Market Opportunities
A New Era Brings New Business Opportunities
Unseen Risks:
A Large Population with Hearing Loss
Hearing loss can greatly impact 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, approximately 1.5 billion people have hearing loss,
yet only one-fifth use hearing aids.
This figure is expected to increase to 2.5 billion by 2050.
New Policy Advantage:
The FDA Approved the OTC Hearing Aid Act in 2022
On August 17, 2022, the U.S. government issued the final ruling on Over-the-Counter (OTC) Hearing Aids, which took 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
Studies have shown that untreated hearing loss accelerates brain atrophy. “Our ability to hear and interact with our surroundings is 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 have highlighted the strong connection between hearing loss, loneliness, and social isolation. Hearing loss impacts how we communicate and affects with others.
Source：—Jonathan J. Suen, Audiologist, School of Nursing/Cochlear Center at Johns Hopkins University
1 Billion Young People Are 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 taken a complex hearing test Dou to hearing difficulties?
Rehear’s proprietary technology offers unmatched simplicity and convenience, allowing users to effortlessly perform hearing tests anytime, anywhere, using only a smartphone.
