The Hungarian pacemakers and hearing aids market experienced fluctuations from 2013 to 2023, starting at 53.6 thousand in 2013 and reaching 74.22 thousand in 2023. The market's growth was marked by a notable increase in 2016 and 2019, with year-on-year growth of 17.72% and 14.79% respectively. Over the past five years, the compound annual growth rate (CAGR) was 3.36%, demonstrating modest overall growth. However, recent years showed a stabilization trend with moderate year-on-year increases.
Future trends to consider include:
- The impact of technology advancements in both pacemakers and hearing aids, which may enhance growth.
- Increasing demand driven by an aging population in Hungary, potentially raising market volume.
- The influence of healthcare policy changes and reimbursement rates on market dynamics.