CVS, one of the largest healthcare and pharmacy chains in the US, has announced the closure of all of its hearing centres in the US. With the over-the-counter/OTC hearing aids regulation set to become law in 2020, the requirement of hearing loss testing and support care would be done away with and thus there would be no need for an audiologist in the new set-up, the company said. Also, as lower-priced products would dominate the market, dedicating space in stores to audiologists won’t m
14 Mar 2019
CVS exits the hearing aids retail space
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CVS exits the hearing aids retail space
Sonova Holding AG (0QPY:LON) | 0 0 0.7% | Mkt Cap: 9,662m
- Published:
14 Mar 2019 -
Author:
Sumit Sayal -
Pages:
2
CVS, one of the largest healthcare and pharmacy chains in the US, has announced the closure of all of its hearing centres in the US. With the over-the-counter/OTC hearing aids regulation set to become law in 2020, the requirement of hearing loss testing and support care would be done away with and thus there would be no need for an audiologist in the new set-up, the company said. Also, as lower-priced products would dominate the market, dedicating space in stores to audiologists won’t m