HIA Assesses the State of the OTC Hearing Aid Market
In recognition of the anniversary of the FDA making hearing aids an OTC product, the HIA published an assessment of the state of the market.
In recognition of the anniversary of the FDA making hearing aids an OTC product, the HIA published an assessment of the state of the market.
Even though any comparison of today’s US hearing aid sales to those of 2020 is bound to involve gaudy numbers—recall that total sales fell by more than half (58.6%) in the second quarter of last year due to the pandemic—statistics from the Hearing Industries Association (HIA) confirm a big comeback.
The American Academy of Audiology (AAA) is reminding people that the month of May is National Better Hearing Month. That means it's time to gather our forces and encourage people to get their hearing tested and take action on their hearing loss.
It may not be a miraculous market recovery for the hearing healthcare field, but it’s still very good. Total US hearing aid net unit sales—while still down by -6.2% in the third quarter —made what can be considered a very strong rebound from the -58.6% thumping experienced from April-June (Q2) due to the COVID-19 pandemic. In particular, statistics generated by HIA show that private/commercial sector hearing aid sales actually increased by 0.5% compared to Q3 of last year.
Read MoreAccording to Cochlear, the campaign is supported by 10 hearing health nonprofit and industry partners, and establishes a simple, common metric—defined as 20 decibels in each ear—to help simplify the ongoing conversation and actions related to monitoring hearing health and treating hearing loss, especially among adults 55 years of age and older.
Read MoreThree years ago on August 18, 2017, what has become known as the “OTC Hearing Aid Act” was signed into law, and we’ve now reached the statutory deadline for proposed rules for this new class of hearing aid. Although FDA is obviously focused on the COVID-19 pandemic, the complexities of federal preemption of state laws related to hearing aids also loom large. To ensure strong consumer protections, HIA conducted exhaustive research of hearing aid laws in the 50 states, identifying five primary areas of consumer protection to flag for FDA.
Read MoreThe Hearing Industries Association (HIA) published a note to its members reiterating the importance of continuing to provide hearing care services via telehealth or video, or, if an in-person visit is needed, following Centers for Disease Control (CDC) or World Health Organization (WHO) guidelines for coronavirus.
Read MoreAccording to statistics generated by the Hearing Industries Association (HIA), Washington, DC, overall hearing aid unit sales through the first three quarters of 2019 have increased by 4.9%, with a 4.2% increase in the commercial sector and a 7.9% increase in the VA.
Read MoreOn the eve of major changes in the regulations governing the distribution of hearing aids in the United States, including the new upcoming class of over-the-counter (OTC) hearing devices, MT10 looks at consumers’ perceptions about hearing aids and personal sound amplification products (PSAPs)—as well as their attitudes about OTC devices and do-it-yourself hearing care.
Read MoreUS hearing aid unit sales during the first half of 2019 increased by 2.7% for the private/commercial sector and 8.5% for the US Department of Veteran Affairs (VA), for a total increase of 3.8% compared to the same period last year. The VA accounted for 1 in 5 (19.5%) of all hearing aids dispensed in the United States in the first half of 2019. RIC-style hearing aids constituted 81.7% of all hearing aids dispensed.
Read MoreTim Powers answers questions about updates to the Rechargeable System for Hearing Aids. Get new insights into power issues, and ask your own questions!
Read MoreHearing aid net unit sales in the United States increased by 2.5% during the first quarter (Q1) of 2019, totaling 1,000,653 units—the second time unit volume has ever exceeded 1 million in a quarter.
Read MoreThe HLAA2019 Convention will feature an extensive lineup of educational workshops, a research symposium presented by leading experts in the field, an exhibit hall filled with the latest technology for people with hearing loss, several inspirational speakers, opportunities to explore the beauty of Rochester, and of course a healthy dose of fun and camaraderie.
Read MoreIn a series of videos, the “Hear Well. Stay Vital.” campaign shows the importance of hearing health to pursuing and staying engaged with activities that ignite your passion, such as dance, music, or enjoying grandchildren.
Read MoreDr Barry Freeman answers questions about shipping restrictions for rechargeable batteries. Get new insights into power issues, and ask your own questions here!
Read MoreThe Hearing Industries Association (HIA), in partnership with the Hearing Loss Association of America (HLAA), the American Academy of Audiology (AAA), the Academy of Doctors of Audiology (ADA), and the International Hearing Society, has launched a public awareness campaign to promote better hearing called “Hear Well. Stay Vital.”
Read MoreThe resolution, H.Res. 147, highlights the critical role hearing ability plays in personal health, relationships, professional success, education, and safety. The resolution also discusses the important role of professional intervention and evaluation through licensed hearing care providers—hearing aid specialists, audiologists, and otolaryngologists, who can recommend and assist with rehabilitation options, which may include medical intervention or the use of assistive hearing technologies like hearing aids.
Read MoreHearing care practice owners often get sweaty palms this time of year due to a drop in business and hearing aid units sold. However, industry statistics show that, if that’s the case in your business, maybe you should relax a little; historically, January and February are probably the worst months for hearing aid sales in the private sector.
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