According to the new market research report, "ENT Devices Market by product (Diagnostic (Endoscope, Hearing Screening Devices), Surgical Devices, (Powered Surgical Instruments, ENT Supplies, Ear Tubes), Hearing Aids, CO2 Lasers, & End Users (Hospital & ASCs, ENT Clinics)- Global Forecast to 2026", size is projected to reach USD 22.3 billion by 2026 from USD 16.2 billion in 2021, at a CAGR of 6.6%.

Browse and in-depth TOC on "ENT Devices Market"
226 - Tables
38 - Figures
319 - Pages

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Growth Boosting Factors:

The growth in this market is attributed to the rising aging population and the associated hearing loss, rise in disposable income and increasing affordability for ENT treatment, improving healthcare infrastructure and expenditure, and rising product availability and awareness.

Overview of This Study:

The study involved four major activities in estimating the current size of the ENT Devices market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Research Methodologies Followed:

Secondary Research

In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.

Primary Research

Extensive primary research was conducted after acquiring knowledge about the global market scenario through secondary research. Primary interviews were conducted from both the demand (Medical Practitioners, Otolaryngologist, Hospital Directors) and supply sides (Marketing Managers, Regional/Area Sales Managers, Product Managers/Technology Experts, Import/Export Heads, Distribution Channel Partners).

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Market Size Estimation:

Both top-down and bottom-up approaches were used to estimate and validate the total size of the ENT Devices market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

# The key players in the industry and markets have been identified through extensive secondary research.
# The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation:

After arriving at the overall market size—using the market size estimation processes—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the ENT Devices industry.

OPPORTUNITY: High demand for cosmetic ENT procedures

Despite the fact that a large number of medical insurance companies do not reimburse cosmetic ENT procedures, there is an increasing demand for cosmetic ENT procedures such as cosmetic rhinoplasty (nose reshaping) and otoplasty (ear reshaping). Technological advances; less-invasive procedures; higher popularity, safety and accessibility of most cosmetic procedures; rebounding US economy; and rising disposable incomes in emerging economies are some of the major factors encouraging people to spend for cosmetic ENT procedures to improve their appearance.

In the US, nearly 362,299 rhinoplasty procedures were performed in 2019, and this number decreased to 352,555 in 2020 (Source: American Society for Aesthetic Plastic Surgery). Similarly, otoplasties witness high demand. According to the American Society for Aesthetic Plastic Surgery, In 2020, the average cost of otoplasty in the US was estimated to account for USD3,220, depending on the provider and the type of intervention a person chooses. Thus, the rise in demand for cosmetic ENT procedures opens an array of opportunities for the growth of the ENT devices market during the forecast period.

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