ENT devices market size worth USD 23.1 billion by 2022


Posted December 30, 2020 by sitakant

The global ENT devices market size was valued at USD 17.2 billion in 2016. It is estimated to progress at a CAGR of 5.0% over the forecast period.

 
The global ENT devices market size was valued at USD 17.2 billion in 2016. It is estimated to progress at a CAGR of 5.0% over the forecast period. Rising geriatric population, increasing prevalence of ENT related disorders, growing government initiatives are among the key trends stimulating market growth. Technological advancements also play an important role in the growth of the market.
Widening base of geriatric population worldwide is leading to increased prevalence of age-related illnesses such as hearing loss and decrease in functioning levels of ENT. This, in turn, is expected to augment the market. Rising disposable income and well-established healthcare infrastructure are also projected to work in favor of the market.
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Rise in age also causes weak immunity system, which makes older people more susceptible to infections such as sore throat. Hearing service offices and general healthcare service associations of local governments, in both developed and developing economies, are raising their emphasis on early screening of hearing loss and dispensing of hearing aids to its people. Education and increased awareness about health and wellbeing among the general population is also playing a critical role in spurring the demand for hearing aids and diagnostic services globally.
On the basis of product, the market can be segmented into diagnostic devices, surgical devices, hearing aids, hearing implants, and nasal splints. Hearing implants are estimated to be the fastest growing product segment over the forecast period. The growth of the segment can be attributed to increasing awareness among target consumers, introduction of technological advanced systems, and improving healthcare infrastructure in developing regions.
North America was the key revenue contributor in 2015. Europe is the second largest region and has high product penetration for hearing aids due to well-established healthcare infrastructure and high patient awareness levels.Asia Pacific is expected to show the fastest growth over the forecast period due to rising disposable income and presence of a wide base of target population.
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Some of the prominent companies operating in the market are Siemens Healthcare; Widex A/S; Atos Medical AB; Starkey Laboratories Inc.; GN ReSound A/S; William Demant Holding A/S; Sonova Holding AG; Cochlear Limited; Rion Co.; Ltd.; and Welch Allyn.
Forecast on basis of:
Grand View Research has segmented the global ENT devices market report on the basis of product and region:
• Product Outlook (Revenue, USD Million, 2012 - 2022)
• Diagnostic Ear, Nose, And Throat (ENT) Devices
o Rigid Endoscopes
o Rhinoscopes
o Laryngoscopes
o Otological Endoscopes
o Flexible Endoscopes
o Robot Assisted Endoscope
o Hearing Screening Device
• Surgical Ear, Nose, And Throat (ENT) Devices
o Radiofrequency Handpieces
o Powered Surgical Instrument
o Otological Drill Burrs
o ENT Hand Instruments
o Tympanostomy Tubes
o Sinus Dilation Devices
o Nasal Packing Devices
• Hearing Aids Ear, Nose, And Throat (ENT) Devices
o Behind-the-Ear (BTE) aids
o In-the-Ear aids
o Receiver-in-the-Ear (RITE)
o Canal hearing aids ITC, CIC and IIC
• Hearing Implants Ear, Nose, And Throat (ENT) Devices
o Auditory Brainstem Implants
o Cochlear Implants
o Middle Ear Implants
o Bone Anchored Hearing System
• Nasal Splints Ear, Nose, And Throat (ENT) Devices
o Internal Nasal Splints
o External Nasal Splints
• Regional Outlook (Revenue, USD Million, 2012 - 2022)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
• Asia Pacific
o Japan
o China
• Latin America
o Brazil
o Mexico
• Middle East & Africa
o South Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Issued By sitakant
Country United States
Categories Business , Health
Tags global ent devices market size
Last Updated December 30, 2020