ENT devices are used by Otorhinolaryngologists also known as ENT surgeons where ENT stands for ear, nose and throat. ENT surgeons use ENT devices to treat various medical conditions concerning hearing disorders or smell and taste problems, problems that affect a patient’s voice, breathing and swallowing disorders, also the head and neck tumours and interface with the brain problems. Everyone from a newborn baby to an elderly person can have such a problem concerning ENT. Generally these surgeons do not need to do a surgery but they are able to perform wide range of operations on the patient.
ENT Devices Market – Competitive Insights:
The major players in the market are GN ReSound A/S, RION CO LTD, Widex, Welch Allyn, William Demant, Siemens Healthineers, Sonova, Atos Medical AB, Starkey Laboratories and Cochlear Limited. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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ENT Devices Market – Industrial Outlook and Trend Analysis:
The ENT Devices Market was worth USD 9.68 billion in 2014 and is expected to reach approximately USD 17.24 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.62% during the forecast period. Increasing populations of elderly people, expanding predominance of ENT related issues, developing government activities are among the key patterns fortifying business sector development. The developing advancements in technology play an essential part in the development of the market. Increasing aged population worldwide is prompting expanded commonness of age-related ailments, for example, decrease in functioning levels of ENT and hearing loss. This, thusly, is anticipated to enlarge the market. Rising dispensable income and well-established healthcare foundation are likewise anticipated to work for the market.
The ENT Devices Market is segmented as follows-
ENT Devices Market – By Product:
ENT Devices Market – Product Outlook and Trend Analysis:
Based on product, the market can be divided into surgical devices, diagnostic devices, hearing aids, nasal splints, and hearing implants. In 2015, hearing aids represented the biggest income share in the market. Rising predominance of hearing loss and incapacity is converting into more prominent use of most advanced technology to enable audiologists to better comprehend and treat these diseases. Furthermore, advent of easy to understand and mechanically propelled devices is adding to the development of the fragment.
ENT Devices Market – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
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ENT Devices Market – Regional Outlook and Trend Analysis:
North America was the key income supporter in 2015. Rising level of awareness among professionals and patients, well-established healthcare infrastructure, and supportive government activities are a portion of the essential elements supplementing the development of the ENT devices market in the area. Europe is the second biggest area and has high product penetration for hearing aids because of entrenched medicinal services framework and high level of awareness in patients.
ENT Devices Market – Table of Contents:
- Executive Summary
- Market Overview
- Market Analysis by Regions
- ENT Devices Market, By Product
- ENT Devices Market, By Region
- Company Profiles
- Global ENT Devices Market Competition, by Manufacturer
- ENT Devices Market Forecast (2018-2023)
Market for ENT Devices:
The market driving factors for the global market for ENT devices are increase in volume of geriatric population and minimally invasive ENT procedures made possible by technological advancements. The global market for ENT Devices was evaluated atUSD 10.2Billion in 2015 and is expected to reach USD 14 Billionin 2020 rising at a CAGR of 6.5% during the next few years. Aging is a critical factor in hearing loss and will fuel the market growth.
North America dominates the market because of 20% of the population over age of 60 suffering from hearing disorders. Demand of ENT devices will rise in Asia Pacific region also withthe increase in government initiatives to promote ENT devices.
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Various Surgeries performed by ENT Devices
- Tonsillectomy: Removal of tonsils.
• Septoplasty: For removing obstacles from nasal septum.
• Microlaryngoscopy: For the examination of larynx.
• Oesophagoscopy: For the observation of disorders of food pipe, a long tube is inserted into it.
• tympanomastoid surgery: For the removal of cholesteatoma from the ear.
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