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MED-EL - About the company

MED-EL is an unfunded company based in Innsbruck (Austria), founded in 1989 by Erwin Hochmair and Ingeborg Hochmair. It operates as a Middle ear & Cochlear implants and Hearing aids. MED-EL has not raised any funding yet. The company has 16 active competitors, including 4 funded and 3 that have exited. Its top competitors include companies like Cochlear, Advanced Bionics and Oticon Medical.

Company Details

MED-EL develops and manufactures hearing implants i.e. Cochlear implants solutions for both children and adults and other medical devices. Its products for ENt include Cochlear implants, Middle ear implants, Behind-the-Ear Audio Processors, Single-Unit Audio Processor, Electra-Acoustic Stimulation systems etc... The company sells its products in over 100 countries and has more than 30 offices worldwide
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Email ID
*****@medel.com
Phone Number
+43 **********
Registered Address
Durham, North Carolina
Key Metrics
Founded Year
1989
Location
Innsbruck, Austria
Stage
Unfunded
Ranked
Employee Count
1,001 - 5,000 as on Jul 01, 2024
Investment & Acquisitions
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MED-EL's funding and investors

MED-EL has not raised any funding rounds yet.

MED-EL's founders and board of directors

Founder? Claim Profile
The founders of MED-EL are Erwin Hochmair and Ingeborg Hochmair. Ingeborg Hochmair and David Packer are the CEOs of MED-EL.
Here are the details of MED-EL's key team members:

MED-EL's employee count trend

MED-EL has 1,001 - 5,000 employees as of Jul 24. Here is MED-EL's employee count trend over the years:
Employee count trend for MED-EL
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MED-EL's Competitors and alternates

Top competitors of MED-EL include Cochlear, Advanced Bionics and Oticon Medical. Here is the list of Top 10 competitors of MED-EL, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Cochlear
Cochlear
1981, Mumbai (India), Public
Electronic hearing devices and implants
-
68/100
2nd
Logo for Advanced Bionics
Advanced Bionics
1993, Valencia (United States), Acquired
Provider of advanced cochlear implants and hearing technology for powerful connections
$128M
68/100
3rd
Logo for MED-EL
MED-EL
1989, Innsbruck (Austria), Unfunded
Middle ear & Cochlear implants and Hearing aids
-
-
57/100
4th
Logo for Oticon Medical
Oticon Medical
2009, Gothenburg (Sweden), Acquired
Provider of one anchored hearing system and cochlear implants
-
-
50/100
5th
Logo for Hemideina
Hemideina
2016, Melbourne (Australia), Series A
Developer of cochlear implant to treat deafness
$22.5M
41/100
6th
Logo for Zhejiang Norcong Neuroelectronics
Zhejiang Norcong Neuroelectronics
2006, Hangzhou (China), Series B
Developer of ear implant and speech processing devices
$16.2M
38/100
7th
Logo for Esteem Hearing
Esteem Hearing
1995, Saint Paul (United States), Series B
Developer of implanted hearing devices
$19.4M
38/100
8th
Logo for Otokinetics
Otokinetics
2009, Salt Lake City (United States), Seed
Cochlear Implant
$2.11M
26/100
9th
Provider of earmoulds for hearing protection
-
-
24/100
10th
Logo for Neubio
Neubio
2019, Gurugram (India), Unfunded
Provider of cochlear implant solutions for individuals with severe to profound hearing loss
-
-
24/100
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MED-EL's Investments and acquisitions

MED-EL has made 2 investments in Audiocure and Audiocure and acquired BHM-Tech.
Here is the list of these investments and acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Feb 13, 2025
Investments
2012
Berlin (Germany)
Jul 2024
Acquisition
2024
Pinkafeld (Austria)
Nov 29, 2016
Investments
2012
Berlin (Germany)
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News related to MED-EL

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Media has covered MED-EL for a total of 3 events in the last 1 year, 1 of them has been about company updates.
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