According to the recent study the ENT device market is projected to reach an estimated $29.7 billion by 2028 from $22.2 billion in 2023, at a CAGR of 6% from 2023 to 2028. Growth in this market is primarily driven by increasing incidence of ear, nose, and throat disorders, advancement in technology, and growing demand for minimally invasive procedures.
A more than 150 – page report is developed to understand trends, opportunities and forecast in ENT device market by product (diagnostic device, surgical device, hearing aids, hearing implants, Co2 lasers, and others), diagnostic device type (endoscopes and hearing screening device), surgical device type (powered surgical instruments, radiofrequency (RF) handpieces, handheld instruments, balloon sinus dilation device, ENT supplies, ear tubes, and voice prosthesis device), end use industry (home use, hospitals and ambulatory settings, and ENT clinics), and region.
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“Hearing aids market is expected to remain the largest segment during the forecast period.”
Based on product type, the ENT device market is segmented into diagnostic device, surgical device, hearing aids, hearing implants, Co2 lasers, and others. Lucintel forecasts that the hearing aids market is expected to remain the largest segment due to increasing incidence of hearing loss, rising geriatric population, and growing awareness towards cochlear implants.
“Within the ENT device market, the hospitals and ambulatory settings segment is expected to remain the largest end use industry”
Based on end use industry the hospitals and ambulatory settings segment is expected to witness the highest growth over the forecast period due to the rising disposable income, growing number of patients suffering from ENT related disorders, and increasing affordability of ENT treatment.
“North America will dominate the ENT device market in near future”
North America will remain the largest region due to the aging population, highly equipped hospital facilities, and increasing favorable reimbursement policies for ENT treatments.
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Major players of ENT device market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Karl Storz, Medtronic, Stryker, Smith & Nephew, and Olympus Corporation are among the major ENT device providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/ent-device-market.aspx or [email protected]