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News Article | October 13, 2016
Site: www.fastcompany.com

Glasses are cool, hearing aids are not. Eyeglass frames in countless varieties are popular fashion statements. Beige earplugs aren't a fashion statement people want to make, and many can't even afford to. Although designer glasses can be pricy, there are stylish, budget-friendly options like Warby Parker's $95 models. Hearing aids average $4,700 a pair in the U.S. "Our goal is to be the Warby Parker of the hearing-loss world, starting with developing countries," says Audra Renyi, a 34-year-old former investment banker who's been a hearing care advocate since 2007. She's launching a company called Hearing Access World that aims to cut the price of hearing aids by 75%. It's a reasonable goal: Costco has brought down prices about two thirds in the U.S. by buying and selling in bulk. "Our goal at Hearing Access is to go from the existing market, which is a low-volume, high-margin retail market, to a much higher-volume, lower-margin business and market," she says. According to the World Health Organization, 360 million people have severe hearing loss. Add everyone with some level of impairment, and you get about a billion potential customers. How many hearing aids are sold every year? A mere 13 million, mostly in developed countries. Renyi knows her market well as executive director of World Wide Hearing. The Montreal-based nonprofit provides testing and low-cost hearing aids in poor countries like Guatemala and Vietnam. She hopes to bring prices down globally by playing directly in the market with her new social venture. Hearing Access World and other startups—such as the budget hearing-aid maker Sound World Solutions and the sound-filtering headset company Doppler Labs—point to the huge advances in consumer tech products like Bluetooth headsets that have been made more fashionable by Apple's new AirPods. The same cheap, ubiquitous components in those devices could improve hearing for everyone, they say. Even in the wealthy U.S., most people go without. Thirty million Americans have hearing loss, yet up to 86% of adults who might benefit from hearing aids don't use them, according to a June 2016 report on hearing by the National Academies of Science, Engineering, and Medicine. "Are hearing aids going to be the new status symbol for the rich?" says Janice Lintz, an advocate and consultant who advises companies and institutions on accommodating people with hearing loss through her company, Hearing Access & Innovations. Like Renyi, whose father and aunt are severely hearing-impaired, Lintz has a family connection. Her adult daughter has been hearing-impaired since childhood. The U.S. government doesn't cover the cost of hearing aids for older adults under Medicare, nor do most private insurance plans for any ages. "If Medicare starts covering something, a lot of insurance companies will follow," says Meg Wallhagen, professor of nursing at the University of California, San Francisco. Medicaid, which serves the poorest Americans, varies by state. Some do cover hearing aids, mainly for children. The coverage is generally small compared to the overall cost of devices and care. "There's so many consumers every day that I hear say, 'I need something, but I have to decide between [buying hearing aids] and putting my kid in daycare or paying rent. I can't afford $5,000 out of my pocket,'" says 38-year-old Kristen "K.R." Liu, a Silicon Valley marketing veteran with severe hearing loss. "They just suffer," she says. Liu is also on the board of the Hearing Loss Association of America and a promotional "ambassador" to World Wide Hearing. One reason for high hearing-aid prices: They bundle services by the audiologist. This includes hearing tests, cleaning, and maintenance, in addition to fitting the device and tuning it to a person's needs by checking deficiencies in certain frequency ranges. "It's not like eyeglasses. You don't put on a pair of hearing aids and start hearing automatically," says Chris McCormick, CMO of Starkey Hearing Technologies, one of the six hearing aid manufacturers that control over 90% of the market. How much do these audiologist services cost? Who knows? You can't buy a Starkey or most other hearing aids unbundled. The problem is compounded, says Lintz, because there aren't uniform descriptions of the specs and features so people can compare models. "Who purchases a $6,000-to-$8,000 item without doing research?" says Lintz. "Just because the office you walk into, that makes a huge profit on it, says, 'This is good for you'?" Most audiologists sell a single hearing aid brand most of the time, says the President’s Council Of Advisors On Science And Technology. In an October 2015 report on hearing aids, the government agency recommended unbundling so that, as with glasses, people can get testing done in one place and elect to use the report, called an audiogram, to buy their hearing aid and get it fitted someplace else. Potential benefits of unbundling were also mentioned in the National Academies of Science, Engineering, and Medicine report. Some companies do sell hearing aids directly to consumers, who simply sign a waiver acknowledging that they are buying on their own, without guidance from an audiologist. (Online, it could just mean clicking a box on the checkout page.) That doesn't help people who want guidance from a specialist but don't want to be locked in to buying from them. Unbundling all hearing aid sales could be tough on mom-and-pop audiologists, who spend years consulting with patients to close those deals: The average time from first visit to sale is seven years. The solution is to reform health insurance coverage, says Wallhagen, who chairs the Hearing Loss Association of America's board of trustees. Before patients reach the point of needing hearing aids, audiologists can help with evaluations and teaching lifestyle strategies to deal with impaired hearing; they can also provide continued help for people who have hearing aids. Known as aural rehabilitation, it can be anything from explaining to friends and family what you can and cannot hear to learning how to make sense of the flood of new sounds you can now pick up with hearing aids. "If we could get those services covered, it could shift the model to where there's less focus on selling hearing aids and more focus on: What really are your hearing needs?" Wallhagen says. While hearing aid sales are minuscule, consumer electronics companies are selling hundreds of millions of audio devices, such as Bluetooth headsets, that do many of the same things. Mass-market CE components are going into devices called personal sound amplification products, or PSAPs, which have become unofficial budget hearing aids. Emphasis on "unofficial." The U.S. Food and Drug Administration prohibits claiming that the devices can help people with hearing loss. (We contacted the FDA, but they declined to be interviewed.) "They look like hearing aids, they act like hearing aids. For all intents and purposes, many people would consider that they are hearing aids," Renyi says. The President’s Council report sort of agrees, recommending that PSAP makers be allowed to say that their products can at least help people with "age-related hearing loss no worse than mild-to-moderate." A June study by Northwestern University compared 11 products, a mix of official hearing aids and PSAPs ranging in price from $8 to $3,200. It found that some PSAPs did as well or better than some hearing aids. Some super-cheap ($49 or less) PSAPs were abysmal, but so were some low-cost ($199) devices with FDA designation as hearing aids. "The technology in our hearing aid and in our personal sound amplifier is exactly the same," says Shawn Stahmer, VP for business development at Sound World Solutions. "The restrictions are all on the marketing side." Its Companion Hearing Aid sells for $449 each, while the very similar CS50+ Personal Sound Amplifier sells for $349. (It's one of the companies that sells hearing aids directly to consumers.) Sound World has brought down prices by eschewing custom components. "The chip that we're using for our [device's] brain is part of hundreds of millions of units that are already in the field for Bluetooth products," Stahmer says. Some fudging is required to install custom signal-processing algorithms on a chip that wasn’t designed for hearing aids. There's a problem with mass-produced chips from companies like Qualcomm or Intel, according to Starkey's McCormick. "They don't understand ultra-low voltage," he says. "Think about the battery that's in your iPhone. Try putting that in your ear." Hearing aids have to run 24/7, for a week at a time on a battery about the size of an aspirin, he says. Renyi says her company's hearing aids will get a week of battery life. Sound World Solutions claims 18 hours battery time for its Companion, which recharges like a Bluetooth headset. Most hearing aids still use disposable batteries that add up to about $50 per year. Starkey is offering a lot with its latest bespoke chip, called Synergy, which powers its new Muse, Halo 2, and SoundLens hearing aids. The 1.2-volt system chip has a quad-core processor running two "compressors"—software that filters out distracting noise. One optimizes speech, while a second processes music. The chip is fast enough to detect and reduce the noise that occurs in between syllables as someone speaks. Directional microphones allow the devices to identify and filter out environmental noise from behind or the side. "We can analyze if a person is sitting in a restaurant talking to a person and there is significant background noise, and the hearing aid makes decisions based on the particular type of audio input," McCormick says. For example, it can automatically dampen the sound of a coffee grinder at a café. "We're essentially delivering [audio quality] for hearing-impaired people at levels exceeding those of people who have regular, normal hearing," says McCormick. "If you just want to communicate with your family and friends, you're not going to need all this high-rent stuff," Wallhagen says. "And if the new ones come into the market, some of the older ones [now] don't cost as much, but they're really good." The Halo 2 has Apple's "Made for iPhone" designation. It streams all audio, be it iTunes or Siri, and is adjustable through an iPhone app. Halo 2 uses the phone's GPS to identify a location and call up the audio settings that worked best there in the past. At a recent tech conference, says McCormick, "People would come up…and say, 'I don't need a hearing aid. I have normal hearing. But why can't I have that?'" They may get their wish. "You can make these for normal-hearing people, and that's certainly an area of consideration that we're exploring aggressively," says McCormick. "Stay tuned, it's very likely you can have them in the near future." A startup called Doppler Labs is also aiming for people who want to hear better than normal. It launched on Kickstarter in 2015 with Here Active Listening, a $249 set of AI-driven wireless earbuds that recognize and filter ambient sounds, such as bringing down background noise in a subway or boosting voices during a conversation. A smartphone app lets users pick filters and effects (like simulating the ambience of a concert hall), adjust volume, and tweak a five-band equalizer. Doppler's next product, Here One, debuts in November for $300 and adds wireless streaming from smartphones and other devices. Doppler's headphones drift into hearing-aid territory, starting with the setup. It begins by creating a "personal listening profile," which sounds a lot like a hearing-aid fitting. "What that does is, it actually takes a snapshot of each of your ear's unique characteristics and calibrates the entire system to your hearing," says Doppler's 29-year-old CEO Noah Kraft, who came up with the idea for the company because of his love of music. He then blurts out what could be mistaken for the disclaimer in a TV commercial for pharmaceuticals: "To be very clear," he says, "Here One is not a medical device. It is not meant to be a medical device. It is not meant to replace a hearing aid. If you have severe hearing loss, you should go to an audiologist." I tried the original product while chatting with Doppler Labs at a slightly noisy café in San Francisco. With me was K.R. Liu, who joined Doppler about a year ago as director of accessibility and advocacy. Selecting a filter for restaurants dampened the background sounds of milk steaming or people chattering, and selecting the Human Speech enhancer zoomed in on Liu's voice. Still, I had the feeling I was listening through an intermediary and had a sense of being under water. Doppler folks say the final Here One (which they didn't have on hand) will perform better, and that I might need tips in a different size to better fit my ear canals. There's still quite a distance between Here One and a hearing aid like Starkey's Halo 2, and not just on price or legal status. Doppler advertises a five-hour battery life for Here One. (They come in a battery-powered charging case, similar to the Apple AirPods.) "That's unusable for us," says McCormick. The Halo 2 automatically adjusts the sound filters to environmental noises. It's a manual selection process with the Doppler app, although it will suggest what setting to use. The Here Ones are also bulky, although Doppler plays that up as fashion. "The Warby Parker example is great. People go to Warby Parker who don't even have vision loss," says Liu. "They go to wear it because it's fashionable. I would love to see somebody say that about in-ear tech." (We asked Warby Parker for its opinion on these comparisons. The company declined to comment.) A self-described "fashion victim," Liu has short blond hair like Robin Wright that leaves her ears exposed. When we met, her compact hearing aids (which cost $12,000 a pair) were scarcely visible. She wore a blouse with an abstract print in stark black and white, which are the two color options for Here One. Liu seems awfully excited about a product that officially won't help her ears. With a little prodding, CEO Kraft admits that Doppler wants to go farther. "Long term, if the FDA changes the regulations, Doppler would love nothing more than to be able to provide tech to all ears," he says. "If we can provide tech to mild-to-moderate [hearing-loss patients], we will create tech for that. If we can provide tech to people with severe hearing loss, I guarantee you, we can create that tech." As consumer electronics companies nudge into the hearing-aid space with PSAPs, and as hearing-aid companies nudge into the CE space, a new wearable tech category may be emerging. Called "hearables" by their boosters, the gadgets could encompass a range of over-the-counter, in-ear devices that allow people to hear better—either by making up for diagnosed hearing deficiency or tweaking how live music and voices sound. There are a lot of barriers in the way: public health regulations like the FDA's labeling rules; health care concerns that people will get safe products; ensuring a correct fit; hearing aid makers and audiologists wanting to recoup costs; and technological challenges like getting battery life up and making devices easy to configure. If money and interest flow into hearables, audio technology could advance faster and prices could come down for all devices. Fashion could also have a hand in determining the trend, though wearable tech has a patchy record. Headphones go in and out of style, with big cans currently en vogue again. Google Glass flopped. Glasses themselves took centuries to become cool and affordable, but they've certainly arrived. If companies can get the right mix of tech, style, and price, hearables could be the new glasses.


