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Corporation
HEALTHCARE | Medical Devices & Equipment / Therapeutic Devices
wsa.com

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Founded Year

2019

Stage

Corporate Majority | Acquired

About Sivantos

WS Audiology, formed through the merger of Sivantos and Widex, combines more than 140 years’ experience in pioneering the use of technology to help people with hearing loss hear the sounds that make life wonderful.

Sivantos Headquarter Location

Nymøllevej 6

Lynge, 3540,

Denmark

+45 44 35 56 00

Latest Sivantos News

Worldwide Hearing Aid Industry to 2026 - Key Players Include Sonova Holding, Sivantos and Cochlear Ltd Among Others

Jul 16, 2021

The global hearing aid market exhibited moderate growth during 2015-2020. A hearing aid is a small battery-powered electronic device that is used to improve hearing and is worn in or behind the ear. It is used to amplify the sounds to listen, communicate and participate in the daily activities by individuals with low hearing abilities. A hearing aid consists of an amplifier, microphone and a speaker that magnifies sound vibrations entering the ear, perceive larger vibrations and convert them into neural signals that are passed into the brain. The devices are available in a wide range of designs and are customized according to the requirements of the user. For instance, the device may have analog or digital technology for amplification of sound or have earpieces or earmolds to direct the flow of soundwaves and enhance the output quality. The rising geriatric population across the globe is one of the key factors driving the growth of the market. Old age is often characterized by a gradual hearing loss, which increases the product demand from this section of the population. Furthermore, there has been a significant increase in the incidence of hearing disabilities among the masses. A significant number of cases, especially that of infants, remain untreated, which then results in various psychological and speaking disabilities. Additionally, the introduction of aesthetically appealing designs, coupled with the launch of innovative product variations such as waterproof hearing aids, is also contributing to the market growth. The implementation of digital technology coupled with the introduction of products that integrate cochlear implant and hearing aid technology to overcome the high-frequency hearing loss is expected to further create a positive outlook for the market. Other factors such as rising noise pollution levels, growing cases of birth complications and ear infections, increasing disposable income and enhanced focus on research and development (R&D) by manufacturers are also expected to drive the market growth. Looking forward, the publisher expects the global hearing aid market to grow at a CAGR of around 6% during 2021-2026. Report Coverage: Market Breakup by Product Type: Hearing Devices BAHA Implants The market has been bifurcated on the basis of the type, which includes hearing devices and hearing implants, wherein hearing devices are the most popular product type, which has been further categorized as behind-the-ear (BTE), receiver-in-the ear (RITE), in-the-ear (ITE), canal hearing aids (CHA), and others. Market Breakup by Hearing Loss: Sensorineural Hearing Loss Conductive Hearing Loss Market Breakup by Patient Type: Adults Pediatrics On the basis of the patient type, the market has been segregated into adults and pediatrics. Currently, hearing aids are most commonly bought for adult patients. Market Breakup by Technology Type: Analog Digital The report has analyzed the market according to the technology type, which mainly consists of analog and digital. Market Breakup by End-User: Latin America On the geographical front, the market has been divided into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, Europe represents the largest market for hearing aids, holding the majority of the total market share. Competitive Landscape: The report has also analyzed the competitive landscape of the market with some of the key players being Sonova Holding AG, Starkey, MED-EL, William Demant Holding A/S, Widex A/S, Sivantos Group, GN Store Nord A/S, Cochlear Ltd, SeboTek Hearing Systems LLC, ReSound Group, AGX Hearing, Audina Hearing Instruments, Lisound, Banglijian, Glaxosmithkline, Benson Hearing, etc. Key Questions Answered in This Report: How has the global hearing aid market performed so far and how will it perform in the coming years? What are the key regional markets in the global hearing aid industry? What has been the impact of COVID-19 on the global hearing aid industry? What is the breakup of the market based on the product type? What is the breakup of the market based on the hearing loss? What is the breakup of the market based on the patient type? What is the breakup of the market based on the technology type? What is the breakup of the market based on the end-user? What are the various stages in the value chain of the global hearing aid industry? What are the key driving factors and challenges in the global hearing aid industry? What is the structure of the global hearing aid industry and who are the key players? What is the degree of competition in the global hearing aid industry? Key Topics Covered:

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Sivantos Patents

Sivantos has filed 252 patents.

The 3 most popular patent topics include:

  • Hearing aids
  • Hearing
  • Audiology
patents chart

Application Date

Grant Date

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Related Topics

Status

4/7/2020

7/20/2021

Audio engineering, Electronic circuits, Electronic amplifiers, Sensors, Transducers

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7/20/2021

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Related Topics

Audio engineering, Electronic circuits, Electronic amplifiers, Sensors, Transducers

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Status

Grant

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