The global ENT medical devices market size was significantly robust in 2022 and is expected to register a steady revenue CAGR over the forecast period. Major factors driving global market revenue growth are rising prevalence of ENT related disorders, rapidly increasing geriatric population, and technological advancements in medical devices. In addition, improvement in healthcare infrastructure, along with rising health awareness and government initiatives to prevent ENT disorders, are some key factors boosting demand for ENT medical devices.
Increasing number of aging population suffering from various ENT related disorders is one of the major driving factors of ENT medical devices market. In addition, increasing incidence of hearing loss, chronic sinusitis, ear infections, high demand for cosmetic ENT procedures, and rising disposable income is expected to drive market revenue growth over the forecast period. Aging population is more susceptible to throat infections due to weaker immunity. Major players operating in global market are focusing on increasing production of quality products to meet rising demand from healthcare industries. Increasing production of diagnostic devices, surgical instrument hearing aids, hearing implants, CO2 lasers, etc., propel demand for ENT medical devices. Technological advancements, R&D activities, advanced healthcare services & treatments, and presence of skilled ENT professionals in developing countries contribute to the market growth. Increasing awareness of various surgical procedures and ENT treatments further drives the global market growth.
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High cost of medical devices is a major restraining factor that could hamper growth of the global market. Lack of skilled ENT professionals in underdeveloped and some developing countries and a number of individuals opting for home remedies and traditional treatments instead of visiting professionals for diagnosis and treatment are some key factors expected to restrain market revenue growth. In addition, high cost of visiting an expert and subsequent costs following diagnosis are other key factors restraining growth to some extent.
Based on the product segment, the global market is segmented into diagnostic devices, surgical devices, hearing aids, and CO2 lasers. The diagnostic devices segment accounted for largest revenue share among the product segments in global market in 2020. Rising health awareness, increasing geriatric population, and government initiatives to prevent ENT disorders are some key factors driving revenue growth of this segment.
Based on the end-use segment, the global market is segmented into home care settings, hospital & ambulatory settings, and ENT clinics. The ENT clinics segment accounted for robust revenue share among the product segments in the global market in 2020. Clinics are the first point of care before individuals can be referred to a hospital for advanced treatment if required. Majority of minor ENT-related treatments are administered at clinics, and this is a major factor supporting revenue growth of this segment.
North America market is expected to account for a substantially large revenue share during the forecast period. Increasing prevalence of ENT disorders, established healthcare infrastructure, rising health awareness, and favorable government initiatives propel growth of the market in this region. Technological advancements in the development of medical devices is further expected to positively impact market growth.
Asia Pacific market revenue is expected to register the fastest revenue CAGR as market players are adopting different strategies to increase revenue opportunities. Presence of some major players in countries such as China and India, along with rapidly increasing aging population, is attributable to rapid revenue growth.
Companies profiled in the market report
Major companies are expanding their business and focusing on innovative strategies, including mergers, acquisitions, partnerships, and new product development to stay ahead of the competition and generate more revenue opportunities.
Some major companies in the global ENT medical devices market are Siemens Healthcare, Widex A/S, Atos Medical AB, Starkey Laboratories Inc., GN ReSound A/S, William Demant Holding A/S, Sonova Holding AG, Cochlear Limited, Rion Co., Ltd., Welch Allyn, Hoya Corporation, Johnson & Johnson Services, Inc., Karl Storz Gmbh & Co. Kg, Medtronic PLC, Olympus Corporation, Smith & Nephew PLC, Stryker Corporation, Sonic Innovations Inc., Beltone, Avada Hearing Care, Miracle-Ear Inc., MED-EL GmbH, NuEar Hearing Aids Inc., American Hearing Systems Inc., Unitron Hearing Inc., and Zounds Inc.
Segments covered in the report:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global ENT medical devices market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global ENT medical devices market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
For the purpose of this report has segmented the global ENT medical devices market on the basis of product, end-use, and region:
Product Outlook (Revenue, USD Billion, 2023 – 2032)
- Diagnostic Devices
- Surgical Devices
- Powered Surgical Instruments
- Radiofrequency (RF) Handpieces
- Handheld Instruments
- Rhinology Instruments
- Otology Instruments
- Laryngeal Instruments
- Head and Neck Surgery Instruments
- Balloon Sinus Dilation Devices
- ENT Supplies
- Packing Material
- Nasal Stents & Splints
- Ear Tubes
- Voice Prosthesis Devices
- Hearing Aids
- Hearing Implants
- Co2 Lasers
- Image-Guided Surgery Systems
End-use Outlook (Revenue, USD Billion, 2023 – 2032)
- Home Care Settings
- Hospital & Ambulatory Settings
- ENT Clinics
Region Outlook (Revenue, USD Billion, 2023 – 2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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