INND - InnerScope Hearing Technologies Inc. (INND) Completes Key Acquisitions as Hearing Aid Market Poised for DTC Transition in 2022
- The World Health Organization estimates by 2050 nearly 2.5 billion people will have some degree of hearing loss and at least 700 million will require hearing rehabilitation
- InnerScope Hearing Technologies has made transformational moves in 2021 to position itself as a leader in direct-to-consumer (“DTC”) sales of hearing aids and related products
- InnerScope recently acquired Hearing Assist II, Walmart’s largest hearing aid provider, and iHEAR Medical, the maker of the only FDA-cleared home hearing screener, setting up for what expects to be a record Q4 2021
As our homes have become our offices, schools, restaurants, and more throughout the coronavirus pandemic, they have also become our shopping centers, with direct-to-consumer (“DTC”) sales enjoying another banner year in 2021. Growing consumer familiarity coupled with new technologies is wending way for emerging markets, an opportunity that is squarely in the sights of InnerScope Hearing Technologies (OTC: INND), a DTC manufacturer and distributor of FDA-registered hearing aids, hearing assistive devices, hearing health-related products, and Personal Sound Amplifier Products (“PSAPs”).
Hearing issues represent a substantial market in the U.S. and globally. Roughly 1 in 8 Americans over the age of 12 has hearing loss in both ears. At the macro level, the...
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