This report provides exclusive insights into the COVID-19 impact on the Bluetooth Hearing Aids Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Bluetooth Hearing Aids Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Bluetooth Hearing Aids Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
bluetooth hearing aids market provides an in-depth analysis of segments and
sub-segments in the global as well as regional bluetooth hearing aids market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional bluetooth hearing aids market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global bluetooth hearing aids market. According
to the report, the global bluetooth hearing aids market is projected to grow at
a CAGR of 8.2% over the forecast period of 2019-2025.
Bluetooth hearing aids get wirelessly connected with the
smartphone, computer, TV, and other devices. It allows streaming HD quality
audio directly to the hearing aids. It delivers excellent sound quality during
conversations and improves the quality of life.
The rising population with hearing problems drive the rise
in demand for Bluetooth hearing aids. As per the World Health Organization,
6.1% of the world’s population that is 466 million individuals globally are
having disabling hearing loss. It is projected that the number could reach 630
million by 2030. Bluetooth hearing aids provide a personalized listening
experience contributing to the increase in the adoption of the product among
hearing-impaired patients. The advanced hearing aid’s microchips with Bluetooth
technology make a speech from phones and televisions more accessible to the
hearing impaired patients. A two-way conversation via hearing aids is possible
with new built-in microphones in Bluetooth hearing aids that enable automatic
voice pick up. The expansion of Bluetooth hearing aids is attributed to the
benefits of Bluetooth hearing aids such as standard protocol in hospitals and
remote control hearing aids. It also provides customizable and amplification
for better speech understanding of audio streams coupled in different listening
environments. The increasing geriatric population globally led to an increase
in demand for Bluetooth hearing aids. It is projected that nearly 17% of the
world’s population will be aged over 65 and over by 2050. The aging population
is prone to various hearing problems. A study estimated that around a third of
adults older than 65 and half of the people older than 85 have some hearing
problems. Hearing problems are the third
most common chronic disease among old adults. On the flip side, product
deficiencies such as low battery life hamper the growth of Bluetooth hearing
aids market. Moreover, technological development stimulates innovative features
in the product creating numerous opportunities for the growth of the Bluetooth
hearing aids market.
Geographically, the global Bluetooth hearing aids market is
segmented into North America, Asia-Pacific, Europe, and the Rest of the World.
North America is expected to hold a premium share in the global Bluetooth hearing
aids market. The rising prevalence of hearing loss in the United States led to
a surge in demand for Bluetooth hearing aids. In the United States, nearly 10.6
percent of the population has hearing loss. Europe has a significant market
share in the global Bluetooth hearing aids market over the forecast period. The
increasing hearing loss problems among the European population due to loud
music and other environmental noise hazards promotes the development of
Bluetooth hearing loss market in Europe. A study has projected that In the
United Kingdom, there will be 14.5 million individuals with hearing loss by
2031. Asia-Pacific region has the fastest CAGR in the global Bluetooth hearing
aids market over the forecast period. The rising geriatric population in the
Asia-Pacific region led to the expansion of the Bluetooth hearing aids market
over the forecast period. A study projected that one in four people in
Asia-Pacific will be aged over 60 years by 2050.
The report on global bluetooth hearing aids market covers
segments such as product type, and application. On the basis of product type,
the sub-markets include in-the-ear (ite), in-the-canal (itc), behind-the-ear
(bte), receiver-in-the-car (rie), and completely-in-the-canal (cic). On the basis
of application, the sub-markets include clinic, hospitals, and individuals.
The report provides profiles of the companies in the market
such as Sonova Holding AG, Eartone, Siemens Healthineers AG, Sivantos Pte.
Ltd., Shenzhen Sunsky Technology Limited, Persona Medical, Demant A/S, Starkey
Hearing Technologies, Beltone Union Hearing Aid Centre, Widex A/S, and Other
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of bluetooth
hearing aids market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.