The global pediatric hearing aids market was significantly robust in 2020 and is expected to grow at a steady revenue CAGR over the forecast period. The increasing prevalence of hearing loss among children, the need for advanced diagnostics to detect hearing loss, the launch of innovative hearing aids, and the rising disposable income among individuals are the key factors expected to drive the market revenue growth over the forecast period. Pediatric hearing aids are devices that amplify sounds to improve hearing among children with hearing impairment.
Rising inclination towards hearing aids with innovative attributes, increasing purchasing power among individuals, and increasing preference for digital hearing aids are also expected to contribute to revenue growth. However, the lack of knowledge about advanced hearing aids in developing and underdeveloped countries, high costs associated with sophisticated devices, and unfavorable reimbursement scenario in certain regions are expected to restrain market growth.
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Based on type, the global market has been segmented into over-the-ear, custom hearing aid, and others. On-the-ear hearing aid segment is expected to register considerable revenue growth during the forecast period attributable to numerous advantages of on-the-ear aids such as increased comfort, reduction in feedback, and reduced occlusion in the ear canals. On-the-ear hearing aids is further segmented into behind-the-ear (BTE) and receiver-in-canal (RIC). Behind-the-ear hearing aid is the most preferred choice for children owing to its increased ability to accommodate various types of earmolds.
Based on age group, the global market has been segmented into neonatal, toddler, children, and teenagers. Neonatal segment is expected to account for the largest revenue share in the global market attributable to congenital hearing loss being one of the most prevalent chronic conditions among children. Based on hearing loss, the global market has been segmented into conductive, sensorineural, and mixed hearing loss. Conductive hearing loss segment is expected to dominate other segments over the forecast period owing to the rising incidence of conductive loss among children.
North America is expected to register significant revenue growth over the forecast period due to increasing prevalence of hearing impairment among children, rising penetration of technologically advanced hearing aids, and availability of favorable reimbursement policies in the region. The major companies operating in the market are William Demant, Sonova, Sivantos, Starkey Technologies, Widex, and GN Store Nord (ReSound). These companies are focusing on product development, extensive R&D activities, and forming strategic alliances such as joint ventures, partnerships, and mergers and acquisitions to expand their product portfolio to cater to growing global demand.
Market segmentation of pediatric hearing aids market
Type Outlook (Revenue, USD Billion; 2018-2028)
- 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
- Bone-anchored hearing aid (BAHA)
- Cochlear Implant
Age Group Outlook (Revenue, USD Billion; 2018-2028)
- Neonatal
- Toddler
- Children
- Teenagers
Hearing Loss Outlook (Revenue, USD Billion; 2018-2028)
- Conductive
- Sensorineural
- Mixed
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Israel
- South Africa
- Rest of MEA
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