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| Roger Radke |
Siemens Audiology Solutions CEO Roger Radke says that the company will open 120 retail stores in each of the next 3 years, according to a report in Chinadaily.com.cn. With a reported market share of over 50% in China, Siemens is said to have 1,000 stores and 2,000 fitting centers in the country, covering all of the first-tier cities and 90% of the second-tier cities. Radke says the Chinese hearing aid market is expected to experience double-digit growth in the next 5-10 years due to the fact that it has 180 million people over age 60 and a 5% market penetration (compared to the 20-25% global market).
Full story at: http://www.ecns.cn/business/2013/11-28/90361.shtml
