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.

Market Insight

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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.