Italy Hearing Aids Market Size & Outlook, 2023-2030
Italy hearing aids market, 2018-2030 (US$M)
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Italy hearing aids market highlights
- The Italy hearing aids market generated a revenue of USD 141.3 million in 2023 and is expected to reach USD 209.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.8% 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 141.3 million |
| Market revenue in 2030 | USD 209.1 million |
| Growth rate | 5.8% (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, Italy accounted for 2.2% 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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Italy 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 79.83% in 2023. Horizon Databook has segmented the Italy hearing aids market based on hospitals, outpatient facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Italy is at a growing phase in the hearing aids market. Rise in binaural fitting rate, increased screening of hearing-impaired patients, and launch of technologically advanced hearing aids are the key factors driving the market.
In addition, the increase in acceptance of using a hearing aid at an earlier age will boost the demand for hearing aids in the region. The rise in adoption rate of hearing aids and the prevalence of hearing loss among the ageing population contribute towards the growth of the market for hearing aids.
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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 Italy hearing aids market , including forecasts for subscribers. This country databook contains high-level insights into Italy hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy hearing aids market size, by end use, 2018-2030 (US$M)
Italy Hearing Aids Market Outlook Share, 2023 & 2030 (US$M)
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