Product ID: SQMIG35A2203
Report ID:
SQMIG35A2203 |
Region:
Global |
Published Date: February, 2024
Pages:
251
|
Tables:
65 |
Figures:
75
ENT Devices Market Driver
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
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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REQUEST FREE CUSTOMIZATIONENT 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).
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Product ID: SQMIG35A2203