Canada - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingHearing Aid Price in Canada - 2023
Contents:
- Hearing Aid Price in Canada (CIF) - 2022
- Hearing Aid Price in Canada (FOB) - 2022
- Hearing Aid Imports in Canada
- Hearing Aid Exports in Canada
Hearing Aid Price in Canada (CIF) - 2022
The average hearing aid import price stood at $102 per unit in 2022, with a decrease of -12.9% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 7.5%. Over the period under review, average import prices reached the maximum at $220 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($335 per unit), while the price for Mexico ($35 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.6%), while the prices for the other major suppliers experienced a decline.
Hearing Aid Price in Canada (FOB) - 2022
The average hearing aid export price stood at $156 per unit in 2022, dropping by -9.2% against the previous year. Over the period under review, the export price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2014 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $302 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($156 per unit) and the Philippines ($156 per unit), while the average price for exports to the United States ($156 per unit) and Iran ($156 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (-1.1%), while the prices for the other major destinations experienced a decline.
Hearing Aid Imports in Canada
Hearing aid imports into Canada surged to 1.7M units in 2022, rising by 22% compared with the previous year. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hearing aid imports totaled $178M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Hearing Aid in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 54.0 | 30.3 | 47.2 | 59.9 | 3.5% |
| China | 25.2 | 18.7 | 29.5 | 29.0 | 4.8% |
| Vietnam | 24.9 | 28.7 | 28.1 | 24.7 | -0.3% |
| Singapore | 22.5 | 17.3 | 17.6 | 16.1 | -10.6% |
| Australia | 13.2 | 12.5 | 16.4 | 14.5 | 3.2% |
| Poland | 1.8 | 11.7 | 8.7 | 7.8 | 63.0% |
| United States | 7.4 | 7.0 | 7.3 | 6.8 | -2.8% |
| Mexico | 2.2 | 2.1 | 2.6 | 5.1 | 32.3% |
| Others | 5.3 | 2.9 | 10.8 | 14.5 | 39.9% |
| Total | 156 | 131 | 168 | 178 | 4.5% |
Top Suppliers of Hearing Aid to Canada in 2022:
- Denmark (791.1K units)
- Singapore (238.3K units)
- China (178.1K units)
- Mexico (143.3K units)
- United States (143.0K units)
- Vietnam (124.5K units)
- Poland (49.8K units)
- Australia (24.9K units)
Hearing Aid Exports in Canada
Hearing aid exports from Canada surged to 238K units in 2022, with an increase of 36% on the previous year's figure. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, hearing aid exports skyrocketed to $37M in 2022. In general, exports recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Hearing Aid in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.4 | 2.0 | 8.8 | 13.3 | 111.8% |
| Poland | 14.7 | 11.5 | 12.6 | 13.3 | -3.3% |
| United States | 4.4 | 3.5 | 3.8 | 4.1 | -2.3% |
| China | 1.3 | 1.3 | 4.0 | 3.4 | 37.8% |
| Philippines | N/A | N/A | N/A | 2.0 | 0% |
| Iran | N/A | N/A | 0.2 | 0.7 | 250.0% |
| Others | 0.2 | 0.4 | 0.5 | 0.3 | 14.5% |
| Total | 22.1 | 18.6 | 30.1 | 37.0 | 18.7% |
Top Export Markets for Hearing Aid from Canada in 2022:
- Vietnam (85.7K units)
- Poland (85.2K units)
- United States (26.2K units)
- China (21.6K units)
- Philippines (12.7K units)
- Iran (4.7K units)
This report provides an in-depth analysis of the hearing aid market in Canada. 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 2030.
Product coverage:
- Prodcom 26601433 - Appliances for overcoming deafness (excluding parts and accessories)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
886
This report provides an in-depth analysis of the hearing aid market in Canada.
354
This report provides an in-depth analysis of the orthopedic prosthetics market in Canada.
825
This report provides an in-depth analysis of the pacemaker market in Canada.
383
This report provides an in-depth analysis of the orthopedic artificial joints market in Canada.
364
This report provides an in-depth analysis of the dental fitting market in Canada.
215
This report provides an in-depth analysis of the individual artificial teeth market in Canada.
264
This report provides an in-depth analysis of the individual plastic teeth market in Canada.
251
This report provides an in-depth analysis of the orthopaedic appliances market in Canada.
90
This report provides an in-depth analysis of the artificial teeth market in Canada.
272
This report provides an in-depth analysis of the tyre cord fabric market in Canada.
220
During the period from April 2023 to June 2023, the imports of pacemakers experienced a significant surge, with a value of $5.3M recorded in June 2023.
66
Dental Fitting imports peaked at 80M units in 2021 but remained lower from 2022 to 2023. In value terms, Dental Fitting imports dramatically contracted to $98M in 2023.
518
In September 2022, the uncooked pasta price amounted to $2,605 per ton (CIF, Canada), jumping by 45% against the previous month.
140
Explore the top import markets for hearing aids and their key statistics. Learn about the world's largest importers of hearing aids and their import values.
1186
In value terms, bodies including cabs for the motor vehicles imports amounted to $X in 2016. In general, bodies including cabs for the motor vehicles imports continue to indicate a mild decline. Gl...
539
In value terms, bodies including cabs for the motor vehicles exports totaled $X in 2016. In general, bodies including cabs for the motor vehicles exports continue to indicate a slight decrease. Ove...
1276
With the flow of time, it is no secret that the pace of technological development is gaining speed, with manufacturers and scientists coming up with more unimaginable groundbreaking hi-tech gadgets and devices seemingly with each passing day. X printi
220
Discover the world's best import markets for pacemakers and explore key statistics and insights. Find out which countries are the top importers and understand the factors driving their market dominance.
125
Explore the top import markets for orthopedic artificial joints, including the United States, the Netherlands, Belgium, Germany, and more. Discover key statistics and import values from IndexBox market intelligence platform.
703
In value terms, artificial filament tow imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
