Selbyville, Delaware, June 07, 2022 (GLOBE NEWSWIRE) —

ENT devices market value is expected to reach $36 billion by 2030, according to a new research report by Global Market Insights Inc. The increase in the number of pathology laboratories and departments equipped with advanced diagnostic systems will increase the size of the market.

The growing geriatric population will drive the expansion of the market. For example, according to WHO statistics, geriatrics are expected to increase by more than 16% by 2050. As aging leads to lower immunity levels in geriatrics, they become prone to ENT problems. In addition, deafness and other hearing disorders are becoming very common among older people. Such incidents will increase the demand from the industry in the years to come.

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The ENT devices market of the hearing implant segment was valued at USD 1.9 billion in 2021 owing to the growing prevalence of hearing disorders among adults and children. For example, according to the National Institute on Deafness and Other Communication Disorders (NIDCD), nearly 2 to 3 in every 1,000 children in the United States are born with significant hearing loss in one or both ears. Additionally, the advancement in technology for manufacturing new hearing aids is another aspect that influences the overall market statistics.

Some of the key findings of the ENT Devices Market report include:

  • The growing prevalence of ear, nose and throat disorders among the adult population will determine the market landscape.
  • The availability of miniature hearing aids will positively influence the market revenue.
  • Technological advancements in ENT devices such as diagnostic devices, hearing aids, and sinus dilators will propel industry trends.
  • The growing demand for minimally invasive surgery will drive the market demand.
  • However, the high cost of procedures and instruments can hamper the progress of the business to some extent.

Browse key industry information spread over 170 pages with 229 market data tables and 10 report figures and graphs, “ENT Devices Market Analysis by Product Type (Ear, Nose, and Throat (ENT) Diagnostic Devices) [Rigid Endoscopes {Rhinoscopes, Laryngoscopes, Otological Endoscopes}, Flexible Endoscopes, Robot Assisted Endoscope, Hearing Screening Device]Surgical devices for the ear, nose and throat (ENT) [Radiofrequency Handpieces, Powered Surgical Instrument, Otological Drill Burrs, ENT Hand Instruments, Tympanostomy Tubes, Sinus Dilation Devices, Nasal Packing Devices]Hearing Aids {In-The-Ear (ITE), Receiver ITE, Behind-The-Ear, Canal Hearing Aids ITC, CIC, IIC}, Hearing Implants {Hearing Brainstem Implants, Cochlear Implants, Middle Ear Implants, Bone Anchored Hearing System}, Voice Prosthetic Devices, Nasal Splints {Internal Nasal Splints, External Nasal Splints}), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share and Forecast, 2022- 2030in detail with the table of contents:

The ENT clinics segment exceeded USD 3 billion in 2021. With an increase in the prevalence of ear, nose, and throat disorders among geriatric people, the demand for ENT clinics is expected to increase over the next few years. People prefer ENT clinics to treat a wide variety of conditions such as oropharyngeal cancer, chronic or fungal sinusitis, hearing loss, and obstructive sleep apnea. Additionally, rising healthcare awareness among patients and surgical professionals is expected to increase the growth of the segment.

The Asia-Pacific ENT devices market is estimated to witness a lucrative CAGR of 8.6% during the forecast period. A large pool of patients in the APAC region suffering from hearing disorders and throat infections will drive the demand for ENT diagnostic and surgical equipment. Additionally, governments in emerging markets are actively supporting the development of ENT procedures and organizing campaigns to raise awareness of ENT disorders. Additionally, the government is taking several initiatives to reduce the price of ENT surgeries that will address the affordability issues, thereby propelling the regional industry forecast.

Some of the major players operating in the ENT devices market include Accelerant (Johnson & Johnson), Atos Medical, Boston Scientific, Cochlear Limited, Demant (Oticon), Lumenis Be Ltd, Medtronic, Meril Life Sciences Pvt. Ltd, Narang Medical Limited, PENTAX Medical, Signia, Smith & Nephew, Sonova Group, Starkey, Stryker, Surgiform Innovative Surgical Products and Welch Allyn.

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About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services. Offering syndicated and custom research reports, growth advisory and business intelligence services, Global Market Insights Inc. aims to help clients with penetrating insights and actionable market data that facilitates strategic decision-making.