Press Release

United Kingdom Hearing Aid Devices Market to be dominated by Hearing Aids till 2027

Increased healthcare expenditure and the rise in the use of headphones and earphones are expected to drive the demand for the United Kingdom hearing aid devices market in the forecast period, 2023-2027.

According to TechSci Research report, “United Kingdom Hearing Aid Devices Market By Region, Competition Forecast & Opportunities, 2027”, the United Kingdom hearing aid devices market is expected to witness robust growth in the forecast period. Factors such as the growing adoption of hearing aid devices and the rise in awareness about the technologically advanced hearing aid devices are driving the demand for the United Kingdom Hearing Aid Devices Market.

However, the lack of trained professionals and the high costs of hearing aids may restrain the growth of the United Kingdom hearing aid devices market in the forecast period.

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United Kingdom hearing aid devices market is segmented into type, type of hearing loss, product type, technology type, patient type, distribution channel, regional distribution, and competitive landscape.

Based on type, the market is divided into hearing aids and hearing implants. Hearing aids are expected to account for a significant market share over the next five years. The introduction of novel and advanced products and the growing old age population are the primary drivers of the hearing aids demand across the country.

Based on the type of hearing loss, the market is bifurcated into sensorineural and conductive. The sensorineural segment is expected to hold the largest market share in the forecast period. The growing old age population who are at higher risk of getting affected by sensorineural hearing loss requires the use of hearing aid devices to hear clearly. The high demand from the old age population is expected to fuel the segment demand in the forecast period.

Based on product type, the market is bifurcated into wired and wireless. The wireless segment is expected to witness the fastest growth in the forecast period. Wireless hearing aid devices are easy to use, portable, and increase the comfort and convenience of patients. The advantages of using wireless hearing aid devices are expected to contribute to market growth.

Based on technology type, the market is divided into digital v/s analog. Digital devices are expected to witness the fastest incremental growth in the forecast period. Digital devices convert acoustic sound waves into digital forms and produce exact duplication of sound. Digital hearing aids have computer chips that help them analyze speech and other surrounding noises. These devices also provide multiple program memories and are easy to use. The advantages of using digital hearing aid devices contribute to their high market demand. 

Based on patient type, the market is divided into adult and pediatric. The adult population is expected to hold the dominant market share over the next five years. Due to the higher susceptibility of hearing loss and high prevalence of hearing disorders in the adult population, the demand for hearing aid devices is growing at a rapid rate.

Based on the distribution channel, the market is divided into online and offline. The offline segment dominated the market and is expected to maintain its dominance over the forecast period. The growth of the offline distribution channel can be attributed to a large number of offline stores situated across the country and an increase in the number of hearing aid manufacturing companies entering the market.

Major market players operating in the United Kingdom hearing aid devices market are:

  • Sonova UK Limited
  • Demant A/S (United Kingdom)
  • GN Store Nord (United Kingdom)
  • Amplifon Limited
  • W/S Audiology (United Kingdom)

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“High-end investments by the market players for research and development activities to find innovative solutions and improve the hearing capacity of hearing aids are expected to create new growth avenues for the market players in the forecast period. The introduction of digital platforms that can improve the hearing experience of patients and the launch of novel products, including invisible hearing aids, smart linked hearing aids, and artificial and Bluetooth enabled devices, are expected to garner customer attraction in the forecast period. Also, support from the government in early screening of deafness and providing quality medical healthcare services to patients are expected to propel the growth of the United Kingdom hearing aid devices market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.

United Kingdom Hearing Aid Devices Market By Type (Hearing Aids v/s Hearing Implants), By Type of Hearing Loss (Sensorineural v/s Conductive), By Product Type (Wired v/s Wireless), By Technology Type (Digital v/s Analog), By Patient Type (Adult v/s Pediatric), By Distribution Channel (Online v/s Offline), By Region, Competition Forecast & Opportunities, 2027has evaluated the future growth potential of United Kingdom hearing aid devices market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United Kingdom hearing aid devices market.

 

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