As of 2015, hearing impaired patients in Italy may be subsidized by their public healthcare system. There is also a complex system of health insurance companies that can complement the public reimbursement. However, for more advanced hearing aids, patients have to pay the remaining portion themselves. In addition, reimbursement in the Italian social system is limited to people who have severe hearing loss; minor and moderate hearing losses are not covered by this system. If a patient has anything less than severe hearing loss, they are responsible for 100% of the price.
The total hearing aid market includes both manufacturer revenue and retail revenue. The manufacturer hearing aid market segment represents the revenue generated from manufacturers selling their hearing aids to retailers. The retail hearing aid market segment represents the revenue generated from retailers selling hearing aids to end users. This approach was taken in order to do a comparison of the market revenue of the manufacturers of the hearing aid devices versus the retail hearing aid sales.
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TABLE OF CONTENTS I
LIST OF FIGURES III
LIST OF CHARTS IV
EXECUTIVE SUMMARY 1
EUROPEAN HEARING DEVICE MARKET OVERVIEW 1
COMPETITIVE ANALYSIS 3
MARKET TRENDS 5
MARKET DEVELOPMENTS 6
MARKETS INCLUDED 7
KEY REPORT UPDATES 8
VERSION HISTORY 8
RESEARCH METHODOLOGY 9
1.1 RESEARCH SCOPE 9
1.2 IDATA’S 9-STEP METHODOLOGY 9
Step 1: Project Initiation & Team Selection 9
Step 2: Prepare Data Systems and Perform Secondary Research 11
Step 3: Preparation for Interviews & Questionnaire Design 12
Step 4: Performing Primary Research 13
Step 5: Research Analysis: Establishing Baseline Estimates 15
Step 6: Market Forecast and Analysis 16
Step 7: Identify Strategic Opportunities 18
Step 8: Final Review and Market Release 19
Step 9: Customer Feedback and Market Monitoring 20
COUNTRY PROFILES 21
2.1 INTRODUCTION 21
2.1.1.1 Population 21
2.1.1.2 Median Age 21
2.1.1.3 Hearing Aid Penetration Rate 21
2.1.1.4 GDP Per Capita 21
2.1.1.5 Price Index 22
2.2 ITALY 23
ITALY HEARING AID MARKET 24
3.1 INTRODUCTION 24
3.1.1 Reimbursement Policies 24
3.1.2 Industry Structure 24
3.2 HEARING AID COUNTRY STATISTICS 25
3.3 MARKET ANALYSIS AND FORECAST 27
3.3.1 Manufacturer Hearing Aid Market 27
3.3.2 Retail Hearing Aid Market 30
3.4 UNIT ANALYSIS 32
3.4.1 Units Sold by Style 32
3.4.2 Units Sold by Circuit 35
3.4.3 Units Sold by Battery Size 39
3.5 DRIVERS AND LIMITERS 42
3.5.1 Market Drivers 42
3.5.2 Market Limiters 43
3.6 COMPETITIVE MARKET SHARE ANALYSIS 44
3.6.1 Manufacturer Hearing Aid Market 44
3.6.2 Retail Hearing Aid Market 48
ABBREVIATIONS 51
Chart 1 1: Hearing Device Market by Segment, Europe, 2012 – 2022 2
Chart 1 2: Hearing Device Market Overview, Europe, 2012 & 2022 2
Chart 2 1: Country Profile, Italy, 2015 23
Chart 3 1: Manufacturer Hearing Aid Market, Italy, 2012 – 2022 29
Chart 3 2: Retail Hearing Aid Market, Italy, 2012 – 2022 31
Chart 3 3: Leading Competitors, Manufacturer Hearing Aid Market, Italy, 2015 47
Chart 3 4: Leading Competitors, Retail Hearing Aid Market, Italy, 2015 50
Sonova
Siemens
William Demant
GN ReSound
Widex
Starkey
Others include Audifon, Audina, Audio Service , Eurion, ExSilent, Gewa, Hansaton, Magnatone/Persona Medical, Puretone, Rion, Sebotek, Starkey, etc