Hearing Aids Market Size & Share | Global Industry Trends Report,

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A Testament of Progressive Innovation View The Supplement As we learn more about aging, cognition, and the importance of hearing,…. Published on May 7, In line with this, its healthcare division will be managed as a separate business unit under the Siemens umbrella, and the hearing aid division will be spun off in an initial public offering.

In a press announcement , Siemens AG said it is preparing to publicly list its audiology activities in order to give the business an opportunity to better leverage its potential outside the company. Implants, retail, [and] consumer electronics.

Its audiology business is unique in Siemens for both its technology and its consumer-oriented market access, which limits synergy potentials with other Siemens businesses. Additionally, anticipated technological developments at Siemens Audiology differ greatly from those of the company and its healthcare activities.

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This applies particularly to growth fields like implants and the link to consumer electronics, says Siemens. Although still a formidable force in the hearing industry, the Siemens Audiology group which includes Rexton has lost market share during the last decade. In the United States, the group has also been a relatively quiet player in the forward consolidation movement in which hearing aid manufacturers have bought up larger retail outlets—although Siemens did purchase HearUSA in after that company filed for bankruptcy.

Several times in the past 5 years there have been rumors from credible sources about Siemens AG putting its hearing aid division on the block. Siemens Hearing Instruments is one of the oldest and most respected hearing aid manufacturers in the world, beginning its involvement in the industry more than years ago.

Siemens Audiology has more than 4, employees worldwide. Key locations include its headquarters in Erlangen, Germany, as well as major facilities in Piscataway, NJ, Kanagawa Greater Tokyo , Crawley, UK, and Saint Denis Greater Paris.

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