Europe Hearing Aids Market Research, Review, Applications and Forecast to 2030

 

The Europe Hearing Aids Market was valued at US$ 7,833.94 million in 2022 and is expected to reach US$ 11,341.50 million by 2030; it is estimated to register a CAGR of 4.7% from 2022 to 2030.

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The List of Companies - Europe Hearing Aids Market

1. Starkey Laboratories Inc.

2. Audina Hearing Instruments Inc

3. GN Store Nord AS

4. Cochlear Ltd

5. WS Audiology AS

6. Sonova Holding AG

7. Sonic Innovations Inc

 Strategic Company Initiatives Drive Growth in the Europe Hearing Aids Market

Companies in the Europe hearing aids market are actively pursuing strategic initiatives such as collaborations, expansions, agreements, partnerships, and product launches to enhance their market presence, expand geographic reach, and cater to a wider customer base.

Key Strategic Developments:

  • Sony Electronics and WS Audiology Partnership:
    • In October 2022, Sony launched its first over-the-counter (OTC) hearing aids, the CRE-C10 and CRE-E10, developed in partnership with WS Audiology.
    • This collaboration focuses on innovation, accessibility, and personalization, aiming to break down barriers for individuals with mild to moderate hearing loss.
    • In September 2022, Sony and WS Audiology formalized their partnership to develop and supply new OTC self-fitting hearing aid products and services, combining their technological and medical expertise.
  • Starkey's Evolv AI Platform:
    • In August 2021, Starkey introduced the Evolv AI hearing aid platform, built on Starkey Sound technology, which emulates the human auditory system.
    • Starkey also launched the industry's smallest 2.4 GHz completely-in-canal hearing aid as part of the Evolv AI line.
  • Sonova's Acquisition of Sennheiser Consumer Business:
    • In May 2021, Sonova acquired Sennheiser Consumer Business, expanding its portfolio to include headphones and soundbars alongside hearing aids, cochlear implants, and other hearing solutions.
    • This acquisition leverages the complementary expertise of both companies to strengthen and expand their business areas.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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