How Some Companies Are Lowering Hearing Aid Prices
Historically, the small size of the hearing aid market has led to higher prices. With most hearing aid products costing around $1,000 to $4,000, many of them are out of some customers’ budget ranges. Recently, there has been an increased demand for more affordable hearing aids. Some analysts believe that this demand might spur the growth of the hearing aid industry from this year onward. In addition to a small market, there are other factors that influence the hearing aid industry’s high prices. The biggest factor influencing pricing is the addition of middleman costs such as office space and payment for audiologist services. Many hearing aid businesses require customers to take a hearing test before allowing them to purchase hearing aids. One easy way that companies have been lowering hearing aid prices is by eliminating the costs associated with hearing exams. Companies such as Audicus and MDHearingAid have circumvented this challenge by offering online hearing tests that are quick and easy to take without the assistance of an audiologist. Other companies such as HueHearing do not require customers to take a hearing test, making the process even simpler. As a result of cutting out the middleman, HueHearing is able to offer its products at a significant discount. A single Hue Hearing Aid can retail for $68 while on sale and $169.97 at full price. In a similar vein, they offer a pair of hearing aids for $132 while on sale and $299.97 at full price. For customers interested in this business model, you can read HueHearing Reviews online and decide for yourself if they’re the best option for...
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