Sonova bullish on hearing aid market in China

Switzerland-based Sonova Holding AG, the world's biggest hearing solutions provider, said it has seen stronger-than-average sales growth in China in the past six months, fueled by growing demand of related products in the country, especially since the COVID-19 outbreak, as the booming online interaction has spurred the demand for hearing aid devices and solutions.

Sonova said during the pandemic era, video calls and using smartphones and tablets to communicate with each other are playing a vital role. In mid-November, the company reported better-than-expected half-year earnings, citing solid recovery amid pandemic and other headwinds.

From April to September, Sonova's global sales revenues came in at 1.6 billion Swiss francs ($1.74 billion), 50 percent above its performance in the same period of last year, beating analysts' estimates.