News Article | November 17, 2016
Site: www.newsmaker.com.au

The rising incidence rate of hearing disorders among the geriatric population has resulted in growing sales of efficient hearing devices. The hearing disabilities among war veterans as well as new-born infants is one of the biggest concerns in the global healthcare sector. The need for enhanced hearing aids is gaining importance as any untreated hearing loss among infants can lead to impairment in the speaking, the academic and the psychological abilities of the suffering children. Moreover, the global geriatric population is highly susceptible to developing hearing damage, which can adversely affect their personal relationships as well as their social life. As a result, the global market for hearing aids is expected to register a considerable rise, and the demand for hearing aids is likely to increase among several households during the forecast period (2016-2026). FMI’s report on the global hearing aids market consists of research that identifies the key factors that will shape up the dynamics of the market during the forecast period. Besides the obvious factor of rising incidences, the growth of the global hearing aids market is also influenced by factors such as, The increasing noise pollution throughout the world has had a significant impact on the hearing of adults. Noise emission in heavy duty industries as well as public carnivals is expected to damage the hearing capacity of adults, thereby resulting into increase in demand for hearing aids. Common practice of exposing the ear drum with loud music played through headphones or earphones is a very common factor causing hearing problems among the young demographic. Furthermore, people working in high-decibel environments such as airports or ordnance factories are expected to suffer from hearing loss due to overexposure. The demand for hearing aids is also higher among construction worker, owing to the loud drilling and dismantling work. The most recent factor stimulating the growth of enhanced hearing aids is the addition of Bluetooth, headphone, noise cancellation and other digital functions in the existing hearing devices. Such technological advancements have supplemented the demand for expensive hearing aids with additional features. On the other hand, the factors that restrain the overall growth of the global hearing aids market include, The low battery life of hearing aids is one of the biggest limitation to the demand of existing products. The consumer is left helpless and deaf, after the battery of the aid runs out. Lack of proper diagnosis of hearing disorders will result in lower adoption of hearing aids as consumer patients will continue to adjust to the hearing impairment. The evident buzzing and feedback sounds emitting from the hearing devices have proved to displease the users, especially the elderlies. As a result, it has distracted the thought processes of old people while having conversations with their family and friends. The global market for hearing aids is broadly segmented on the basis of the type of products, which include, Among the regional classification of the global hearing aids market, North America and Europe are expected to be amid the foremost lucrative regions in the global market. The rising number of hearing loss incidences in the US and Canada is expected to drive the market growth in North America, while the presence of several leading hearing device manufacturers is anticipated to fuel the hearing aid businesses across Europe. Meanwhile, the high noise pollution levels in Asia Pacific (APAC) countries such as India, China and Japan is also expected to impact the hearing aids market in the APAC region. The leading manufacturers of the global hearing aids market are focussed on market consolidation and expansion of their product portfolio. ReSound, Widex, Oticon, Siemens AG, Starkey Hearing Technologies Inc., and Phonak Hearing Systems, are among the leading manufacturers of the global market that are based in European countries, and account for a majority of the global production of hearing aids. Zounds Hearing, Inc. (U.S.), SeboTek Hearing Systems, LLC (U.S.), Sivantos Pte. Ltd. (Singapore), GN Store Nord A/S (Denmark), Cochlear Limited (Australia), Sonova (Switzerland), MED-EL (Austria), and William Demant Holding A/S (Denmark), among others, are also recognised as the key players in the global hearing aids market.


