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Report Predicts Growth for Hearing Aids Market

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hearing aid

By Modupe Gbadeyanka

The rising incidence rate of hearing disorders among the geriatric population has resulted in growing sales of efficient hearing devices.

The hearing disabilities among war veterans as well as new-born infants are one of the biggest concerns in the global healthcare sector. The need for enhanced hearing aids is gaining importance as any untreated hearing loss among infants can lead to impairment in the speaking, the academic and the psychological abilities of the suffering children.

Moreover, the global geriatric population is highly susceptible to developing hearing damage, which can adversely affect their personal relationships as well as their social life. As a result, the global market for hearing aids is expected to register a considerable rise, and the demand for hearing aids is likely to increase among several households during the forecast period (2016-2026).

Global Hearing Aids Market: Dynamics

FMI’s report on the global hearing aids market consists of research that identifies the key factors that will shape up the dynamics of the market during the forecast period. Besides the obvious factor of rising incidences, the growth of the global hearing aids market is also influenced by factors such as,

Rising noise pollutions levels

The increasing noise pollution throughout the world has had a significant impact on the hearing of adults. Noise emission in heavy-duty industries, as well as public carnivals, is expected to damage the hearing capacity of adults, thereby resulting into an increase in demand for hearing aids.

High decibel exposure

Common practice of exposing the eardrum with loud music played through headphones or earphones is a very common factor causing hearing problems among the young demographic. Furthermore, people working in high-decibel environments such as airports or ordnance factories are expected to suffer from hearing loss due to overexposure. The demand for hearing aids is also higher among construction worker, owing to the loud drilling and dismantling work.

Digital enhancement of hearing aids

The most recent factor stimulating the growth of enhanced hearing aids is the addition of Bluetooth, headphone, noise cancellation and other digital functions in the existing hearing devices. Such technological advancements have supplemented the demand for expensive hearing aids with additional features.

On the other hand, the factors that restrain the overall growth of the global hearing aids market include,

Product deficits

The low battery life of hearing aids is one of the biggest limitation to the demand of existing products. The consumer is left helpless and deaf, after the battery of the aid runs out.

Poor diagnosis methods

Lack of proper diagnosis of hearing disorders will result in lower adoption of hearing aids as consumer patients will continue to adjust to the hearing impairment.

Uncomfortable buzzing and amplification

The evident buzzing and feedback sounds emitting from the hearing devices have proved to displease the users, especially the elderlies. As a result, it has distracted the thought processes of old people while having conversations with their family and friends.

Market Segmentation

The global market for hearing aids is broadly segmented on the basis of the type of products, which include,

    In the ear hearing aids (ITE)

    In the canal (ITC)

    Completely in the canal (CIC)

    Behind the ear (BTE)

    Receiver in canal (RIC)

Global Hearing Aids Market: Regional Outline

Among the regional classification of the global hearing aids market, North America and Europe are expected to be amid the foremost lucrative regions in the global market. The rising number of hearing loss incidences in the US and Canada is expected to drive the market growth in North America, while the presence of several leading hearing device manufacturers is anticipated to fuel the hearing aid businesses across Europe. Meanwhile, the high noise pollution levels in Asia Pacific (APAC) countries such as India, China and Japan is also expected to impact the hearing aids market in the APAC region.

Global Hearing Aids Market: Key Players

The leading manufacturers of the global hearing aids market are focussed on market consolidation and expansion of their product portfolio. ReSound, Widex, Oticon, Siemens AG, Starkey Hearing Technologies Inc., and Phonak Hearing Systems, are among the leading manufacturers of the global market that are based in European countries, and account for a majority of the global production of hearing aids. Zounds Hearing, Inc. (U.S.), SeboTek Hearing Systems, LLC (U.S.), Sivantos Pte. Ltd. (Singapore), GN Store Nord A/S (Denmark), Cochlear Limited (Australia), Sonova (Switzerland), MED-EL (Austria), and William Demant Holding A/S (Denmark), among others, are also recognised as the key players in the global hearing aids market.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Health

NHIA Says 22 million Nigerians Now Have Health Insurance Coverage

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National Health Insurance Authority NHIA Health Insurance Coverage

By Adedapo Adesanya

The National Health Insurance Authority (NHIA) says the number of Nigerians enrolled in health insurance has risen to more than 22 million.

