Wireless Smart Hearing Aids Growing in Popularity
February 2020.
Analysis on the Hearing Aids Market, Worldwide, shows that the Global Hearing Aids Market is expected to grow over 4% during the period 2018-2024.
This is partially due to the growing popularity of hearing aids that make use of wireless technology and smart hearing aids, which have been gaining prominence in the global hearing aids market. Manufacturers are coming up with a variety of new designs of wireless hearing aids, which are embedded with Bluetooth, electromagnetic compatibility (telecoil), and frequency modulation (FM) compatibility.
Smart hearing aids are emerging as a popular and effective treatment option for people with any degree of hearing loss, thereby contributing to a significant growth in the hearing aids market. The increased availability and wide variety of wireless/smart hearing aids has boosted the forecast for the coming years.
The industry has also seen a variety of mergers and acquisitions so that hearing aids manufacturers can enhance their existing product portfolio, enter untapped markets, and increase their overall customer base. Global players in the industry are buying up key competitors to further strengthen their market position in the highly competitive global market.
This competitive market is resulting in both more variety for consumers, and a buyer's market when it comes to lower prices. The broader and ever expanding range of hearing aid models available to consumers means they are increasingly spoiled for choice. Gimmicky hearings aids like Modular Hearing Aids for example certainly give more choice, but smart consumers need to weigh their needs and their wants first before picking the more gimmicky options that are now available.
A wise shopper gets what they need and doesn't just buy the the first gimmicky thing they see.
The rise of wireless smart hearing aids therefore makes a lot of sense. Consumers need more variety of options to support when they are listening to conversations, when they are driving, when they are cycling, when they are listening to the radio or watching television, or even just birdwatching and listening for birdsong. Hearing aids that are designed to work properly during the wide range of sound conditions, and adjust automatically to the conditions, requires smart technology, and the ability to control that technology via a wireless connection to a smartphone has never been easier. That is no gimmick. That is a better listening experience for the users.
It is therefore no surprise that is driving a spike in sales for smarter technology.
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