Press Release

Apr, 25 2024

Increasing Prevalence of ENT Disorders is driving the Growth of the Global ENT Devices Market

The global ENT devices market is witnessing significant growth driven by the increasing prevalence of Ear, Nose, and Throat (ENT) disorders. Conditions such as sinusitis, rhinitis, and obstructive sleep apnea are becoming more common, leading to a higher demand for effective treatment options. Chronic sinusitis, a prevalent ENT condition, affects a considerable part of the population and is characterized by inflammation and swelling of the sinuses, resulting in symptoms like nasal congestion and facial pain.

Another common ENT disorder, allergic rhinitis, is triggered by exposure to allergens and manifests in symptoms such as sneezing and nasal itching. The global incidence of allergic rhinitis is increasing due to factors such as pollution and changes in diet. The rising incidence of these ENT disorders has led to an increased demand for diagnostic and treatment options, driving the growth of the global ENT devices market. ENT devices are essential tools in the diagnosis and management of these conditions. As the incidence of these conditions continues to rise, there is a growing need for advanced diagnostic tools and treatment options. This trend is expected to fuel the growth of the ENT device market.

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Data Bridge Market Research analyzes that the Global ENT Devices Market is expected to reach USD 3.97 billion by 2031 from USD 2.15 billion in 2023, growing with a CAGR of 8.1% in the forecast period of 2024 to 2031. The tonsillectomy & adenoidectomy segment is projected to propel the market growth due to the rising adoption of ENT treatments and services.

Key Findings of the Study

ENT Devices Market

Growing Demand for Minimally Invasive Procedures

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable 2016-2021)

Quantitative Units

Revenue in USD Billion

Segments Covered

Procedure Type (Tonsillectomy & Adenoidectomy, Tympanostomy Tube Insertions, Septoplasty, Turbinate Reduction, Epistaxis, and Laryngeal), End User (ENT Clinics, Hospitals, Ambulatory Settings, and Others), Distribution Channel (Direct Tender, Retail Sales, and Online Sales)

Countries Covered

U.S., Canada, Germany, France, U.K., China, Japan, India, South Korea, Australia, Brazil, Mexico, Colombia, Chile, South Africa, and Saudi Arabia

Market Players Covered

Smith+Nephew (U.K.), Medtronic (Ireland), Boston Scientific Corporation (U.S.), KARL STORZ SE & CO. KG, Tuttlingen (Germany), Olympus Corporation (Japan), Stryker (U.S.), KLS Martin Group (Germany), Narang Medical Limited (India), Dimed Laser (Germany), biolitec GmbH & Co KG (Germany), IRIDEX Corporation (U.S.), Symmetry Surgical Inc. (U.S.), Sutter Medical Technology GmbH (Germany), A.R.C. Laser GmbH (Germany), ASCLEPION (Germany), Medency (Turkey), ECO Medical (Turkey), and Advin Health Care (India), among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework

Segment Analysis

Global ENT devices market is segmented into three notable segments based on procedure type, end user, and distribution channel.

  • Based on procedure type, the global ENT devices market is segmented into tonsillectomy & adenoidectomy, tympanostomy tube insertions, septoplasty, turbinate reduction, epistaxis, and laryngeal.

In 2024, the tonsillectomy & adenoidectomy segment is expected to dominate the global ENT devices market

In 2024, the tonsillectomy & adenoidectomy segment is expected to dominate the market with a market share of 29.90% due to the rising aging population.

  • Based on end user, the global ENT devices market is segmented into ENT clinics, hospitals, ambulatory settings, and others

In 2024, the ENT clinics segment is expected to dominate the global ENT devices market

In 2024, the  ENT clinics segment is expected to dominate the market with a market share of 41.67% due to the rising reimbursement trends.

  • Based on distribution channel, the global ENT devices market is segmented into direct tender, retail sales, and online sales. In 2024, the direct tender segment is expected to dominate the market with a market share of 46.98%

Major Players

Data Bridge Market Research analyzes Smith+Nephew (U.K.), Medtronic (Ireland), Boston Scientific Corporation (U.S.), KARL STORZ SE & CO. KG, Tuttlingen (Germany), Olympus Corporation (Japan) as the major players operating in this market.

ENT Devices Market

Market Development

  • In June 2024, Dimed Laser will exhibit at FIME 2024, the premier medical trade event in the Americas, connecting over 15,000 healthcare professionals and 1,300 exhibitors. This event offers a unique opportunity to discover cutting-edge products and engage in discussions about the future of healthcare
  • In January 2024, Iridex Corporation announce the launch of its next-generation platform, the Iridex 532 and Iridex 577 Lasers, in the United States. This launch will enhance Iridex Corporation's product line and market presence, reinforcing its position as a leader in innovative laser-based medical systems for eye disease treatment
  • In March 2023, Smith+Nephew, has announced new scientific research results demonstrating that its COBLATION Intracapsular Tonsillectomy (CIT) technique can improve post-operative outcomes compared to total tonsillectomy techniques. This research highlights the effectiveness of Smith+Nephew's COBLATION Intracapsular Tonsillectomy (CIT) technique, potentially boosting the company's reputation and market position in the field of tonsillectomy procedures
  • In October 2022, Aspen Surgical Products, Inc., a leader in disposable surgical products and a portfolio company of Audax Private Equity, has announced the acquisition of Symmetry Surgical from RoundTable Healthcare Partners. This acquisition will expand Aspen Surgical's product portfolio and market presence, strengthening its position as a leader in disposable surgical products
  • In May 2022, Medtronic plc announced that it has completed the acquisition of Intersect ENT, growing the company's comprehensive Ear, Nose, and Throat (ENT) portfolio with innovative products used in sinus procedures to improve post-operative outcomes and to treat nasal polyps

Regional Analysis

Geographically, the countries covered in the global ENT devices market report are the U.S., Canada, Germany, France, U.K., China, Japan, India, South Korea, Australia, Brazil, Mexico, Colombia, Chile, South Africa, and Saudi Arabia.

As per Data Bridge Market Research analysis:

North America is expected to be the dominant and fastest growing region in the global ENT devices market

North America is expected to be the dominant and fastest growing region in the global ENT devices market due to factors such as high healthcare expenditure, advanced healthcare infrastructure, and a large patient pool with ENT disorders.

For more detailed information about the global ENT devices market report, click here – https://www.databridgemarketresearch.com/reports/global-ent-devices-market


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