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[US] AI-Based Hearing Aid System with Bone Conducting Headphones

[Category : - ELECTRONICS]
[Viewed 60 times]

[US Patent App # 18/623,154]
Hearing loss, a common challenge associated with aging, affects a significant portion of the global aging population. The proposed hearing aids system aims to address this by offering smart and yet affordable solutions through bone-conducting headphones. The system not only amplifies sounds, but also records voices and allows user interactions with recorded voices. The system architecture allows flexible configurations, incl. a baseline setup to leverage existing BlueTooth headphones in the market through mobile apps, a headset model to allow basic on-device controls, and an advanced headset model to allow advanced on-device experiences for paraphrasing, summarization, and translations. In addition, the hearing aid system also provides privacy safeguards for bystanders through an LED indicator during active recording, and circular memory buffers within the system.

Financial information

Potential size of opportunity
* Gradual hearing loss is a typical physical challenge due to aging.
- Within the US, ~15.5% of adults aged 20 and older, i.e. ~44.1 million people, experience some level of hearing loss.
- Among individuals aged 65 and older, 31.1% have hearing loss.
- This percentage increases to 40.3% for adults aged 75 and older.

* The U.S. hearing aids market has been growing steadily.
- As of 2022, the U.S. hearing aids market was valued at USD 3.87 billion.
- By 2030, it is estimated to reach an impressive USD 7.01 billion.

* Cost of hearing aids in US
- The average price for one hearing aid is around USD 2,300, with the cost per ear commonly in the range from USD 1,000 to 4,000.
- Since most people require a pair of hearing aids, the total cost would be double of this range.
- Follow-up appointments, maintenance, and batteries could add further costs.

Patent publications:

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Asking price:

Above 1 million USD

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Seller:

shijuns (United States)

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