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.


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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:
    • Sensorineural
    • Conductive
  • United Kingdom Hearing Aid Devices Market, By Product Type:
    • Wired
    • Wireless
  • United Kingdom Hearing Aid Devices Market, By Technology Type:
    • Digital
    • Analog
  • United Kingdom Hearing Aid Devices Market, By Patient Type:
    • Adult
    • Pediatric
  • United Kingdom Hearing Aid Devices Market, By Distribution Channel:
    • Online
    • Offline
  • 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

    • Rest of United Kingdom

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]  

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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on United Kingdom Hearing Aid Devices Market

5.    Voice of Customer

6.    United Kingdom Hearing Aid Devices Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Hearing Aids v/s Hearing Implants)

6.2.2.     By Type of Hearing Loss (Sensorineural v/s Conductive)

6.2.3.     By Product Type (Wired v/s Wireless)

6.2.4.     By Technology Type (Digital v/s Analog)

6.2.5.     By Patient Type (Adult v/s Pediatric)

6.2.6.     By Distribution Channel (Online v/s Offline)

6.2.7.     By Company (2021)

6.2.8.     By Region

6.3.  Product Market Map

7.    United Kingdom Hearing Aids Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type (Prescription v/s Over The Counter)

7.2.2.     By Type of Hearing Loss

7.2.3.     By Product Type

7.2.4.     By Technology Type

7.2.5.     By Patient Type

7.2.6.     By Distribution Channel

8.    United Kingdom Hearing Implants Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type of Hearing Loss

8.2.2.     By Product Type

8.2.3.     By Technology Type

8.2.4.     By Patient Type

8.2.5.     By Distribution Channel

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  United Kingdom Economic Profile

13.  Competitive Landscape

13.1.              Sonova UK Limited

13.2.              Demant A/S (United Kingdom)

13.3.              GN Store Nord (United Kingdom)

13.4.              Amplifon Limited

13.5.              W/S Audiology (United Kingdom)

 14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]