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US Hearing Aid Unit Sales Grow by 10% in Q2 of 2016

writer:admin pubdate:2016-12-09 11:26 view:()

According to statistics released today by the Hearing Industries Association (HIA), Washington, DC, hearing aid net unit sales in the second quarter (Q2) of 2016 grew by 10.1% compared to the same period last year. Private/commercial-sector hearing aid sales outpaced dispensing activity at the Department of Veterans Affairs (VA) with a 12.8% increase in units sold, while the VA’s dispensing activity remained basically static (0.4%) compared to Q2 of last year.
This follows a very good first quarter for the hearing industry, when sales grew by 9.7% for the total market: 10.8% for the private sector and 5.3% for the VA.
When comparing the first-half (H1) figures of 2016 and 2015, the private sector this year has sold nearly 1.5 million units for an increase of 11.8%, while the VA has dispensed just over 360,000 units or 2.7% more hearing aids. In total, the hearing aid market has grown by 9.9% compared to H1 2015.
 
At the current pace, US hearing aid sales would approach 3.7 million units by year’s end.
 
It should be noted that unit volume sales of some Big Box retail (eg, Costco) outlets are included in the private sector sales, so the percentage increases reported here are not necessarily reflective of the typical traditional dispensing office. Additionally, there are two new reporting members in HIA, Hansaton and Intricon. Both are long-time players in the hearing industry and maintain US headquarters in Minneapolis. IntriCon Corp, a US public company, develops and supplies components and manufactures hearing aids for many medical device firms and hearing aid distributors, including their joint partnership with the Academy of Doctors of Audiology (ADA) and EarVenture and United Healthcare’s Hi HealthInnovations. Hansaton, a part of Hansaton Akustik GmbH, was founded in Germany in 1957 by Rudolf Fischer, and was purchased by Sonova in 2015. In more recent years, it has become known for its rechargeable hearing aid technology and its Surround SoundHD, Beat, and  jamHD lines of hearing aids.
 
The new reporting members are unlikely to account for a large portion of the growth seen in the first half. However, as with last year’s unit growth of 7.2%, it is uncertain how much Costco and other Big Box retailers are contributing to these growth figures.
 
Comparing  first-half 2016 statistics with those of 2015, the use of behind-the-ear hearing aids (BTE) has increased by 1% overall and 2% in the private sector. BTEs accounted for 80.8% of all the aids dispensed in the United States in Q2 2016, and constituted 82.0% of all private-market sales. Last year at this time, BTEs made up 78.9% of the total market and 80.0% of private-sector sales. The VA saw sales increase from 74.9% to 75.8% during this same period.
 
The growth of wireless hearing aid features also continues. In the first-half of 2016, about 9 of 10 (87.5%) hearing aids sold contained wireless technology, according to the HIA statistics.

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