Why are hearing aids so expensive? Melofair

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Why are hearing aids so expensive?Melofair
https//melofair.com/
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Hearing Aid

• If you have hearing problems, then this could
  lead to many difficulties but that does not mean
  that you do not have ways to deal with it, you
  will be able to deal with it by wearing hearing
  aids and protection gears are the vital things,
  which also demands you to know everything about
  hearing projection gears and aids.
• Melofair is the best hearing aid on the market
  because it offers you the best value for your
  money. Its an affordable hearing aid that is
  both stylish and discreet. It looks more like a
  Bluetooth device than a hearing aid! Unlike many
  other hearing aids, it is also completely
  wireless.
• If you think hearing aids are too expensive,
  visit Best hearing Aid in the market and we may
  be able to help you bring that cost down

https//melofair.com/
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The Reasons Why Hearing Aids Are So Expensive

• Research and development
• Customization
• A small market
• Battery type
• A Manufacturing Monopoly

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Research and development

• Much of the cost is due to the research and
  development effort required to continuously
  improve the technology that supports your hearing
  aid. Each year, the hearing aid industry spends
  hundreds of millions of dollars to make your
  hearing aid smaller, more powerful, and sound
  more natural.

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Customization

• Many special hearing aids must be made
  specifically for your ear. Installation of
  individual hearing aids requires skill, time and
  effort, which also makes hearing aids more
  expensive.

• Many special hearing aids must be made
  specifically for your ear. Installation of
  individual hearing aids requires skill, time and
  effort, which also makes hearing aids more
  expensive.

https//melofair.com/
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A small market

• Approximately two million hearing aids have been
  sold in the United States. That sounds like a
  lot, but when you consider that there are
  approximately 319 million people in the US, a few
  million hearing aids sound like a drop in the
  bucket. In fact, less than 1 of the US
  population buys hearing aids each year. Of
  course, when you combine the high costs of
  developing hearing aids with the small market for
  them, the price will be high.

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Battery type

• Hearing aids with rechargeable batteries tend to
  have a higher initial cost than models with
  single-use batteries. However, rechargeable
  batteries can save you hundreds of dollars in the
  long run.

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A Manufacturing Monopoly

• One of the reasons for the high cost of hearing
  aids is that a very small group of companies,
  about six manufacturers globally, control 98 of
  the hearing aid market. Most providers of hearing
  aids maintain contracts with only two or three of
  those manufacturers, leaving consumers without
  many options.

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THANKS!

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