Economou Hearing Centres

What Economou Hearing Centres does

Economou Hearing Centres is a privately held hearing healthcare practice headquartered in Strovolos, Nicosia, Cyprus, founded in 2001 by Audiologist Mr. Elias Economou and Hearing Aid Specialist Mr. Panayiotis Theofanous. The company operates hearing centre retail locations in Cyprus and positions itself as the largest dedicated hearing rehabilitation provider in the country, employing a team of M.Sc.-credentialed audiologists, hearing aid dispensers, and support staff. Its service offering spans hearing assessments, personalized hearing aid selection and fitting, tinnitus retraining therapy, pediatric audiology, and ongoing after-sales adjustment and maintenance, with all services and product sales conducted direct-to-consumer through its physical clinics (no online sales channel).

The clinic operates as a multi-brand authorized retailer of premium hearing aid manufacturers — primarily Starkey (Omega AI Enhanced, Edge AI, Signature Series, Genesis AI, Evolv AI), with additional ranges from Philips and Rexton — covering form factors from Receiver-In-Canal (RIC) and Behind-The-Ear (BTE) to completely-in-canal and invisible devices. Technology delivery is enabled through Bluetooth/Auracast streaming, mask-mode acoustic optimization, fall detection, and tinnitus sound-therapy features embedded in vendor hardware. All devices require professional fitting, programming, and customization, which is the clinic's core technical contribution alongside audiological counseling.

The business model combines hardware sales (hearing aids and accessories such as TV streamers, remote microphones, and consumables) with bundled professional services (fitting, adjustment, counseling). A free no-obligation consultation is used as the customer acquisition funnel. Revenue is generated entirely within Cyprus in a single geographic market, with no disclosed parent company, external funding, or M&A activity, and an estimated headcount in the 11–50 range. The clinic is GDPR-compliant and operates bilingual (Greek and English) digital properties complemented by educational content marketing and a TikTok presence.

Name

Economou Hearing Centres

Legal name

Economou Hearing Centres

Website

https://hearingaids.com.cy

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Economou Hearing Centres is a privately held Cyprus-based hearing healthcare practice operating since 2001, offering hearing tests, hearing aid fitting, and tinnitus management services through multi-brand authorized retail locations for Starkey, Philips, and Rexton devices serving individual consumers with hearing loss.

Ownership category

akta.pro rank

Product category

Audiology and Hearing Healthcare Services

NAICS

Offices of Physical, Occupational and Speech Therapists, and Audiologists (621340)

SIC

Electromedical & Electrotherapeutic Apparatus (3845)

akta.pro primary industry

Audiology & Hearing Diagnostic Centers (HLAFAKAH)

akta.pro secondary industries

Audiology & Hearing Services (ENT-Affiliated) (HLAKAMAI), Hearing Enhancement / Assistive Listening Audio Devices (CRACANAL), Eye, Ear & Nasal Care (HLAIADAF)

Keywords

• Hearing aid services
• Audiology clinic
• Hearing rehabilitation
• Tinnitus treatment
• Hearing assessments

Headquarters

HQ city

Strovolos

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Hearing Aid Sales: Sale of hearing aids from major brands including Starkey (Omega AI, Edge AI, Signature Series, Genesis AI, Evolv AI), Philips Hearing Aids, and Rexton Hearing Aids. Multiple styles available including RIC, BTE, ITE, ITC, CIC, and IIC
2. Audiology Services: Professional hearing healthcare services including hearing tests, hearing aid fitting, adjustment, counseling, and ongoing after-sales service and support
3. Accessories and Consumables: Sale of hearing aid accessories including TV Streamer, Remote Microphone+, Mini Remote Microphone, Remote Control, Table Microphone, and consumables like batteries

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Economou Hearing Centres sells hearing aids from Starkey, Philips, and Rexton across multiple form factors (RIC, BTE, ITE, ITC, CIC, IIC) bundled with professional audiology services. The core offering combines hearing aid hardware sales with in-clinic services including comprehensive hearing tests, custom fitting and programming, tinnitus retraining therapy, and ongoing after-sales adjustment and maintenance. Free no-obligation hearing consultations are provided as a customer acquisition tool at their physical hearing centers in Cyprus.

