The population of hearing disabilities is escalating at an exponential pace around the world. As per the World Health Organization, around 466 million people are suffering from hearing issues, and this number is anticipated to skyrocket 630 million and 900 million by 2030 and 2050 respectively. The risen patient pool for hearing aids around the world is to create lucrative prospects for the operating market players, thus, upgrading their products in regards to technology and improved quality. The market is also welcoming a number of new entries, coming up with innovative solutions over primary concerns like reliability, uncertainty and overall cost, which is considered by every big hearing aid brand.
Below is a comprehensive list of the Hearing Aid Brands in the Global Market:
Widex Hearing Aids
Widex is a family-owned Denmark-based company, originated in 1956. The company is the six most significant manufacturers of hearing aid in the world with presence in over 100 countries. The company owns several subsidiaries in various countries and claims to hold around 10% share of the overall hearing aids market. The company’s latest hearing aids are deployed with the first-ever machine learning feature, innovative fuel cell-powered hearing aid and contain connectivity with the iPhone. It is also now a part of WS Audiology.
Unitron Hearing Aids
Unitron is a hearing aid manufacturer, having headquartered in Waterloo, Canada. The company is a part of the Sonova group and was established in 1964. It is most known amid its customers for its flex trial system that aims to simplify the testing of different levels of technology and even upgrade it if required. The company launched the worlds smallest Wireless RIC device – Moxi Now. Unitron has a presence in more than 70 countries worldwide, and its manufacturing facility is located in Suzhou, China.
Resound Hearing Aids
Resound was initiated in the year 1943 and is a part of GN ReSound Group, which is amongst the biggest suppliers of hearing aids technology in the world. The company is located in Danish and has a presence in over 80 countries. It’s portfolio originated first hearing aid for the iPhone in the market. The latest in the category is the LiNX 3D, and exclusive LiNX Quattro Made For iPhone hearing aids. The company is generating a lot of buzz with the introduction of AI and Siri technology integration.
Phonak Hearing Aids
Founded in 1947, Phonak is a hearing aid manufacturing company, headquartered in Switzerland. It is one of the renowned company across the globe in this segment and well-known for its premium brand and high-quality hearing aids. It was the first company to introduce rechargeable hearing aids in the market called the Marvel, which was made for any phone with cochlear implant division. Phonak is one of the leading company in children hearing aids segment.
Starkey Hearing Aids
Starkey, an American-based hearing aid manufacturer, founded in the year 1967. The company owns a number of brands, including Audibel, Starkey and NuEar. The company is known to originate Canal hearing aids in the market. It also has a foundation that has operations around the world intending the distribution of hearing aids to the needy.
Innovation is the future of the global hearing aids market. Hence, the market is heaving with more comfortable, appealing, less stigmatic and efficient hearing aids, opening a wide variety of products for the consumers to choose as per their customization. Moreover, The development of advanced devices is likely to drive public perception in a positive direction, and the availability of innovative devices with more functions and wireless technology will undoubtedly increase the number of users.