Target Information

Danish company Demant is one of the world's leading manufacturers of hearing aids, holding a global market share of over 20 percent. The business operates on three main fronts: hearing aids account for 45 percent of revenue, the Audika hearing clinic sector represents 40 percent with over 4,000 clinics worldwide, and the diagnostics segment contributes 11 percent.

The global hearing aid market is valued at approximately $7 billion, with Demant estimating an annual growth rate of around 4 to 6 percent. Key drivers of this growth include an aging population and an increasing adoption rate of hearing aids.

Industry Overview

The hearing aid industry exhibits a cyclical pattern, transitioning through five-year intervals of market demand influenced by health reimbursement policies in various countries. This fluctuation reflects market dynamics; for inst