USD 21.77 billion
Global ENT Devices Market Size, Share, Growth Analysis, By Product Type(Diagnostic ENT devices, surgical ENT devices), By End User(Home use, hospital and ambulatory settings) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2203 |
Region:
Global |
Published Date: February, 2024
Pages:
251
|
Tables:
65 |
Figures:
75
Global ENT Devices Market Insights
ENT Devices Market size was valued at USD 21.77 billion in 2019 and is poised to grow from USD 23 billion in 2023 to USD 35.9 billion by 2031, growing at a CAGR of 5.74% in the forecast period (2024-2031).
The growth of the market is attributed to factors such as rising geriatric population, high prevalence of hearing loss, rising prevalence of minimally invasive surgeries. In addition, adoption of advanced technologies, increasing healthcare investment for early detection, and favourable regulatory policies are the factors propelling market growth.
According to the Action on Hearing Loss Information, in the U.K about 11 million people suffered from hearing loss, out of which 8 million people were in the 65 & above age group. Healthcare system has witnessed a shift from conventional surgeries to minimally invasive procedures in ENT specialty. Increasing technological advancements such as adoption of ArtificiaI Intelligence and Machine Learning and innovations in auditory product are the factorthatch contribute to the market growth. For instance, in Oct 2021, Audibel, a health technology company launched Arc AI, an AI hearing aid. It is programmed to automatically adjust hearing volume and is available in various styles such as behind-the-ear and completely in-canal styles.
US ENT Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Surgical ENT devices
Fastest Growth
Surgical ENT devices
Growth Rate
5.74% CAGR
Global ENT devices Market ($ Bn)
Country Share for North America Region (%)
Global ENT devices Market By Type ($ Bn)
Global ENT devices Market By Type (%)
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Global ENT Devices Market Segmental Analysis
The global ENT devices market is segmented into product type, end user, and region. Based on product type, the global market is segmented into diagnostic ENT devices, surgical ENT devices, hearing aids, hearing implants, and nasal splints. Based on end user, the global market is segmented into home use, hospitals and ambulatory settings, and ENT clinics. By region, the market is segmented into North America, Asia Pacific, Europe, Latin America, and MEA.
ENT Devices Market Analysis by Product Type
The surgical ENT devices segment is expected to dominate the global market during the forecast period. surgical ENT devices include radiofrequency handpieces, ontological drill burs, hand instruments, sinus dilation devices, and nasal packaging devices. The growth of the segment is attributed to increasing preference for minimally invasive surgeries and the increasing prevalence of ENT devices.
The hearing implants is expected to grow at the fastest rate during the forecast period. The growth of the segment is due to increasing adoption of hearing implants, increasing awareness about cochlear implants as non-invasive procedures, and the launch of new products by the key players. In Aug 2021, Cochlear Ltd. Launched the Nucleus Kanso-2 sound processor in Singapore. It can be used in off-the-ear cochlear implants and is the smallest sound processor globally. It provides direct streaming from android or iOS devices and is linked to the Nucleus Smart App.
ENT Devices Market Analysis by End User
Hospitals and ambulatory settings are expected to account for the largest share during the forecast period. The growth of this segment is attributed to factors such as increasing disposable income, rising affordability for ENT treatment, increasing prevalence of hearing loss, rising geriatric population, and the technological advancements in hearing aids.
The ENT clinics segment is expected to grow at a fastest rate during the forecast period. the growth of this segment is attributed to increasing advancements in clinical diagnosis methods and rising awareness about diagnosis and treatment of the disease.
Global ENT devices Market By Type, 2023 (%)
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Global ENT Devices Market Regional Insights
North America is expected to dominate the global ENT devices market during the forecast period. The market growth in the region is attributed to increasing prevalence of ENT-related disorders, rising demand for hearing care products, the presence of large hospital chains, highly equipped ambulatory facilities, and rising geriatric population. Further, supportive governments regulations for portable medical devices, the presence of local key market players, and the increasing adoption of advanced technologies are the key factors that drive market growth.
