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Global Pediatric Hearing Aids Market Poised to Grow at a CAGR of 5.3% During 2017-2025

Press release Description

Albany, New York, May 22, 2018: A new research study titled “Global Market Study on Pediatric Hearing AidsAsia Pacific to Reflect Higher Adoption of Pediatric Hearing Aids in the Years to Follow” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global pediatric hearing aids market is likely to grow at 5.3% CAGR through 2025.

According to the research study, increasing awareness on the importance of diagnosing hearing problems in infants is a key factor driving the growth of the pediatric hearing aids market. Many developing countries now have standard hearing tests, within few days of birth. The focus on early diagnosis and treatment has provided a fillip to the growth of the market.

The research study opines that countries in North America and Europe have prioritized pediatric hearing tests, and the market in these regions has traditionally remained quite strong. However, low birth rates have meant that there are limited opportunities for players in the market. In contrast, many developing countries have high birth rates, and the market is yet to saturate in these countries. These factors have led pediatric hearing aids manufacturers to boost their presence in these regions.

According to the report, over the ear products are likely to witness steady growth over the forecast period, as they are witnessing steady adoption among end users. The other types of hearing aids products such as behind the ear, and receiver in the canal are also likely to witness steady traction during the assessment period.

The research study also profiles the key strategies of leading players in the pediatric hearing aids market. According to the report, key players in the pediatric hearing aids market are focusing on developing innovative and novel solutions to offer maximum hearing ability to children. The market remains thinly fragmented, as the top six players account for the bulk of revenue share of the market. According to the research study, the top six players in the pediatric hearing aids market include Sonova, Starkey Technologies, William Demant, GN Store Nord, Widex, and Sivantos.

In a bid to offer readers in-depth insights and analysis, the research study offers segmentation on the basis of age group, hearing loss, and end user. By age group, the key segments include neonatal, toddler, children, and teenagers. On the basis of hearing loss, the key segments include conductive, sensorineural, and mixed hearing loss. The key end-use segments profiled in the report include hospitals, online stores, private clinics, and retail drug stores,

Browse Full Global Pediatric Hearing Aids Market Report with TOC :

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