Hearing Aids Market: Industry Expert View on Future Growth and Market Trends
A hearing aid is a small electronic device that makes sounds louder and clear so that a person with hearing loss can listen, communicate, and participate in daily activities. The hearing aid helps in the restoration of hearing among deaf, hard to hear or geriatric population. A hearing aid can be prescribed by a physician after a health examination, or it can be bought over the counter for mild to moderate hearing loss.
Market leaders operating in the hearing aids market have undertaken various organic growth strategies in the hearing aids market. The hearing aids market mainly consists of players. Starkey Laboratories Inc., Audina Hearing Instruments Inc., SeboTek Hearing Systems LLC, Earlens Corp, GN Store Nord AS, Cochlear Ltd, Amplifon Hearing Health Care Corp, WS Audiology AS, Sonova Holding AG, and Sonic Innovations Inc. The companies have been implementing various strategies that have helped the growth of the company and in turn, have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals.
Below is the list of organic growth strategies done by the players operating in the hearing aids market:
August-2023: Cochlear Limited, introduced its next-generation Cochlear Osia System with the ability to have an MRI at 3.0 T, designed to improve hearing outcomes for people with conductive hearing loss, mixed hearing loss and single-sided sensorineural deafness (SSD).
August-2023: WSA launched its Rexton BiCore platform. Rexton BiCore gives a smooth all-round hearing experience with an ultra-quick binaural link and embedded Speech Preservation Technology.
February-2023: Starkey launched its new hearing aid device, Genesis AI. Genesis AI has a new processor, industrial design, and Neuro Sound Technology. Genesis AI comes with Pro8 hydrashield technology, making it sweat, dirt, and dunk resistant.
November-2022: Cochlear Limited, received US Food and Drug Administration (FDA) approval for the Cochlear Nucleus 8 Sound Processor. The Nucleus 8 Sound Processor features Cochlear’s latest and most innovative hearing technology to sense changes in a person’s environment and automatically adjust their listening settings.
September-2022: Earlens Corporation, shared the FDA's historical ruling on OTC Hearing Aids. The company provides a custom-built lens, which delivers 2.5 times more audible bandwidth than a traditional hearing aid, resulting in significantly better speech understanding in noise and improved clarity.
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
Market leaders operating in the hearing aids market have undertaken various organic growth strategies in the hearing aids market. The hearing aids market mainly consists of players. Starkey Laboratories Inc., Audina Hearing Instruments Inc., SeboTek Hearing Systems LLC, Earlens Corp, GN Store Nord AS, Cochlear Ltd, Amplifon Hearing Health Care Corp, WS Audiology AS, Sonova Holding AG, and Sonic Innovations Inc. The companies have been implementing various strategies that have helped the growth of the company and in turn, have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals.
Below is the list of organic growth strategies done by the players operating in the hearing aids market:
August-2023: Cochlear Limited, introduced its next-generation Cochlear Osia System with the ability to have an MRI at 3.0 T, designed to improve hearing outcomes for people with conductive hearing loss, mixed hearing loss and single-sided sensorineural deafness (SSD).
August-2023: WSA launched its Rexton BiCore platform. Rexton BiCore gives a smooth all-round hearing experience with an ultra-quick binaural link and embedded Speech Preservation Technology.
February-2023: Starkey launched its new hearing aid device, Genesis AI. Genesis AI has a new processor, industrial design, and Neuro Sound Technology. Genesis AI comes with Pro8 hydrashield technology, making it sweat, dirt, and dunk resistant.
November-2022: Cochlear Limited, received US Food and Drug Administration (FDA) approval for the Cochlear Nucleus 8 Sound Processor. The Nucleus 8 Sound Processor features Cochlear’s latest and most innovative hearing technology to sense changes in a person’s environment and automatically adjust their listening settings.
September-2022: Earlens Corporation, shared the FDA's historical ruling on OTC Hearing Aids. The company provides a custom-built lens, which delivers 2.5 times more audible bandwidth than a traditional hearing aid, resulting in significantly better speech understanding in noise and improved clarity.
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
Comments
Post a Comment