United Kingdom hearing aid devices market is anticipated
to witness a growth of steady CAGR in the forecast period, 2023-2027. Factors
such as the growing old age population and the increase in incidence of hearing
disorders across the country. Also, the launch of smart hearing aids and the
high-end investments by the market players to improve the performance of
hearing aids are expected to create lucrative growth opportunities for the
United Kingdom hearing aid devices market in the forecast period.
Growth Of Geriatric
Population Drives the Market Demand
The number of people aged 65
years or older is increasing rapidly and is expected to increase by 1.6% in
2021-2022 and is expected to cover 18.9% of the total population. The rise of
the old age population is attributed to the factors such as the longer life
expectations and improved nutrition, living standards, and expenditure on
quality products. People have become conscious of the negative effects of
smoking and drinking on their health and have limited their consumption to live
a longer life. With growing age, the hearing capacity starts to diminish, and
problems such as hearing disorders start to rise in older people. They start
feeling difficulty in hearing and find it hard to converse with family and
friends. The old-age population becomes vulnerable and needs hearing aid
devices to help them hear better. Hearing aid devices are available in the
market at affordable rates and help people in old age to live a normal better.
They are able to spend significantly to purchase hearing aid devices owing to
the rise in the disposable income of middle-class families. The rise in the
geriatric population is expected to fuel the United Kingdom hearing aid devices
market growth over the forecast period.
High Prevalence of Hearing
Disorder Propels the Market Demand
The United Kingdom has
approximately 11 million people with hearing loss, making it the second most
common disability in the country. 1 in 6 of the United Kingdom adult population
suffers from hearing loss problems. Around 900,000 people are severely deaf.
The massive number of people suffering from hearing loss problems is expected
to accelerate the demand for hearing aid devices. According to the British
Academy of Audiology, it has also been approximated that around 6.7 million
could benefit from hearing aid devices and start hearing again or improve their
hearing. The high prevalence of hearing loss has made it important to monitor
and examine hearing functions. Hearing loss can sometimes lead to several
physical and psychological issues and mental health issues and affect the
quality of life of its citizens. A huge population suffers from hearing loss
problems, and an increase in awareness about the benefits of using hearing aid
devices is expected to boost the demand for the United Kingdom hearing aid
devices market in the next five years.
Download Sample Report
Market Segmentation
The 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. Based on type of hearing loss, the market is bifurcated into sensorineural
and conductive. Based on product type, the market is bifurcated into wired and wireless.
Based on technology type, the market is divided into digital v/s analog. Based
on patient type, the market is divided into adult and pediatric. Based
on distribution channel, the market is divided into online and offline. The
United Kingdom hearing aid devices market is studied in major regions namely London,
Southeast, East Anglia, Scotland, Southwest, East Midlands, Yorkshire & Humberside,
and rest of United Kingdom.
Market Players
Sonova UK Limited, Demant A/S
(United Kingdom), GN Store Nord (United Kingdom), Amplifon Limited, W/S
Audiology (United Kingdom), are the major market players operating in the United
Kingdom hearing aid devices market.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Units, and
CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
|
Segments covered
|
·
Type
·
Type of
Hearing Loss
·
Product Type
·
Technology
Type
·
Patient Type
·
Distribution
Channel
|
|
Regional scope
|
London, Southeast, East Anglia, Scotland, Southwest, East
Midlands, Yorkshire & Humberside, Rest of United Kingdom
|
|
Key companies profiled
|
Sonova UK Limited, Demant A/S (United
Kingdom), GN Store Nord (United Kingdom), Amplifon Limited, W/S Audiology
(United Kingdom)
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet
your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable version
of the report in PPT/Word format on special request)
|
Report Scope:
In this report, United Kingdom hearing
aid devices market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
·
United Kingdom Hearing Aid Devices
Market, By Type:
- Hearing Aids
- Hearing Implants
- United Kingdom Hearing Aid Devices Market, By Type
of Hearing Loss:
- United Kingdom Hearing Aid Devices Market, By Product
Type:
- United Kingdom Hearing Aid Devices Market, By Technology
Type:
- United Kingdom Hearing Aid Devices Market, By Patient
Type:
- United Kingdom Hearing Aid Devices Market, By
Distribution Channel:
- United Kingdom Hearing
Aid Devices Market, By Region:
o London
o Southeast
o East Anglia
o Scotland
o Southwest
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom hearing aid devices
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United Kingdom hearing aid
devices market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]