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Why Are Hearing Aids So Expensive? | Hearing Aid Cost

Why Are Hearing Aids So Expensive? | Hearing Aid Cost



Why Are Listening to Aids So Costly? | Listening to Support Price. Dr. Clifford Olson from Utilized Listening to Options in Anthem Arizona discusses the 5 the explanation why listening to aids are so costly.

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Web site: https://www.DrCliffAuD.com

Clinic Web site: https://www.AppliedHearingAZ.com

Purpose #1 – Analysis & Growth. Thousands and thousands of {dollars} are spent annually on the R&D related to listening to aids. Listening to aids did not turn out to be so small simply by calling China and requesting a discount in dimension. It takes money and time to develop merchandise which have all the similar, and newer, options inside a tiny little gadget.

Purpose #2 – Listening to aids aren’t client electronics, they’re customizable sturdy medical gear. Apple sells HUNDREDS OF MILLION iPhones annually and there are solely approx 3 million listening to aids offered annually. There are simply not sufficient listening to aids offered to have the ability to get the expertise costs down as little as a smartphone.

Purpose #3 – Lack of competitors within the listening to assist business. There are solely 6 main producers of listening to aids world huge. Till there may be extra competitors, the costs will proceed to be on the upper aspect.

Purpose #4 – No good direct-to-consumer (OTC) merchandise…But. Slicing out the center man (ie. the listening to care skilled) will certainly scale back costs of units. Nevertheless, with the ability to create nice listening to units requires extra than simply slapping a microphone, amplifier, and speaker collectively and connecting them to your cellphone. Simply ask Doppler Labs who went out of enterprise making an attempt to create an inexpensive different to listening to aids. I assume treating listening to loss nicely took more cash to create a terrific product than they thought.

Purpose #5 – If you purchase listening to aids, you’re additionally paying for skilled skilled care from an audiologist. Listening to aids don’t deal with listening to loss. The mixture of a terrific listening to assist together with correct becoming, programming, coaching, and follow-up care are what make a listening to assist carry out nicely. In-fact, nearly all of the price of a listening to assist is because of the truth that you want an expert to make sure you are maximizing the advantage of your listening to aids. Nevertheless, they’re solely well worth the cash in the event that they use “Greatest Practices” when becoming your listening to aids. Most notably, Actual Ear Measures. Need to know extra about Actual Ear Measures? Try my video: https://youtu.be/cHR0Oa6I-wY

How to save cash on listening to aids: https://youtu.be/cak7mlwHPbY

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View Comments (23)

  • all i know is that my mom is poor and she hasnt gotten a hearing aid and she has medicaid

  • Rubbish. They are expensive because of GREED - PERIOD. "Research and development" as a reason for the great expensive? nonsense. The technology is THERE, NOW. They are now 'overdeveloping' them - 'improving' them to a degree that is totally unnecessary to humans (perhaps they are developing them for Bats with hearing loss?). Once the technology is developed to an adequate degree (which has ALREADY happened) they should cost no more than $100 FOR BOTH EARS NOT 'EACH'. This industry is a TOTAL SCAM. I practice medicine for a living. I KNOW what medically related items cost - the hearing aid industry is a RIP OFF. The Chinese, once again, are going to take over this industry with super 'cheap' hearing aids - you'll see.

  • It's all about the greed.
    Nowadays you can buy audio earbuds that enhance/amplify sound for around $100.
    If audio companies can do it, hearing aid companies can too.
    GREED, GREED, GREED, GREED.
    Funding my ass, LAZY ASS PEOPLE HOP TO IT. No mass market so it's gonna cost more.
    Hmmmmmmmm, here's a novel idea, start making other audio devices or related so the cost can come down.
    My audio earbuds can blow ear drums so really I cannot understand this.
    Then again why would they reduce the price if they control the market.
    Maybe what we need is a strong competitor to run these corporate schmucks out of business, oh happy days.

  • It's sad, because so many that can benefit from hearing aids simple don't, cost keeps them from getting them.... Sad all the way around... It's ridiculous when you consider a smart phone has 100 times the technology is a fraction of a cost of a hearing amplifier.....

  • According to Fortune, the 2018 market for hearing aids was $3.19B in 2018. If the cost per aid was $3K, this would indicate that over 106.3M hearing aids were sold in the US alone.