Germany Hearing Aids Market Size & Outlook, 2023-2030
Germany hearing aids market, 2018-2030 (US$M)
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Germany hearing aids market highlights
- The Germany hearing aids market generated a revenue of USD 702.3 million in 2023 and is expected to reach USD 1,075.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.3% 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.
Hearing aids market data book summary
| Market revenue in 2023 | USD 702.3 million |
| Market revenue in 2030 | USD 1,075.6 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | OUTPATIENT FACILITIES |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 11.1% of the global hearing aids market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany hearing aids market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,075.6 million by 2030.
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Hearing Aids Market Scope
Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 Germany hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
A strong correlation exists between age and hearing loss. The high prevalence of hearing loss in Germany can be attributed to the large geriatric population in the country. Germany is one of the largest markets for hearing aids with a high sales volume. Rapidly aging population in Germany is expected to drive the hearing aids market.
According to Eurostat 2015, in a survey conducted across the EU Member States, Germany recorded the lowest percentage of young population and the highest percentage of elderly population (65 years and above), accounting for about 21.0%of the total population. According to the survey, the median age is 45.8 years in Germany.
Furthermore, technological advancements, growing awareness about the impact of hearing loss, and various initiatives being undertaken to assist hearing impaired individuals overcome the social stigma associated with hearing loss and use of hearing aids are anticipated to drive the Germany market.
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Our clientele includes a mix of hearing aids market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into Germany hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany hearing aids market size, by end use, 2018-2030 (US$M)
Germany Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
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