Costco says its hearing aid business is growing fast

ISSAQUAH, WA–While it may not bring joy to its competitors’ hearts, Costco reports that its hearing aid business is growing fast. Interviewed for an online article published in Bloomberg Business Week on July 11, Richard Chavez, a senior VP at Costco, said that over the past four years its hearing aid sales have grown by an…

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hearing aid company market share

Research firm analyzes market share, retail activity, and prospects of major hearing aid manufacturers

By David H. Kirkwood NEW YORK—A number of financial research firms in the United States and abroad follow the hearing industry on behalf of their clients. These include individual investors as well as institutional investors such as pension and hedge fund managers. The latest company to turn its sights on hearing aids is Sanford C.…

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360 million have disabling hearing loss, but WHO says it need not be that way

GENEVA, SWITZERLAND–More than 360 million people, about 5% of the world’s population, have disabling hearing loss, according to estimates released by WHO (the World Health Organization) just in time for International Ear Care Day on March 3. That number is more than the total population of the United States or of any other country except…

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Hearing aid sales up slightly in 2012, but mostly because of demographic factors

Writing last week on Hearing Views, Sara Bloom, who covered the hearing aid industry from the early 1990s through 2010, made this observation: “The hearing care industry was flat for as long as I was writing about it. For all those 17 years, I would write that only about 25% of those who would benefit…

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Trials begin of Indian hearing aid that can be made for under $60

MUMBAI, INDIA—Field trials are under way in India of a hearing aid that will cost less than 3000 rupees–under $60 U.S.–to manufacture. In an interview with the news agency Press Trust of India, Ajay Kumar, an official at the Department of Information Technology, said that the Mumbai-based Center for Development of Advanced Computing (C-DAC) has…

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Hearing aid sales rise 5% in first quarter

WASHINGTON, DC–U.S. hearing aid sales increased by 5.0% during the first three months of 2011 over the same period last year, according to data collected from manufacturers by the Hearing Industries Association. The fastest growth was in sales to the Department of Veterans Affairs, which rose by 7.6% over 2010. The 135,725 instruments purchased by…

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