The ENT diagnostic device market is expected to reach US $ 2.3 billion in 2019, according to a new study from Fact.MR. The market grew 6.3% year-on-year in 2018, with bronchoscopes accounting for nearly a third of global revenue.

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The overall growth of the ENT diagnostic devices market can be attributed to,

  • Incorporation of advanced technologies in ENT diagnostic devices
  • Favorable reimbursement policies for ENT procedures
  • Development of efficient and low-cost devices

According to the Fact.MR study, it is estimated that ENT endoscopes account for more than half of the ENT diagnostic device market revenue in 2019. Endoscopy has played an important role in the diagnosis of diseases of the ears, nose and throat as well as in the success of the treatment. the results. For this reason, ENT endoscopes have become the most common devices in ENT clinics.

The study finds that bronchoscopes are expected to capture over 60% of ENT endoscope revenue in 2019. A higher replacement rate and application for multiple indications may be responsible for a significant portion of bronchoscope revenue. In addition, Fact.MR notes that the basis for installing bronchoscopes remains higher. In the United States alone, approximately 27,237 bronchoscopes were installed in 2017, according to estimates by Fact.MR.

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The study reveals that hearing screening devices are likely to represent the second highest revenue in the ENT diagnostic devices market. According to Fact.MR’s assessment, worldwide, more than 71,000 hearing screening devices were installed in 2017.

Wearable devices record top revenue, popularity of portable and fixed devices continues

Fact.MR finds that end users of ENT diagnostic devices prefer portable devices. However, the preference for portable and fixed devices remains comparable. Due to their distinct functions, portable, handheld and stationary devices continue to have roughly equal market share.

Among end users, hospitals account for the largest revenue share in the ENT diagnostic device market. In 2018, more than 61% of the market share was held by hospitals. The status quo is expected to continue in the future, with hospital infrastructure becoming increasingly sophisticated and well-equipped with ENT diagnostic devices.

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North America and Europe collectively held more than 58% of sales in 2018

The study reveals that ENT diagnostic devices market revenue remains strongly consolidated in North America, Europe and APEJ regions. Collectively, the markets in these regions accounted for over four-fifths of global revenues in 2018.

North America has become the spearhead of the ENT diagnostic device market. A large population in the United States suffers from ENT disorders such as sinusitis and tinnitus. In addition, the prevalence of lung cancer, the second most common cause of cancer in the United States, is on the rise. Advanced healthcare infrastructure and favorable reimbursement scenario that covers ENT procedures in the region are responsible for the market leading share of ENT diagnostic devices.

Chapter 1 – Executive summary

The report begins with the ENT Diagnostic Devices Market executive summary chapter, which highlights key findings and key statistics of the ENT Diagnostic Devices market. The chapter also includes information on the market value estimates (in millions of US $) of major segments of the ENT Diagnostic Devices market.

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Chapter 2 – Market introduction

In this chapter of ENT Diagnostic Devices Market report, readers can find the definition of ENT Diagnostic Devices and the introduction to the ENT Diagnostic Devices market. The ENT Diagnostic Devices Market report also provides information on the taxonomy of the ENT Diagnostic Devices market.

Chapter 3 – ENT Diagnostic Devices Market Overview

In this chapter of ENT Diagnostic Devices Market report, readers can find insights such as value chain analysis, price analysis, price assumptions, retreatment cost analysis endoscopes, the prevalence and treatment rate of ENT diseases and the unmet need in the ENT diagnostic devices market.

Chapter 4 – Market dynamics

In this chapter of ENT Diagnostic Devices Market report, readers can find market drivers, industry challenges, industry trends, opportunity assessment, macroeconomic factors, analysis PESTLE, Porter’s analysis, and an overview of key regulations and the reimbursement landscape.

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Chapter 5 Global ENT Diagnostic Devices Market Analysis and Forecast

This chapter provides detailed information about the ENT Diagnostic Devices market structure. Based on the product type, the ENT diagnostic devices market is segmented into ENT endoscopes, electromagnetic navigation bronchoscopy systems, and hearing screening devices. On the basis of modality, the ENT diagnostic devices market is segmented into wearable devices, wearable devices, and stationary devices. Based on the end user, the ENT diagnostic devices market is segmented into hospitals, ENT clinics, and outpatient surgery centers.

The Fact.MR report tracks the ENT diagnostic devices market for the period 2018-2028. ENT Diagnostic Devices Market Expected To Grow 6.1% CAGR Through 2028, Report Says.

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