The Director-General of NHIA, Mr Kelechi Ohiri, said this resulted from the implementation of the mandatory health insurance, which has gained momentum nationwide.

He said this on Wednesday at the Annual General Meeting of the Nigerian Association of Insurance and Pension Editors (NAIPE) in Lagos.

Mr Ohiri said enrolment had increased to 22.03 million, representing a 35 per cent year-on-year growth, attributing this to stronger collaboration with state social health insurance agencies, ministries, departments and agencies, organised labour, employers, the private sector, and the gradual implementation of the mandatory health insurance provisions of the NHIA Act.

He said that the country had moved beyond policy formulation to delivering measurable improvements in healthcare access, service quality and consumer protection in line with the federal government’s health sector reform agenda.

According to him, Nigeria already has the necessary policies and legislation to achieve Universal Health Coverage, positing that the key challenge was effective implementation.

“The decisive variable is now implementation- consistent, rigorous and accountable execution that converts political commitment into healthcare access for real Nigerians,” he said.

Mr Ohiri said that the transition from the former National Health Insurance Scheme to the NHIA had strengthened regulation, consumer protection, accountability and strategic purchasing, while providing the legal and operational framework for achieving Universal Health Coverage.

He added that improving the experience of enrollees remained central to the Authority’s reform agenda.

According to him, NHIA has strengthened its complaints management system, introduced faster resolution timelines, and intensified compliance monitoring of Health Maintenance Organisations (HMOs) and healthcare providers.

He further added that NHIA had sanctioned facilities that failed to meet the required standards, adding that his organisation had resolved 3,878 complaints, representing an 87 per cent resolution rate, while 95 per cent of the cases were concluded within prescribed timelines.

Mr Ohiri noted that more than N14.2 million had been refunded to enrollees, while non-compliant healthcare facilities had been sanctioned.

He said NHIA had also introduced service standards, including a one-hour treatment commencement target for enrollees requiring urgent care, to improve access to timely and quality healthcare services.

The NHIA boss further disclosed that capitation payments to healthcare providers had been increased by 93 per cent.

He said fee-for-service reimbursements rose by 378 per cent to enable providers to invest more in personnel, equipment and infrastructure.

According to him, 7,592 healthcare facilities have been assessed under the SafeCare quality framework as part of efforts to institutionalise continuous quality improvement across the country.

Mr Ohiri also highlighted interventions targeted at vulnerable groups, including support for more than 48,500 pregnant women, expanded maternal and newborn healthcare services, the Vulnerable Group Fund, and improved access to healthcare for pensioners and retirees.

He said Universal Health Coverage could only be achieved if every Nigerian, regardless of income or location, had access to quality healthcare services.

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Health

SUNU Health Backs NHIA’s One-Hour Authorisation Policy

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One-Hour Authorisation Policy

By Modupe Gbadeyanka

The new one-hour authorisation response time ultimatum policy introduced by the National Health Insurance Authority (NHIA) has received the full backing of SUNU Health Nigeria Limited.

This policy was introduced by the agency to ensure enrollees get prompt approval codes to access care.

Healthcare service providers have been urged to report any Health Maintenance Organisation (HMO) that violates this initiative through an email, with the HMO in copy and a timestamp attached as evidence of the request. They may proceed to offer services to enrollees thereafter.

Speaking at the company’s second-quarter Providers’ Forum for the Lagos-Ogun region in Lagos recently, the chief executive of SUNU Health, Dr Moyosore Olomola, expressed optimism that this policy would improve healthcare delivery in the country, especially for enrollees, who crave quality service.

At the event themed Improving Quality and Access to Care Through Stronger Provider Network, and held at the Nigerian Institute of Medical Research (NIMR) in Yaba, Lagos, Mr Olomola reaffirmed the HMO’s commitment to operating within legal and operational frameworks to guarantee adequate care for enrollees.

