Jul, 18 2019

THE SONOVA, WILLIAM DEMANT HOLDING A/S AND SIVANTOS PTE. LTD are dominating the Global Hearing Aids Market in 2018

THE SONOVA

The company was founded in 1947, headquarter in Switzerland. The company is involved in innovating and manufacturing of hearing solutions. The main business segments of the company are Hearing instrument segment and cochlear implants segment. The revenue of the company is USD 2799.2 Million. Number of employees is 14238. The company has global presence in EMEA, Americas, and Asia Pacific

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In January 2018, SONOVA and the brands of the company together Phonak and Advanced Bionics announced the introduction of new MultiBeam Technology a microphone technology used in the hearing aid and provides the better hearing capability in the noise and provides better speech recognition.

WILLIAM DEMANT HOLDING A/S

The company was founded in 1904, headquarter in Denmark. Company is involved in providing. The company is involved in offering various products for the optimal solution of the users. The main business segments of the company are as hearing devices, diagnostic instruments, hearing implants and personal communication. The revenue of the company is USD 2215.30 Million. Number of employees is 13280. The company has global presence in Americas, Europe, Asia-Pacific, other countries

In August 2018, William Demant Holding A/S and Koninklijke Philips N.V. (Netherlands) entered into a partnership in hearing healthcare. This strategy would help the company to expand their company and enhance the customer base.

Sivantos Pte.Ltd

Sivantos PTE Ltd. was founded in 1878 and headquartered in Singapore, The Company provides the hearing aids of different brands such as Signia, A&M, Audio Service and Rexton, The main business segments of the company is hearing aids. The revenue of the company is USD 1299.1 Million. The company has global presence in France, Germany, U.S., Canada, Brazil, South Africa, India, China, Netherlands, Poland, UK and others.

In December 2018, Sivantos Pte. Ltd announced the strategic partnership with Clearwater Clinical Limited (Canada). The partnership will expand the audiologists with innovative audiometer improves customer experience.

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