Thursday 3 December 2009

Financial Summary of HEARING AID MANUFACTURERS

Sonova Holding AG is a Switzerland-based company operating in the healthcare sector. The Company offers hearing healthcare solutions, wireless communication systems for audiology applications and solutions for hearing protection. The brand portfolio of Sonova Holding AG includes Phonak, Unitron Hearing, Argosy and Acoustic Implants. The Company is active in over 90 countries through a combination of 54 subsidiaries in 30 countries and a network of independent distributors. It operates worldwide through its numerous subsidiaries, which include Phonak AG, Phonak (Shanghai) Co. Ltd., Phonak Iberica SAU, Indomed AG and Phonak AB, among others. In 2008, the Company acquired TRE SA for purpose of selling of hearing instruments.

SALES 2008/9 +3.69%

William Demant Holding A/S is a Denmark-based company engaged in the development, manufacture and sale of products and equipment, designed to aid people's hearing and communication. The Company is operational through three business divisions. Hearing Aids comprises Oticon and Bernafon, which produce hearing aids and fitting systems, marketed through subsidiaries and distributors worldwide. Diagnostic Instruments encompasses Maico Diagnostics and Interacoustics, which manufacture and distribute audiometers and tympanometers for hearing measurement. Personal Communication includes Phonic Ear, which provides wireless communication systems and hearing aids for the hearing impaired, and the joint venture Sennheiser Communications, which develops and markets wireless learning systems and assisting listening devices.

SALES 2008/9 -2.09%

GN Store Nord A/S (GN) is a Denmark-based company active within the telecommunications industry. The Company is engaged in the provision of personal communication solutions, including headsets for hands-free communication, hearing instruments and audiologic diagnostics equipment. The Company operates through two business areas: GN Netcom and GN ReSound. GN markets its headsets under the Jabra brand and the Company’s hearing aids are sold under the ReSound, Beltone and Interton brands. The Company’s products are mainly manufactured in the production facility located in Xiamen, China.

SALES 2008/9 -5.9%

Siemens AG (Siemens) is engaged in electronics and electrical engineering. During the fiscal year ended September 30, 2008 (fiscal 2008), the Company reorganized its operations. It operates in six segments: Industry, Energy, Healthcare, Siemens IT Solutions, Services and Siemens Financial Services (SFS), and Equity Investments. Industry, Energy and Healthcare segments are reported along with 14 divisions, which comprise the Divisions Industry Automation, Drive Technologies, Building Technologies, Osram, Industry Solutions and Mobility belonging to the Industry Sector, the divisions Fossil Power Generation, Renewable Energy, Oil & Gas, Power Transmission and Power Distribution belonging to the Energy Sector, and the Divisions Imaging & Information Technology (IT), Workflow & Solutions and Diagnostics belonging to the Healthcare Sector. As a globally operating organization, the Company also conducts business with customers in Iran, Sudan, Syria and Cuba.

SALES 2008/9 +6.73%

Source: Reuters

Privately owned: Starkey and Widex

Widex A/S (Widex) is a global company within the digital hearing aid technology market and offers audiological solutions. It is principally engaged in the development, manufacture and marketing of the hearing aid devices for the ENT markets and also conducts audiological research. Widex develops products such as inteo series, flash series, bravissimo series, ear bearing aids and assistive listening devices. Its devices offer people with hearing loss the same opportunity as those with normal hearing. Its broad range of products are sold through a network of distributors as well as its wholly-owned subsidiaries in more than 90 markets around the world. The company is headquartered in Vaerlose, Denmark. The company's research, development and administration as well as its production is based in Vaerlose, Denmark. Also, it has large assembly departments in Helsinge, North Sealand and in Verviers, Belgium. Source: medicaldevices-business-review.com

Starkey Laboratories, Inc. (Starkey) is engaged in the manufacturing, designing and distribution of hearing aids and hands-free communications devices. It provides top quality diagnostic equipment, hearing protection products, wireless technology and various unique hearing solutions. The company was incorporated in 1967. In 2006, its integrated circuit design centre was acquired by AMI Semiconductor, Inc, a subsidiary of AMIS Holdings, Inc. The Starkey Hearing Alliance (SHA) is a select national network of hearing care professionals who partner with Starkey in providing the most comprehensive levels of hearing care. It has 35 facilities and operates in more than 24 countries.

Source: reportbuyer.com