ENT (Ear, Nose, Throat) Devices Market – Global Industry Analysis and Forecast (2022-2029)

ENT (Ear, Nose, Throat) Devices Market size was valued at US$ 16.15 Bn. in 2021, and the total ENT (Ear, Nose, Throat) Devices revenue is expected to grow at 6.7% through 2022 to 2029, reaching nearly US$ 27.13 Bn.
ENT (Ear, Nose, Throat) Devices Market Overview:
ENT devices are specialized instruments that are used to treat or perform surgical operations involving the ear, nose, and throat. They also allude to products and technologies used to cure any difficulties with listening, inhaling, or communicating. Modern and compact ENT devices are used in the nose, ear, and throat in minimally invasive procedures. Because they are linked with less harm, a faster recovery, and therefore less scarring, these sorts of operations are becoming extremely prevalent. Endoscopes, cochlear implants and prosthetics, portable surgical equipment, sinus inflatable equipment, Carbon dioxide laser, image-guided surgery devices, ear ducts, and speech prosthetic machines are among the ENT equipment on the market.To know about the Research Methodology:-Request Free Sample Report

Hearing impairment is the third most common form of health problem among adults, behind cardiovascular disease and osteoarthritis, as per the Hearing Loss Association of America and the Center for Disease Control and Prevention. According to the institute, approximately 27% of Americans suffer from tinnitus, making them particularly prone to hearing impairment. Sinusitis is a common condition that irritates the spaces around the nose opening. According to the same institute, 12.3% of adult Americans have sinusitis, necessitating the use of top-notch ENT technologies e.g. sinus dilatation devices.

In this report, the ENT (Ear, Nose, Throat) Devices market's growth reasons, as well as the market's many segments (Product, Diagnostic Devices, Surgical Devices, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the ENT (Ear, Nose, Throat) Devices market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global ENT (Ear, Nose, Throat) Devices market situation.
ENT (Ear, Nose, Throat) Devices Market Dynamics:
The rising occurrences of ENT disorders are the primary drivers of the market. Chronic sinusitis is one of the most frequent medical disorders, costing the US health service over US$ 9.2 billion each year. Recurrent sinusitis, like in the United States, is a common ailment in the United Kingdom, affecting 9.8% of the adult population. Because of the rising prevalence of chronic ENT diseases e.g. sinusitis in different nations throughout the world, there is a large need for ENT treatments and devices in their medical systems.

Even though many insurance providers do not cover aesthetic ENT operations, e.g. cosmetic nose modification, there is a thriving market for these procedures. Some of the main factors empowering consumers to spend on beauty-based ENT treatments to improve their public persona include technological breakthroughs, fewer medical interventions, greater popularity, wellbeing, and convenience of most beauty treatments, the recovering financial system, and rising purchasing power in emerging nations.

According to World Health Organization figures, more than 470 million people worldwide suffer from hearing impairment, with infection ailments being the most common cause. Partial deafness affects around a third of the population over the age of 64. Because otoscopes are commonly used for identifying hearing illnesses, this client group is expected to boost otoscope demand.
ENT (Ear, Nose, Throat) Devices Market Segment Analysis:
By Product, the hearing aids segment is expected to grow at a CAGR of 5.8% in the previously mentioned forecast period. In impoverished nations, avoidable medical conditions, particularly infections like syphilis, which can cause genetic hearing impairment, are frequently the leading causes of hearing loss. According to figures given by the WHO, roughly 5.2% of the world's population will have debilitating hearing problems by 2022. Furthermore, it is anticipated that by 2050, approximately 890 million individuals, or one out of every 9, would suffer from debilitating hearing problems. As a result of the rising frequency of hearing impairments and hearing loss difficulties among the population, a great number of hearing aids and cochlear implants have been sold on the market.

