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 are becoming the game-changer
with the endowment of extremely sophisticated features. Currently, they are
also incorporated with capabilities to remotely change programs or volume from
the streamer. Personalized listening experience has been one of the foremost
benefits of bluetooth hearing aids, which has driven their adoption among
hearing lessened patients over the past few years. The main aim of hearing aids
has forever been making developments in speech understanding. Numerous hearing
aid vendors have commenced integrating bluetooth technology in their
progressive hearing aid’s microchips, so as to make a speech from devices, for
instance, televisions and phones more accessible to the hearing impaired.
Recently developed built-in microphones in advanced bluetooth hearing aids
allow automatic voice pickup, assisting people to make two-way conversations
via their hearing aids.
The increasing incidence rate of hearing disorders
among the geriatric population has resulted in rising sales of effective
hearing devices. Bluetooth hearing aids allow manifold devices to run in a
single streamer, increasing the necessity for a personalized experience with
better speech understanding, remote control of hearing aids and standard
protocols of hospitals are some of the major key drivers of bluetooth hearing
aids market. Nevertheless, the low battery life of hearing aids coupled with
uncomfortable buzzing and amplification is the most substantial limitation of the
bluetooth hearing aids market. On the other hand, the global bluetooth hearing
aids market is gaining popularity due to the rising technological innovations
and augmented demand for the aesthetic designs of the devices.
In addition, the current concern over the spread of novel
coronavirus is also anticipated to have a negative impact on the bluetooth
hearing aids market for the short term. The spread of COVID-19 outbreak cases
is likely to affect the medical product supply chain resulting in the scarcity
of critical medical devices. Owing to the current pandemic, the medical device the industry has been under tremendous pressure to deliver new products. With
COVID-19 epidemic infections swelling across the globe, the apprehension
regarding a scarcity of essential life-saving devices and other essential
medical supplies in order to prevent the spread of this pandemic and provide
prime care to the infected also widens.
Among the geographies, North America region is
expected to hold the largest share in the global bluetooth hearing aids market
owing to the presence of several leading hearing device manufacturers. Further,
factors such as the increasing number of hearing loss incidences in the US and
Canada is expected to drive market growth in the North America region.
However, the Asia Pacific region is expected to witness high growth during the
forecast period owing to the high noise pollution levels in Asian countries
such as India, China, and Japan. Other factors pouring the market in Asia
Pacific region is increasing disposable income and healthcare expenditure of
the general population, along with government initiatives.
The report on the 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
companies.
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.
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