Global Pediatric Hearing Aids Market growing at a CAGR of 6.9% from 2023 to 2030
Category : Medical Devices | Published Date : Sep 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the pediatric hearing aids market is predicted to grow at a compound annual growth rate of 6.9% from 2023 to 2030 and is expected to reach USD 1,521.59 million in 2030 which was valued at USD 895.66 million in 2022.
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.
Global Pediatric Hearing Aids Market By Overview
The pediatric hearing aids market is segmented into type, application, hearing loss, age group, and distribution channel. The type segment is categorized into Over-The-Ear, Behind-The-Ear, Receiver-In-Canal, Custom Hearing Aid, In-The-Ear, In-The-Canal, Completely in Canal, Invisible-In-Canal, and others. In 2022, the Over-The-Ear segment accounted for the highest market share in the overall pediatric hearing aids market. The technology segment is categorized into digital aids and analog aids. In 2022, the digital aids segment accounted for the highest market share in the pediatric hearing aids market. The hearing loss segment is divided into sensorineural hearing loss, conductive hearing loss, and mixed hearing los. In 2022, conductive hearing loss segment accounted for the highest market share in the pediatric hearing aids market. The age group segment is divided into infants, toddlers, preschoolers, school aged children, and adolescents. In 2022, the adolescents segment accounted for the highest market share in the pediatric hearing aids market. The distribution channel is divided into hospitals, audiology, ent clinics, and others. In 2022, the hospital segment accounted for the highest market share in the pediatric hearing aids market.
Get Free SampleMarket Dynamics
Driver:
- Technological advancement in hearing aids accelerates the growth of the market.
- Increasing prevalence of hearing loss in children propels the market growth.
Restraints:
- High cost of hearing aids is posing a major bottleneck for the market growth.
Opportunities:
- Rising awareness about the importance of early intervention for hearing loss is expected to create significant opportunities in the market
Market Segmentation:
| Report Attributes | Report Details |
| 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)}, and Others |
| By Technology | Digital Aids, and Analog Aids |
| By Hearing Loss | Sensorineural Hearing Loss, Conductive Hearing Loss, and Mixed Hearing Loss |
| By Age Group | Infants, Toddlers, Preschoolers, School Aged Children, and Adolescents |
| By Distribution Channel | Hospitals, Audiology, ENT Clinics, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as 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 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.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Oticon
- Phonak
- GN Hearing
- Starkey Laboratories, Inc.
- Unitron
- Widex A/S
- Sonova Holding AG
