT FACILITIES |
| Key market players worldwide | Audicus, Audina Hearing Instruments, Eargo, GN Store Nord A/S, MDHearingAid, SeboTek Hearing Systems, Sonova Holding AG, Starkey Hearing Technologies, WS Audiology |
Other key industry trends
- In terms of revenue, Europe region accounted for 38.7% of the global hearing aids market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,838.0 million by 2030.
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Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe hearing aids market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hearing aids market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 79.91% in 2023. Horizon Databook has segmented the Europe hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in prevalence of hearing loss and rise in awareness about technological advancements are among the major factors driving the demand for hearing aids in Europe. In addition, the growth of hearing aids market in this region depends on reimbursement policies of each European nation.
Studies suggest that one in every six Europeans suffers from hearing impairment. In the UK, there are 11 million people suffering from hearing loss With growing incidence of hearing loss, major players are focused on introducing innovative hearing devices in the market that drive the demand for technologically advanced hearing solutions, thereby propelling market growth.
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Target buyers of Europe hearing aids market databook
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Our clientele includes a mix of hearing aids market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe hearing aids market , including forecasts for subscribers. This continent databook contains high-level insights into Europe hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe hearing aids market
Europe Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
Europe hearing aids market
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