Millions of people around the world are wearing made-in-Singapore hearing aids.
SINGAPORE – About one in seven hearing aids worn by people around the world is made at 18 Tai Seng Street in Singapore.
It is also instrumental in driving product innovation, automation and digitalisation for the company, he added. Today, millions of people around the world are wearing hearing aids developed or made here. The team also develops apps and software, and conducts prototyping, verification and reliability tests on each and every hearing aid it makes.
It is the global leader in terms of sales and third in terms of revenue, which stood at €2.5 billion in financial year 2022/2023.Hearing loss increases with age and affects one in four people who are 60 years and older, the World Health Organisation said in February. Of these, about 430 million, or 5 per cent of the world’s population, suffer from disabling hearing loss, which makes conversation difficult without the use of hearing aids. This number is expected to hit 700 million by 2050.
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