ENT (Ear Nose Throat) Devices Market Report

Market Insights

The ENT (Ear, Nose, Throat) Devices market is projected to grow from USD 21.02 billion in 2021 to USD 30.55 billion by 2028 at a CAGR of around 5.41% during the forecast period of 2022-2028.

What are ENT devices?

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.

Market Dynamics

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.

COVID-19 Impact on ENT (Ear, Nose, Throat) Devices Market

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.

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Key Players

Key players operating in the ENT (Ear, Nose, Throat) Devices market are-

• 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 (Denmark)
• Karl Storz SE & Co. KG (Germany)
• Medtronic plc (Ireland)
• Meril Life Sciences Pvt. Ltd (India)

Target Audience

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-

• ENT (ear, nose, throat) devices distributors
• ENT (ear, nose, throat) devices suppliers
• ENT (ear, nose, throat) devices manufacturers
• Logistics organizations
• Government bodies

Segment Analysis

Product Trends

By product type, the market has been segmented into Hearing Aids, Hearing Implants, Diagnostic Devices, Surgical Devices and Nasal Splints. The surgical devices segment accounted for more than 28.75% market share in 2021 and is expected to register healthy growth in the coming years. Growing preference for minimally invasive surgeries and the increasing prevalence of ENT disorders are some of the major factors driving the segment.

Application Trends

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 2021 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.

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Regional Trends

By region, the market in North America accounted for the largest market share of 33.33% in 2021 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.

Market Segmentation

The market is segmented in the following ways:

By Product Type

• Hearing Aids
• Hearing Implants
• Diagnostic Devices
• Surgical Devices
• Nasal Splints

By Application Type

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Home Use

By Region

• North America
• Europe
• Asia-pacific
• Middle East & Africa
• South America

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.