Excessive noise pollution across the world has a substantial influence on people's sensory capacities. Individuals' listening capacity is projected to be harmed as a result of noise pollution in bulky businesses, traffic, and overuse of headphone volume leading to an increase in demand for hearing aids. Various prospects, such as the use of Li batteries in hearing devices, are helping drive this segment’s growth. Furthermore, technical advancements in devices that integrate assistive technologies and cochlear implant technology to help individuals overcome high-frequency deafness are providing new potential for market competitors.
ENT (Ear, Nose, Throat) Devices Market Regional Insights:
In 2021, North America held the largest region in the ENT devices market, and by 2029, it is predicted to account for 35% of the industry. Several nations are now experiencing a scarcity of competent doctors capable of conducting ENT treatments. In 2021, there were 9790 otolaryngologists in the United States, and it is predicted that by 2029, there will be a shortfall of 2,650 otolaryngologists. Additionally, this issue affects poor nations and areas on a far larger scale. In Nigeria, for example, the number of ENT surgeons was less than 250 in 2021, with 200 more in preparation. This is insufficient to address the health demands of a population of more than 190 million people.

Similarly, the overall population of the 22 nations covered in the research in Saharan Africa was 720 million people, As per the Survey of ENT Services in Saharan Africa in 2021 (77% of the population of Saharan Africa). There were over 900 ENT physicians, 650 audiologists, 950 speech and language therapists, 270 ENT medical officers, and 350 oncologists reported among the 22 nations examined. Despite the availability of a large potential patient group, the lack of qualified ENT surgeons in these nations is projected to limit the number of ENT surgeries performed. This is seen as a significant barrier to the growing ENT devices market.

The objective of the report is to present a comprehensive analysis of the ENT (Ear, Nose, Throat) Devices market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the ENT (Ear, Nose, Throat) Devices market dynamics, structure by analyzing the market segments and projecting the ENT (Ear, Nose, Throat) Devices market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the ENT (Ear, Nose, Throat) Devices market make the report investor’s guide.
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Global ENT (Ear, Nose, Throat) Devices Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 16.15 Bn.


Forecast Period 2022 to 2029 CAGR:
6.7%
Market Size in 2029:
US $ 27.13 Bn.


 Segments Covered:
by Product
• Diagnostic Devices
• Surgical Devices
• Hearing Aids
• Hearing Implants
• Carbon Dioxide Lasers
• Image-Guided Surgery Systems


by Diagnostic Devices
• Endoscopes
• Hearing Screening Devices


by Surgical Devices
• Powered Surgical Instruments
• Radiofrequency (RF) Handpieces
• Handheld Instruments
• Balloon Sinus Dilation Devices
• ENT Supplies
• Ear Tubes
• Voice Prosthesis Devices



ENT (Ear, Nose, Throat) Devices Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
ENT (Ear, Nose, Throat) Devices Market Key Players
• Karl Storz Gmbh & co. KG
• Medtronic plc
• Stryker Corporation
• Smith & Nephew plc
• Olympus Corporation
• Acclarent, inc.
• Cochlear Limited
• Hoya Corporation
• GN Store Nord
• Welch Allyn
• WS Audiology A/S
• Sonova Holding AG
• Atos Medical AB
• William Demant holding a/s
• Rion Co. Ltd

FAQs:

1. Which is the potential market for the ENT (Ear, Nose, Throat) Devices in terms of the region?
Ans. In 2021, North America held the largest region in the ENT devices market, and by 2029, it is predicted to account for 35% of the industry.

2. What are the opportunities for new market entrants?
Ans. the rising prevalence of chronic ENT diseases e.g. sinusitis

3. What is expected to drive the growth of the ENT (Ear, Nose, Throat) Devices market in the forecast period?
Ans. The rising occurrences of ENT disorders are the primary drivers of the market.

4. What is the projected market size & growth rate of the ENT (Ear, Nose, Throat) Devices Market?
Ans. ENT (Ear, Nose, Throat) Devices Market size was valued at US$ 16.15 Bn. in 2021 and the total ENT (Ear, Nose, Throat) Devices revenue is expected to grow at 6.7% through 2022 to 2029, reaching nearly US$ 27.13 Bn.

5. What segments are covered in the ENT (Ear, Nose, Throat) Devices Market report?
Ans. The segments covered are Product, Diagnostic Devices, Surgical Devices, and Region.