Global Bluetooth Hearing Aids Market Overview:
The goal of hearing aids is to help to understand conversation more clearly in as many environments as possible. Bluetooth functionality adds to that improvement and makes the connection process simpler. For many, these features are life-changing and allow smoother conversation and better connections with friends and family. An increase in online sales of hearing aid devices and developments in hearing aids and its battery technology are expected to drive the market for bluetooth hearing aids in the forecasted period.
- Surging Consumer Preference for Wearable and Portable Devices
- Personalized Listening Experience with Bluetooth Hearing Aids
- Adoption of Technological such as Digital Noise Decrease and Speech Improvement
- High Cost Associated with Hearing Aids
- More Opportunities in Emerging Countries
- Increasing Demand due to Attractive Promotional and Marketing Activities
- Product deficiencies such as low battery life
Companies are implementing various strategies such as mergers & acquisitions, new product launch, joint ventures, partnerships and others. Medical technology and healthcare players are setting standards by manufacturing audiology devices with the help of various technological advancements.
Some of the key players profiled in the report are Sonova (Switzerland), Eartone (United States), Siemens Healthcare (Germany), Sivantos Pte (Singapore), Beltone (United States), Miracle Hearing Aid Clinic (United States), Cochlear (Australia), Starkey (United States), GN ReSound (Denmark), Union Hearing Aid Centre (Canada), Shenzhen Sunsky Technology (China), Med-El (Austria) and Medtechnica Orthophone (Israel). Additionally, following companies can also be profiled that are part of our coverage like William Demant Holding A/S (Denmark) and GN Store Nord A/S (Denmark). Analyst at AMA Research see Global Players to retain maximum share of Global Bluetooth Hearing Aids market by 2025. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Bluetooth Hearing Aids market.
Latest Market Insights:
In March 2019, Sivantos and Widex successfully complete the merger, and a new company will operate under the name WS Audiology and be headquartered in Lynge, Denmark, and Singapore.
The Food and Drug Administration (FDA) is developing proposed regulations for over-the-counter (OTC) hearing aid devices. According to the FDA Reauthorization Act of 2017, these devices will be available to the consumer through retail outlets and without having to engage an audiologist, either for a pre-purchase hearing evaluation, or for the selection, fitting, or verification of performance of the device.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bluetooth Hearing Aids market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bluetooth Hearing Aids market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Bluetooth Hearing Aids Manufacturer, Bluetooth Hearing Aids Suppliers, Private Research Agencies and Consulting Enterprises, Government Bodies, Industry Associations, Government Market Research and Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.