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NAICS Code 532283-02 Description (8-Digit)

Hearing Aids-Rental is a subdivision of the Home Health Equipment Rental industry that specializes in providing hearing aids to individuals on a rental basis. This industry involves the rental of hearing aids to individuals who require them for a temporary period of time. The rental period can vary from a few days to several months, depending on the needs of the individual. Hearing Aids-Rental companies typically offer a range of hearing aids to choose from, including behind-the-ear (BTE), in-the-ear (ITE), and completely-in-the-canal (CIC) models.

Hierarchy Navigation for NAICS Code 532283-02

Parent Code (less specific)

Tools

Tools commonly used in the Hearing Aids-Rental industry for day-to-day tasks and operations.

  • Hearing aid cleaning kit
  • Hearing aid batteries
  • Hearing aid dehumidifier
  • Hearing aid drying kit
  • Hearing aid storage case
  • Hearing aid cleaning wipes
  • Hearing aid air blower
  • Hearing aid wax removal tool
  • Hearing aid sound amplifier
  • Hearing aid phone clip

Industry Examples of Hearing Aids-Rental

Common products and services typical of NAICS Code 532283-02, illustrating the main business activities and contributions to the market.

  • Hearing aid rental services
  • Temporary hearing aid providers
  • Hearing aid leasing companies
  • Hearing aid rental for events
  • Hearing aid rental for travel
  • Hearing aid rental for concerts
  • Hearing aid rental for conferences
  • Hearing aid rental for film production
  • Hearing aid rental for theater productions
  • Hearing aid rental for sports events

Certifications, Compliance and Licenses for NAICS Code 532283-02 - Hearing Aids-Rental

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Hearing Aid Dispenser License: A license required by the state to dispense hearing aids. The requirements for this license vary by state. The National Board for Certification in Hearing Instrument Sciences (NBC-HIS) provides a list of state licensing requirements for hearing aid dispensers.
  • International Hearing Society (IHS) Certification: A certification for hearing healthcare professionals that demonstrates their knowledge and skills in the field of hearing healthcare. The certification is offered by the International Hearing Society (IHS).
  • American Board Of Audiology (ABA) Certification: A certification for audiologists that demonstrates their knowledge and skills in the field of audiology. The certification is offered by the American Board of Audiology (ABA).
  • Occupational Safety and Health Administration (OSHA) Compliance: OSHA requires employers to provide a safe and healthy workplace for their employees. Employers must comply with OSHA regulations to ensure the safety of their employees.
  • Health Insurance Portability and Accountability Act (HIPAA) Compliance: HIPAA is a federal law that protects the privacy of individuals' health information. Healthcare providers must comply with HIPAA regulations to ensure the privacy of their patients' health information.

History

A concise historical narrative of NAICS Code 532283-02 covering global milestones and recent developments within the United States.

  • The history of the Hearing Aids-Rental industry dates back to the early 20th century when the first electronic hearing aid was invented in 1901 by Miller Reese Hutchison. The industry saw significant growth during World War II when the military used hearing aids to help soldiers with hearing loss. In the 1950s, the first transistor hearing aid was invented, which made hearing aids smaller and more affordable. In the United States, the industry has seen a shift towards digital hearing aids in recent years, with advancements in technology leading to more sophisticated and effective devices. In 2017, the FDA approved the first hearing aid that can be sold over-the-counter, which is expected to increase accessibility and affordability for consumers.

Future Outlook for Hearing Aids-Rental

The anticipated future trajectory of the NAICS 532283-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Hearing Aids-Rental industry in the USA is positive due to the increasing demand for hearing aids among the aging population. According to the National Institute on Deafness and Other Communication Disorders, approximately 15% of American adults aged 18 and over report some trouble hearing. This number increases to 25% for those aged 65-74 and 50% for those aged 75 and over. As the baby boomer generation continues to age, the demand for hearing aids is expected to increase. Additionally, advancements in technology are expected to drive growth in the industry, with new and improved hearing aids being developed that are more comfortable, discreet, and effective. However, the industry may face challenges from the COVID-19 pandemic, which has caused disruptions in the supply chain and reduced demand for non-essential medical equipment.

Industry Innovations for NAICS Code 532283-02

Recent groundbreaking advancements and milestones in the Hearing Aids-Rental industry, reflecting notable innovations that have reshaped its landscape.

  • Bluetooth-Enabled Hearing Aids: These hearing aids allow users to stream audio directly from their smartphones, TVs, and other devices, improving the overall listening experience.
  • Rechargeable Hearing Aids: Rather than relying on disposable batteries, these hearing aids can be recharged, reducing waste and saving users money in the long run.
  • Artificial Intelligence (AI) Technology: Some hearing aids now use AI to automatically adjust to different listening environments, providing a more personalized experience for users.
  • Tele-Audiology Services: With the COVID-19 pandemic limiting in-person appointments, many hearing aid providers have started offering tele-audiology services, allowing users to receive remote consultations and adjustments.
  • Custom-Fit Hearing Aids: Using 3D printing technology, some hearing aid manufacturers are now able to create custom-fit hearing aids that are more comfortable and effective than traditional models.

NAICS Code 532283-02 - Hearing Aids-Rental

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