Global ENT Devices market amassed revenue worth nearly 11 (USD Billion) in 2019 and will register a CAGR of nearly 8% during the period from 2020 to 2026.
New York, United States - November 2, 2020 /MarketersMedia/ —
As per Zion Market Research, the global ENT devices market is predicted to cross USD 19.44 billion by 2026 from USD 11 billion in 2019, with a CAGR of almost 8%. Growth in ENT devices market is majorly powered by the increasing elderly population, high occurrence of chronic sinusitis, increasing acceptance of minimally invasive ENT surgeries, encouraging reimbursement cases for ENT surgeries in developed nations, technical improvements, and rising attendance of prominent companies in the ENT devices market. The increasing acceptance of surgical techniques and instruments that are more accurate and minimally invasive as compared to the traditional techniques is a major market fashion that will power the global market in the coming period.
Major players in the ENT devices market comprise Cochlear Limited, Medtronic plc, KARLSTORZ GmbH & Co, Olympus Corporation, Smith & Nephew plc, Stryker Corporation, Hoya Corporation, Acclarent, Inc., William Demant Holdings A/S, and Sonova Holdings AG.
Increasing Occurrence Of Sinusitis Is Predicted To Power The Development Of ENT Devices Market
Chronic sinusitis is one of the leading 10 medical cases and adds up for almost USD 9 billion of direct healthcare price in the US. As per CDC, almost 29 million people or 13% of the adult people in the US are having chronic sinusitis, making it more widespread than asthma and diabetes. This high occurrence of chronic sinusitis is powering the requirement for ENT techniques such as FESS (functional endoscopic sinus surgery), endoscopic sinus surgeries, and balloon sinus dilation. Hence, increasing occurrence of sinusitis is predicted to power the development of ENT devices market.
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The global ENT Devices Market report by Zion Market Research is a comprehensive study of present market trends in the industry, market growth factors, and limitations. These markets are studied at geographical level to offer exhaustive market study for the till 2025. Every market is analyzed comprehensively at a granular stage by region (North America, Asia, Europe, and Rest of the World) to offer thorough analysis at the global scenario.
The global ENT devices market is segmented as follows:
By Product
Diagnostic ENT Devices
Endoscopes
Rigid Endoscopes
Otoscopes
Sinuscopes
Flexible Endoscopes
Laryngoscopes
Pharyngoscopes
Nasopharyngoscopes
Rhinoscopes
Hearing Screening Devices
Surgical ENT Devices
Powered Surgical Instruments
Radiofrequency Devices
Handheld Instruments
Rhinology Instruments
Otology Instruments
Laryngeal Instruments
Head and Neck Surgical Instruments
Other Handheld Instruments
Balloon sinus dilation devices
ENT Supplies
Packing Material
Nasal Splints & Stents
Ear Tubes
Hearing Aids
Hearing Implants
CO2 Lasers
Image-guided Surgery Systems
By End User
Hospitals
Ambulatory Settings
ENT Clinics
Home-use
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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