MedWatch

GN Hearing loses Veterans Affairs market shares in November

In November, Demant maintained its market share, whereas GN Hearing saw its foothold slide in US public sales channel Veterans Affairs (VA).

Photo: GN Store Nord / PR

Last month proved good for Sivantos, which is part of the merged firm WS Audiology alongside Danish Widex. The hearing aid manufacturer more than doubled its market share with the public sales channel in the US Veterans Affairs (VA), which fits hearing aids for US military veterans, rising to 10.31 percent from 4.85 percent, measured by the amount out of total sales.

Denmark-based Demant went back slightly, landing on 14.99 percent compared to October's 15.06 percent. Danish GN Hearing receded from 10.18 percent to 8.76 percent, putting it in last place among the five hearing healthcare firms supplying VA.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from MedWatch

Coloplast upgrades growth expectations following acquisition

Medtech firm Coloplast’s Q1 report for 2021/2022 brings a slight upward adjustment of the reported revenue growth outlook due to foreign exchange developments. Coloplast’s acquisition of Atos Medical is expected to contribute around 6 percent to organic growth.

Demant's surgical division loses president of 13 years

Oticon Medical, the implants division at hearing group Demant, is saying goodbye to President Jes Olsen, who is exiting his role in March after having spearheaded the business leg since 2008. Demant CEO Søren Nielsen is stepping in temporarily until a replacement is found.

Hearing aid market in US grew by 37 percent in 2021

Hearing aid manufacturers have had a good year following one of the worst in their recorded history, as sales in the US have gone up by 37 percent. The progress is mainly driven by the recovery of independent retailers, whereas public sales channel Veterans Affairs still lags behind.

Further reading

Related articles

Latest news

See all jobs