Top 3 Trends Impacting the Global Ear-Based Hearing Aids Market Through 2021: Technavio

Technavio has announced the release of their 'Global Ear-Based Hearing Aids Market 2017-2021' report. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest market research report on the global ear-based hearing aids market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Srinivas Sashidhar, a lead analyst from Technavio, specializing in research on medical devices, says, “The highest contributor in the ear-based hearing aids market are behind-the-ear hearing aids. However, it is expected that in-the-ear hearing aids will gain popularity during the forecast period.”

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The top three emerging market trends driving the global ear-based hearing aids market according to Technavio heavy industry research analysts are:

  • IT application-enabled devices are the next big trend
  • 3D printing technology aid in the customization of new devices
  • Launch of next-generation hearing aid devices

IT application-enabled devices are the next big trend

With the advancement in technology, the niche market of ear-based hearing aids devices has seen a technological transformation. The latest technological advancements in the product line are likely to improve the quality of living for the people with hearing loss problems.

The technology update would help in improving the quality of life and communication in patients. These ear-based hearing aid devices are developed and modified to keep the patients in sync with the latest IT-powered world.

3D printing technology aid in the customization of new devices

3D printing technology is one of the oldest technologies being used in the medical sector. This technology helped in easing the manufacturing process of ear-based hearing aid devices. The audiologist scans the ear with the help of a 3D scanner, creating an ear impression with the use of lasers. This process helps the customization of shells. In the early 2000s, Sonova was the first company to use 3D technology to produce hearing aid devices. About 98% of the hearing aid devices are manufactured using Stereo Lithography Printers or SLAs, a type of 3D printer.

“WIDEX is one of the hearing aid companies that excels in 3D printed ear-based hearing aids. The procedure involves constructing a three-dimensional image of a patient’s ear canal before the patient is provided a device,” says Srinivas.

Launch of next-generation hearing aid devices

Lithium-ion chargeable hearing aid devices are the fastest growing and most promising battery technology offering 40% enhanced power as compared to conventional rechargeable batteries. The next generation hearing aid devices are being launched in the market eliminating the conventional hearing aid devices. Lithium-ion batteries are expected to last throughout the lifetime of a hearing aid, even after repeated charging.

In 2016, Phonak, a global brand manufacturer of hearing instruments and wireless communication solutions, announced the launch of next generation hearing aid product platform Belong, which includes lithium-ion rechargeable battery technology in hearing aids.

Similarly, in November 2016, WIDEX launched a new hearing aid called Beyond. This receiver-in-the-ear (RITE) style ear-based hearing aid is expected to provide the outstanding ability for hearing conversations in difficult listening environments such as parties and restaurants. The device is compatible with iPhone hearing aid and connect wirelessly to any Apple product for direct streaming of phone calls and entertainment.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com