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France Hearing Aids Market

France Hearing Aids Market

France Hearing Aids Market, By Product (Hearing Aid Devices, Hearing Implants), By Device Type (Digital Hearing Aids, Analog Hearing Devices), By Type of Hearing Loss (Sensorineural Hearing loss, Conductive Hearing loss), By Distribution Channel (Large Retail Chains, Manufacturer Owned Retail Chains, Public, and Others), Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • Published Date: August 2022
  • Report ID: BWC22272
  • Available Format: PDF
  • Page: 110

Report Overview

France Hearing Aids Market is flourishing owing to the increased prevalence of hearing disorders, as well as increased awareness and activities involving hearing aid devices along with the growing technological advancements in hearing aids devices.

France Hearing Aids Market - Industry Trends & Forecast Report 2028

France Hearing Aids Market is predicted to grow at a CAGR of 7.2% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the people with temporary or permanent hearing loss can improve or restore their hearing senses with the aid of hearing aids. As the aging population becomes more aware of hearing issues, the prevalence of hearing loss increases, and the rate of binaural fitting increases, it is predicted that the market for hearing care equipment would grow. Additionally, the market is growing because more people are using cochlear implants and other highly advanced hearing aids. Hearing implants are surgically inserted hearing aids that enable individuals who are fully or partially deaf to hear sounds around them. Furthermore, the growing prevalence of hearing disorders, as well as increased awareness and activity surrounding hearing aid devices, are important drivers propelling the hearing aids industry forward.

Hearing Aids - Overview

A hearing aid is a tool used to help hearing loss sufferers hear better by amplifying sound. They are categorized as medical devices and are subject to the corresponding legislation. It is illegal to market small audio amplifiers as "hearing aids," such as PSAPs or other simple sound reinforcement systems. Hearing aids employ the following components to pick up, amplify, and send sound into your ear from the environment: a microphone (which detects the sound), an amplifier (which makes the sound louder), a speaker (which puts the sound into your ear so that you can hear it), and a battery (provides power to the electronic parts). Some examples of hearing aids are behind-the-ear (BTE), in-the-canal (ITC), in-the-ear (ITE), and receiver-in-canal (RIC)

France Hearing Aids Market Forecast and Trends

Growth Drivers

Growing Number of Patients Suffering from Hearing Loss

Hearing loss can be caused by a variety of factors, including genetics, noise pollution, trauma, aging, and bacterial infections. Adult hearing capacity is also harmed by the extensive noise emission in heavy-duty industries. Construction workers' hearing can be harmed by loud noises made during drilling and dismantling operations. These are some of the factors that increase people's chances of hearing loss and are expected to boost demand for hearing aids during the forecast period. All these factors boost the growth of the France Hearing Aids Market during the forecast period (2022-2028).

Surging Demand for Behind-the-Ear Gadgets

The behind-the-ear (BTE) hearing aid devices are more popular because of their higher efficiency, increased connectivity, and simplicity of use. The fact that these devices work best for people of all ages and with any kind of hearing impairment broadens the device's patient base and makes them excellent for the majority of people with hearing issues. Behind-the-ear hearing aids are the most popular type of hearing aid, have more amplification power than other hearing aids, & also have a directional microphone that improves their efficiency. This results in offering lucrative opportunities for the France Hearing Aids Market during the forecast period (2022-2028).

Growing Numbers of Supportive Policies and Advances in Technology

Increased funding initiatives by private banks and financial organizations to pay for procedures and other medical-related costs have benefited the industry. Many developed nations operate healthcare reimbursement programs, providing major growth opportunities for industry participants in the field. A client base has been developed to serve in the anticipated period as a result of increased program knowledge and improved disclosure of terms and conditions. Additionally, by extending their reach and drawing in new customers, technology advancements in the healthcare sectors of many LMICs, underdeveloped, and developing nations have opened up new market prospects.

Restraints

High Hearing Aid Prices and a Lack of Qualified Professionals

A significant factor impeding market growth is the high price of hearing aids, particularly in price-sensitive regions like Asia Pacific, Africa, and Latin America. These hearing aids include cochlear implants and bone-anchored devices. Healthcare providers often lack the financial resources to invest in cutting-edge technologies, especially in developing regions. Additionally, staff members must undergo extensive training in the proper use of cochlear implants and bone-anchored systems. It takes a lot of research and development to create hearing aids with cutting-edge technology.

Impact of COVID-19 on France Hearing Aids Market

The healthcare sector has suffered because of the COVID-19 epidemic. Nationwide, hospitals are being overrun by patients who require urgent care, and many healthcare facilities are running out of resources. Several elective operations are being delayed or canceled to reallocate resources to care for COVID-19 patients. The medical device business has also been hurt by this. The demand for orthopedic implants, intraocular lenses, heart valves, and audiology testing equipment is on the decline. As a result, both the supply and demand for hearing aids are declining.

