Denmark Over-the-counter (otc) Hearing Aids Market Size & Outlook
Denmark over-the-counter (otc) hearing aids market, 2018-2030 (US$M)
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Denmark over-the-counter (otc) hearing aids market highlights
- The Denmark over-the-counter (otc) hearing aids market generated a revenue of USD 7.1 million in 2023 and is expected to reach USD 10.2 million by 2030.
- The Denmark market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, canal hearing aids was the largest revenue generating product in 2023.
- Behind-the-Ear Hearing Aids is the most lucrative product segment registering the fastest growth during the forecast period.
Over-the-counter (otc) hearing aids market data book summary
| Market revenue in 2023 | USD 7.1 million |
| Market revenue in 2030 | USD 10.2 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Canal hearing aids |
| Fastest growing segment | Behind-the-Ear Hearing Aids |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-the-Ear Hearing Aids, Receiver-in-the-Ear Hearing Aids, Behind-the-Ear Hearing Aids, Canal Hearing Aids |
| Key market players worldwide | PatientPop, GN Store Nord A/S, Sony Group Corp, Audicus, Lexie Hearing |
Other key industry trends
- In terms of revenue, Denmark accounted for 0.6% of the global over-the-counter (otc) hearing aids market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK over-the-counter (otc) hearing aids market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 98.7 million by 2030.
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Over-The-Counter (OTC) Hearing Aids Market Scope
Over-The-Counter (OTC) Hearing Aids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Denmark over-the-counter (otc) 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 over-the-counter (otc) hearing aids market will help companies and investors design strategic landscapes.
Canal hearing aids was the largest segment with a revenue share of 32.39% in 2023. Horizon Databook has segmented the Denmark over-the-counter (otc) hearing aids market based on in-the-ear hearing aids, receiver-in-the-ear hearing aids, behind-the-ear hearing aids, canal hearing aids covering the revenue growth of each sub-segment from 2018 to 2030.
Other factors, such as rising awareness of technologically advanced devices and increasing adoption of hearing aid devices for the treatment of deafness in the country, may contribute to market growth over the forecast period.
In addition, the hearing service offices and general healthcare service associations of the Danish government emphasize early detection of deafness and distribution of hearing aids. The country's healthcare infrastructure has been developing rapidly to meet the growing medical needs of the population, which is expected to boost the uptake of OTC hearing aids.
According to WHO, Denmark has one of the lowest effectiveness rates of preventable mortality in the EU. This indicates that the population of Denmark is highly health-conscious and aware of key risks, which can increase the number of hearing tests conducted in the country & contribute to the growth of the OTC hearing aid market in the forecast period.
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Our clientele includes a mix of over-the-counter (otc) 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 Denmark over-the-counter (otc) hearing aids market, including forecasts for subscribers. This country databook contains high-level insights into Denmark over-the-counter (otc) hearing aids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark over-the-counter (otc) hearing aids market size, by product, 2018-2030 (US$M)
Denmark Over-The-Counter (OTC) Hearing Aids Market Share, 2023 & 2030 (US$M)
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