Sonova Holding AG - Company Profile
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Business Description
Sonova Holding AG (Sonova) is a provider of hearing systems and wireless communication systems for all groups of people with hearing impairment. It offers a comprehensive range of hearing instruments and cochlear implant solutions under brands such as Phonak, Unitron, Advanced Bionics, AudioNova and Sennheiser.
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R&D Overview
The company is committed to conducting research and development that leads to tangible and meaningful enhancements in the lives of its consumers. One notable achievement in this regard is the Phonak Audéo Fit, which stands as the world's first commercially available hearing aid equipped with heart rate tracking. This groundbreaking innovation earned recognition and acclaim, being featured in TIME magazine's prestigious list of Best Inventions in 2022. In FY2023, Sonova spent CHF244.6million on R&D activities. As of March 31, 2023, the company had 1,211 employees serving in the R&D division. The company holds over 1,800 active granted patent and design rights across the world.
Business Segments
Overview
-Manufactures, distributes and services hearing implants and related products through its subsidiary, Advanced Bionics. It categorises its products into Cochlear implant systems and Upgrades and accessories -Major products includes hearing implants, sound processors, and accessories.
Performance
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Overview
-Designs, develops, manufactures, distributes and services hearing instruments and related products including a comprehensive range of digital hearing systems, wireless communication systems for audiology, tourism, studio and security applications. It also provides professional solutions for hearing protection. -Major products include roger wireless systems, standard behind-the-ear (BTE) hearing instruments, custom in-the-ear (ITE) hearing instruments, standardized in-the-ear (ITE) hearing instruments, receiver-in-canal (RIC) instruments and invisible extended-wear hear solutions. -Serves independent audiologists, retail chains, multinational and government customers. -Sonova classifies its products into Premium hearing instruments, Advanced hearing instruments, Standard hearing instruments, Wireless communication systems and Miscellaneous products including accessories and batteries.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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