Product overview

Economou Hearing Centres is the No1 Hearing Rehabilitation Centre in Cyprus offering a comprehensive portfolio of hearing solutions. The company provides hearing aids from three major brands: Starkey (including Omega AI Enhanced, Edge AI, Signature Series, Genesis AI, and Evolv AI), Philips, and Rexton. These span multiple wearing styles: Receiver-In-Canal (RIC), Behind-The-Ear (BTE), In-The-Ear (ITE), In-The-Canal (ITC), Completely-In-Canal (CIC), and Invisible (IIC). The product ecosystem is complemented by Starkey accessories including TV Streamer, Remote Microphone+, Mini Remote Microphone, Remote Control, Table Microphone, and Consumables. The centre emphasizes AI-powered hearing technology from Starkey, particularly the Edge AI and Genesis AI lines featuring artificial intelligence for speech enhancement and noise reduction.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 8 out of 10 hearing aid users report significantly improved quality of life with modern hearing aids
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• StarkeycoreTechnology or IntegrationEconomou Hearing Centres is an authorized dealer of Starkey hearing aids, offering the complete Starkey product line including Omega AI Enhanced, Edge AI, Signature Series, Genesis AI, and Evolv AI. They provide fitting, programming, and after-sales services for Starkey products.
• PhilipscoreTechnology or IntegrationAuthorized dealer of Philips Hearing Aids, providing customers with additional brand options for hearing solutions including hearing aid types, connectivity features, and support services.
• RextoncoreTechnology or IntegrationAuthorized dealer of Rexton hearing aids including Reach inoX-CIC Li, Reach R-Li/R-Li T, ReCharge R-Li, and ReCharge B-Li/B-Li T models. Offers comprehensive fitting and support services.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Signia (WS Audiology): Major hearing aid brand owned by WS Audiology with global retail partnerships. Operates in the same premium hearing aid category Economou retails and is a comparable supplier-led brand.
• Sonova: Global hearing healthcare group (Phonak, Unitron, Hansaton) manufacturing hearing aids and operating retail audiology. Broader incumbent with vertically integrated manufacturing plus retail, overlapping with Economou's product brands and service model.
• GN Hearing: Manufacturer of hearing aids under the ReSound and Jabra brands with global reach. Broad incumbent in the same hearing aid supply category that Economou retails.
• Demant: Global hearing healthcare company (Oticon, Bernafon, Sonic) and one of the world's largest hearing aid manufacturers with retail operations. Broader incumbent overlapping in hearing aid supply and clinical audiology services.

Others

• Starkey: US-based hearing aid manufacturer whose product line (Edge AI, Genesis AI, Omega AI) is the core offering Economou retails. Supplier and partner relationship rather than direct competitor.

Direct peers

• Miracle-Ear: Specialized hearing aid retail chain with franchised centers offering professional testing, fitting, and after-sales service. Directly comparable as a multi-location audiology retailer with similar service-led GTM.
• Specsavers Hearcare: Optical and hearing care retailer offering hearing tests and hearing aids through high-street locations. Directly comparable as a multi-brand hearing care retailer with a similar in-store professional service model.
• Hidden Hearing: Large multi-brand hearing aid retailer operating clinics across Europe. Directly comparable as a hearing care chain offering professional assessments, fitting, and aftercare services from major hearing aid brands.
• Amplifon: Global leader in hearing aid retail and audiology services with thousands of points-of-sale across multiple countries. Directly comparable as a multi-brand hearing care retailer serving individual consumers with professional fitting services.
• Beltone: Hearing care retailer and manufacturer with owned retail networks providing audiology services and hearing aids. Directly comparable as a hearing care provider with both product and service offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• TikToktiktok.com/@economouhearingcentres
• Facebookfacebook.com/economouhearing
• LinkedInlinkedin.com/company/cyprus-hearing-centers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Economou Hearing Centres