Pediatric Hearing Aids Market Projected for Promising Growth till 2025 - Financial Planning
Persistence Market Research (PMR) has recently published a new research report titled, “Pediatric Hearing Aids Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025).” Hearing aids can help improve the hearing and speech of children with sensorineural hearing loss (hearing loss in the inner ear due to damaged hearing nerve). Sensorineural hearing loss can be caused by noise, injury, infection, certain medications, birth defects, tumors, and problems related to blood circulation. According to the American Academy of Otolaryngology, over 3.0 million American children have hearing loss, and about 1.3 million of them younger than 3 years of age. More children would lose their hearing later in childhood. Moreover, around 90% of deaf children are born to parents with proper hearing ability. The global pediatric hearing aids market is projected to witness a CAGR of 5.3% from 2017 to 2025. Growing disposable income of consumers living in middle-income regions is expected t...