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Market Intel: Hearing-Aid Companies' Use Of AI, Apps, New Tech Excites Audiologists; Global Hearing-Aid Market Will Reach $11Bn By 2023

 
• By Marion Webb

Hearing-aid manufacturers are using AI, apps and other new technologies to create devices that are more sophisticated, smaller and more programmable. According to a new report by Informa's Meddevicetracker, the global market for hearing aids will reach $11by by 2023. This article offers an in-depth look at the competitive landscape, products as well as trends, such as new US FDA regulations for over-the-counter hearing aids and devices with language translation capabilities, with key insights from two audiologists.

Hearing test showing ear of young woman with sound waves simulation technology - Image

Hearing-aid companies' use of artificial intelligence (AI) and new technologies is attracting the attention of audiologists and patients. After lagging behind for decades, hearing aid companies are providing audiologists with solutions that allow them to match technology to the needs of individual patients while offering patients the ability to fine-tune sounds, and even use phone applications to connect with others and the Internet of Things.

"The hearing-aid manufacturers continue to do amazing work in research and development, which provides the audiologist with sophisticated solutions for their patients," Catherine Palmer, president-elect of the American Academy of...

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