Published on : Mar 06, 2018
Albany, New York, March 6, 2018: Hearing aids have transformed the lives of millions of people who live with hearing disorders. With the growing technology, currently available digital Bluetooth inbuilt has gained chief importance among the hearing impaired, enabling them to utilize phones, tablets, televisions and music players. A new study titled “Bluetooth Hearing Aids Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2026” has been recently added to the wide database of Market Research Hub (MRH), offering readers a clear perspective of the market current scenario as well as future growth prospects until 2026. To interpret market size estimations, metrics such as Year-on-Year (Y-o-Y) growth rates and compound annual growth rate (CAGR) have been used.
A Bluetooth hearing aids are becoming the game changer with provision of highly refined features. Nowadays, they are also integrated with capabilities to remotely change programs or volume from the streamer. It has been analyzed that 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.
Key Highlights from the Study
As per the recent findings, the global Bluetooth hearing aids market will register a fabulous expansion between the period 2017 and 2026. Also, global sales of Bluetooth hearing aids are forecast to surpass revenues worth US$ 850 Mn by 2026-end.
Geographically, the research highlights opportunities present in the market on the basis of regional analysis which includes Latin America, North America, Japan, Europe, APEJ, and MEA. According to the report, North America region is projected to remain dominant in the global Bluetooth hearing aids market, in terms of revenues. In North America, over 10% of the population is affected from hearing impairment, and the percentage is increasing, even among the youth population. These instances significantly create opportunity for penetration of Bluetooth hearing aids in the region.
Moreover, the market has been segmented on the basis of product type, patient type, end-user. Based on product type, it includes behind-the-ear hearing aids, in-the-ear, in-the-canal, completely-in-the-canal and receiver in the ear hearing aids. Amongst, behind-the-ear (BTE) hearing aids and in-the-ear (ITE) hearing aids are expected to be the most remunerative in the global Bluetooth hearing aids market through the forecast period. On the basis of patient type, it has been identified that Bluetooth hearing aids are expected to witness the largest demand from adult patients.
At last, a vital section covering competitive landscape has been featured in the research study which covers profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies. Some of the major companies active in the global Bluetooth hearing aids market include Medtechnica Orthophone, Siemens Healthcare, Sonova Holding AG, Cochlear, MED-EL, Union Hearing Aid Centre, Beltone, Starkey Hearing Aids, Miracle Hearing Aid Clinic, Persona, Eartone, Shenzhen Sunsky Technology, GN ReSound, GN Store Nord A/S, and Widex A/S.
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