The Croatian pacemakers and hearing aids market has demonstrated a variable growth pattern over the past decade. In 2023, the market size reached 14.36 million Euros. Notably, over the past two years, a moderate increase was observed, with a year-on-year growth rate of 4.62% in 2022 and 2.65% in 2023. The compound annual growth rate (CAGR) from 2019 to 2023 stood at 1.6%, highlighting a steady albeit slow growth trend.
Future trends to watch for:
- Advancements in technology leading to more sophisticated devices.
- Growing aging population potentially increasing demand.
- Healthcare policy reforms impacting market dynamics.
How does Croatia rank in Pacemakers and Hearing Aids Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,123,600,000 | 2023 | +5.25% | +5.48% | View data |
| 2 | 2 Italy | 504,850,000 | 2023 | +1.26% | +1.02% | View data |
| 3 | 3 United Kingdom | 404,950,000 | 2023 | -0.36% | +0.65% | View data |
| 4 | 4 Spain | 266,240,000 | 2023 | -1.16% | -1.06% | View data |
| 5 | 5 Germany | 162,540,000 | 2023 | -10.91% | -8.5% | View data |
| 6 | 6 Finland | 47,599,000 | 2023 | +1.17% | +0.47% | View data |
| 7 | 7 Croatia | 14,360,000 | 2023 | +2.65% | +1.6% |