News Article | November 23, 2016
Site: www.newsmaker.com.au

MarketStudyReport.com adds “Hearing Amplifiers Market Size By Product (On-the-Ear, In-the-Ear), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Netherlands, Norway, Sweden, Denmark, Switzerland, Russia, China, India, Australia, Japan, New Zealand, Brazil, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016-2023” new report to its research database. The report spread across 98   pages with table and figures in it. Global Hearing Amplifiers Market size was evaluated at $58.11 million for 2015 and is predicted to register CAGR of about 4.81% during forecast timeframe. Significant rise in aging population along with increasing occurrence of hearing problems have led to launch of aesthetically appealing equipments like hearing amplifiers and this has boosted industry growth during forecast timeframe. As per WHO(World Health Organization)reports, population with 65 years of age and above is projected to grow by 16.1% in 2050. As old age is considered as one of key risk factors giving rise to hearing problems ,the predicted increase in aging population is a major driver boosting industry growth. U.S. Hearing Amplifiers Market Size, by Product, 2012 ? 2023 (USD Million) U.S. Hearing Amplifiers Market Size, by Product, 2012 - 2023 (USD Million) Further, technological breakthroughs like launch of small sized hearing aids requiring less power and offering clear voice is predicted to promote hearing amplifiers market trends. In addition to this, growing demand for cosmetically appealing and hardly visible hearing aids suitable for modern lifestyle along with high purchasing capacity of population is predicted to propel industry demand. Product Trends The industry is segmented into various products like In-the-ear hearing aid amplifier and on-the-ear hearing aid amplifier. In-the-ear hearing amplifier segment is predicted to record CAGR of more than 5.21% during forecast timeline. Current technological innovations like creation of non- removable or permanent hearing aids that function on induction charge than battery charge to revive damaged components using stem cells are predicted to drive the segment growth. On-the-ear hearing aid amplifier segment led global hearing amplifiers market share for 2015 by contributing about 70.1% to total revenue during that year. Growth of the segment can be credited to factors like favorable regulations and growing device popularity among patients. Regional Trends Global industry is segmented into key geographical regions like North America, Europe, MEA, APAC and Latin America. Europe hearing amplifiers market size is biggest and was evaluated at $24.41 million for 2015. Germany and UK combined made significant contribution to total revenue of Europe. High occurrence of hearing problems and favorable regulations are the factors predicted to drive the regional industry growth. APAC industry is predicted to register maximum CAGR of 8.71% during forecast timeline. Large proportion of unexplored patient pool in the region, improved healthcare facilities and growing purchasing capacity of people is predicted to drive regional industry growth. Countries like India and China are key contributors to the industry growth of the region. Competitive Trends Key industry players profiled in the report include Soundhawk Corporation, Motorola Mobility, ShenzhenEnJoYou Electronics Company Limited, iHear Medical, IntriCon, Samsung Electronics, Starkey Hearing Technologies, Etymotic Research Incorporation, Earlens Corporation, Doppler Labs, Focus Ear LLC, Songbird Hearing Incorporation, Onsemi, Bragi, Nuheara, So Special Labs, EarGO and Sivantos Incorporation. The industry is oligopolistic in nature with only few key industry players dominating global hearing amplifiers market. For instance, limited number of industry participants like GN Resound, Sonova, Widex and William Demant together contributed about 80% of the total industry share for 2015. The industry witnesses less product differentiation and tough price based competition among the participants. To receive personalized assistance, write to us @ [email protected] with the report title in the subject line along with your questions or call us at +1 866-764-2150


Ceremonial wreaths from Wreaths Across America to be placed at Fort Snelling National Cemetery in honor of local veterans MINNEAPOLIS, MN--(Marketwired - December 12, 2016) - Starkey® Hearing Technologies is proud to honor our nation's heroes by sponsoring 1,500 wreaths to honor their service, sacrifice and courage. The evergreen wreaths, adorned with traditional red bows, will be placed at Fort Snelling National Cemetery on Saturday, December 17 as part of Wreaths Across America's National Wreaths Across America Day. Wreaths will also be placed at cemeteries and memorial sites around the nation to honor fallen veterans. "On behalf of everyone at Starkey, we are proud to help support Wreaths Across America in honoring our nation's heroes during the holidays," Starkey Hearing Technologies Senior Vice President Brandon Sawalich said. "The Starkey family includes many veterans and active service members, and these wreaths are a beautiful way to express our gratitude for their service, sacrifice, and bravery." As the only American owned and operated provider of hearing technologies, Starkey Hearing Technologies is proud to support those who have served our country with the best in American innovation including a suite of revolutionary hearing technologies and extensive hearing loss resources. The honorary placement of holiday wreaths on veteran graves originally began in 1992 when Morrill Worcester's Worcester Wreath Company ended up with a surplus of wreaths toward the end of the holiday season. Inspired by Worcester's childhood trip to Arlington National Cemetery, the company along with James Prout, owner of Blue Bird Ranch, Inc., volunteers from the local American Legion and VFW Posts, and members of the Maine State Society of Washington, D.C., helped place wreaths in the older sections of Arlington National Cemetery. The tribute became an annual occurrence, garnering national attention in 2005 after a snowy photo went viral online. Since its inaugural year, the movement has grown to involve cemeteries and memorial sites around the world. In 2014, over 700,000 memorial wreathes were laid at 1,000 locations in the United States and beyond, with 226,525 alone to cover all of Arlington National Cemetery. To learn more about Wreaths Across America and National Wreaths Across America Day, please visit www.wreathsacrossamerica.org. Starkey Hearing Technologies is a privately held, global hearing technology company headquartered in Eden Prairie, Minnesota. Founded in 1967, the company is recognized for its innovative design, development and distribution of comprehensive digital hearing systems. The company develops, manufactures and distributes hearing aids via three distinct brands -- Audibel, NuEar and its original brand, Starkey. Starkey Hearing Technologies currently employs more than 4,800 people and operates 21 facilities and conducts business in more than 100 markets worldwide.


