Over-the-counter (OTC) hearing aids are regulated by the FDA and offer a one-size-fits-most solution to mild hearing loss. They are created as an introduction to hearing technology and wearing an OTC device may help consumers with early signs of hearing loss better understand their needs.
When Sonova Holding AG gained control of Phonak Hearing Products, it became a big deal for the hearing industry. In a matter of weeks, Phonak gained access to a nearly unlimited number of resources for their future products. Sonova Holding AG owns a sizable portion of the hearing aid market, and their technology decisions hold a lot of weight.