Market
UK hearing instrument sales slip from Q1 high as NHS buy-in drops 25%
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- Published on 12 September 2023
hearing aid sales
Q2 2023 figures from the British Irish Hearing Instrument Manufacturers Association (BIHIMA) underline the mercurial character of the UK hearing market, one dominated by orders from the NHS...and those orders fell dramatically in the second quarter of this year.
GN CEO steps down as group shifts to "fully integrated innovation powerhouse" governance structure
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- Published on 06 September 2023
manufacturers
The Danish hearing giant GN Group has announced a management shake-up that will see a compact executive across its businesses led by Peter Karlstrome ras CEO, who takes over from the departing Gitte Aabo.
Demant's healthy H1 hearing business is at the heart of its interim financial report
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- Published on 17 August 2023
financials
Demant has published a 2023 Interim Report of 17% H1 revenue growth, a rate the group owes to its strong performance in the hearing healthcare segment. The report underlines the current stability of the hearing aid market.
Is eyewear giant EssilorLuxottica the big visionary that will shake up the hearing aid market?
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- Published on 10 August 2023
market developments
Potential shake-ups of the hearing device market are coming slick and fast. Team-ups between traditional manufacturers and consumer electronic firms such as Sony, HP, and Sennheiser are bringing a rush of stigma-busting earbud hearing aids and lower-priced over-the-counter self-fitting instruments.
Hearing aid sales grew in Europe in 2022. Is this because of greater awareness of hearing health?
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- Published on 18 July 2023
market strength
Europe's biggest hearing aid manufacturers announced sales of 20.25 million units in 2022. Is this stable demand - 4.7% growth on 2021 - the result of growing awareness of hearing care benefits?
Innovation, digitalisation, and jobs! €350m EIB loan brings massive boost to Amplifon in its EU territories
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- Published on 18 July 2023
investment
The EU-back European Investment Bank (EIB) is to provide a loan of up to €350m to help the Italian hearing retail giant Amplifon accelerate its innovation and digitalisation process, with benefits for the customer experience.
GN sells off its Portuguese retail business BelAudição for USD72.9m
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- Published on 30 June 2023
M&A
GN has signed an agreement to divest BelAudição, owner of the leading retailer of hearing aid solutions in Portugal, AudiçãoActiva, to MCH Private Equity.
UK competition body chops up Oticon-Cochlear merger "to protect patients and the NHS"
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- Published on 23 June 2023
mergers
The UK's Competition and Markets Authority (CMA) has stood in the way of a full divestment of Demant's Oticon Medical cochlear implant business to the Australia-based firm Cochlear.
Sonova launches its first OTC hearing aid with an "In-Clinic Care Package" Option. Its intention is clear all day long.
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- Published on 21 June 2023
OTC
For the OTC-ologists predicting that all big hearing aid manufacturers will eventually take the plunge and launch over-the-counter devices, June 20 of 2023 was one of those days when a special sighting was reported.
Chip champ Intel sets up Jordan pilot to streamline and democratise hearing aid access through 3D printing
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- Published on 14 June 2023
accessibility
Tech giant and chip champion, Intel, is busy with several projects aimed at increasing access to assistive devices and improving their integration with other technologies.
