Category: Industry News

US Hearing Aid Sales Rebound Strongly in Third Quarter 2020

It may not be a miraculous market recovery for the hearing healthcare field, but it’s still very good. Total US hearing aid net unit sales—while still down by -6.2% in the third quarter —made what can be considered a very strong rebound from the -58.6% thumping experienced from April-June (Q2) due to the COVID-19 pandemic. In particular, statistics generated by HIA show that private/commercial sector hearing aid sales actually increased by 0.5% compared to Q3 of last year.

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Fontbonne University Awarded $1.25 Million Grant to Fund Deaf Education, Speech-Language Pathology Programs

The five-year grant will support 32 scholars seeking master’s degrees in early intervention in deaf education or speech-language pathology. Students who receive funding will enter a six-semester, evidence-based program designed to prepare them to become skilled speech-language pathologists and teachers of the deaf through an interdisciplinary approach

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Cochlear Launches ‘Hearing 20/20’ Campaign

According to Cochlear, the campaign is supported by 10 hearing health nonprofit and industry partners, and establishes a simple, common metric—defined as 20 decibels in each ear—to help simplify the ongoing conversation and actions related to monitoring hearing health and treating hearing loss, especially among adults 55 years of age and older.

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Sonova Announces Expected ‘Return to Growth’ in Second Half of 2020/21

Sonova now expects sales for the first half of FY 2020/21 to reach around 79% of the prior year level at constant exchange rates and to achieve an adjusted EBITA margin in Swiss francs of approximately 15% for the same period. For the second half of the financial year, the Group expects to return to growth, achieving a revenue increase of 4%-8% and a rise in the adjusted EBITA in the range of 20%-30% compared with the prior year period, both at constant exchange rates.

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3M Mass Tort Now Includes Over 200,000 People, ‘Star-Tribune’ Reports

“The Minneapolis Star-Tribune” reports that over 200,000 people have joined a mass tort against 3M, alleging that Aearo’s Combat Arms earplugs “were knowingly defective, imperceptibly loosening and leaking in noise.” The Combat earplugs were acquired by 3M as part of its $1.2 billion purchase of Aearo Technologies in 2008.

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