New York, Sept. 22, 2023 (GLOBE NEWSWIRE) -- The global Pediatric Hearing Aids Market is expected to witness significant growth at a remarkable CAGR of 6.9% during the forecast period of 2023-2030. Factors such as the technological advancement in pediatric hearing, increasing prevalence of hearing loss in children, growing focus on early intervention and diagnosis, and others are accelerating the demand for pediatric hearing aids. which, in turn, is benefiting the market growth. In addition, the rising development of a new range of pediatric hearing aids product categories, advanced technologies will further boost the market growth during the forecast period.
Get Sample Report@ https://www.consegicbusinessintelligence.com/request-sample/1278
According to a recent report by Consegic Business Intelligence, the pediatric hearing aids market is poised for strong expansion and is expected to reach USD 1,521.59 Million by 2030. The market, which was valued at USD 895.66 Million in 2022, is predicted to grow at a compound annual growth rate of 6.9% during the period 2023-2030. The report highlights the increasing adoption of pediatric hearing aids for the treatment of hearing loss in children, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the pediatric hearing loss market.
Pediatric hearing aids are specialized devices designed to amplify sounds and improve hearing for children with hearing loss. These devices are specifically tailored to meet the needs and preferences of children, taking into consideration factors, such as their age, degree of hearing loss, developmental stage, and comfort. Pediatric hearing device comes in various styles and designs including, behind-the-ear (BTE), receiver-in-canal (RIC), in-the-canal (ITC), in-the-ear (ITE), completely in canal (CIC), invisible-in-canal (IIC) and among others. They are equipped with advanced technology such as digital signal technology, noise reduction, feedback cancellation, and wireless connectivity.
Global Pediatric Hearing Aids Market: Report Attributes
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | USD 1,521.59 Million |
| CAGR (2023-2030) | 6.9% |
| By Type | Over-The-Ear {Behind-The-Ear (BTE), Receiver-In-Canal (RIC)}, Custom Hearing Aid {In-The-Ear (ITE), In-The-Canal (ITC), Completely in Canal (CIC), Invisible-In-Canal (IIC)}, Others |
| By Technology | Digital Aids, Analog Aids |
| By Hearing Loss | Sensorineural Hearing Loss, Conductive Hearing Loss, Mixed Hearing Loss |
| By Age Group | Infants, Toddlers, Preschoolers, School Aged Children, Adolescents |
| By Distribution Channel | Hospitals, Audiology and ENT Clinics, Others |
| Report Coverage | Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more. |
| By Region | North America, Asia-Pacific, Latin America, Europe, Middle East & Africa |
| Key Players | Oticon, Phonak, GN Hearing, Starkey Laboratories, Inc., Unitron, Widex A/S, Sonova Holding AG |
Immediate Delivery Available, Buy Now @ https://www.consegicbusinessintelligence.com/secure-checkout/1278
Global Pediatric Hearing Aids Market Segmentation Details:
Based On Type, the Over-The-Ear segment accounted for the highest market share in the overall pediatric hearing aids market. Over-The-Ear is further divided into Behind-The-Ear, Receiver-In-Canal. Behind-The-Ear aids offer the most powerful sound amplification, making them suitable for all levels of hearing loss- particularly with profound or high frequency hearing loss.
Based on Technology, the digital aids segment accounted for the highest market share in the pediatric hearing aids market. Digital aids use digital signal processing (DSP) technology which provides enhanced speech signals, due to which children can hear more clearly. Furthermore, the adoption of digital aids over analog aids has increased due to their benefits such as improved sound quality, reduced feedback, and directional microphones, which in turn increase the growth of the market.
Based on Hearing Loss, the conductive hearing loss segment accounted for the highest market share in the pediatric hearing aids market. Conductive hearing loss is the most common in young children and infants.
Based on Age Group, the adolescent segment accounted for the highest market share in the pediatric hearing aids market. Adolescent children continue to lose hearing from multiple etiologies as they age, such as temporal bone fractures, ototoxic exposures, and delayed onset of genetic hearing loss.
Get Sample Report@ https://www.consegicbusinessintelligence.com/request-sample/1278
Based on Distribution Channel, the hospital segment accounted for the highest market share of 42.55% in the pediatric hearing aids market. Major factors attributed to the growth such as favorable health reimbursement for hearing implantation surgeries and increasing numbers of cases of hearing loss during birth in the hospitals.
