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Hearing loss is a prevalent issue that affects millions of Americans. Unfortunately, the high cost of hearing aids has left many without the help they need, affecting their communication ability, social interaction, and overall health and well-being. However, InnerScope Hearing Technologies, trading on the OTC Market under the stock symbol (INND), is a company that is working hard to change this narrative by offering affordable, high-quality hearing aids straight to consumers.
InnerScope is a trailblazer in the Over-the-Counter Direct-to-Consumer Hearing Technology Market, an innovative model that moves hearing care out of clinics and into people’s homes. This approach breaks down barriers to access and creates new opportunities for those who need hearing aids. InnerScope delivers the same quality and support that consumers receive from traditional channels but at a fraction of the cost.
Traditionally, the hearing aid market has been controlled by just four major manufacturers, who account for 84% of the global market. This monopoly has resulted in exorbitant prices that are often beyond the reach of many Americans. InnerScope’s business model is shaking things up by offering consumers a direct and affordable way to access hearing technology.
InnerScope’s founder and CEO, Matthew Moore, is passionate about making quality hearing aids available to everyone. As a result, InnerScope, with its HearingAssist and headband hearing aids, starts at $499 for a complete set of FDA-registered OTC rechargeable hearing aids, significantly lower than the thousands of dollars consumers typically pay for a single hearing aid. This price includes professional remote programming and support services with one of InnerScope’s Doctor of Audiology and licensed hearing professionals, ensuring users receive the best care and support.
InnerScope delivers its products to consumers through an in-store model, which uses innovative point-of-sale Hearing Screening Kiosks. These are located in large retail and pharmacy chains, making them accessible to consumers nationwide. Through the kiosks, consumers can take a quick and easy hearing screening test and then purchase an over-the-counter hearing aid on the spot.
Additionally, InnerScope has launched its hearing aids and related hearing products on FSAstore.com, HSAstore.com, and WellDeservedHealth.com. These online stores make it easy for the 70 million consumers enrolled in flexible spending accounts (FSA), health saving accounts (HSA), and employer health incentive programs to access InnerScope’s products. InnerScope’s products are FDA-registered, over-the-counter medical-grade rechargeable devices that offer full streaming and Bluetooth app-controlled features. The company also provides hearing aid cleaning supplies, ear care products, and batteries. These products are designed to help consumers take control of their hearing care and improve their quality of life.
One of the critical benefits of InnerScope’s Direct-to-Consumer / Over-the-Counter model is that it removes many of the barriers that typically prevent people from accessing hearing aids. For example, in addition to the high cost, many people are deterred by the need to visit a doctor or specialist to get a hearing aid. InnerScope’s over-the-counter model eliminates this requirement, allowing consumers to purchase hearing aids directly from the comfort of their own homes.
Another significant advantage of InnerScope’s model is that it gives consumers greater control over their hearing care. By using app-controlled hearing aids, users can adjust their hearing aids’ settings to suit their individual needs. This level of customization is not always possible with traditional hearing aids, which are often pre-programmed by doctors or specialists.
InnerScope’s hearing care methodology offers affordability and convenience and instills a sense of empowerment in its consumers.
By giving individuals greater authority over their hearing care, the company enables millions of Americans to seize control of their lives and relish an enhanced quality of life. InnerScope Hearing Technologies is a company that significantly impacts the hearing aid market in the US.
InnerScope’s full line of its HearingAssist and iHEAR branded Hearing Products is currently available through these multiple retail/wholesale distribution channels: Walmart Vision Centers, Walmart.com, Walmart Canada, CVS.com, Walgreens.com, RiteAid.com, Target.com, BestBuy.com, Amazon.com, AmerisourceBergen, Cardinal Health, Cardinal Health™ at-Home, Carewell.com FSAStore.com, HSAStore.com, WellDeservedHealth.com, Fingerhut.com, Giant Eagle / Hy-Vee / Hartig Drug / Food City / Wakefern Food Corp. / ShopRite / SpartanNash / VG’s Grocery / Family Fare / Martin’s Super Markets / Kholl’s Pharmacy & Homecare and Topco Associates representing 15,000+ store locations.
For more information, you may visit their website at www.innd.com.