Global The ENT Devices Market is valued at around USD 16.2 billion in 2022 and is expected to reach USD 22.3 billion by 2030, registering a CAGR of 6.6% over the forecast period. For the treatment of a variety of ear, nose, and throat disorders, ENT equipment is essential. The accuracy and dependability of these devices are crucial because of the intricate nature of the organ and its critical placement. Imaging technology is built into some ENT devices, which improves the visualization of anatomical characteristics and reduces the risk of associated injuries.
The demand for contemporary ENT devices and systems, such as robot-assisted endoscopes, is low in emerging economies due to their expensive cost and the fact that their use is mostly restricted to wealthy countries like the U.S. It is anticipated that increased healthcare spending by other nations and rising per capita income will significantly expand market penetration. Sales are anticipated to increase significantly in developing countries due to the high prevalence of ENT conditions like hearing loss and sinusitis as well as greater efforts to improve access to healthcare facilities in these countries.
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Modern ENT equipment and technologies, such as robot-assisted endoscopes, are not widely used in emerging economies due to their expensive cost and limited availability outside of developed nations like the U.S. The predicted growth in market penetration, however, is due to increased per capita income and higher healthcare expenditures by other nations. Sales in developing countries are anticipated to climb quickly due to the high prevalence of ENT conditions like hearing loss and sinusitis as well as greater efforts to improve access to healthcare facilities in these countries.
The sector is expanding thanks to the application of cutting-edge technologies like AI and ML as well as improvements in audio goods. For instance, the health technology company Audibel unveiled the AI hearing aid Arc-AI in October 2021. It is configured to automatically modify hearing volume and comes in a range of styles, including behind-the-ear and entirely in-canal.
The rising older population and the prevalence of different ENT ailments are two major factors influencing the global market for ENT devices. Products or devices in the global market for ENT devices are used for a variety of purposes depending on the type of therapy the patient receives.
Growing pressure on the healthcare industry to reduce costs, favorable reimbursement policies in some developing as well as developed economies, and sizeable investments made by governments and private sector players for the development of healthcare technologies and infrastructure are some of the key drivers for the global ENT devices market in the upcoming years.
Top Key Players of Global ENT Devices Market:
WIDEX A/S
Siemens Healthcare GmbH
William Demant Holding A/S
Sonova
Cochlear Ltd.
Starkey
Welch Allyn
GN Hearing A/S
Atos Medical
RION Co., Ltd.
The ENT Devices Market – Segmentation
On the basis of products, the ENT Devices Market is bifurcated into:
- Diagnostic devices
- Surgical devices
- Hearing aids
- Hearing implants
- Co2 lasers
- Image-guided surgery systems
- others
On the basis of end-user, the market is segmented into:
- home use
- hospitals and ambulatory settings
- ENT clinics
- others
On the basis of type, the market segmented into:
- Clinical trials
- Clinical settings
- Others
On the basis of end-user, the market segmented into:
- Biopharmaceutical companies
- Payers
- Providers
- Others
Market Segmented by Region:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, Australia, Malaysia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Objectives of the Study:
- To provide with an exhaustive analysis on the ENT Devices Market by Product, By Application, By End User and by Region.
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
