Market Opportunities
A New Era Brings New Business Opportunities
Unseen Risks:
A Large Population with Hearing Loss
Hearing loss profoundly affects interpersonal communication, social engagement, quality of life, health, and cognitive function.
However, treatment is often postponed due to the high cost of hearing aids and the widespread misconception that hearing loss is merely a natural part of aging or a sign of frailty.
Globally, around 1.5 billion people experience hearing loss,
yet only one-fifth utilize hearing aids.
By 2050, this figure is expected to increase to 2.5 billion.
New Policy Advantage:
The FDA Approved the OTC Hearing Aid Act in 2022
On August 17, 2022, the U.S. government passed the final ruling on Over-the-Counter (OTC) Hearing Aids, which came into effect on October 17, 2022.
This policy is expected to attract more manufacturers and provide consumers with better choices.
The Importance of Hearing and the Rising Demand for Hearing Assistance
Medical Research Links Hearing Loss to Dementia
Research has shown that untreated hearing loss accelerates brain atrophy. “Our hearing and ability to interact with the surrounding environment are crucial for healthy aging. Mid- to late-life hearing loss is the most significant modifiable risk factor for dementia.”
Source: Dr. Frank Lin and his research team at Johns Hopkins University
Hearing Loss Affects Relationships and Workplace Competitiveness
Numerous studies highlight the strong connection between hearing loss, loneliness, and social isolation. Hearing loss impacts how we communicate and interact with others.
Source: Jonathan J. Suen, Audiologist, School of Nursing/Cochlear Center at Johns Hopkins University.
1 Billion Young People at Risk of Hearing Loss Due to Poor Listening Habits
According to the World Health Organization (WHO): “Over 1 billion young people are at risk of permanent yet preventable hearing loss due to unsafe listening habits.”
Rehear’s Three Proprietary Technologies: Leveraging AI to Overcome Traditional Hearing Test Limitations
Have you ever undergone complex hearing test because of hearing difficulties?
Rehear’s proprietary technologies offer unmatched simplicity and convenience, allowing users to effortlessly conduct hearing tests anytime, anywhere, using just a smartphone.
Application Industries
Unlocking New Opportunities in the Hearing Aid Market: Collaborating for Shared Success