Competitive Landscape
Oticon, Phonak, GN Hearing, Starkey Laboratories, Inc., Unitron, Widex A/S, and Sonova Holding AG are major market players that comprise the latest market circumstances. These companies are substantially leveraging their technologies for the development of a new range of pediatric hearing aids. Further, the pediatric hearing aids market is expected to grow steadily due to rising demand for technology to help with communication, such as hearing aids and cochlear implants in children, especially in regions such as Asia Pacific, North America, and Europe regions are estimated to boost the market statistics in the coming years. Additionally, the trend toward increasing the development of new products will boost the demand for pediatric hearing aids in the upcoming years, thereby anticipating increasing competition in the market.
Recent Developments
- In February 2022, Oticon announced that it is introducing the award-winning hearing technologies of Oticon More into pediatric hearing aids. The new Oticon Play PX family is the world’s first hearing aids for children with an on-board Deep Neural Network (DNN).
- In August 2022, GN Hearing announced the launch of ReSound OMNIA – a new hearing aid platform that will set a new standard in hearing technology.
Key Market Takeaways
- North America accounted for the highest market share at 38.55% was valued at USD 345.28 million in 2022 and is expected to reach USD 589.92 million in 2030. Moreover, in North America, the U.S. accounted for the highest market share of 66.05% during the base year of 2022.
- Based on type, the Over-The-Ear segment accounted for the highest share contribution to the pediatric hearing aids market statistics in 2022.
- In the context of technology, the digital Aids segment is expected to contribute significant shares to the growth of pediatric hearing aids market statistics during the forecast period.
- By hearing loss, the conductive hearing loss segment is anticipated to contribute the largest shares to the market growth in 2022.
- By age group, the adolescents segment accounted for the highest share contribution to the pediatric hearing aids market statistics in 2022.
- By distribution channel, the hospital segment accounted for the highest share contribution to the pediatric hearing aids market in 2022.
- Asia Pacific is expected to boost the market demand for pediatric hearing aids with the highest CAGR due to the increasing investments in new technology and government initiatives in countries such as India, China, and others.
Browse Full Report & TOC @ https://www.consegicbusinessintelligence.com/pediatric-hearing-aids-market
List of Major Global Pediatric Hearing Aids Market:
- Oticon
- Phonak
- GN Hearing
- Starkey Laboratories, Inc.
- Unitron
- Widex A/S
- Sonova Holding AG
Global Pediatric Hearing Aids Market Segmentation:
- By Type
- Over-the-Ear
- Behind-the-Ear (BTE)
- Receiver-in-Canal (RIC)
- Custom Hearing Aid
- In-the-ear (ITE)
- In-the-canal (ITC)
- Completely in Canal (CIC)
- Invisible-in-canal (IIC)
- Other
- Over-the-Ear
- By Technology
- Digital aids
- Analog aids
- By Hearing Loss
- Sensorineural Hearing loss
- Conductive Hearing loss
- Mixed Hearing loss
- By Age Group
- Infants
- Toddlers
- Preschoolers
- School aged children
- Adolescents
- By Distribution Channel
- Hospitals
- Audiology and ENT clinics
- Others
Request for Customization @ https://www.consegicbusinessintelligence.com/request-customization/1278
Frequently Asked Questions in The Pediatric Hearing Aids Market Report
- What was the market size of the pediatric hearing aids industry in 2022?
- In 2022, the market size of pediatric hearing aids was USD 895.66 million
- What will be the potential market valuation for the pediatric hearing aids industry by 2030?
- In 2030, the market size of pediatric hearing aids will be expected to reach USD 1,521.59 million.
- What are the key factors driving the growth of the pediatric hearing aids market?
- Technological advancement in hearing aids and the increasing prevalence of hearing aids in children are driving the global pediatric hearing aids market growth.
- What is the dominating segment in the pediatric hearing aids market by distribution channel?
- In 2022, the hospital segment accounted for the highest market share of 42.55% in the overall pediatric hearing aids market.
- Based on current market trends and future predictions, which geographical region is the dominating region in the pediatric hearing aids market?
- North America accounted for the highest market share in the overall pediatric hearing aids market.
Our Other Research Reports here: -
Prepaid Card Market Size, Share, Growth, Trends | Analysis Forecast 2023 - 2030
Laser Displacement Sensors Market Size, Share, Growth, Trends | Analysis Forecast 2023 - 2030
Explosive Detector Market Size, Share, Growth, Trends | Analysis Forecast 2023 - 2030
Transit Cards Market Size, Share, Growth, Trends | Analysis Forecast 2023 - 2030
Battery Racks Market Size, Share, Growth, Trends | Analysis Forecast 2023 - 2030
About Consegic Business Intelligence Pvt Ltd.
Consegic Business Intelligence Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.
Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.
Press Releases:- https://www.consegicbusinessintelligence.com/press-release/pediatric-hearing-aids-market
Contact:
Consegic Business intelligence Pvt Ltd.
Contact no.: (US) (505) 715-4344
Email: sales@consegicbusinessintelligence.com
