Global hearing aid market share by company 2019 | Statista (2024)

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Global hearing aid market share by company 2019 | Statista? ›

Sonova has emerged as the dominant player in the Global Hearing Aid Market, holding the largest market share. One of the key contributors to Sonova's success is its ownership of Phonak, which is widely recognized as one of the most successful brands in the hearing aid market.

Sonova has emerged as the dominant player in the Global Hearing Aid Market, holding the largest market share. One of the key contributors to Sonova's success is its ownership of Phonak, which is widely recognized as one of the most successful brands in the hearing aid market.

In 2019, a global market overview from Germany-based Statista put Starkey fifth among the five, with 4% of global hearing aid sales.

How many manufacturers are there? There are six main hearing aid companies to choose from, often called “The Big Six” by university trained Audiologists. Phonak, Resound, Oticon, Sivantos, Widex and Starkey make up each large umbrella of “The Big Six” manufacturers.

William Demant Holding is a private company with an estimated 18,116 employees. In the US, the company has a notable market share in at least one industry: Hearing Aid Manufacturing, where they account for an estimated 34.5% of total industry revenue.

Demant

Audika Australia

Key Takeaways. Some of the most popular types of hearing aids include receiver-in-canal (RIC), in-the-ear (ITE), and behind-the-ear (BTE) styles.

Signia also differentiates itself from other hearing aid brands by offering multiple models, styles, and colors that cater to the user's preferences and hearing needs. Compared to other prescription brands like Starkey, Signia offers more models that treat up to profound hearing loss.

William F. Austin — or Bill Austin, as most know him — is the Founder, Principal Owner and Chairman of Starkey.

1971 – Bill Austin forms Starkey Laboratories, which will eventually go on to become Starkey. 1978 – Bill Austin starts the Starkey Hearing Foundation, which, by 2011 has given over one million people in need the gift of hearing. 2000 – The Atlanta Club and Bill Austin join forces to create the Audibel Network.

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Hearing Aid Market Insights

Global Hearing Aid Market size was valued at USD 7.5 billion in 2019 and is poised to grow from USD 7.98 billion in 2023 to USD 13.95 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).

While Costco has made very impressive market gains in hearing aid sales, it's hard to believe they are the #1 retailer in the United States when one takes into account the world's largest hearing aid distributor Amplifon, which owns Miracle Ear, Sonus, HearPO, and the Elite Hearing Network.

With the acquisition of French cochlear implant manufacturer Neurelec in 2013 and the subsequent rebranding as Oticon Medical in 2014, Demant has created a strong hearing implant company with one ambitious goal: To become the world's leading hearing expert in implantable hearing solutions, while always supporting our ...

Amplifon is the global leader, with almost twice the market share of its largest com- petitor, but its worldwide share is just over 11%.

From invisible hearing aids to the Edison Award-winner, Halo Made for iPhone hearing aid, Starkey has continually produced ground-breaking hearing aids. Starkey's hearing aids are proudly made in the USA.

Military & U.S. Department of Veterans Affairs

Meanwhile, the military and the U.S. Department of Veterans Affairs, or VA, are two of the largest employers of audiologists.