Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Ear-Nose-Throat (ENT) Devices market.
Trusted Business Insights presents an updated and Latest Study on Ear-Nose-Throat (ENT) Devices Market 2019-2026. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Ear-Nose-Throat (ENT) Devices market during the forecast period (2019-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
Get Sample Copy of this Report @ Ear-Nose-Throat (ENT) Devices Market Research Report – Forecast to 2029 (Includes Business Impact of COVID-19)
Abstract, Snapshot, Market Analysis & Market Definition: Ear-Nose-Throat (ENT) Devices Market
Industry / Sector Trends
ENT Devices Market size was valued at USD 15.7 billion in 2018 and is expected to witness 8% CAGR from 2019 to 2025.
Integration of advanced technology for developing superior quality ear, nose, and throat devices coupled with successful product launch and products approvals by regulatory bodies will drive the ENT devices market growth. For instance, companies have launched hearing aids and amplifiers that can be connected with mobile enabling users to have better conversations over calls as well as allows tracking of mental health and cognitive hearing. Technology integrated in ENT devices also eliminates errors and improves accuracy thus, surging its adoption in the foreseeable future.
Favourable regulatory landscape for ENT devices in developed countries will positively impact the industry growth. As the ENT devices industry is in the development phase, companies operational in this industry try to create product differentiation that impacts positively on the companys sales. For instance, in September 2017, Medtronic launched StealthStation (TM) technology for ENT procedures. StealthStation is a novel surgical system for navigation of ENT anatomy. This technology uses proprietary electromagnetic (EM) tracking technology and the firm received FDA 510k clearance and CE mark for the same. Thus, favourable regulations will enable availability of superior ENT products in the market thereby up surging industry growth. However, high procedural costs may hamper the industry growth to some extent.
Market Segmentation, Outlook & Regional Insights: Ear-Nose-Throat (ENT) Devices Market
ENT Devices Market, By Product Type
Diagnostic Ear, Nose and Throat (ENT) devices segment was valued at USD 3.5 billion in 2018 and is anticipated to have significant growth during the forecast timeframe. Recently developed diagnostic ENT devices such as technologically advanced endoscopes possess flexibility and efficiency that have high adoption as compared to the conventional diagnostic devices. Therefore, growing demand by medical practitioners for cost-effective, accurate as well as efficient diagnostic tools will drive the diagnostic ENT devices segment growth substantially during the analysis period.
Hearing aids segment held considerable revenue share in 2018 and is anticipated to witness 9.3% growth during the forecast period. People suffering from hearing loss are at higher risk of acquiring dementia. Hence, availability of superior quality hearing aids will lower the chance of developing dementia as well as enhance cognitive learning. Also, hearing aids reduce irritation associated to tinnitus that further triggers its adoption amongst people suffering from hearing loss.
Germany Ear-Nose-Throat Devices Market Size, By Nasal Splints, 2018 (USD Million)
Ear-Nose-Throat Devices Market, By Region
North America market dominated the industry with USD 6 billion in 2018 and is anticipated to show similar trend over the forthcoming years. Major factors driving the regional market growth includes high adoption rates for technologically advanced devices. Also, developed countries such as the U.S. have high awareness regarding consequences of ENT diseases and availability of procedures and devices to avoid those consequences. Moreover, the industry has numerous growth opportunities in North America due to presence of favorable trade policies and regulations associated with the ENT devices.
Asia Pacific ENT devices market will witness lucrative 9.3% growth over the forecast period due to rising geriatric population. Hearing diseases as well as throat infections prevalent in geriatric population have raised the demand for ENT diagnostic as well as surgical devices that will prove beneficial for the regional industry growth. Moreover, government in emerging economies actively supports development in ENT procedures. Additionally, government has also taken several initiatives to reduce the prices of ENT surgical procedures that will resolve affordability issues thereby, propelling the Asia Pacific ENT devices industry growth in forthcoming years.
Asia Pacific Ear-Nose-Throat Devices Market Size, By Country, 2025 (USD Million)
Key Players, Recent Developments & Sector Viewpoints: Ear-Nose-Throat (ENT) Devices Market
ENT devices market experiences intense rivalry and key industry players operational in this industry implement several strategic initiatives that enables them to maintain their market position. Key industry players operative in ENT devices industry include Siemens Healthcare, Sonova, Cochlear, Rion, Starkey Hearing Technologies, Welch Allyn, Widex, Atos Medical, GN Hearing, and William Demant Holding. These companies implement certain strategic initiatives that enable them to earn sustainable profits. For instance, in July 2017, Cochlear introduced and launched its innovative Nucleus 7 cochlear implant sound processor which allows users to stream sound from their iPhone, iPad and iPad touch further improving connectivity, accessibility and wireless solutions. Introduction of such technologically advanced products will foster Cochlears revenue stream.
Ear-Nose-Throat Devices Industry Viewpoint
ENT devices industry has witnessed immense growth since several years and this industry can be traced back to early 1900s. 19th century can be considered as an era of numerous developments in ENT devices and procedures. In 1901, modified endoscopes were utilized by Hirschmann to diagnose maxillary sinus. Later in 1953, Zeiss Optical Company introduced binocular microscope that enhanced the microscopic ear surgery performance. Also, development of cochlear implants started back in 1960. Later in 20th century, ENT industry has experienced drastic revolutionary changes. Few medical specialties suffered several scientific progress and changes in the last few decades. Furthermore, advancements specifically in the field of otorhinolaryngology have led to improvements in radiology, microsurgery and endoscopy. Use of information technology in development of ENT devices has helped in replacing the conventional ENT devices proving beneficial for the industry growth. Furthermore, ENT devices industry is dominated by few players and will experience stupendous growth in developed economies with favorable trade policies. Also, new players willing to enter ENT devices market can penetrate in developing and underdeveloped countries with huge geriatric population and unexplored opportunities
Key Insights Covered: Exhaustive Ear-Nose-Throat (ENT) Devices Market
1. Market size (sales, revenue and growth rate) of Ear-Nose-Throat (ENT) Devices industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Ear-Nose-Throat (ENT) Devices industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Ear-Nose-Throat (ENT) Devices industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Ear-Nose-Throat (ENT) Devices industry.
Research Methodology: Ear-Nose-Throat (ENT) Devices Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
Quick Read Table of Contents of this Report @ Ear-Nose-Throat (ENT) Devices Market Research Report – Forecast to 2029 (Includes Business Impact of COVID-19)
Trusted Business Insights
Media & Marketing Executive
Email Me For Any Clarifications
Connect on LinkedIn
Click to follow Trusted Business Insights LinkedIn for Market Data and Updates.
US: +1 646 568 9797
UK: +44 330 808 0580