[3] Already before World War I, Oticon increased its sales volume to cover Scandinavia and Saint Petersburg.

During World War II, Oticon started its own production due to the scarcity of goods from other countries.

In February 2017, it was announced that then-President and CEO Niels Jacobsen would step down after 25 years in charge of the company.

Since 1 April 2017[update], the company has been led by President and CEO Søren Nielsen and by board chairman Niels B.

[6] In April 2022, Demant announced it had agreed to sell Oticon Medical to Australian company Cochlear Limited for DKK850 million and would exit the hearing implant business.