Market

How major hearing aid manufacturer Demant is riding the COVID-19 roller coaster

 

financial

© mojkan- iStock

One of the world's leading hearing health instrument producers, the Danish giant Demant, has been revealing the shaking it has taken as a result of coronavirus lockdowns in its global marketplaces. However the wound is dressed, it's a scary gash, and Demant is understandably chary on a detailed prognosis for the market.

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EUHA 2020 cancelled

 

crisis

© EUHA/AWN

The coronavirus crisis has claimed its biggest audiology events victim to date: the organisers of the annual EUHA congress have accepted the virtual "impossibility" of going ahead with the 2020 gathering in Hannover, today announcing its cancellation.

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Surgery delayed by crisis will impact child cochlear implant cases long term

 

implant surgery

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Children born with hearing difficulties will suffer life-long issues if elective surgery restrictions under coronavirus measures delay their cochlear implant operations, the CEO of Cochlear Ltd has warned.

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Europe's hearing aid manufacturers message the world on pandemic

 

 

© EHIMA

On behalf of all EHIMA member companies, the European Hearing Instrument Manufacturers Association (EHIMA) has issued a statement on the coronavirus pandemic via its President, Søren Nielsen, which we post in full.

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The UK's Coronvirus Business Interruption Loan Scheme

 

crisis loans

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As part of measures to compensate domestic businesses affected by coronavirus strategies, the UK government has fast-tracked its loan proposal for businesses.

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AAA 2020 Conference officially cancelled

 

coronavirus

© AAA

Disruption caused by the spread of coronavirus now includes the official cancellation of the 2020 American Academy of Audiology Conference and HearTech Expo. The AAA's Board of Directors unanimously called off the event on Wednesday, March 11. 

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Advanced Bionics recalls cochlear implant devices following reports of decreased performance

 

CI market

© Sonova

In what it has called "an abundance of caution", Sonova's US  Advanced Bionics (AB) brand has retrieved a limited number of its unimplanted HiRes Ultra and Ultra 3D cochlear implants (CIs), replacing them with a new, recently approved version of the device.

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Coronavirus fears begin to hit hearing device market

 

market fears

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As fear and panic over a potential coronavirus pandemic send share values into free fall generally, the Australian cochlear implant producer, Cochlear, has blamed the health scare for having to cut its full-year profit forecast.

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InnerScope looks to private investment to fund its "disruption" of the US hearing aid market

 

retail

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InnerScope Hearing Technologies' promised over-the-counter onslaught on the US hearing aid market requires a $15m investment which, says the company, will be found from private placement offerings.

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Survey shows US growth for rechargeable hearing aids

 

surveys

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A small survey it may be, with completed forms from just 225 audiologists, but almost 70% of respondents in the 2020 Audiology Professional Dispensing Survey agreed with the statement that they dispensed “significantly more” rechargeable hearing aids in 2019 than in 2018.

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