IntriCon, a major value-based hearing device and PSAP developer and manufacturer, announced revenues of $116.5 million in 2018, up 28.5% from $90.6 million in 2017. The company sees continued growth ahead, as its President and CEO Mark Gorder predicts FDA guidance on over-the-counter hearing devices by the end of this year, with final OTC regulations by the first half of 2020.
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Following a similar pattern to 2017, NHS sales in Q4 were considerably above the rest of the year in terms of quantity, according to the BIHIMA report. The BIHIMA reports NHS sales were down 0.3% from the same period last year, though private sales continued their strong performance with hearing instrument sales up 5.2% from the same period last year.
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All of InnerScope’s eCommerce DTC hearing aids are said to be professionally adjusted and personalized to each individual’s hearing and lifestyle profile through its exclusive “Tele-audiology Customer Service Program” (“Tele-audiology”).
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Feel like the year slipped away from you too quickly? Here’s a roundup of the top news items featured in ‘The Hearing Review’ during 2018.
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Following Gudbrand’s appointment, GN Store Nord’s Executive Management will consist of: Jakob Gudbrand, CEO of GN Hearing; René Svendsen-Tune, CEO of GN Audio; Marcus Desimoni, CFO of GN Store Nord and GN Hearing.
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Hearing aid net unit sales in the United States increased by 6.2% in the third quarter (Q3) compared to the same period last year, according to statistics generated by the Hearing Industries Association (HIA), Washington, DC.
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The opening of the Sac Clinic, dba Value Audiology & Hearing Aid Center, is part of InnerScope’s 6-12 month Northern California Audiological Clinic Expansion Plan.
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For the 2018 third quarter, the company reported net sales of $30.1 million, up 20.2% from $25.1 million in the prior-year period. According to the announcement, the increase was primarily due to year-over-year revenue gains from IntriCon’s largest medical customer and growth in its value-based hearing healthcare business.
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According to the agreement, Amplicom USA will develop sales and distribution channels, and provide fulfillment and support services, for Alango’s “Wear & Hear” line of assistive hearing products in the United States and Canada.
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The two-day conference is said to have explored the dynamics of the evolving hearing healthcare industry and the hearing solutions, strategies, tools, and tactics hearing care professionals will need to shape their practices for success today and in the future.
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The FDA has approved the Bose Hearing Aid as the first self-fit hearing aid under the Agency’s De Novo premarket review pathway used for some low- to moderate-risk devices that are novel and for which there is no prior legally marketed device.
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Nearly 700 audiologists and office staff representing 270 independent hearing care and ENT practices across the United States and Canada convened in Las Vegas on September 20-22 for 3 days of hands-on learning, a robust exchange of experiences and ideas, and discussions about the future of the industry at Audigy’s biennial Team Summit.
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Hearing care professionals often encounter people who complain of hearing difficulties and trouble hearing in noise, but when tested, present with hearing sensitivity and thresholds that are within “normal limits.” This article reviews the audiological evidence regarding this unique population and makes the case for educating them about sophisticated technology options—including hearing aids and wireless technology such as remote microphones—which have been proven to be extremely useful for enhancing their communication and quality of life.
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During September and October, Oticon will donate a portion of the sales of all Oticon Opn™ hearing aids, including special edition pink Opn, to the National Breast Cancer Coalition to support its mission to know how to end breast cancer by January 2020.
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The mainstream business press featured articles this week on the wealth being generated by manufacturing and distributing hearing aids, with mentions of Amplifon’s Susan Carol Holland, Starkey’s Bill Austin, Phonak’s Hans-Ueli Rihs, and IntriCon’s Mark Gorder.
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