Reversing
the Perception of Hearing Aids
There are several well-documented factors causing hearing impairment to be the world’s
single-most underserved medical market.
First is the consumer
perception of hearing aids. Many view hearing aids as devices
for the elderly and infirm. Few people, especially among today’s
aging baby boomers, want to be classified in that category. And
despite advancing technology, many still assume hearing aids are
big, ugly, typically ineffective devices that are inconvenient
to use but very expensive.
Fact: hearing aid prices
have risen 25% in the last two years.The next factor is both industry-
and product-related. Current manufacturers generally have taken
a convergent strategy, concentrating more on advanced circuitry
placed in smaller devices and selling them for higher prices to
people who already wear hearing aids. With this trade-up mentality,
the industry seems to have given up on attracting the non-users.
Today’s usage of
hearing aids trends older…
Songbird, however,
is targeting a younger, more active consumer with emphasis
on the 45- to 65-year-old age group. In fact, consumers between
45 and 54 represent the largest group ever with hearing loss:
5.5 million people.
Hearing Aid Usage
Also Trends Toward More Severe Losses