Global ENT Devices Market is expected to rise from its initial estimated value of USD 18.5 billion in 2018 to an estimated value of USD 30.62 billion by 2026 registering a CAGR of 6.5% in the forecast period of 2019-2026. This rise in the market can be attributed to high prevalence of chronic sinusitis, rapidly growing aging population and advanced technologies. Few of the major market competitors currently working in ENT devices market are Medtronic plc, Olympus Corporation, KARL STORZ GmbH & CO. KG, Stryker Corporation, Smith & Nephew plc, Hoya Corporation, Acclarent, Inc. (a Johnson & Johnson Company), Sonova Holdings AG, William Demant Holdings A/S, Cochlear Limited, Starkey Hearing Technologies, Fazzini, Endolook, Ecleris S.R.L., SOPRO SA, MEDSTAR.CO.LTD, Etermed, Happersberger otopront GmbH.
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The global ENT devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ENT devices market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Global ENT Devices Market By Product (Diagnostic devices, Surgical devices, Hearing Aids, Hearing implants,Co2 Lasers, Image-Guided Surgery Systems), End User (Hospitals, ASC’s, ENT clinics and Homecare), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
To perceive the most influencing pivoting and hindering forces in ENT Devices Market and its footprint in the international market.
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Focuses on the key global ENT Devices Market players, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of ENT Devices Market submarkets, with respect to key regions (along with their respective key countries).
To strategically profile the key players and comprehensively analyze their growth strategies
To analyze the ENT Devices Market with respect to individual growth trends, future prospects, and their contribution to the total market.
Market Definition: Global ENT Devices Market
ENT devices are the devices used for the diagnosis or treatment of ear, nose, Throat, head and neck disorders. The specialty includes: management of patients with loss of hearing, endoscopic examination of air and food passages, treatment of allergic, sinus, laryngeal, thyroid and oesophageal disorders.
- Favorable reimbursement scenario for ENT procedures in developed countries
- Growing adoption of minimally invasive ENT procedures
- Increasing presence of prominent players
- Technological advancements
- High prevalence of chronic sinusitis
- Rapidly growing aging population
- High cost of C02 Lasers.
- Lack of reimbursement for hearing aids
- Change in reimbursement policy based on various countries
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Key Developments in the Market:
- On 8th November 2018, Cochlear Limited (Australia), the global leader in implantable hearing solutions, and GN (Denmark), the global leader in intelligent audio solutions, signed a new agreement to significantly expand their Smart Hearing Alliance collaboration.
- On 4th October 2018, Olympus Introduces OER-Mini Endoscope Reprocessor for ENT. It is a tabletop endoscope device, an advanced product over manual reprocessing for busy ENT facilities which helps in the growth of the ENT market.
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