Bluetooth Hearing Aid Market is Driven by Rising Investments in R&D & High Standard Lifestyle in United States

The growth of the Bluetooth hearing aids market is predicted to increase from a valuation of US$ 2.2 billion in 2022 to US$ 4.1 billion by the end of 2030.

The rising cases of hearing impairment has resulted in high demand for hearing aids. Traditional and wired hearing aids often limited a user’s access to their smart phones or music players. However technologies today are more sophisticated and are allowing users to connect to their personal electronic devices to stream signals and music to hearing aids.

Some of the leading companies are aiming at more sophisticated design and robust technologies for Bluetooth hearing aids. The advent of artificial intelligence (AI) in the market resonates their goal to provide cutting-edge technologies to the users.

Get a Sample Copy of Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-12537

A slew of product launches are on cards and as per FMI, this will be one of the chief drivers of the market. It its report FMI studies various factors enabling growth in the market and opportunities for expansion. It gauges prospects held for innovation and research initiatives.

Some of the key takeaways from the report are highlighted below:

  • Global market for Bluetooth hearing aids is expected to reach US$ 2 Bn by the end of 2020
  • An increasing number of companies are expected to strengthen their online presence to gain competitive advantage. The increasing number of online star-ups selling Bluetooth hearing aids will compel leading market players to rethink strategies to bolster their ecommerce presence
  • Europe is expected to remain the dominant regional market for Bluetooth hearing aids. Rising cases of hearing impairment will stoke growth opportunities in the region
  • Behind-the-ear hearing aids hold dominance among product types however in the coming years the demand for in-the-ear hearing aids is expected to rise at a greater pace

COVID-19 Impact on Bluetooth Hearing Aids Market

With COVID-19 tightening its noose around the world, apprehensions regarding shortage in supply of live-saving and essential medical supplies are widening. Healthcare centers and hospitals are scrambling to tackle with soaring cases of coronavirus infections. Against this scenario, patients are fearing inadequacy in optimal treatment for health conditions other than COVID-19.

The unprecedented pandemic outbreak is expected to have significant impact on the market for Bluetooth hearing aids. Besides disruptions in supply-chain, complexities witnessed in the healthcare sector are expected affect the market as well.

Who is winning?

Some of the key players operating in the Bluetooth hearing aid market are Union Hearing Aid Centre Limited, Beltone, MED-EL Eartone Hearing Aid, Shenzhen Sunsky Technology, Widex, Cochlear, Wiliam Demant Holding, Sonova Holding, GN ReSound, Siemens Healthcare, Sivantos Pte. Ltd., Miracle Hearing Aid., Starkey Hearing Aid, Persona’Medtechnica Orthophone, GN Stoe Nord, and others.

Companies in the Bluetooth hearing aids market are operating in a highly competitive environment. As a result there is immense focus on product launches among key players as they aim at gaining competitive advantage. Also, rising demand for advanced technologies is encouraging innovations in the market.

  • In March 2019, Oticon launched a new product named Oticon Opn S, which uses 2.4GHz Bluetooth with low energy technology and offers easy connectivity and compatibility with Android and I-Phone and it streams to both ears
  • In April 2018, Widex launched its new product Named Widex Evoke specially designed for I-Phone. It incorporated artificial intelligence to store information on the user preference over the time and automatically adjust the programs based on the inputs

Get 40% Discount on Customized Report@
https://www.futuremarketinsights.com/customization-available/rep-gb-12537

Bluetooth Hearing Aid Market Segmentation

Product Type

  • In-The-Ear Hearing Aid (ITE)
  • In-The-Canal Hearing Aid (ITC)
  • Behind-The-Ear Hearing Aid (BTE)
  • Completely-In-The Canal Hearing Aid (CIC)
  • Receiver-In-The-Ear Hearing Aid (RIE)

Sales Channel

  • Wholesalers/Distributors
  • Online Retailers
  • Multi-brand Stores
  • Speciality Stores
  • Hypermarkets/Supermarkets
  • ENT Clinics and Audiology Centres
  • Other Sales Channel

Application

  • Hospitals
  • Clinic/ Medical Centers
  • Individual

End User

  • Adults
  • Kids

Regional Outlook

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Inquire Before Buying Research Report@
https://www.futuremarketinsights.com/ask-question/rep-gb-12537

Read Related Reports@

https://inobee.com/read-blog/143672_men-s-sneakers-market-growth-covid-impact-trends-analysis-report-2032.html

https://blogfreely.net/shital11joshi/mens-sneakers-market-segmentation-and-major-key-players-analysis-2032

https://frustratedgamers.com/read-blog/246039_men-s-sneakers-market-analysis-size-share-growth-trends-and-forecast-2032.html

https://vherso.com/read-blog/28694_men-s-sneakers-market-trends-size-competitors-strategy-regional-analysis-and-gro.html

https://investorsconnect.com/read-blog/17130_men-s-sneakers-market-overview-growth-share-revenue-and-forecast-2032.html

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these