In 2023, the value of re-imported hearing aids to the UK was consistent with the trend observed in the forecast data. Forecasts indicate a steady year-on-year increase of approximately 0.72% from 2024 through 2028, with values beginning at 1.39 thousand and gradually rising to 1.43 thousand. The compound annual growth rate (CAGR) over this five-year period is also projected to be around 0.72%, demonstrating stable growth.
Future trends to watch for include:
- Technological advancements in hearing aid design could impact future re-import volumes and values.
- Changes in global trade policies post-Brexit might influence the import dynamics for electronic medical devices like hearing aids.
- Demographics shifts, particularly age-related, may increase demand for hearing aids.