The global ENT devices market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The market growth is mainly driven by factors that are growing pervasiveness of ENT diseases. According to the World Health Organisation over 5% of the population across the globe cover around 430 million people, which needs rehabilitation in order to address issues related to their disabling hearing loss. The prevalence of disabling hearing loss is increasing in low- and middle-income countries and around 80% of people leaving there suffer from this problem. Additionally, the prevalence of chronic rhinosinusitis is also increasing across the globe. As per the information by the World Allergy Organization, chronic rhinosinusitis ranges from about 8% in China, around 8.4% in Korea, and nearly 11% in Europe. This will further drive the adoption of the usage of ENT devices.
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The key players present in the global ENT devices market had been adopting various strategies that include new launches and mergers and acquisitions to gain major market share. For instance, in October 2020, one of the companies named Medtronic had done the acquisition of privately-held Ai Biomed Corp. that is considered as the maker of the PTeye parathyroid detection system in order to enhance its ENT portfolio.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Product
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Olympus America, Medtronic, Stryker, American Hearing + Audiology and Cochlear Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global ENT Devices market
By Product
- Diagnostic Devices
- Surgical Devices
- Hearing Aids
- Hearing Implants
- Co2 Lasers
- Image-Guided Surgery Systems
By End-User
- Hospitals
- ENT Centers
- Ambulatory Surgery Centers
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ENT Devices Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- American Hearing + Audiology
- Audina Hearing Instruments, Inc.
- Cochlear Ltd.
- Demant A/S
- GN Hearing A/S
- Horentek Hearing Diagnostics
- KARL STORZ
- Medtronic
- Meril Life Sciences Pvt. Ltd.
- Narang Medical Ltd.
- Olympus America
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