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The Demant Group operates in a global market with companies in more than 30 countries, employs more than 21,000 staff and generates annual revenue of more than DKK 21 billion.


 

  • Australia
  • Belgium
  • Brazil
  • Canada
  • China
  • Denmark
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
    		•
  • Ireland
  • Israel
  • Italy
  • Japan
  • Malaysia
  • Mexico
  • Norway
  • The Netherlands
  • New Zealand
  • The Philippines
    		•
  • Poland 
  • Portugal
  • UK
  • USA
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • Switzerland
  • Turkey
    •  

    Demant covers three business areas: Hearing Care, Hearing Aids and Diagnostics 
    The synergies between our business areas enable us to help millions of people experience the joy of hearing for many years to come. Just as the Demant family envisioned it when they founded the company in 1904.

    With our approach to hearing healthcare and technology, and our complete product range, Demant, our customers and partners are fully equipped to help people with various kinds of hearing loss connect with the world and live their lives to the fullest.

    Our unique position gives us a competitive advantage in growing market. Our addressable hearing healthcare market represents a value of around USD 28 billion per year, with Europe and North America being by far the largest markets. According to WHO 1 in 5 people worldwide live with hearing loss (WHO 2021) and more than 21 million hearing aids are sold every year (Global tracking of hearing loss, as done by for instance MarkeTrak, EuroTrak and JapanTrak)

    The estimated value growth rate in the hearing aid market is 4-6% largely driven by the underlying demographic development and gradually increasing penetration rates. The estimated value growth rate in the diagnostics market is also 4-6%.

    • revenue-2018

      Revenue

      21,601 MDKK

      In 2023, we generated DKK 21,601 million in revenue. Our largest markets are Europe and North America.
       
    • four-business-areas

      Business

      Three areas

      Demant covers three business areas: Hearing Care, Hearing Aids, and Diagnostics.

       

    • full-time-employees-average-14000

      Workforce

      >21,000

      End of 2023, the Group employed more than 21,000 employees.

       

    • ownership

      Ownership

      58%

      Demant A/S is listed on Nasdaq Copenhagen. William Demant Foundation is the sole owner of the investment company, William Demant Invest, that holds the majority of shares in Demant A/S.


    The Demant Group develops, manufactures and sells products and equipment that help people with hearing loss connect and communicate with the world around them.

    We cover three business areas: Hearing Care, Hearing Aids and Diagnostics.

    The many companies run by our individual business areas collaborate in many areas throughout the entire value chain from purchasing and manufacturing to R&D, marketing and sales and also share resources and technologies to a wide extent.

    However, they all have their own organisation and unique identity to enable them to service their individual markets in the best possible way.

    demant-business-areasthis-is-demant-650_2024

    William Demant Foundation is the majority shareholder in Demant A/S (55-60%) through William Demant Invest A/S, which is the wholly owned holding company for William Demant Foundation’s investment activities.

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