Maintaining the outlook provided at the start of the financial year 2021/22, Sonova expects consolidated sales to increase by 24-28% in 2021/22. Compared to pre-pandemic levels in the first half of the financial year 2019/20, this represents a 2-year compound annual growth rate of 8.5%.
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Citing strong product offerings and pent-up demand for its hearing aids and diagnostic equipment, Demant issued an upgrade in its earnings guidance to investors on November 2.
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Oticon Medical, which constitutes the hearing implants business in the Demant Group, announced that it has decided to take voluntary field corrective action by recalling non-implanted Oticon Medical Neuro Zti implants and to temporarily halt sales of new implants. The recall is entirely related to the identification of performance issues in a small subset of implants, and there have been no reported safety events with the implants, according to the company’s announcement.
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Inventis, a company that develops and manufactures audiology and balance equipment, announced the addition of Quigley Diagnostics as a distributor in New England (MA, MI, RI, CT, VT, NH).
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Weave, an all-in-one customer communication platform for small business, and Sycle, a provider of audiology practice management software, announced the launch of an integration to bring more products and services direct to practices in a simple, streamlined solution.
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According to the company’s announcement, Tuned allows hearing healthcare professionals to gain access to a HIPAA-compliant SaaS platform to schedule appointments, conduct online hearing screenings, earn revenue, and more, all for free.
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Starkey President and CEO Brandon Sawalich, along with other members of the Starkey executive team, announced their attendance at EUHA 2021 in person earlier this month, to connect directly with partners in hearing healthcare.
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Widex USA Inc announced that it has pledged support for the Breast Cancer Research Foundation (BCRF), a private funder of breast cancer research, to sponsor its annual Pink Promises event taking place on September 30, 2021.
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Neuromod Devices Ltd, the medical device company which specializes in neuromodulation technologies, has announced the appointment of Eric Timm as Chief Executive Officer of its recently established US entity, Neuromod USA Inc, effective from October 1, 2021.
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WS Audiology announced the results of its latest financial report, indicating that it generated “strong revenue and earnings growth in Q3 of the fiscal year 2020/21 (April 1– June 30, 2021) compared to 2019/20,” which was significantly impacted by COVID-19.
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The British Irish Hearing Instrument Manufacturers Association (BIHIMA) announced the release of Q2 2021 market data showing “massive growth in the Irish and UK private hearing instrument markets.”
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Based on expectations that “its strong business momentum and market share gains in Hearing Healthcare will continue in H2 – despite tailwind from the French reform not recurring to the same extent as in H1 – Demant upgrades its guidance for the Group’s organic growth rate for 2021 to 26-30% (previously 24-28%).”
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Henning Falster, director of meetings and events for Oticon, Inc who is known for his “flawlessly planned and executed professional conferences and events,” announced he will retire in August after 47 years with Oticon.
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Sonova Holding AG announced that Robert Woolley has been appointed GVP Hearing Instruments and member of the Management Board, effective April 1, 2022. At the same time, Martin Grieder will be appointed GVP Consumer Hearing within the Management Board.
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Listen Navilution is a GPS-triggered commentary system that delivers prerecorded audio stories and information.
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