Hearing Aid Market Overview in Germany
In value terms, hearing aid production fell slightly to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by % y-o-y. Over the period under review, production reached the peak level at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
The value of the hearing aid market in Germany rose significantly to $ in 2019, growing 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2014 to 2019, the growth of the market remained at a somewhat lower figure.