Brent Lucas, CEO of Envoy Medical, highlights the lack of innovation in hearing aids and the need to better address hearing health. Envoy has developed fully implanted hearing devices that provide 24/7 hearing assistance without the need for daily recharging of the battery.  With the introduction of over-the-counter hearing aids and the advanced Apple AirPods Pro 2, customer options have been expanded, making it easier to address some forms of hearing loss. Implanted devices eliminate the limitations of external hearing aids and reduce the impact of hearing loss on their daily lives.

Brent explains, "Part of the problem in the hearing loss industry has been that it's not well understood. So there has not been a great deal of competition and innovation in the hearing loss world. Most of us have thought about hearing loss and how it's addressed by looking to our grandparents, the elders. Plenty of people joke about our dads or our grandfathers not being able to hear our grandmothers. When I tell people I'm in the hearing industry, the first thing that they say is, I can't hear you. And I always fall for it. And I say, I'm in the hearing industry, and they come clean that it was a joke. At the end of the day, there are unmet needs in finding solutions for people that are not just the status quo. That's really where Envoy Medical is building products that are fully implanted, in a sense, a better life because they're not tied to their hearing loss."

"Right now, the current solutions on the market are all external products that need to be taken off at night or around water in the shower, during strenuous activity, working out, sweating too much, that sort of thing. You have to take your external device off. Our devices are fully implanted, meaning you can be capable of hearing 24/7, hearing all day, every day. We think that's the right thing to do for a patient because your hearing loss, after all, is a 24-hour problem. It shouldn't be that your solution is only on for part of the day." 

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