ENT Devices Market by Product, (Diagnostic Devices, Surgical Devices, Hearing Aids, Hearing Implants, Co2 Lasers and Image-Guided Surgery Systems), By End User (Hospitals, Home Use, Ambulatory Settings and ENT Clinics) - Analysis & Forecast 2019-2030
Report ID : 100 | Published Date : May 2019 | Pages : 150 | Region : global | Report Code : MD-52
ENT Devices Market Overview and Introduction
ENT devices market was estimated to be over US$ 16 Bn in 2018. It is anticipated to grow at a substantial CAGR from 2019 to 2030
ENT devices are special equipment’s used for detection, therapy, or surgery of any ailments related to the ear, nose, or throat. They are used to treat conditions that affect the senses such as hearing and balance disorders or smell and taste problems. Moreover, they are also used to treat patients with conditions that affect their voice, breathing and swallowing as well as those with head and neck tumors including the skull base and interface with the brain.
The global market is driven by cumulative occurrence of ear, nose and throat related disorders coupled with growing acceptance of minimally invasive ENT procedures and rapidly growing geriatric population. Moreover, favorable reimbursement scenario for ENT procedures in developed countries, growing presence of prominent players in the ENT devices market, technological advancements are expected to propel this market during the forecast period. However, high prices of instruments and procedures are likely to restrain the market to a certain extent during forecast period.
ENT Devices Market by Product
On the basis of product, the market is segmented into diagnostic devices [rigid endoscopes (otoscopes and sinuscopes), flexible endoscopes (rhinoscopes, laryngoscopes ,pharyngoscopes, nasopharyngoscopes) and hearing screening 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, ear tubes, voice prosthesis devices, ENT supplies (packing material and nasal stents & splints)], hearing aids, hearing implants, CO2 lasers and image-guided surgery systems. Hearing aids segment is estimated to account for the largest share in this market as there is a high occurrence of hearing loss, growing geriatric population and rising number of product approvals.
ENT Devices Market by End Users
Similarly in terms of end users the market can be segmented into hospitals, home use, ambulatory settings and ENT clinics. The ambulatory settings segment is estimated to grow at a robust CAGR during the forecast period.
ENT Devices Market by Region
On the basis or region, this market is segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market during forecast period. North America will continue to dominate the global market due to the increasing awareness level among practitioners and patients, favorable government initiatives and well-established healthcare infrastructure. Though, Asia Pacific is expected to grow at highest CAGR during the forecast period owing to rising preference for minimally invasive ENT surgeries, rising prevalence of hearing loss and disorders and less-stringent regulatory guidelines in the region.
ENT Devices Market by Prominent Players
The prominent players in the global surgical loupes market are Medtronic, CONMED Corporation, UNITECH VISION, Olympus Corporation, AventaMed DAC, PENTAX Medical KARL STORZ SE & Co. KG, Stryker, Smith & Nephew and Starkey among others.