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OTC Hearing Aid Market to Hit $1.16 Billion by 2030

The U.S. OTC hearing aid market is fueled by increasing demand for affordable, accessible, and technologically advanced devices.

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Eargo, DOJ Reach Settlement on Reimbursement Investigation

In line with the Company’s priority to regain insurance coverage of Eargo for government employees under the FEHB program, the Company is focused on enhancing its compliance and risk management processes with respect to its operations in the healthcare industry and hiring additional qualified personnel and specialized consulting resources before submitting any further claims.

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“OTC Hearing Aids” Focus of New Sycle Thought Leadership Series Webinar

Sycle hosted the webinar, "Over the Counter (OTC) Hearing Aids: Their Impact on the Marketplace,” featuring Kyle Acker (RiseENT), Matt Dearing (My Hearing Centers), Bill Brownie (Eargo), Karl Strom (Hearing Review), and moderated by Sean Shoffstall (Sycle). The webinar is now available for viewing on-demand.

Ally Lending Partners with Eargo

by Stefani Kim | Jan 26, 2021 | Financial Services, Growth Strategies | 0

Ally’s alignment with Eargo builds upon the company’s legacy and expanding footprint in business-to-business-to-consumer lending.

Eargo Wins Comparably Award for ‘Best Company Culture’

by Stefani Kim | Dec 29, 2020 | Events | 1

Eargo, Inc (Nasdaq: EAR) a medical device company on a mission to improve the quality of life for...

Eargo Reports Strong Sales in Third Quarter 2020

by Stefani Kim | Nov 23, 2020 | In the Ear, Over the Counter, Personal Sound Amplification | 0

Eargo reported that net revenue was $18.2 million for the third quarter of 2020, compared to $7.7 million in the third quarter of 2019. The company says the increase was driven by an increase in consumer adoption of the Eargo hearing aid system and a decrease in sales return accrual rate.

‘Forbes’ Article Highlights Eargo’s Recent IPO

by Stefani Kim | Oct 26, 2020 | In the Ear, Over the Counter, Personal Sound Amplification | 0

Eargo raised $141 million during its recent IPO, according to an article on the “Forbes” website, “sending shares up 87% on its first day of public trading.”

Eargo Inc Announces Upsized Pricing of IPO

by Stefani Kim | Oct 16, 2020 | Industry News | 0

Eargo, Inc. (“Eargo”), a medical device company dedicated to improving the quality of life of people with hearing loss, announced the pricing of its initial public offering of 7,851,852 shares of its common stock at a public offering price of $18.00 per share.

Auditory Insight Research Shows Online Hearing Tests May Not Encourage People to Seek Treatment with Hearing Aids

by Stefani Kim | Aug 25, 2020 | Management Strategies, Testing & Diagnostics, Testing Software | 1

Hearing aid companies report that patient usage of online hearing tests has increased by as much as 500% since the onset of the coronavirus pandemic in late March 2020.

Eargo Announces $71 Million Series E Financing

by Stefani Kim | Jul 29, 2020 | Over the Counter, Personal Sound Amplification | 0

Eargo announced the closing of a $71 million equity financing, led by new co-investors Gilde Healthcare and Longitude Capital, with existing investors New Enterprise Associates (NEA), the Charles and Helen Schwab Foundation, and Nan Fung Life Sciences, also participating in the round.

Eargo Announces Discounts on Merchandise for Healthcare Workers

by Stefani Kim | Apr 28, 2020 | Behind the Ear, In the Ear, Personal Sound Amplification | 0

Eargo announced that they are doubling their commitment to healthcare professionals and their families by giving away “1 million in value of their virtually invisible hearing aids.” This offer is an expansion of the company’s previous commitment of $500,000 worth of value, as announced on March 30.

Eargo To Offer Support and Services Via Hotline and Website

by Stefani Kim | Mar 23, 2020 | Over the Counter, TeleHealth | 3

To help all with hearing needs, Eargo has set up a hearing hotline at 1-800-885-HEAR which will be available Monday through Friday from 9 am-5 pm ET. Also available at no cost are hearing health educational resources that can be found at eargo.com.

Eargo Featured in ‘Harvard Business Review’ Article

by Stefani Kim | Mar 17, 2020 | Over the Counter, Personal Sound Amplification | 0

Author Eddie Yoon, a founder of Eddie Would Grow, wrote that “Eargo’s team are trained to talk about hearing loss not as a medical problem, but rather as a relational problem,” and ask callers about the quality of conversations with friends and family.

Eargo Launches Neo HiFi

by Stefani Kim | Jan 7, 2020 | Over the Counter, Personal Sound Amplification | 0

Eargo, a medical device company “dedicated to improving the quality of life of people with hearing...

Preparing for OTC Hearing Aids

by Stefani Kim | Jun 21, 2019 | Personal Sound Amplification | 4

Unless you’ve been locked in your soundbooth for the past three years, you’re probably well aware that a new class of over-the-counter (OTC) hearing aids will get the green light from the US Food and Drug Administration (FDA) sometime around August 2020, with the notice of proposed rulemaking (NPRM) slated for this November.

Tag: Eargo

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