In 2023, the market size value per capita for pacemakers and hearing aids in the UK was approximately 5.95 Euros. Forecast data from 2024 to 2028 indicates a gradual decline, with a decrease from 5.9 Euros in 2024 to 5.7 Euros by 2028. This trend suggests a year-on-year reduction; for instance, from 2024 to 2025, there's a 0.85% decline, and similarly, in subsequent years. Over the five-year span, the compound annual growth rate (CAGR) is -0.85%, reflecting a consistent downtrend in per capita spending.
Future trends to monitor include:
- Technological advancements in device efficiency and cost reduction.
- Potential regulatory changes impacting market dynamics.
- Demographic shifts that may alter demand patterns, particularly with an aging population.