According to Precedence Research, the global ENT device market size is expected to be worth approximately US$30.5 billion by 2030 and grow at a CAGR of 5% during the forecast period 2021 to 2030.

/EIN News/ — Ottawa, Feb. 09 2022 (GLOBE NEWSWIRE) — The world ENT devices market size was valued at 21.5 billion US$ in 2021. Factors driving the growth of the market are increasing geriatric population, increasing prevalence of ENT related disorders, increasing penetration minimally invasive ENT procedures. Additionally, technological advancements in devices such as robot-assisted endoscope systems are leading to enhanced market growth.

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Additionally, ENT devices are registering their brand in hospitals and clinics as increasing spending on healthcare facilities by public and private hospitals and rising per capita are likely to augment the market growth.

Factors that are increasing the market are the rising prevalence of ear, nose and throat related disorders. According to data from the World Health Organization in 2018, in the United States the incidence of hearing loss increased from 11.5 million in 2008 to almost 15 million in 2018. ENT devices are expected to change the way including hospitals and clinics by introducing innovative methods and ideas.

Report cover ENT Devices Market

Report Highlights Details
Market size in 2021 US$21.5 billion
Growth rate from 2021 to 2030 5%
Biggest earner North America
Fastest growing region Asia Pacific
By product
Per end user
  • Hospitals
  • Ambulatory parameters
  • ENT clinics
  • Research institutes and universities
  • Others

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Report Highlights

  • Based on the productthe diagnostic devices segment accounted for the largest revenue share, 29% in 2020. This can be attributed to the increase in the geriatric population as well as the rising prevalence of various ear, nose and throat disorders. the throat (ENT).
  • Hearing aids segment is expected to grow at the fastest rate over the forecast period owing to increasing adoption of these devices and technological advancement owing to increased investment by market players in R&D.
  • Based on end user, hospital segment was the leading segment in 2020. Rising prevalence of diseases coupled with increasing number of hospitalizations contributed significantly to the growth of this segment over the past few years. Moreover, increasing investment for the development of better healthcare infrastructure is driving the growth of hospitals, especially in developing regions.

Regional scope

North America dominated the market and garnered 36% revenue share in 2020. This is attributed to the increased adoption rate of latest technologies in countries like the United States and Canada. The presence of a large number of market players. Major factors that are generating major demand for ENT devices are better healthcare infrastructure, favorable reimbursement policies, high cases of chronic sinusitis and other ENT disorders.

The Europe region accounted for the second largest revenue share in 2020. The region has high product penetration for hearing aids due to well-established healthcare infrastructure and high level of patient awareness.

Asia Pacific is expected to be the most opportunistic market during the forecast period. Increasing government spending to develop sound healthcare infrastructure and government policies to attract FDI are expected to play a significant role in the growth of the ENT devices market in the region. Presence of huge population and increasing number of hospital admissions will drive the demand for ENT devices in Asia-Pacific region and drive the market growth over the forecast period.

The rising prevalence of ear, nose and throat related disorders among the population will drive the demand for ENT devices. Moreover, increasing adoption of minimally invasive ENT procedures and advancements in technology are driving the growth of the market.

The high costs of instruments and the procedure associated with capital in both underdeveloped and developing countries may hamper the growth of the market over the forecast period.

The introduction of latest technologies such as artificial intelligence and machine learning can provide growth prospects for market players in the near future and drive the growth of the market.

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Some of the key players in the Global ENT Devices Market include:

  • Applicant A/S
  • Sonova
  • Ambu A/S
  • Pentax Medical
  • Karl Storz
  • Olympus Society
  • Richard Wolf Gmbh
  • Widex
  • Cochlear Ltd.
  • Sivantos, Inc.

By geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • AEM

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