Hearing Aid Market Overview in Cyprus
The revenue of the hearing aid market in Cyprus amounted to $ in 2018, jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, hearing aid consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of % y-o-y. Over the period under review, the hearing aid market hit record highs at $ in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.