Between 2013 and 2023, the market size for pacemakers and hearing aids in Romania grew consistently, reaching 115,390,000 units in 2023. The growth rate was remarkable, though it experienced fluctuations. From 2013 to 2017, the market witnessed substantial growth, with the highest year-on-year increase of 21.4% in 2017. The recent years showed a slower growth pace with 4.14% in 2023. The compound annual growth rate (CAGR) over the past five years stands at 4.93%, indicating a deceleration compared to earlier years but retains a positive trajectory.
Future trends to watch for include:
- Technological advancements enhancing product offerings.
- Demographic shifts, particularly an aging population, elevating demand.
- Potential regulatory changes affecting market dynamics.