News Article | December 20, 2016
Site: www.marketwired.com

Minnesota company gives back to families, children and veterans MINNEAPOLIS, MN--(Marketwired - December 20, 2016) - Starkey® Hearing Technologies, the only American-owned and operated hearing aid manufacturer, is celebrating its annual season of giving with an array of local charitable events to support families, children and veterans. "Ever since Bill Austin founded Starkey Hearing Technologies, almost 50 years ago, philanthropy has been embedded deep in the company's DNA," Starkey Hearing Technologies Senior Vice President Brandon Sawalich said. "Each year, we partake in the season of giving to express our gratitude to our community, and we're always humbled and awed by the number of Starkey employees who join us in giving back." To kick off the season of giving, Starkey Hearing Technologies set up its Wish Tree in support of the Angel Foundation, the Mendota Heights-based non-profit that provides emergency financial assistance, education and support for adults with cancer and their families. For the third year in a row, hundreds of Starkey Hearing Technologies employees bought gifts, gift cards, toys, and other items which will be delivered this week to fulfill families' holiday wishes. On Tuesday, December 14, Starkey Hearing Technologies hosted a MobilePack™ event for Feed My Starving Children®, the Coon Rapids-based non-profit that feeds malnourished children around the world. Nearly 300 Starkey employees packed 54,432 nutritious, high-protein meals, which will feed more than 150 children in need every day for one year. On Saturday, December 17, Starkey Hearing Technologies partnered with Wreaths Across America to place 1,500 wreaths at Fort Snelling National Cemetery as part of National Wreaths Across America Day. The evergreen wreaths, adorned with traditional red bows, express Starkey Hearing Technologies' gratitude for veterans' courage, service and sacrifice. On Thursday, December 22, Starkey Hearing Technologies will donate holiday turkeys to the McLeod Emergency Food Shelf, which serves families in the Glencoe and Hutchinson areas. On New Year's Day, Starkey Hearing Technologies will host a group of local veterans at the Starkey Hearing Technologies hospitality suite when the Minnesota Vikings face the Chicago Bears at U.S. Bank Stadium. And finally, as part of Starkey Hearing Technologies' commitment to giving back throughout the year, the company is working with Make-A-Wish® Minnesota to grant the wishes of 10 local children and teens who are suffering from cancer or other life-threatening medical conditions. These 10 life-changing experiences are currently being planned and will be revealed to the recipients in 2017. Starkey Hearing Technologies is a privately held, global hearing technology company headquartered in Eden Prairie, Minnesota. Founded in 1967, the company is recognized for its innovative design, development and distribution of comprehensive digital hearing systems. The company develops, manufactures and distributes hearing aids via three distinct brands - Audibel, NuEar and its original brand, Starkey. As the only American-owned and operated provider of hearing technologies, Starkey Hearing Technologies is proud to support veterans and active military service personnel with the best in American innovation, including a suite of revolutionary hearing technologies and other resources. Starkey Hearing Technologies currently employs more than 4,800 people and operates 21 facilities and conducts business in more than 100 markets worldwide. For more information, visit www.starkey.com. Image Available: http://www.marketwire.com/library/MwGo/2016/12/20/11G125650/Images/2016_Wish_Tree-3dd96d610539a82e8e18093e1712d7b8.jpg Image Available: http://www.marketwire.com/library/MwGo/2016/12/20/11G125650/Images/FeedMyStarvingChildren_1-beee46127206a28c9e37b329c835f10c.jpeg Image Available: http://www.marketwire.com/library/MwGo/2016/12/20/11G125650/Images/FtSnellingWreaths-8304d4bb8fee866eb637786dcf56ec48.jpg


