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Bluetooth Hearing Aids Market 2021 Growth Statistics, Industry Share, Latest Trends, Comprehensive Overview, Business Development Plans, Cost Analysis, Revenue, Growth Drivers, Size Estimate and Forecast till 2027

Global Bluetooth Hearing Aids Market is valued approximately USD 1.9 billion in 2019

The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

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Bluetooth hearing aids provide the communication link between the wireless technology in the hearing aids and Bluetooth enabled devices such as smartphones, Smart TVs and more. Despite the continued availability of their traditional predecessors, Bluetooth hearing devices are gaining traction because of their advanced features. These involve multiple device connectivity, water resistance, smaller size and enhanced sound clarity. Thus, the increasing advancements in the Bluetooth hearing aids technology drives the market growth. Further, the advent of smart ready and Bluetooth 5.0 improves the performance of devices owing to lower energy consumption and hinderance free audio escalating the market growth. As in September 2020, Bluettoh SIG, the standard group that monitor development of Bluetooth standards announced an new codec “LC3 codec” to make wireless audio much better.

Further, increasing incidences of hearing loss across the globe fuel the demand for Hearing aids driving the market growth. As per National Institute on Deafness and Other Communication Disorders (NIDCD) one in eight people in the United States aged 12 years and above has hearing loss as per standard hearing examinations. The incidence of hearing impairment in the U.S. is clearly indicative of prospects for hearing aids sales in the country. However, high bustling and augmentation sound of devices impedes the growth of the market over the forecast period of 2020-2027. Although, integration of Artificial intelligence empowers the hearing aid technology presents a lucrative opportunity for the market. As in February 2020, Starkey Laboratories Inc. launched a product named Livio Al which is a behind-the-ear hearing aid integrated with artificial intelligence for better sound quality.

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The regional analysis of global Bluetooth Hearing Aids market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the early adoption of technology and well established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing hearing loss incidences would create lucrative growth prospects for the Bluetooth Hearing Aids market across Asia-Pacific region.

Major market player included in this report are:
Sonova Holding AG
Eartone Hearing Aid
Siemens Healthcare
Miracle Hearing Aid
Starkey Laboratories Inc.
GN ReSound
Union Hearing Aid.
Shenzhen Sunsky Technology

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By 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)
By Application:
Clinic/ Medical Centers
By End-User:

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By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

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What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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Updated : 2022-05-18 12:26 GMT+08:00