Abstract
The hearing instruments (hearing aids) industry is typically described as a technologically vigorous area. One indication is high R&D intensity. And yet over the past 25 years, the structure of this industry worldwide has remained surprisingly stable. This paper analyzes the industry's technology and structural dynamics in order to shed light on this paradox. It is shown that the industry's market structure and patterns of components supply exert strong influences on the nature of technological development, and that the technology in turn is to a large degree blocking changes in industry structure, especially entry and vertical integration.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
