Why are OTC Hearing Aids More Cost-Effective Than Traditional Hearing Aids

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Many people who have begun to experience hearing difficulties as they get older are often shocked to discover the price of traditional prescription hearing aids. With most models costing thousands of dollars, a prescription hearing aid is often out of reach for those struggling with their hearing.

However, an Otofonix hearing aid offers a far more wallet-friendly solution to hearing problems at a fraction of the price of traditional prescription hearing aids. Otofonix has been helping customers regain their hearing confidence and sense of independence for many years with great value hearing devices. If you’re considering buying an over the counter hearing aid rather than a prescription hearing aid, you may be wondering why they are more cost-effective.

In this article, we’ll discuss the differences between the two devices so that you can understand why so many people with hearing problems are turning to Otofonix hearing aids for excellent quality sound at a much more affordable, lower price.

Competition

There are only 6 major traditional prescription hearing aid manufacturers in the world, and they have collectively set their prices very high.  They then sell their products to audiologist and hearing aid dealer who, on average, mark-up these devices 120-200% over the inflated wholesale price. This is one reason why traditional prescription hearing aids are so very expensive by the time they reach you, the consumer.

Traditional prescription hearing aids and the more expensive OTC hearing aids use the same digital technology. OTC hearing aids not only look the same, but their internal components are the same.  Just like automobile manufacturers, the Big-6 consortium of major traditional prescription hearing aid manufacturers assemble hearing aids – they do not make the components that go into their devices. Seven large companies who make the parts also supply the same components to OTC hearing aid manufacturers.  There is no difference in the level of quality.

Additional features

Traditional prescription hearing aids have many complicated, modern features that all come at a premium cost. Manufacturers have spent time and money making the devices much smaller and providing them with features such as Bluetooth, remote controls and even wireless integration.

These features can significantly increase the price of a traditional prescription hearing aid and can also make them difficult to set up and learn how to use. As a more affordable, easy alternative, a growing number of people experiencing mild to moderate hearing problems are opting for a cost-effective hearing aid from Otofonix instead.

To find out more about our range of hearing amplifier devices, get in touch with our customer care team today. We’re here to help you discover how a hearing aid from Otofonix can give you crystal clear sound at a fraction of the price of even the most basic traditional prescription hearing aid.

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