Europe is expected to account for the second largest revenue share during the forecast period. The region has high product penetration for hearing aids due to well-established healthcare infrastructure and high patient awareness level.
Asia Pacific is expected to grow at the fastest rate during the forecast period. increasing investments by key players, rising awareness about the early diagnosis of diseases, increasing healthcare expenditure are the factors that contribute to the market growth. In addition, technological advancements such as wireless, real-time monitoring, and rising support from regulatory bodies are anticipated to promote market growth.
Global ENT devices Market By Region, 2024-2031
- Largest
- Fastest
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Global ENT Devices Market Dynamics
ENT Devices Market Driver
- Technological Advancements in ENT Devices
Technological advancements in hearing aids and ENT gadgets will propel the market growth. Recently, hearing devices are available in small sizes, that are connected to ear by thin invisible tubes. This miniaturization is beneficial for market growth. Adoption of AI in the ENT devices that offers to access a deep neural network to process sound. For instance, Starkey launched hearing aid devices named Livio AI that has some great features such as brain tracking to detect early dementia risk signals, a built-in fitness tracker, and even a personal assistant to assist with activity such as reminders and transcriptions. In addition, key market players developed exceptional surgical devices and gadgets that have positive impact on market growth.
ENT Devices Market Restraint
- High Cost of ENT Procedures
Some of the ENT procedures are costly. For example, according to study published in NCBI in 2018, ‘Health Care Costs and Cost-Effectiveness in Laryngotracheal Stenosis’, treatment of laryngotracheal stenosis is one of the expensive ENT procedures. Thus, the high cost associated with ENT devices and lack of reimbursement restrains growth of the global market.
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Global ENT Devices Market Competitive Landscape
The global ENT devices market is highly fragmented and competitive due to presence of various domestics and international players. Key players adopted strategies such as acquisitions, partnerships, and the launch of new products to strengthen their position in global market. Major players increased their investments in R&D to produce technologically advanced ENT devices.
ENT Devices Market Top Player's Company Profiles
- Medtronic
- Olympus Corporation
- Stryker Corporation
- Smith & Nephew plc
- Karl Storz SE & Co. KG
- Johnson & Johnson
- B. Braun Melsungen AG
- Atos Medical
- Cochlear Limited
- GN Store Nord A/S
- William Demant Holding A/S
- Sonova Holding AG
- Natus Medical Incorporated
- Acclarent, Inc.
- Entellus Medical, Inc.
- Intersect ENT, Inc.
- Otopront GmbH
- Spiggle & Theis Medizintechnik GmbH
- Ambu A/S
- Teleflex Incorporated
ENT Devices Market Recent Developments
- In Feb 2022, Oticon A/S launched the artificial deep neural network technology-based Oticon More hearing aid for children, and the discreet behind-the-ear style hearing aids.
- In May 2021, Bose Corporation launched new Sound Control Hearing Aids, which is available in Montana, North Carolina, South Carolina, and Texas.
Global ENT Devices Key Market Trends
- One of the trends in global ENT devices market is audio streaming- wireless technology has made Bluetooth connectivity a standard feature on most hearing aids. Another trend is the adoption of AI in the ENT devices that helps to track stats such as daily steps, social engagement, and active listening to generate overall wellness score. They can also detect when you have fallen and send an automatic alert to a user’s pre-programmed list of emergency contacts.
Global ENT Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to Global ENT devices market analysis, increasing ENT-related disorders, growing geriatric population, adoption of advanced technologies, increasing government investments are the key factors that drive market growth. In addition, a shift towards minimally invasive procedures is anticipated to drive market growth. North America is expected to dominate the global market due to supportive government regulations. High cost associated with some of the ENT procedures is hamper the market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 21.77 billion |
| Market size value in 2031 | USD 35.9 billion |
| Growth Rate | 5.74% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global ENT Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global ENT Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global ENT Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global ENT Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global ENT Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global ENT Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global ENT Devices Market Report Snapshots
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