France Hearing Aids Market - By Product

Based on the product, the France Hearing Aids Market is segmented into Hearing Aid Devices and Hearing Implants. Among these, hearing aid devices account for the largest share in the France Hearing Aids Market. This is because of the introduction of cutting-edge products by several manufacturers and the growing elderly population. Several disorders, such as sensorineural hearing loss, conductive hearing loss, and single-sided deafness, are treated using hearing aids devices. Hearing aids devices can increase the audibility of sounds. All these factors propel the growth of the France Hearing Aids Market during a forecast period (2022-2028).

France Hearing Aids Market

France Hearing Aids Market - By Type of Hearing Loss

Based on the type of hearing loss, the France Hearing Aids Market is segmented into Sensorineural Hearing loss and Conductive Hearing loss. The sensorineural hearing loss segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). Sensorineural hearing loss reduces sensitivity to sound, which a hearing aid can partially compensate for by amplifying sound. A hearing aid is a device that helps people with hearing loss hear better by making sounds audible. This influences the sensorineural hearing loss segment to dominate the market share in the upcoming years.

France Hearing Aids Market - By Distribution Channel

Based on the distribution channel, the France Hearing Aids Market is segmented into Large Retail Chains, Manufacturer Owned Retail Chains, Public, and Others. Among these, the large retail chain segment holds the largest market share. Due to the growing market of over-the-counter (OTC) hearing aid networks of retail chains, the large retail chain segment is expected to dominate the market. All these factors boost the growth of the France Hearing Aids Market during the forecast period (2022-2028).

Competitive Landscape

The leading market players in the France Hearing Aids Market are William Demant Holding A/S, Sonova Holding, Sivantos Pte Ltd, GN Store Nord AS, Widex A/S, and Starkey Hearing Technologies Inc., and other prominent players.

The France Hearing Aids Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Product Service/Segmentation By Product, By Device Type, By Type of Hearing Loss, By Distribution Channel
Key Players William Demant Holding A/S, Sonova Holding, Sivantos Pte Ltd, GN Store Nord AS, Widex A/S, Starkey Hearing Technologies Inc., and other prominent players.

 

By Product

  • Hearing Aid Devices
  • Hearing Implants

By Device Type

  • Digital Hearing Aids
  • Analog Hearing Devices

By Type of Hearing Loss

  • Sensorineural Hearing loss
  • Conductive Hearing loss

By Distribution Channel

  • Large Retail Chains
  • Manufacturer Owned Retail Chains
  • Public
  • Others
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. France Hearing Aids Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Landscape/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. France Hearing Aids Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Thousand Units)
    2. Market Share & Forecast
      1. By Product
        1. Hearing Aid Devices
        2. Hearing Implants
      2. By Device Type
        1. Digital Hearing Aids
        2. Analog Hearing Devices
      3. By Type of Hearing Loss
        1. Sensorineural Hearing loss
        2. Conductive Hearing loss
      4. By Distribution Channel
        1. Large Retail Chains
        2. Manufacturer Owned Retail Chains
        3. Public
        4. Others
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
  7. Impact of Covid-19 on France Hearing Aids Market Industry
  8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. William Demant Holding A/S
    2. Sonova Holding
    3. Sivantos Pte Ltd
    4. GN Store Nord AS
    5. Widex A/S
    6. Starkey Hearing Technologies Inc.
    7. Other prominent players

 

  1. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1        France Hearing Aids Market Segmentation

Figure 2        France Hearing Aids Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        France Hearing Aids Market Size, By Value (USD Million), 2018-2028

Figure 5        France Hearing Aids Market Share, By Product, By Value, 2018-2028

Figure 6        France Hearing Aids Market Share, By Device Type, By Value, 2018-2028

Figure 7        France Hearing Aids Market Share, By Type of Hearing Loss, By Value, 2018-2028

Figure 8        France Hearing Aids Market Share, By Distribution Channel, By Value, 2018-2028

 

List of Tables

 

Table 1         France Hearing Aids Market Size, By Product, By Value, 2018-2028

Table 2         France Hearing Aids Market Size, By Device Type, By Value, 2018-2028

Table 3         France Hearing Aids Market Size, By Type of Hearing Loss, By Value, 2018-2028

Table 4         France Hearing Aids Market Size, By Distribution Channel, By Value, 2018-2028

Table 5         William Demant Holding A/S Company Overview

Table 6         William Demant Holding A/S Financial Overview

Table 7         Sonova Holding AG Company Overview

Table 8         Sonova Holding AG Financial Overview

Table 9         Sivantos Pte Ltd Company Overview

Table 10        Sivantos Pte Ltd Financial Overview

Table 11        GN Store Nord AS Company Overview

Table 12        GN Store Nord AS Financial Overview

Table 13        Widex A/S Company Overview

Table 14        Widex A/S Financial Overview

Table 15        Starkey Hearing Technologies Inc. Company Overview

Table 16        Starkey Hearing Technologies Inc. Financial Overview

 

 

Market Segmentation

By Product

  • Hearing Aid Devices
  • Hearing Implants

By Device Type

  • Digital Hearing Aids
  • Analog Hearing Devices

By Type of Hearing Loss

  • Sensorineural Hearing loss
  • Conductive Hearing loss

By Distribution Channel

  • Large Retail Chains
  • Manufacturer Owned Retail Chains
  • Public
  • Others
No data available

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