What is Pediatric Hearing Aids Market?
Hearing aids are electronic or battery-operated devices that can help improve hearing and speech. Pediatric hearing aids are devices designed for children. These devices amplify the sound for the wearer with the aim of making a speech more intelligible and to correct impaired hearing as measured by audiometry. There are numerous types of hearing aids recommended for children depend on several factors including physical limitations, medical condition and personal preference. These aids involve in-the-ear (ITE) hearing aids, behind-the-ear (BTE) hearing aids, canal aids and body aids.
The market study is being classified by Type (Behind-the-ear (BTE) Hearing Aids, In-the-ear (ITE) Hearing Aids, Canal Aids, Body Aids and Others), by Application (0-3 Years Old, 3-6 Years Old and Above 6 Years Old) and major geographies with country level break-up.
Sonova (Switzerland), William Demant (Denmark), GN Store Nord (Denmark), Cochlear (Australia), Starkey (United States), Widex (Denmark), MED-EL (Austria), SeboTek Hearing Systems (United States), Audina Hearing Instruments (United States) and RION (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Horentek (Italy), Microson (Spain) and Arphi Electronics (India).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Pediatric Hearing Aids market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Pediatric Hearing Aids market by Type, Application and Region.
On the basis of geography, the market of Pediatric Hearing Aids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Prevalence of Hearing Loss In Children
- Increasing Number of Hospitals and Clinics
- Technological Advancements in Hearing Aids
- Robust Increase in the Distribution Channels
- High Cost of the Hearing Aids
- Fluctuations in the Raw Material Prices
- Growth in the Healthcare Industry
- Increasing Number of Online Customers
- Stringent Government Rules and Regulations
- Increasing Competition in the Market
In March 2020, Cochlear Limited, the global leader in implantable hearing solutions, obtained U.S. Food and Drug Administration (FDA) approval to lower the age of cochlear implantation from 12 months to 9 months for children with bilateral, profound sensorineural hearing loss. This approval ensures children born deaf have earlier access to a cochlear implant which can provide them with the hearing capabilities to develop speech and language at a trajectory similar to their hearing peers.
Key Target AudiencePediatric Hearing Aids Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
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