The Hearing Aids Market To Get Catalysed With Technological Advancements

Posted by Merin John on May 31st, 2021

The healthcare vertical is working on getting the following 4 things by its side – access, affordability, efficiency, and quality. As such, the key participants in the Hearing Aids Market are investing in the replacement or optimization of workforce processes, technologies, and foundational structures, to dole out value-based and cost-effective solutions.

A hearing aid is a device that is designed to help a person with hearing loss by making sound audible for them. Early devices are being replaced with modern hearing aids that are easy-to-use and compact. New technology is being introduced to offer a natural quality of sound without any disturbance. Next-generation of hearing aids are being developed to tackle the common problem of current hearing aids.

New hearing aids equipped with smart sensors are being introduced offer convenience to the user. Wireless hearing aids are developed by companies are gaining popularity in the global hearing aid market. The voice is transferred directly to the hearing aid by eliminating background noise.

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Company Profile

•          Sonova
•          William Demant Holdings
•          GN Resound
•          Amplifon S.p.A
•          Cochlear Ltd
•          Starkey Hearing Technologies, Inc.
•          Widex
•          Sivantos Pte. Ltd.

People are looking for more powerful and efficient devices with advanced functions. With increasing number of people using Bluetooth enabled devices, companies are introducing hearing aids that are compatible with Bluetooth. This is helping users to send audio signal directly to the processor in hearing aid. Moreover, a person can easily attend a phone call and stream audio from various applications.

Hearing aids with pocket-size remote controls have also gained traction allowing a person to adjust the volume. Advanced hearing aids with noise reduction technology is also being focused on. The two most common problems being faced by people with the hearing problem is hearing speech in noisy environment and hearing in wind.

As per the report by Persistence Market Research (PMR), the global hearing aids market is likely to see a sluggish growth during 2017-2024. The global market for hearing aids is estimated to surpass US$ 10,000 Million revenue by 2024 end.