Market

Steady growth expected in audiology market

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Published on 16 July 2013

The global audiological devices market was valued at $6.2 billion (US) in 2011 and is expected to grow at a Compound Annual Growth Rate of 4.9% from 2012 to 2018 – an estimated value of $8.6 billion by 2018, according to a new market report published by Transparency Market Research.

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Siemens acquires Turkish distributor Duysan

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Published on 14 May 2013

Siemens has acquired Duysan Audiology, one of the most important players in the Turkish healthcare industry, and specialist in hearing aids. The company, which has been a Siemens distributor for hearing aids since 2003, will now operate under the name Siemens İşitme Cihazları San. ve Tic. A.Ş.

Located in Istanbul, Duysan Audiology has five branches in İstanbul, Izmir, Ankara, Bursa and Amasya and employs nearly 40 people.

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Advanced Bionics waterproof CI Sound processor receives approval

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Published on 10 April 2013

Advanced Bionics (AB)announced that it received approval by the Therapeutic Goods Administration (TGA) for Neptune™, the world’s first and only swimmable, waterproof cochlear implant sound processor in Australia.

Warranted for use in oceans, lakes and rivers in addition to pools, baths and showers, Neptune is designed to help cochlear implant recipients hear both in and out of the water. Recipients will no longer have to enclose their processor in a bag or remove it when they swim or bathe, which means they will not miss out on important safety instructions and opportunities for language development because they are not hearing at that time. Parents of pediatric Neptune recipients will appreciate

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William Demant purchases French cochlear implant firm, Neurelec

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Published on 04 April 2013

On the 2nd of April, Danish holding company William Demant announced that it has purchased 100% of the shares in French firm Neurelec SA. The total cost of the acquisition was 57.5 million euros.

With this acquisition, the holding company, which also owns the Oticon, Oticon Medical, Bernafon and Sonic Innovations brands amongst others, reiterates its aim of expanding

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New sound processor awaiting regulatory approval

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Published on 27 March 2013

Advanced Bionics (AB), a global specialist in cochlear implant technology has announced that its next-generation behind-the-ear sound processor is now awaiting regulatory approval. Recipients in the United States, Canada and Europe who choose AB will soon have the option to select the next processor and hear with the latest technology when it is available, according to a company statement.

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Phonak Brings Home Gold

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Published on 21 March 2013

Phonak has been honored with the prestigious Gold Stevie Award for business excellence. The award recognizes companies for their achievements in sales, business development and customer service worldwide. Tara O’Dell, Phonak Director of Customer Care, accepted the top honors in the “Customer Service Team of the Year – Recovery Situation” at the annual awards held in Las Vegas February 25.

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Amplifon: Brilliant growth recorded in North America

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Published on 13 March 2013

The Amplifon Group posted results which were up slightly with respect to the prior year, which was the best year in the Group’s history. The consolidated revenue for the year reached Euro 846.6 million at December 31st, 2012 with an increase of 2.3%. That was achieved thanks to the brilliant growth recorded in North America (+14.2%),

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2012: Highest sales in a decade

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Published on 11 March 2013

What an impressive year for hearing aid sales in the UK. The total market increased by 7%, with a remarkable 1,221,602 hearing aids being sold by hearing aid manufacturers during 2012. This is the second year on the trot that the UK has experienced a pretty strong sales performance!

Sales to hospitals during the year increased by 7.7%; breaking through

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Not all Canadians seniors get hearing aid subsidies

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Published on 05 March 2013

Hearing aid subsidies are not created equal in Canada. An investigation by the CBC has found that Manitoba is falling behind other provinces when it comes to subsidizing hearing aids for seniors who are not on income assistance. Eight Canadian provinces and territories provide some level of subsidy for hearing aids, which can cost anywhere from $1,500 to more than $8,000 for seniors who do not qualify for income assistance. In Manitoba, only those under 18 qualify for a payment of 80% of the cost. Some Manitobans, like Veterans and aboriginal Canadians, are covered

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FDA gives approval for ABI clinical trial

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Published on 26 February 2013

The United States Food and Drug Administration (FDA) has given final approval to begin a clinical trial of an Auditory Brainstem Implant (ABI) procedure for children. The trial is a surgical collaboration sponsored by the House Research Institute in partnership with Children’s Hospital Los Angeles and Vittorio Colletti, MD of the University of Verona Hospital, Verona, Italy.

The ABI was developed at the House Research Institute and is

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