“Access to care and quality of care remain key priorities in our healthcare systems. We know quite well that deliberate collaboration, strategic partnerships, and a shared commitment to excellence are required to achieve these priorities.

“A strong provider network is doubtless the backbone of any effective healthcare system. It ensures that our mutual enrollees receive the right care, at the right time, in the right place, and at the right price,” Mr Olomola, represented at the programme by the organisation’s Chief Operating Officer (COO), Dr Faith Nwachi, stated.

He further assured that SUNU Health would strictly adhere to the one-hour authorisation limit, stressing that this aligns seamlessly with one of the organisation’s core values—promptness and its corporate slogan, Humanity is the centre of our initiatives.

In a bid to further improve access and quality of care, SUNU Health also demonstrated its new operational software and Mobile app, aptly named SUNU Legacy.

Also speaking at the event, the NHIA Lagos State Coordinator (Ikeja), Dr Bethuel-Kasimu Abraham, noted that the forum’s expected outcome is to significantly reduce delays in accessing medical care.

Other key expectations include ensuring continuity of care, improving patient outcomes, and strengthening accountability among HMOs.

Addressing specific pain points faced by enrollees, the NHIA Ogun State Coordinator, Mr Dare Adefeso, acknowledged that the agency had received complaints regarding out-of-stock drugs and the discrimination of enrollees by certain providers.

He affirmed that the NHIA is actively addressing these issues, stressing that moving forward, every facility must ensure enrollees are properly catered to regardless of their status, provided they have an active health insurance plan.

Corroborating the long-standing legacy of SUNU Health, the Ogun State Director of the National Orientation Agency (NOA), Mrs Aishat Tiamiyu, shared that her agency is responsible for public information dissemination and has been enrolled with SUNU Health for over 25 years.

Commending the HMO’s stellar service over two decades, she called for the immediate enrollment of new NOA staff into the scheme.

The Providers’ Forum remains one of the strategic channels employed by SUNU Health to consistently engage healthcare providers, understand their operational challenges, introduce new software updates, and solidify partnerships aimed at fostering premium healthcare delivery across Nigeria.

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Health

NAFDAC Announces Recall of WAP Sensual Enhancement Capsules

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WAP Sensual Enhancement Capsules

By Aduragbemi Omiyale

The National Agency for Food and Drug Administration and Control (NAFDAC) has announced the recall of a sexual enhancement product known as WAP Sensual Enhancement Capsules.

In a statement on Monday, the Nigerian agency disclosed that the recall is due to “undeclared pharmaceutical ingredients” in the product, whose country of origin is unknown, but is marketed and distributed online in the US through eBay.

It was emphasised that the recall is being “voluntarily” made by the manufacturer, Best Supplements Best Prices Company.

The detection of the undeclared pharmaceutical ingredients was made by the US Food and Drug Administration (FDA).

Laboratory analysis by the US FDA revealed that the product contained undeclared sildenafil, tadalafil, and flibanserin, which were not mentioned on the product label. Such substances may include phosphodiesterase type-5 (PDE-5) inhibitors or related compounds commonly used for the treatment of erectile dysfunction, the statement by NAFDAC stated.

Sildenafil and tadalafil are ingredients in FDA-approved prescription drugs used to treat erectile dysfunction.

It was noted that these undeclared ingredients may interact with nitrates found in some prescription drugs, such as nitroglycerin, and may lower blood pressure to dangerous levels. Consumers with diabetes, high blood pressure, high cholesterol, or heart disease often take nitrates.

Flibanserin is the active ingredient in an FDA-approved prescription drug used to treat low sexual desire in women. Flibanserin can cause drowsiness, sedation, dangerously low blood pressure, and fainting, especially when combined with alcohol.

Consumers have been encouraged to report compromised products (medicines or medical devices) to the nearest NAFDAC office, call 0800-162-3322, or send an email to sf******@********ov.ng.

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