Product ID: SQMIG35A2203
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.
Global ENT Devices Market Report Snapshots
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