Bluetooth Hearing Aids Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 - 2024

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Report Code: ZMR-2974 | Report Format : | Status : Upcoming |

Abstract

Global Bluetooth Hearing Aids Market: Overview

Bluetooth hearing aids are becoming the game changer with the provision of highly sophisticated features. Nowadays, they are also integrated with capabilities to remotely change programs or volume from the streamer. Personalized listening experience has been one of the major benefits of Bluetooth hearing aids, which has driven their adoption among hearing impaired patients over the past few years. The primary aim of hearing aids has forever been making improvements in speech understanding. Several hearing aid manufacturers have commenced incorporating Bluetooth technology in their advanced hearing aid’s microchips, so as to make a speech from devices such as televisions and phones more accessible to the hearing impaired. Recently developed built-in microphones in new Bluetooth hearing aids enable automatic voice pickup, helping people to make two-way conversations via their hearing aids.

Global Bluetooth Hearing Aids Market: Growth Factor

As the world is moving towards the new technological advancements, Bluetooth hearing aids have enabled multiple devices capable of being paired to a single streamer, which facilitates switching between different devices. The other benefits offered to patients are Streaming via Bluetooth hearing aids such as personalized hearing experience, remote control of hearing aids and standard protocol in hospitals. Addition of Bluetooth in the traditional hearing aids also stimulated the growth of hearing aids market because it delivers customizable amplification for audio streams coupled with better speech understanding in various listening environments. Removal of hearing aids is not required in case of Bluetooth, allows the hearing impaired which to use daily objects and enjoy more of what life has to offer in the form of phones, televisions, tablets and music players which was limited by traditional hearing aids. On the other hand, the factors that restrain the growth of Bluetooth hearing aids markets include product deficits as the low battery life of hearing aids is one of the biggest limitations to the demand of existing products. Uncomfortable buzzing and amplification are also restraining the growth of Bluetooth hearing aids market.

Global Bluetooth Hearing Aids Market: Segmentation

Bluetooth hearing aids markets are segmented into product/end-user type, by geographical location, and by the application. On the basis of product type, it is segmented into In-The-Ear (ITE), In-The-Canal (ITC), Behind-The-Ear (BTE), Completely-In-The-Canal (CIC) and Receiver-In-The-Ear (RIE). By application, hospitals, clinic, and individuals.

Global Bluetooth Hearing Aids Market: Regional Analysis

Global Bluetooth hearing aids market is segmented geographically into Asia Pacific, North America, Europe, Latin America, Middle East and Africa. The market for Bluetooth hearing aids is expected to register the fastest growth in the Asia Pacific excluding Japan (APEJ), trailed by North America. However, North America will continue to account for the largest market revenue share during the forecast period. Europe is also expected to register the same growth as North America over the forecast period. The Middle East and Africa are anticipated to account for the smallest revenue share of the market over the forecast period.

Global Bluetooth Hearing Aids Market: Competitive Players

Some of the global leading market players manufacturing the Bluetooth hearing aids are Sonova Holding, Miracle Hearing Aid Clinic, Cochlear, Starkey Hearing Aids, GN ReSound, Eartone, Siemens Healthcare, Sivantos Pte. Ltd., Beltone Union Hearing Aid Centre, Shenzhen Sunsky Technology, MED-EL, Persona, Medtechnica Orthophone, William Demant Holding, GN Store Nord & Widex, among others. Many local and regional vendors are offering specific application products for varied end-users because the market competition is constantly growing higher with the rise in technological innovation and Mergers & Acquisitions activities in the industry. The entrants of the new vendor in the market are finding it difficult to compete with the international vendors based on quality, reliability, and innovations in technology.

Global Bluetooth Hearing Aids Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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