Sonova, WS Audiology, and Demant A/S dominated the Asia-Pacific Hearing Aid Market in 2022

The Asia-Pacific Hearing Aid Market is expected to grow with a CAGR of 9.7% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below.

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The Asia-Pacific hearing aid market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to a favorable market scenario.

The major players dealing in the Asia-Pacific hearing aid market are introducing a wide range of products along with adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition into the market. This helped the companies to maximize sales with an enhanced product portfolio.

For instance:

• In August 2022, Phonak, a Brand under Sonova Group, announced the launch of its next generation of hearing aids which is powered by its latest Lumity platform. This set of products is the upgradation to the previous one. This helps the company to increase its offering in the market.

Sonova is dominating the Asia-Pacific hearing aid market. Some of the manufacturers operating in the market are GN Hearing, Arphi, Cochlear Ltd., MED-EL Medical Electronics., RION Co., Ltd., Medtronic, Eargo Inc., Natus Medical Incorporated, Beltone Group, Zounds Hearing, Amplifon, ALPS, Starkey Laboratories, Inc., Unitron. , Bernafon, Sonic Innovations, Inc., Austar Hearing Science and Technology (Xiamen) Co., Ltd., and Boston Scientific Corporation among other domestic and players.

Sonova

Sonova was founded in 1947 and is headquartered in Stäfa, Switzerland. The company is engaged in the innovation and development of hearing care solutions, including personal audio devices, wireless communication, audiological care services, hearing aids, and cochlear implants. The company offers product categories such as hearing instruments, consumer hearing, cochlear implants, and audiological care, where hearing instruments is the market-focused category.

For instance,

• In December 2022, a Subsidiary of Sonova, Sonova Holding AG, a leading provider of hearing care solutions, announced that it had successfully completed the acquisition of the HYSOUND Group. This helps the company to expand its offering to the Chinese market.

The company has a presence across North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

WS AUDIOLOGY A/S

WS Audiology A/S was founded in 2019 and is headquartered in Lynge, Denmark. The company is engaged in developing technologies and providing products and solutions for hearing, including hearing aid devices and other sound devices. The company offers product categories such as Signia, Widex, A&M Hearing, Audibene, Audio Service, bloom, Coselgi, hear.com, HearUSA, HearCANADA, Rexton, SHOEBOX, TruHearing, and Widex Hearing Specialists Signia, where Signia, Widex, TruHearing are the market focused product categories.

For instance,

• In October 2022, Widex, a brand under WS Audiology, won the 2022 GOOD DESIGN AWARD winner for the new Widex MOMENT Sheer hearing aid solution. This award also includes its design for chargers and jewel case, redesigned TV PLAY, and their presentation boxes. This helped the company to increase its market presence.

The company has a presence across Europe, North America, Asia-Pacific, Middle East and Africa, and South America.

Demant A/S

Demant A/S was founded in the year 1904 and is headquartered in Smørum, Denmark. The company is engaged in developing technologies in the healthcare field, especially focusing on hearing care services. The company offers product categories such as hearing care, hearing aids, hearing implants, diagnostics, and communications, where hearing aids is the market-focused category. Their subsidiaries are Oticon (Denmark.), Interacoustics A/S (Denmark.), Bernafon (Switzerland.), Grason-Stadler, Inc. (U.S.), and Oticon Australia Pty. Limited among others.

For instance,

• In November 2022, Demant A/S announced the launch of new hearing aids under the brand Oticon. This new product range is named Oticon More. This helps the company to increase their product offering in the market.

The company has a presence across Europe, North America, Asia-Pacific, Middle East and Africa, and South America.