What is the global market size of ENT Devices Market?

Global ENT Devices Market size was valued at USD 21.77 billion in 2021 and is poised to grow from USD 23 billion in 2022 to USD 35.9 billion by 2030, growing at a CAGR of 5.74% in the forecast period (2023-2030).

ENT Devices Market Size, Share, Growth Analysis, By Product Type(Diagnostic ENT devices, surgical ENT devices, hearing aids, hearing implants), By End User(Home use, hospital and ambulatory settings, ENT clinics), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global ENT Devices Market?

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. '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'

Q: What is the key market trend for Global ENT Devices Market?

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.

Report ID: SQMIG35A2203 | Region: Global | Published Date: February, 2024
Pages: 251 | Tables: 65 | Figures: 75

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.

ENT Devices Market Report Snapshots

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FAQs

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 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 market. Major players increased their investments in R&D to produce technologically advanced ENT devices. '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'

Technological Advancements in ENT Devices

One of the trends in 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.

North America is expected to dominate the 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.

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ENT Devices Market Size, Share, Growth Analysis, By Product Type(Diagnostic ENT devices, surgical ENT devices, hearing aids, hearing implants), By End User(Home use, hospital and ambulatory settings, ENT clinics), By Region - Industry Forecast 2024-2031

ENT Devices Market Regional Insights

ENT Devices Market Report Snapshots

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What is the market size of ENT Devices Market?

Who are the key vendors in the ENT Devices Market?

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What is the key market trend for ENT Devices Market?

Which region accounted for the largest share in ENT Devices Market?

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