Who are the largest manufacturers of hearing aids in the world?
Traditionally, in Europe and the US, the market has been dominated by the big six, comprising of Siemens, Phonak, Starkey, Resound, Widex and Oticon. However, these brands are now facing stiff competition from established companies based in China. People are looking for cheaper alternatives that challenge the dominance of prominent hearing aid manufacturers. This article will help you navigate the Chinese market and will present you with some of the facts as to why some Chinese manufacturers are legitimate competitors.
There is no denying that in a few short years, China has managed to become the world’s manufacturing superpower. Rising costs and materials in the West have driven radical change, and in this world of increasing connectivity, there are few borders for global supply chains. Major corporations turn to China because of their high quality, low cost and gigantic output.
Almost exclusively, items like clothes, electronics, steel and coal have been exported from China over the past 20 years. However, businesses in Europe and America are now looking for economical alternatives to often extortionately priced medical devices. Chinese manufacturers consistently provide high-quality products which pass all US and EU accreditation, a testament to Chinese manufacturing standards.
Let’s take a look at some of the leading players in China to see what services they offer and the benefits they provide.