The market size value per capita for pacemakers and hearing aids in Germany has shown a declining trend from 2012 to 2022, with a notable decrease from 4.94% Euros per capita in 2012 to 2.44% in 2022. The year-on-year variation indicates a steady decline, with the most recent two years registering decreases of 5.11% from 2020 to 2021 and 5.43% from 2021 to 2022. Over the last five years, the compound annual growth rate (CAGR) is negative, averaging a decrease of approximately 3.76% per year. As of 2023, the market size value is not indicated but is expected to continue this declining trend.
Future trends to watch for include the impact of emerging healthcare technologies and innovations on market recovery, potential shifts in demographic considerations, and changes in healthcare policies that might affect demand and supply. Monitoring these factors will be crucial in understanding the market dynamics going forward.
