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
hearing aid industry
Advanced Bionics To Settle Majority Of Outstanding Cochlear Implant Claims
Sonova Holding AG announced that its Advanced Bionics (AB) cochlear implant subsidiary signed agreements settling the majority of current liability claims related to product malfunctions, eliminating much the uncertainty surrounding the financial impact outstanding civil suits would have on its financial results over the coming year. Among the claims was a highly publicized … [Read more...] about Advanced Bionics To Settle Majority Of Outstanding Cochlear Implant Claims
HearUSA Banks On Exclusive AARP Contract To Put Hearing Aids In Millions Of U.S. Baby Boomers’ Ears
HearUSA may have found its key to success in retail sales of hearing aids with its exclusive contract with AARP, the 40-million member organization for Baby-Boomer Americans aged 50 and above. In its second-quarter financial report this week, HearUSA said the nationwide roll-out to AARP members that began early this year helped account for a nine percent increase in sales over … [Read more...] about HearUSA Banks On Exclusive AARP Contract To Put Hearing Aids In Millions Of U.S. Baby Boomers’ Ears
The Seven Sisters of the Hearing Aid Industry
When you start thinking about buying a hearing aid, the choices can be dizzying. On first look, you would think there are hundreds of manufacturers. The reality is simpler. While there are scores of name brands, in fact only seven manufacturers control about 90 percent of the worldwide market for hearing aids. … [Read more...] about The Seven Sisters of the Hearing Aid Industry