MINNEAPOLIS, MN--(Marketwired - February 16, 2017) - Starkey® Hearing Technologies is pleased to announce that its revolutionary Halo™ 2 hearing aids have been officially named a finalist for two prestigious awards -- the 2017 SXSW® Interactive Innovation Awards for "Wearable Tech" and the 2017 Edison Awards™ for "Health and Wellness." Halo 2 is also the only hearing aid to be recognized at the 2017 SXSW Interactive Innovation Awards. "We are pleased to see Halo 2 honored for both its advanced technology and for the positive social impact it's having on how people view hearing aids," Starkey Hearing Technologies Senior Director of Research Simon Carlile said. "Our collaboration with faculty at the University of Toronto revealed that integration of Halo 2 with mobile technology has a normalizing effect for patients, and we are confident that this technology will continue to help in eliminating the stigma hearing aids have normally had." Halo 2 was honored for its ability to merge audiological advances with mobile technology to provide a hearable technology built for better hearing and active living. Featuring revolutionary quad-core twin compressor technology, a unique music algorithm and high-definition operating system, Halo 2 enables high-definition sounds and speech audibility across life's changing landscapes. Additionally, Halo 2 was also honored for its destigmatizing effect. Halo 2 originally launched in March 2016, with a new, nearly invisible RIC 312 style released in January 2017 alongside the new version of the TruLink® Hearing Control app, TruLink 4.0. To date, Halo 2 has been recognized by six different organizations. Halo 2 earned a Best Design Award and was named one of the "7 Most Brilliant Product Designs of 2016" by Inc. magazine; is a 2016 American Business Awards Technical Innovation of the Year; a Gold Product Design Award winner in the 2016 Spark Awards; and a finalist in both the 2016 MN Tekne Awards and the 2017 SXSW Interactive Innovation Awards. The SXSW Interactive Innovation Awards celebrates revolutionary developments in technology in the connected world. This year marks the associations 20th awards ceremony, and winners will be officially selected on March 14 during the South by Southwest® (SXSW) Conference and Festivals in Austin, Texas. Inspired by Thomas Edison's persistence and inventiveness, the internationally renowned Edison Awards recognize innovation, creativity and ingenuity in the global community. Edison Award winners are judged by more than 3,000 senior business executives and academics from across the nation whose votes acknowledge the winners' success in meeting the award's stringent criteria of quality. Starkey Hearing Technologies is a privately held, global hearing technology company headquartered in Eden Prairie, Minnesota. Founded in 1967, the company is recognized for its innovative design, development and distribution of comprehensive digital hearing systems. The company develops, manufactures and distributes hearing aids via three distinct brands -- Audibel, NuEar and its original brand, Starkey. As the only American owned and operated provider of hearing technologies, Starkey Hearing Technologies is proud to support veterans and active military service personnel with the best in American innovation, including a suite of revolutionary hearing technologies and other resources. Starkey Hearing Technologies currently employs more than 4,800 people and operates 21 facilities and conducts business in more than 100 markets worldwide. For more information, visit www.starkey.com. SXSW dedicates itself to helping creative people achieve their goals. Founded in 1987 in Austin, Texas, SXSW is best known for its conference and festivals that celebrate the convergence of the interactive, film, and music industries. The event, an essential destination for global professionals, features sessions, showcases, screenings, exhibitions, and a variety of networking opportunities. SXSW proves that the most unexpected discoveries happen when diverse topics and people come together. SXSW 2017 will take place March 10-19, 2017. The Edison Awards is a program conducted by Edison Universe, a 501(c)(3) charitable organization dedicated to fostering future innovators. For more information about the Edison Awards, Edison Universe and a list of past winners, visit www.edisonawards.com.


News Article | November 10, 2016
Site: www.prnewswire.com

NEW YORK, November 10, 2016 /PRNewswire/ -- Some of the Top Companies Operating in the Global Hearing Aids Market are Sonova, William Demant Holdings A/S, GN ReSound, Amplifon S.p.A., Cochlear Ltd., Starkey Hearing Technologies Inc., Widex A/S, and Sivantos Pte. Ltd According to...


