Yesterday's announcement by Siemens that it will spin off its audiology and hearing instrument business as a separate, new publicly held company could be great news for the global hearing aid industry -- but only if an independent, newly energized management team can overcome the complacency that has dogged the Siemens hearing business in recent years. If the new entity … [Read more...] about An Independent Siemens Hearing Aid Business Could Be Great For The Hearing Industry
Financial Performance
Leading Suppliers Gain Market Share In Slow-Growth Hearing Aid Industry
Three of the world's biggest hearing aid manufacturers are all claiming market share increases in a global industry that has rebounded from last year's slowdown but that still is only seeing single-digit growth in units sold and, because of lower prices, even slower growth in overall revenue. Sonova Holding AG, the world's biggest hearing aid maker and parent of the Phonak … [Read more...] about Leading Suppliers Gain Market Share In Slow-Growth Hearing Aid Industry
Oticon Hearing Aids Owner William Demant Reports 9% Unit Sales Growth, Outpacing Sluggish Global Market Growth
Zero revenue growth for the global hearing aid market in 2012? That's among the nuggets in the good-news-bad-news first-half financial report from William Demant Holding A/S, parent of the Oticon and Bernafon hearing aid brands. The good news is the company saw a nine percent increase in unit sales of its hearing aids in the first half of its fiscal year. The bad news is … [Read more...] about Oticon Hearing Aids Owner William Demant Reports 9% Unit Sales Growth, Outpacing Sluggish Global Market Growth