Current trends, according to Future Industry Insights (FMI), are strongly promoting the expansion of the Bluetooth hearing aids market. According to FMI, the market will grow at an outstanding 8% CAGR between 2020 and 2030. The market is expected to benefit from an increase in sales due to the rising demand for waterproof hearing aids over the projected period.
Hearing aids are in increasing demand due to the increased number of cases of hearing loss. Hearing aids that were wired or traditional often hindered a user’s ability to utilize their smartphones or music players. However, today’s technology is more advanced, allowing users to connect their hearing aids to their electronic devices and stream signals and music to them.
For Bluetooth hearing aids, several of the main businesses are aiming for more advanced design and sturdy technologies. The introduction of artificial intelligence (AI) into the market aligns with their goal of providing people with cutting-edge technology.
A spate of new launches are planned, according to FMI, and this will be one of the market’s primary drivers. FMI investigates several aspects that enable market growth and expansion potential in its study. It assesses the likelihood of innovation and research activities succeeding.