News Article | November 16, 2016
Site: www.PR.com

Global Hearing Aids Market Growing at a CAGR of 3.9% Between 2016-2024 Hearing loss is a partial or total inability to hear. Hearing aids are sound-amplifying devices designed to aid people who have a hearing impairment. New York, NY, November 16, 2016 --( Hearing aids are used for the treatment of profound hearing loss. Disabling hearing loss refers to hearing loss greater than 40 decibels (dB) in the better hearing ear in adults and a hearing loss greater than 30 dB in the better hearing ear in children. Hearing loss is one of the six leading global diseases. Approximately one-third of people over 65 years of age are affected by hearing loss. The prevalence in this age group is greatest in South Asia, Asia Pacific, and sub-Saharan Africa. According to the U.S. National Center of Health Statistics (NCHS), 12 out of every 1,000 Americans suffering from hearing loss belong to the age group of below 18 years. An increasing prevalence of hearing loss among the population is likely to boost the demand for hearing aids globally and further fuel the growth of the global hearing aids market. Moreover, rapidly increasing usage rates of digital hearing aid technology and patient awareness levels are expected to drive market growth during the forecast period (2016 – 2024). The global hearing aids market is mainly driven by factors such as gradual increase in disposable income, increase in GDP, and increase in global geriatric population. However, factors such as poor reimbursement policies and lack of infrastructure will hinder the growth of the global hearing aids market in the coming eight years. The global hearing aids market is segmented on the basis of Product Behind-The-Ear (BTE) Hearing Aids, Receiver-In-The-Ear (RIE) Hearing Aids, In-The-Ear (ITE) Hearing Aids, In-The-Canal (ITC) Hearing Aids, Completely-In-The-Canal (CIC) Hearing Aids; Technology (Conventional Hearing Aids, Digital Hearing Aids); End User (Audiology Clinics, ENT Clinics, Online Stores); and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa). The Behind-The-Ear (BTE) Hearing Aids segment is estimated to be the highest contributor to the global hearing aids market in terms of value share by 2016 end, followed by the Receiver-In-The-Ear (RIE) Hearing Aids segment. These segments are anticipated to register CAGRs of 3.3% and 3.6% respectively over the forecast period. The Digital Hearing Aids segment is expected to be the fastest growing and most attractive segment over the forecast period and is expected to create incremental opportunity of US $2,759.8 Mn between 2016 and 2024. The Audiology Clinics segment is anticipated to register a CAGR of 3.9% over the forecast period. On the basis of region, the North America hearing aids market is expected to account for the highest market value share in the global hearing aids market by 2024 end, followed by the Europe hearing aids market. The Europe hearing aids market is estimated to account for 28.0% revenue share by the end of 2016. The report profiles some of the top companies operating in the global hearing aids market. Key players featured in the report are Sonova, William Demant Holdings A/S, GN ReSound, Amplifon S.p.A., Cochlear Ltd., Starkey Hearing Technologies Inc., Widex A/S, and Sivantos Pte. Ltd. Leading market players are focusing on developing innovative products through robust R&D initiatives to expand their product portfolio and are adopting advanced technologies to provide better solutions to patients. Some companies are also entering into strategic collaborations with other leading market players to develop innovative products and expand their geographical presence. Browse Complete Report & TOC @ http://www.persistencemarketresearch.com/market-research/hearing-aids-market.asp New York, NY, November 16, 2016 --( PR.com )-- According to the latest market report published by Persistence Market Research titled, “Hearing Aids Market: Global Industry Analysis and Forecast, 2016–2024,” the global hearing aids market was valued at US $7,800.0 Mn in 2015 and is anticipated to register a CAGR of 3.9% from 2016–2024, to reach US $10.91 Bn by 2024.Hearing aids are used for the treatment of profound hearing loss. Disabling hearing loss refers to hearing loss greater than 40 decibels (dB) in the better hearing ear in adults and a hearing loss greater than 30 dB in the better hearing ear in children. Hearing loss is one of the six leading global diseases. Approximately one-third of people over 65 years of age are affected by hearing loss. The prevalence in this age group is greatest in South Asia, Asia Pacific, and sub-Saharan Africa. According to the U.S. National Center of Health Statistics (NCHS), 12 out of every 1,000 Americans suffering from hearing loss belong to the age group of below 18 years. An increasing prevalence of hearing loss among the population is likely to boost the demand for hearing aids globally and further fuel the growth of the global hearing aids market. Moreover, rapidly increasing usage rates of digital hearing aid technology and patient awareness levels are expected to drive market growth during the forecast period (2016 – 2024).The global hearing aids market is mainly driven by factors such as gradual increase in disposable income, increase in GDP, and increase in global geriatric population. However, factors such as poor reimbursement policies and lack of infrastructure will hinder the growth of the global hearing aids market in the coming eight years.The global hearing aids market is segmented on the basis of Product Behind-The-Ear (BTE) Hearing Aids, Receiver-In-The-Ear (RIE) Hearing Aids, In-The-Ear (ITE) Hearing Aids, In-The-Canal (ITC) Hearing Aids, Completely-In-The-Canal (CIC) Hearing Aids; Technology (Conventional Hearing Aids, Digital Hearing Aids); End User (Audiology Clinics, ENT Clinics, Online Stores); and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa). The Behind-The-Ear (BTE) Hearing Aids segment is estimated to be the highest contributor to the global hearing aids market in terms of value share by 2016 end, followed by the Receiver-In-The-Ear (RIE) Hearing Aids segment. These segments are anticipated to register CAGRs of 3.3% and 3.6% respectively over the forecast period. The Digital Hearing Aids segment is expected to be the fastest growing and most attractive segment over the forecast period and is expected to create incremental opportunity of US $2,759.8 Mn between 2016 and 2024. The Audiology Clinics segment is anticipated to register a CAGR of 3.9% over the forecast period.On the basis of region, the North America hearing aids market is expected to account for the highest market value share in the global hearing aids market by 2024 end, followed by the Europe hearing aids market. The Europe hearing aids market is estimated to account for 28.0% revenue share by the end of 2016.The report profiles some of the top companies operating in the global hearing aids market. Key players featured in the report are Sonova, William Demant Holdings A/S, GN ReSound, Amplifon S.p.A., Cochlear Ltd., Starkey Hearing Technologies Inc., Widex A/S, and Sivantos Pte. Ltd. Leading market players are focusing on developing innovative products through robust R&D initiatives to expand their product portfolio and are adopting advanced technologies to provide better solutions to patients. Some companies are also entering into strategic collaborations with other leading market players to develop innovative products and expand their geographical presence.Browse Complete Report & TOC @ http://www.persistencemarketresearch.com/market-research/hearing-aids-market.asp Click here to view the list of recent Press Releases from Persistence Market Research


