Startups FDA decision to allow over-the-counter hearing loss technology will...

FDA decision to allow over-the-counter hearing loss technology will be a catalyst for innovation – ukbusinessupdates.com

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The hearing loss The market has long been dominated by a handful of legacy players with little incentive to innovate due to outdated regulations and social stigma. But a new ruling from the US Food and Drug Administration could revolutionize the market by boosting competition, giving startups a greater chance of success in this sector.

On Monday, the FDA announced that hearing aids and other hearing technology can now be sold without a prescription. This puts an end to a system that mandated a prescription, which resulted in high costs due to low competition – not to mention the time-consuming and difficult-to-navigate work for patients. Founders and audiology insiders believe this decision will be a catalyst to bring better products and care to people with hearing loss.

Nicholas Reed, a professor at Johns Hopkins University and a researcher at the intersection of audiology and public health, said this statement will be monumental in driving innovation in space.

Shreya Christinahttp://ukbusinessupdates.com
Shreya has been with ukbusinessupdates.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider ukbusinessupdates.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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