Hearing aids are medical marvels that have produced life-changing results for millions across the globe.
But which publicly traded companies are leading the way in terms of innovation and potential?
Check out our list of the best hearing aid stocks to kick-start your research.
Best Hearing Aid Stocks To Buy
Knowles Corporation (NYSE: KN)
The Knowles Corporation is a company that makes electronic components that are used in hearing devices.
Its product line includes microphones, receivers, and programming components for hearing aids.
Knowles Corporation is one of the important players in the hearing aid market, as many other companies rely on its parts.
Outside the hearing aid market, the company makes parts for mobile devices, traditional headphones, IoT devices, and more.
With that being said, Knowles Corporation’s involvement in other industries gives it more diverse revenue streams.
This creates more stability and a potentially safer investment option.
This is crucial as previously popular producers of hearing aids, Eargo and Intricon Corporation, are no longer trading on the markets.
Amplifon S.P.A. (OTCMKTS: AMFPF)
Amplifon S.P.A. is a global leader in the hearing care retail market, headquartered in Milan, Italy.
The company provides a wide range of hearing solutions, including hearing aids, accessories, and related services, through its extensive network of over 9,700 points of sale in 25 countries across five continents.
Amplifon’s strategic acquisitions and organic growth have significantly strengthened its market position, particularly in the Americas and the Asia-Pacific regions.
The company continues to innovate with advanced hearing assistance technologies and personalized customer care.
A focus on sustainability and customer-centric services position Amplifon well for potential long-term growth in the hearing care industry.
Hearing Aid Penny Stocks
Investing in penny stocks can be risky, but certain hearing aid companies have the potential to grow significantly. Here are a couple to consider.
Innerscope Hearing Technologies (OTC: INND)
Innerscope Hearing Technologies is a hearing aid penny stock for traders who are willing to take a risk.
This company collaborates with audiologists and other hearing experts to provide direct-to-consumer hearing aids.
The company works with major retailers, including Walmart and Walgreens, to make its products widely available. Recent legislation allows customers to buy hearing aids without a prescription, making it easier for people with moderate hearing loss to obtain the necessary care.
This regulatory change has broadened Innerscope’s consumer base, potentially driving market growth.
The hearing aid industry is predicted to grow as access to hearing aids improves.
Innerscope Hearing Technologies offers an opportunity to invest in a company poised to benefit from a likely expanding market and increased accessibility to hearing care products.
Envoy Medical, Inc. (NASDAQ: COCH)
Envoy Medical, Inc., based in White Bear Lake, Minnesota, is a pioneering company in the development of fully implantable hearing aids.
The company’s flagship product, the Esteem® Hearing Implant, is designed to improve hearing for individuals with moderate to severe sensorineural hearing loss.
Unlike traditional hearing aids, the Esteem is fully implanted and invisible, providing a more natural hearing experience.
Envoy Medical’s innovative approach to hearing solutions has positioned it as a significant player in this sector.
The company’s focus on advancing hearing technology and improving patient outcomes underscores its potential for growth in the ear-related healthcare sector.
Hearing Aid Stocks That Pay Dividends
For investors looking for income, these hearing aid stocks offer dividends and could be beneficial additions to your portfolio.
Sonova (OTC: SONVY)
Sonova Holding AG is a Swiss company renowned for manufacturing a diverse range of devices for individuals with hearing loss.
Their product line includes hearing aids, cochlear implants for the ear, and wireless communication devices.
The company markets these products under five different brands, targeting both the U.S. and global markets.
Sonova has a significant market share in the hearing device industry, which contributes to its robust financial performance.
The company has consistently demonstrated growth and resilience, especially through strategic acquisitions and expansion of its audiological care network.
For instance, their recent acquisitions include Alpaca Audiology in the U.S. and HYSOUND in China, which have bolstered their market presence and sales growth.
The company’s commitment to innovation is evident through its launch of the Phonak Lumity platform and Sennheiser Conversation Clear
Plus ear buds, which have been well received in the industry.
Sonova’s strong focus on enhancing consumer access and delivering advanced hearing solutions could position it well for long-term stability and growth.
While Sonova does not offer a high dividend yield, it remains a reliable option for long-term investors due to its consistent demand for high-quality hearing solutions and its strategic growth initiatives.
The company’s ongoing efforts to expand and innovate in the hearing technology market make it a noteworthy addition to a diversified investment portfolio.
Energizer Holdings (NYSE: ENR)
Energizer Holdings, Inc., is a global leader in the battery manufacturing industry.
The company produces a wide range of batteries and owns several subsidiaries, including Rayovac, the world’s largest manufacturer of batteries specialized for hearing aids.
These batteries come in various sizes to accommodate different hearing aid models, known for their compact design and superior sound quality.
Rayovac was previously part of Spectrum Brands but was acquired by Energizer in 2019.
This acquisition has allowed Energizer to expand its product offerings and strengthen its position in the market.
Energizer Holdings has shown resilience, navigating market fluctuations and economic challenges.
The company’s stock has experienced volatility but has demonstrated the potential for recovery and growth.
Batteries are a critical consumer staple, suggesting that Energizer may continue to perform well even during economic downturns.
You might consider Energizer Holdings as a long-term investment due to its strong market presence and essential product offerings.
The company’s strategic acquisitions and ability to adapt to changing market conditions further enhance its appeal.
Should You Buy Hearing Aid Stocks?
Investing in hearing aid stocks offers a unique opportunity within the medical device and healthcare markets.
The industry caters to a significant and growing population, making it an attractive prospect for investors.
Market Potential
The number of individuals suffering from disabling hearing impairment is expected to continue growing, emphasizing the increasing demand for supportive hearing devices.
Additionally, there is a significant portion of the population that could benefit from hearing aids but does not currently use them, highlighting untapped market potential.
Legislative Changes
Legislative updates in the United States have made it easier for individuals to access hearing aids.
Recent laws allow people with mild-to-moderate hearing loss to purchase hearing aids over the counter without a prescription.
This shift opens up a substantial market for companies capable of producing and marketing over-the-counter hearing aids.
Technological Advancements
Technological innovation is a significant driver in the hearing technology industry.
Modern hearing aids offer features such as Bluetooth connectivity, rechargeable batteries, and advanced sound processing capabilities.
These improvements make hearing aids more user-friendly and efficient, increasing their adoption rate among users.
Final Thoughts
Hearing aid stocks present a compelling investment opportunity due to the expanding market, legislative updates, and technological advancements.
Companies that can leverage these factors effectively may experience substantial growth, making hearing device stocks potentially valuable additions to an investment portfolio.
Hearing Aid Stocks FAQ
How Many Hearing Aid Companies Are There?
While there are plenty of businesses manufacturing hearing aids, some of the most well-known are regarded as the “Big Six.”
These companies are Phonak, Resound, Starkey, Oticon, Sivantos, and Widex.
What Are the Risks of Investing in a Hearing Aids Stock?
Investing in these stocks carries certain risks, including market volatility, changes in healthcare regulations, and advancements in competing technologies.
How Do Legislative Updates Impact the Hearing Device Industry?
Legislative changes, such as those allowing over-the-counter sales of hearing aids, can significantly impact the industry by increasing accessibility and expanding the market.
These updates can lead to increased sales for companies that adapt quickly to the new regulations.
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