EU: Hearing Aid Market 2024

Hearing Aid Market Size in the EU

The EU hearing aid market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hearing Aid Production in the EU

In value terms, hearing aid production expanded significantly to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Hearing Aid Exports

Exports in the EU

In 2022, approx. X units of hearing aids (excl. parts and accessories) were exported in the European Union; increasing by X% on 2021. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, hearing aid exports declined to $X in 2022. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Poland represented the largest exporter of hearing aids (excl. parts and accessories) in the European Union, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by the Netherlands (X units) and Denmark (X units), together mixing up a X% share of total exports. Germany (X units) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the hearing aids (excl. parts and accessories) exports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Germany and Denmark experienced a relatively flat trend pattern. From 2012 to 2022, the share of Poland and the Netherlands increased by X and X percentage points, respectively.

In value terms, Poland ($X) remains the largest hearing aid supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Denmark (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Hearing Aid Imports

Imports in the EU

Hearing aid imports expanded sharply to X units in 2022, surging by X% on the year before. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, hearing aid imports fell to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

Poland (X units), the Netherlands (X units), Germany (X units), France (X units), Spain (X units) and Denmark (X units) represented roughly X% of total imports in 2022. Italy (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hearing aid importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. Poland, Spain, Denmark and Italy lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, which is down by X% against the previous year. Overall, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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