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ENT (Ear Nose Throat) Devices Market Report
ENT (Ear, Nose, Throat) Devices Market Trends, Dynamcis & Market Insights
ENT (Ear, Nose, Throat) Devices Market, By Product (Hearing Aids, Hearing Implants, Diagnostic Devices, Surgical Devices, Nasal Splints), Application (Hospitals, Clinics, Ambulatory Surgical Centers, Home Use), and Region - COVID-19 Impact Analys...
The ENT (Ear, Nose, Throat) Devices market is projected to grow from USD 18.3 billion in 2020 to USD 24.7 billion by 2026 at a CAGR of around 5.1% during the forecast period.
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ENT (ear, nose, and throat) devices are indispensable instruments that are being used in hospitals and ENT clinics for the treatment of various ear, nose, and throat-related disorders. Based on product, ENT devices can be categorized as hearing aids, hearing implants, diagnostic devices, surgical devices, and nasal splints.
Key players operating in the ENT (Ear, Nose, Throat) Devices market are-
The growth of the ENT (ear, nose, and throat) devices market is primarily driven by the rising prevalence of ENT-related disorders. Expanding the geriatric populace across geographies is another important factor driving the market growth substantially In addition to this; increasing demand for technologically advanced devices is likely to create lucrative opportunities for the players operating in the global market in the coming years.
By application, the ENT (ear, nose, and throat) devices market has been bifurcated into hospitals, clinics, ambulatory surgical centers, and home use. Under these, the hospitals' segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of required infrastructure and skilled staff in hospitals.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the high adoption rate of advanced technologies in the healthcare industry coupled with the presence of key market players such as Atos Medical Inc. (US) and Welch Allyn, Inc. (US). The market growth in the Asia-Pacific region is expected to be driven by the rising number of people suffering from ENT disorders.
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The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the ENT (ear, nose, throat) devices market negatively as the imposition of complete lockdown and restrictions on trade resulted in a decline in visits to hospitals.
Here is the list of the group of customers that the ENT (ear, nose, throat) devices market hopes to have the greatest opportunity to convert-
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The ENT (ear, nose, throat) devices market is expected to witness an impressive growth of 5.1% CAGR in the coming years.
Atos Medical Inc. (US), Cochlear Limited (Australia), GN Store Nord A/S (Denmark), RION CO., LTD. (Japan), Siemens Healthineers AG (Germany), Sonova Holding AG (Switzerland), Starkey Hearing Technologies (US), Welch Allyn, Inc. (US), Widex A/S (Denmark), Demant A/S (Den-mark), Karl Storz SE & Co. KG (Germany), Medtronic plc (Ireland), and Meril Life Sciences Pvt. Ltd (India) are among the key players in the ENT (ear, nose, throat) devices market.
The ENT (ear, nose, throat) devices market size is expected to reach USD 24.7 billion in the foreseeable future.
The hospitals' segment is expected to register significant growth in the ENT (ear, Nose, Throat) devices market in the coming years.
North America accounted for the largest share in the ENT (ear, nose, throat) devices market in 2020.
ENT (ear, nose, throat) devices distributors, ENT (ear, nose, throat) devices suppliers, ENT (ear, nose, throat) devices manufacturers, Logistics organizations, Government bodies are the target audience in the ENT (ear, nose, throat) devices market.
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