With the release of the Starkey Evolv AI, Starkey Hearing Technologies is setting a new precedent in the hearing device industry and illustrating the importance of technological innovation within the market. Keep reading to dive deeper into the Evolv AI hearing aid platform, the company as a whole and what the future has in store for the global hearing device market.
About the Company:
Starkey Hearing Technologies is a mainstay in the hearing device market and was the second-leading competitor in the global hearing device market in 2021. The company is known for its versatility in product offerings and its willingness to be innovative by consistently creating new advancements within the industry. Overall, Starkey is recognized as a leader in the hearing aid industry, and its focus on innovation and philanthropy has earned it a reputation as a socially responsible and forward-thinking company.
About the Product: Evolv AI Hearing Aid Platform
The Starkey Evolv AI is an unprecedented AI hearing aid platform developed by the industry-leading company, Starkey Hearing Technologies. The company has taken advantage of the rapid growth and development of AI technologies to create hearing aids with a platform that uses both Artificial Intelligence and Machine Learning. The hearing aid has several advanced capabilities, including the ability to adapt to the wearer’s listening environment in real-time. Additionally, the Evolv AI platform offers features such as voice commands, fall detection, and health tracking. Users can also connect their hearing aids to a mobile app, which allows them to control the hearing aid settings and, among other features, stream audio from their devices, including TV, music, and podcasts.
Another interesting feature of the Starkey Evolv AI is its ability to combat one of the main limitations within the hearing aid market, which is aesthetic concerns. Many patients have cited the urge to avoid the use of hearing aids to conform to certain perceived social and aesthetic pressures. However, the Starkey Evolv AI is able to negate this limitation by providing in-ear solutions that are barely noticeable to the average person. The level of customizability, along with the extensive advancements through the use of AI and Machine learning, make the Starkey Evolv AI a groundbreaking new attraction within the hearing aid market that is almost certain to cause some shifts within the industry.
About the Global Hearing Aid Market:
With consistent technological advancements and attention to innovation, the Hearing Aid Device market itself is projected to grow at a steady rate in the coming years. Whilst the mainstay companies Starkey and Sonova continue to lead the industry in market share, other small companies are beginning to break through, which illustrates the diverse product offering in the market. For more information and key insights on the Global Hearing Aid Market, including unit sales, ASPs, market size and growth trends, as well as procedure numbers and market forecasts at a regional level internationally, be sure to check out iData’s newest 2022 Global Hearing Device Market Report Suite, which includes an entire chapter dedicated to the Hearing Aid Market.
In conclusion, the Starkey Evolv AI hearing aid platform represents a significant advancement in the hearing device industry, thanks to its cutting-edge AI and machine learning technologies. With its impressive features and ability to combat aesthetic concerns, this hearing aid is poised to make a lasting impact on the market. Starkey Hearing Technologies continues to set a precedent for innovation within the industry, while smaller companies are also beginning to make strides. As the hearing aid market grows and evolves, it will be fascinating to see how companies continue to innovate and improve their offerings to meet the needs of patients worldwide.
- Starkey Hearing Aids (2023): https://www.starkey.com/hearing-aids/evolv-artificial-intelligence-hearing-aids
Starkey Unveils All-New, Completely Redesigned, Hearing Technology (2023): https://www.globenewswire.com/en/news-release/2023/02/28/2617498/0/en/Starkey-Unveils-All-New-Completely-Redesigned-Hearing-Technology.html
iData Research Global Hearing Device Market (2023): https://idataresearch.com/product/global-hearing-devices-market/