News Article | November 12, 2016
Site: marketersmedia.com

— The Global Hearing Aids Market Research Report 2016 is a professional and in-depth study on the current state of the Hearing Aids industry. In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Key companies included in this research are Benson Hearing, GN ReSound Group, MED-EL GmbH, MicroTech, Phonak, Siemens Healthcare, Sonova Holding AG, Sophono, Inc., Starkey Hearing Technologies, Widex A/S and William Demant Holdings A/S. Market Segment by Region, this report splits Global into several key Region, with sales, revenue, market share and growth rate of Hearing Aids in these regions, from 2011 to 2021 (forecast), like North America, China, Europe, Japan, India, Southeast Asia. Firstly, Hearing Aids Market Split by application, this report focuses on consumption, market share and growth rate of Hearing Aids in each application, can be divided into Application 1, Application 2 and Application 3. Secondly, Hearing Aids Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into Behind-the-Ear Aids (BTE), In-the-Ear Aids, Receiver-in-the-Ear Aids, Canal-Hearing-Aids (ITC, CIC, IIC). 7.1 Benson Hearing 7.1.1 Company Basic Information, Manufacturing Base and Its Competitors 7.1.2 Hearing Aids Product Type, Application and Specification 7.1.2.1 Type I 7.1.2.2 Type II 7.1.3 Benson Hearing Hearing Aids Production, Revenue, Price and Gross Margin (2015 and 2016) 7.1.4 Main Business/Business Overview 7.2 GN ReSound Group 7.2.1 Company Basic Information, Manufacturing Base and Its Competitors 7.2.2 Hearing Aids Product Type, Application and Specification 7.2.2.1 Type I 7.2.2.2 Type II 7.2.3 GN ReSound Group Hearing Aids Production, Revenue, Price and Gross Margin (2015 and 2016) 7.2.4 Main Business/Business Overview 7.3 MED-EL GmbH 7.3.1 Company Basic Information, Manufacturing Base and Its Competitors 7.3.2 Hearing Aids Product Type, Application and Specification 7.3.2.1 Type I 7.3.2.2 Type II 7.3.3 MED-EL GmbH Hearing Aids Production, Revenue, Price and Gross Margin (2015 and 2016) 7.3.4 Main Business/Business Overview Table Major Manufacturers of Behind-the-Ear Aids (BTE) Figure Product Picture of In-the-Ear Aids Table Global Hearing Aids Capacity Market Share by Manufacturers (2015 and 2016) Figure Global Hearing Aids Capacity of Key Manufacturers in 2015 Figure Global Hearing Aids Capacity of Key Manufacturers in 2016 Table Manufacturers Hearing Aids Product Type Figure Hearing Aids Market Share of Top 3 Manufacturers Table Global Hearing Aids Revenue by Regions (2011-2016) Table Global Hearing Aids Revenue Market Share by Regions (2011-2016) Table 2015 Global Hearing Aids Revenue Market Share by Regions Table Global Hearing Aids Production, Revenue, Price and Gross Margin (2011-2016) For more information, please visit http://www.reportsweb.com/global-hearing-aids-market-research-report-2016


News Article | November 10, 2016
Site: www.prnewswire.co.uk

Some of the Top Companies Operating in the Global Hearing Aids Market are Sonova, William Demant Holdings A/S, GN ReSound, Amplifon S.p.A., Cochlear Ltd., Starkey Hearing Technologies Inc., Widex A/S, and Sivantos Pte. Ltd According to the latest market report published by Persistence Market Research titled "Global Market Study on Hearing Aids: Digital Hearing Aids Technology Segment Anticipated to Register 3.9% CAGR Between 2016 and 2024, (http://www.persistencemarketresearch.com/market-research/hearing-aids-market.asp)" the global hearing aids market was valued at US$ 7,800.0 Mn in 2015 and is anticipated to register a CAGR of 3.9% from 2016-2024, to reach US$ 10.91 Bn by 2024 and North America Market Revenue is Estimated to Reach US$ 4,630.0 Mn by 2024. Hearing aids are used for the treatment of profound hearing loss. Disabling hearing loss refers to hearing loss greater than 40 decibels (dB) in the better hearing ear in adults and a hearing loss greater than 30 dB in the better hearing ear in children. Hearing loss is one of the six leading global diseases. Approximately one-third of people over 65 years of age are affected by hearing loss. The prevalence in this age group is greatest in South Asia, Asia Pacific, and sub-Saharan Africa. According to the U.S. National Center of Health Statistics (NCHS), 12 out of every 1,000 Americans suffering from hearing loss belong to the age group of below 18 years. An increasing prevalence of hearing loss among the population is likely to boost the demand for hearing aids globally and further fuel the growth of the global hearing aids market. Moreover, rapidly increasing usage rates of digital hearing aid technology and patient awareness levels are expected to drive market growth during the forecast period (2016 - 2024). The global hearing aids market is mainly driven by factors such as gradual increase in disposable income, increase in GDP, and increase in global geriatric population. However, factors such as poor reimbursement policies and lack of infrastructure will hinder the growth of the global hearing aids market in the coming eight years. View and Download Report Table of Contents, Figures, and Tables: http://www.persistencemarketresearch.com/market-research/hearing-aids-market/toc The Behind-The-Ear (BTE) Hearing Aids segment is estimated to be the highest contributor to the global hearing aids market in terms of value share by 2016 end, followed by the Receiver-In-The-Ear (RIE) Hearing Aids segment. These segments are anticipated to register CAGRs of 3.3% and 3.6% respectively over the forecast period. The Digital Hearing Aids segment is expected to be the fastest growing and most attractive segment over the forecast period and is expected to create incremental opportunity of US$ 2,759.8 Mn between 2016 and 2024. The Audiology Clinics segment is anticipated to register a CAGR of 3.9% over the forecast period. On the basis of region, the North America hearing aids market is expected to account for the highest market value share in the global hearing aids market by 2024 end, followed by the Europe hearing aids market. The Europe hearing aids market is estimated to account for 28.0% revenue share by the end of 2016. Leading market players are focusing on developing innovative products through robust R&D initiatives to expand their product portfolio and are adopting advanced technologies to provide better solutions to patients. Some companies are also entering into strategic collaborations with other leading market players to develop innovative products and expand their geographical presence. Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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