The Pacemakers and Hearing Aids market in the UK has experienced variations over the last decade, with a noticeable decline from 7.11 euros per capita in 2013 to 5.95 euros in 2023. Notably, the steepest decline occurred between 2016 and 2017. Over recent years, the market has shown a slight recovery from its low in 2017, peaking again in 2019 before stabilizing around 6 euros per capita through 2021 to 2023. The current year-on-year decline from 2022 to 2023 stood at approximately 0.83%, while the five-year CAGR depicts an average yearly decrease of about 0.34%.
Future trends to watch for include potential market growth spurred by aging demographics, advancements in technology, and increased healthcare funding. Emerging innovations and enhanced functionality are poised to drive demand, although economic constraints could temper growth.
How does the United Kingdom rank in Pacemakers and Hearing Aids Market Size Value Per Capita?
| # | 7 Countries | Euros Per Capita | Last Year | |
|---|---|---|---|---|
| 1 | 1 France | 17.16 | 2023 | View data |
| 2 | 2 Finland | 8.57 | 2023 | View data |
| 3 | 3 Italy | 8.38 | 2023 | View data |
| 4 | 4 Spain | 6.04 | 2023 | View data |
| 5 | 5 United Kingdom | 5.95 | 2023 | |
| 6 | 6 Croatia | 3.62 | 2023 | View data |
| 7 | 7 Germany | 1.97 | 2023 | View data |
