Latest Report Update: Oct 25, 2021

Czech Republic - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Czech Republic: Hearing Aid Market Overview 2021

Hearing Aid Market Size in the Czech Republic

In 2020, the Czech hearing aid market increased by X% to $X, rising for the second consecutive year after four years of decline. Overall, the total consumption indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Hearing Aid Production in the Czech Republic

In value terms, hearing aid production soared to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2010 when the production volume increased by X% year-to-year. Hearing aid production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Hearing Aid Exports

Exports from the Czech Republic

In 2020, the amount of hearing aids (excl. parts and accessories) exported from the Czech Republic soared to X units, picking up by X% against the previous year. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, hearing aid exports skyrocketed to $X in 2020. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2020 and are likely to see steady growth in the near future.

Exports by Country

Switzerland (X units), Slovakia (X units) and Germany (X units) were the main destinations of hearing aid exports from the Czech Republic, together accounting for X% of total exports. Austria lagged somewhat behind, comprising a further X 2007 to 2020, the biggest increases were in Austria (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the key foreign market for hearing aid exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Slovakia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Switzerland (+X% per year).

Export Prices by Country

In 2020, the average hearing aid export price amounted to $X per unit, rising by X% against the previous year. In general, the export price posted modest growth. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia, while the prices for the other major destinations experienced a decline.

Hearing Aid Imports

Imports into the Czech Republic

In 2020, supplies from abroad of hearing aids (excl. parts and accessories) increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the near future.

In value terms, hearing aid imports skyrocketed to $X in 2020. Overall, total imports indicated strong growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, Denmark (X units) constituted the largest hearing aid supplier to the Czech Republic, accounting for a X% share of total imports. Moreover, hearing aid imports from Denmark exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. The third position in this ranking was occupied by China (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Denmark stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and China (+X% per year).

In value terms, Denmark ($X) constituted the largest supplier of hearing aid to the Czech Republic, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Austria (+X% per year).

Import Prices by Country

In 2020, the average hearing aid import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per unit in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hearing aids (excl. parts and accessories) in the world?
+
The countries with the highest volumes of hearing aid consumption in 2020 were China (31M units), the U.S. (18M units) and Canada (6M units), with a combined 54% share of global consumption.
What are the largest producers of hearing aids (excl. parts and accessories) in the world?
+
The country with the largest volume of hearing aid production was China (37M units), comprising approx. 41% of total volume. Moreover, hearing aid production in China exceeded the figures recorded by the second-largest producer, the U.S. (9.3M units), fourfold. Mexico (5.4M units) ranked third in terms of total production with a 5.9% share.
What are the leading suppliers of hearing aids (excl. parts and accessories) to the Czech Republic?
+
In value terms, Denmark ($9M) constituted the largest supplier of hearing aid to the Czech Republic, comprising 45% of total imports. The second position in the ranking was occupied by Germany ($2.4M), with a 12% share of total imports. It was followed by Austria, with a 10% share.
What are the leading importers of hearing aids (excl. parts and accessories) from the Czech Republic?
+
In value terms, Slovakia ($2.1M) remains the key foreign market for hearing aid exports from the Czech Republic, comprising 86% of total exports. The second position in the ranking was occupied by Germany ($167K), with a 6.9% share of total exports. It was followed by Switzerland, with a 6.4% share.
What is the average export price for hearing aids (excl. parts and accessories) in the Czech Republic?
+
The average hearing aid export price stood at $89 per unit in 2020, rising by 3.7% against the previous year.
What is the average import price for hearing aids (excl. parts and accessories) in the Czech Republic?
+
In 2020, the average hearing aid import price amounted to $201 per unit, growing by 9.3% against the previous year.

Product coverage:
• Prodcom 26601433 - Appliances for overcoming deafness (excluding parts and accessories)

This report provides an in-depth analysis of the hearing aid market in the Czech Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Czech Republic

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Czech Republic
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

Solar Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global solar energy market.



Thursday, November 4th, 2021 @ 03:00 pm ET


Register

Wind Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global wind energy market.



Thursday, November 11th, 2021 @ 04:00 pm ET


Register

Biogas Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data