Global Hearing Aid Market 2024

Hearing Aid Market Size

The global hearing aid market soared to $X in 2022, jumping by X% against the previous year. Overall, the total consumption indicated a tangible increase 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, consumption increased by X% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hearing Aid Production

In value terms, hearing aid production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Hearing Aid Exports

Exports

In 2022, global exports of hearing aids (excl. parts and accessories) dropped to X units, waning by X% against the previous year. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the global exports reached the peak figure at X units in 2021, and then fell in the following year.

In value terms, hearing aid exports fell to $X in 2022. In general, total exports indicated a buoyant increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Poland (X units), China (X units) and Malaysia (X units) was the main exporter of hearing aids (excl. parts and accessories) in the world, making up X% of total export. The United States (X units) held the next position in the ranking, followed by the Philippines (X units), the Netherlands (X units) and Mexico (X units). All these countries together took near X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and the United States (X% per year).

Export Prices by Country

The average hearing aid export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 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 ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other global leaders experienced more modest paces of growth.

Hearing Aid Imports

Imports

In 2022, global hearing aid imports rose sharply to X units, increasing by X% against 2021. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Global imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, hearing aid imports amounted to $X in 2022. Overall, total imports indicated a resilient expansion 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the United States (X units), distantly followed by the UK (X units), Poland (X units), the Netherlands (X units), Germany (X units) and France (X units) were the largest importers of hearing aids (excl. parts and accessories), together creating X% of total imports. Spain (X units), Canada (X units), Malaysia (X units), India (X units), Denmark (X units), China (X units) and Mexico (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hearing aid imports into the United States stood at X%. At the same time, Poland (X%), the Netherlands (X%), Denmark (X%), Spain (X%), China (X%), India (X%), Malaysia (X%), Canada (X%), the UK (X%), Mexico (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. While the share of Poland (X p.p.), the Netherlands (X p.p.), Spain (X p.p.), Denmark (X p.p.) and China (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of France (X p.p.), Germany (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported hearing aids (excl. parts and accessories) worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, hearing aid imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average hearing aid import price amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Malaysia ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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