Amplifon is the worldwide leader in the distribution, fitting and customization of hearing solutions. Its ability to innovate, its global market coverage and its unique business model have enabled the company, that started out in Italy in 1950, to grow steadily over time and to consolidate its leadership in all of the countries in which it operates.
The Amplifon Group has achieved 9% of global market share, and is currently present in 20 countries on the 5 continents: Italy, the Netherlands, France, Germany, Switzerland, Spain, Portugal, the UK, Ireland, Belgium, Luxembourg, Hungary, Poland, Turkey, Egypt, the USA, Canada, Australia, New Zealand and India.
With a global network of over 3.250 points of sale, 1.700 network affiliates and over 2.400 service centres, Amplifon employs around 10.000 people all over the world, distributing the most advanced hearing aids manufactured by the world’s leading companies, offering cutting edge and customised services to its customers. The Amplifon Group has increasingly expanded its business presence at international level since the nineties through acquisitions of leading companies which have enabled it to penetrate the major European markets, the American market and more recently the Australasia markets. Also by virtue of these acquisitions, the consolidated turnover in the last decade has seen a CAGR of 8.0%, while gross operating margins have grown with a CAGR of 11.4%.
Amplifon’s strategy for the next years is to further consolidate its global leadership through steady organic growth and potential acquisitions, with the aim of achieving optimal critical mass in all the countries in which the Group operates or entering into new markets with interesting growth potential.
It’s estimated that over the next years the global hearing aid market will grow by 3 to 7% per annum in volumes, driven by the ageing population, the increasing noise pollution, the developments in digital technology and the wider acceptance due to cultural changes. Currently about 10% of the population in the industrialised countries is suffering hearing loss problems but, within this target, only a varying percentage of 10 to 25%, depending on the country, takes advantage of the benefits of hearing aids.
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