Hearing Industries Association released its quarterly statistical report of U.S. hearing instrument sales for the third quarter of 2008 with twenty-one companies reporting data.
Based on this survey of member companies, the commercial (non-Veteran's Administration) market was down 16,345 units from the previous quarter, and down when compared to the same time period last year with a 3% decrease Q3 2008 over Q3 2007. VA dispensing activity continued to increase, with a 9% increase Q3 2008 over Q3 2007. Instruments sold to the VA accounted for 16% of the market this quarter. Overall, these numbers totaled a 1.23% decrease overall for the combined U.S. hearing instrument market for Q3 2008 as compared to Q3 2007, with 615,593 instruments reported as sold.
For the first three quarters of 2008 combined, the commercial (non-VA) market experienced a decrease of 18,861 units as compared to the same time period in 2007, while the VA market experienced an increase of 22,444.
US Hearing Instrument Sales Down Overall Last Quarter
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