TechNavio recognizes the following companies as the key players in the Global Hearing Aids Market: Sonova Holding AG, William Demant Holding A/S, Starkey Hearing Technologies, Siemens Healthcare, and Widex A/S.
Commenting on the report, an analyst from TechNavio’s team said: “Most of the hearing aids vendors have been introducing wireless hearing aid products or product lines since the economic recession of 2008-2009. Wireless communication between hearing aids and other personal media and between binaural hearing aids has been a boon to hearing aid users. For instance, Starkey Hearing Technologies introduced the WI Series, which is a product line of one of the most advanced wireless hearing aids in the market at present. Similarly, Siemens Healthcare introduced the Tek wireless enhancement system, which uses Bluetooth technology to transform a hearing aid into a personal wireless headset. Moreover, improvements in wireless technology applications in the Global Hearing Aids market are encouraging more patients to opt for hearing aids than ever before.”
According to the report, one of the major factors driving the Global Hearing Aids market is the increased sales of advanced digital hearing aids in developed countries such as the US and Germany. The market in these developed countries is mainly driven by technological advancements in bone-anchored hearing aids and the introduction of wireless Bluetooth technology by vendors.
Further, the report states that one of the major challenges in the Global Hearing Aids market is low public awareness of hearing aids, mainly in developing countries of the APAC region compared to developed countries. This is mainly because of the lack of healthcare infrastructure and resources in countries such as India, Pakistan, and Thailand, which is restricting the growth of the market in these countries.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are GN ReSound, Panasonic Corp., Amplifon SpA, MED-EL GmbH, and Zounds Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-hearing-aids-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Hearing Aids Market 2012-2016
