Global ENT Devices Market, By Product (Diagnostic Devices, Surgical Devices, Hearing Aids, Hearing Implants, Co2 Lasers, Image-Guided Surgery Systems and Other Products), End-Users (Hospitals, ENT Centres, Clinics and Ambulatory Surgery Centres), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of ENT Devices Market
The ENT devices market is expected to grow for the forecast period of 2021-2028. The ENT devices market is expected to propel at a similar pace and will witness a CAGR of 6.7% for this period. This means that that market value is bound to grow.
ENT refers to eyes, nose and throat. Thus, from the name being clear itself, an ENT specialist’s job is to diagnose and treat any disease, infection or any discomfort relating to these human body parts. The products of ENT devices market are utilized widely for different purposes. Hearing inabilities are by and large restored by gadgets or added upholds like hearing tubes, and so on, however at times, these impairments require surgeries. The ENT devices market is seeing huge development because of the expanding predominance of on-going infections and wounds, and the aging populace. Diagnosis of ENT illnesses can be brought out through two strategies, to be specific, screening devices and endoscopes.
Increasing number of geriatric population is the biggest ENT devices market growth driver. Apart from that, the technological advancement along with the emergence of new market players is further booming the growth. Also, the increasing number of ENT disorders is driving the market in upward direction. With the growth of healthcare sector and increased investment in healthcare infrastructure and technology, the market value of ENT devices market is bound to rise. Favourable ENT reimbursement policies have also pushed the market in positive direction.
On the contrary, the high cost involved in acquiring and investing in ENT devices is hampering the growth of the market. Inadequate healthcare facilities in the underdeveloped countries pull down the market from growing. Also lack of awareness regarding the full potential of the ENT devices also proves to be a growth restraint.
This ENT devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ENT devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global ENT Devices Market Scope and Market Size
ENT devices market is segmented on the basis of product and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the ENT devices market is segmented into diagnostic devices, surgical devices, hearing aids, hearing implants, Co2 lasers, image-guided surgery systems and other products. Diagnostic devices are further sub-segmented into endoscopes, flexible endoscope and hearing screening devices. Endoscopes in turn are further bifurcated into rigid endoscopes, otoscopes and sinuscopes. Flexible endoscopes are sub-segmented into rhinoscopes, laryngoscopes, pharyngoscopes and nasopharyngoscopes. Surgical devices are further sub-segmented into powered surgical instruments, radiofrequency (RF) handpieces and handheld instruments, balloon sinus dilation devices, ENT supplies, ear tubes and voice prosthesis devices. Here, handheld instruments are further sub-segmented into rhinology instruments, otology instruments, laryngeal instruments, head and neck surgery instruments and other handheld instruments. ENT supplies are also sub- segmented into packing material and nasal stents & splints.
- ENT devices market has also been segmented based on the end users into hospitals, clinics and ambulatory surgery centres.
ENT Devices Market Country Level Analysis
ENT devices market is analysed and market size insights and trends are provided by country, product and end users as referenced above.
The countries covered in the ENT devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America assumes the top position of all the regions on the basis of largest market share. Favourable reimbursement policies, good healthcare infrastructure and high cases of ENT disorders have enable the region to top the chart in terms of market share. According to the recent trends, Asia-Pacific is bound to witness a significant growth rate and will exhibit the highest CAGR for the forecast period.
The country section of the ENT devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and ENT Devices Market Share Analysis
ENT devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ENT devices market.
The major players covered in the ENT devices market report are Cochlear Ltd., Medtronic, Stryker, Demant A/S, Olympus Corporation, Richard Wolf GmbH., MED-EL Medical Electronics., Sonova., FUJIFILM Corporation, Zhejiang Shendasiao Medical Instrument Co.,Ltd, Nurotron Biotechnology Co. Ltd., Tian Song All Rights Reserved., Shanghai Fosun Pharmaceutical(Grou Co., Ltd., Danaher., Happersberger otopront GmbH, Accurate Surgical & Scientific Instruments Corporation, Gem Optical Instruments Industries., Jaywant Surgical Works, Mumbai., Aadrash Surgical and Otica Group among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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