Hearing loss is a significant health concern that affects millions of Americans. According to the National Institute on Deafness and Other Communication Disorders (NIDCD), approximately 15% of American adults (37.5 million) aged 18 and over report some trouble hearing. The prevalence of hearing loss increases with age, affecting approximately 2% of adults aged 45 to 54, 8.5% of adults aged 55 to 64, 25% of adults aged 65 to 74, and nearly 50% of adults aged 75 and older. Hearing loss can impact an individual’s communication ability, social interaction, and overall health and well-being.
Unfortunately, the high cost of hearing aids, which averages $5,000 a pair, has left many individuals without access to the help they need. In addition, the traditional hearing aid market has been controlled by just four major manufacturers, who account for 84% of the global market. This monopoly has resulted in exorbitant prices that are often beyond the reach of many Americans.
However, InnerScope Hearing Technologies is working to change this narrative. As a trailblazer in the Over-the-Counter Direct-to-Consumer Hearing Technology Market, InnerScope uses an innovative model that moves hearing care out of clinics and into people’s homes. This approach breaks down barriers to access and creates new opportunities for those who need hearing aids.
InnerScope delivers high-quality hearing aids straight to consumers at a fraction of the cost of traditional channels. As a result, InnerScope, with its HearingAssist and iHEAR brands, prices that headband hearing aids, starts at $499 for a complete set of FDA-registered OTC rechargeable hearing aids, significantly lower than the thousands of dollars consumers typically pay. This price includes professional remote programming and support services with one of InnerScope’s Doctor of Audiology and licensed hearing professionals, ensuring users receive the best care and support.
InnerScope delivers its products to consumers through an in-store model, which uses innovative point-of-sale Hearing Screening Kiosks. These are located in large retail and pharmacy chains, making them accessible to consumers nationwide. Through the kiosks, consumers can take a quick and easy hearing screening test and then purchase an over-the-counter hearing aid on the spot.
In addition to the in-store model, InnerScope has launched its hearing aids and related hearing products on several online stores, including FSAStore, HSAStore, and WellDeservedHealth. These online stores make it easy for the 70 million consumers enrolled in flexible spending accounts (FSA), health saving accounts (HSA), and employer health incentive programs to access InnerScope’s products.
One of the critical benefits of InnerScope’s Direct-to-Consumer / Over-the-Counter model is that it removes many of the barriers that typically prevent people from accessing hearing aids. By using Bluetooth-enabled app-controlled hearing aids, users can adjust their hearing aids’ settings to suit their individual needs. This level of customization is not always possible with traditional hearing aids, which are often pre-programmed by doctors or specialists.
Hearing loss is prevalent in the United States, affecting millions of Americans. InnerScope Hearing Technologies is working hard to change the narrative by offering affordable, high-quality hearing aids directly to consumers. InnerScope’s Direct-to-Consumer / Over-the-Counter model removes barriers that traditionally prevent people from accessing hearing aids, such as high costs and needing to visit a doctor or specialist.
InnerScope’s in-store model, which uses innovative point-of-sale Hearing Screening Kiosks, and its presence in various online stores make it easy for consumers to access its products. In addition, InnerScope’s Bluetooth-enabled app-controlled hearing aids give users greater control over their hearing care. InnerScope’s full line of HearingAssist and iHEAR branded Hearing Products is currently available through numerous retail/wholesale distribution channels, representing 15,000+ store locations. With InnerScope’s hearing care methodology, individuals can take control of their hearing care and improve their quality of life. In addition, the company’s commitment to providing affordable and convenient hearing aids instills a sense of empowerment in its consumers.
In summary, InnerScope Hearing Technologies is a trailblazer in the Over-the-Counter Direct-to-Consumer Hearing Technology Market, offering quality hearing aids at a fraction of the cost of traditional channels. The company’s innovative model moves hearing care out of clinics and into people’s homes, providing accessibility to those who need hearing aids. InnerScope’s success is not just in its products and services but in its commitment to empowering individuals to take control of their hearing care and, in turn, their lives. For more information, you may visit their website at www.innd.com.