ENT Devices Market | Growth, Trends, and Forecasts (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

6.4 %

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Market Overview

The major factors for the growth of the ENT devices market include the increasing prevalence of ear, nose, and throat related disorders, rising adoption of minimally invasive ENT procedures, and technological advancements.

According to the estimates of 2018 by the World Health Organization, the prevalence of hearing loss has increased globally, even in developed countries. A per the report, in the United States, the incidence of hearing loss has increased from 11.5 million in 2008, to nearly 15 million in 2018.

Furthermore, according to the data published by the American Cancer Society, about 2,000 people in the United States develop cancers of the nasal cavity and paranasal sinuses each year. These cases are most common in the geriatric population. In 2018, in the United States, an estimated people were more than 15,000 incident cases of larynx cancer, as per International Agency for Research on Cancer 2018 data. Thus, owing to the rising prevalence and new cases of ear, nose, and throat related disorders, the US ENT devices market is expected to witness a high CAGR over the forecast period.

Scope of the Report

As per the scope of the report, ENT devices refer to special equipment used for detection, therapy, or surgery of any disorders related to the ear, nose, or throat. They also refer to synthetic materials and prosthetic devices used to restore any dysfunction of an ear, nose, or throat, and aid in correcting any problems with hearing, smelling or speaking. The market is segmented by product, end-user, and geography.

By Product
		Diagnostic Devices
		Surgical Devices
		Hearing Aids
		Image-guided Surgery Systems
		Other Products

By End User
		Hospitals
		ENT Clinics
		Other End Users

Geography

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	South Korea
	Rest of Asia-Pacific

Middle East & Africa
	GCC
	South Africa
	Rest of Middle East & Africa

South America
	Brazil
	Argentina
	Rest of South America

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Key Market Trends

Hearing Aids is the Segment under Product Type is Expected to Account for Fastest Growth Rate during the Forecast Period

A hearing aid is a small electronic device that you wear in or behind your ear. It makes some sounds louder so that a person with hearing loss can listen, communicate, and participate more fully in daily activities. A hearing aid can help people hear more in both quiet and noisy situations. Hearing aids are primarily useful in improving the hearing and speech comprehension of people who have hearing loss that results from damage to the small sensory cells in the inner ear.

Moreover, the demand for these devices is increasing due to the increasing population with hearing loss. As per a 2018 report by the World Health Organization, the population with hearing loss is expected to increase from 466 million in 2018 to nearly 900 million by 2050. This will increase the demand for hearing aids, which will boost the market growth.

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North America accounted for the Largest Share in the Global Market

North America is found to hold a major share for the ENT devices market and is expected to show a similar trend over the forecast period, without significant fluctuations. Most of the market players are based in North America and there is awareness about the advantages of using ENT devices solutions.

According to the estimates of the Hearing Health Foundation, there are 600,000-750,000 cases of Ménière’s disease in the United States, with 45,000 to 60,000 new cases diagnosed annually. Favourable reimbursement policies, better healthcare infrastructure, high cases of chronic sinusitis, and other ENT disorders are the reasons for the high market share of the United States.

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Competitive Landscape

The market studied is consolidated owing to the presence of a few major players in the market. The market players are focusing on R&D to develop the technologically advanced products in order to bring innovative products in the market. The barriers for the new entrants are high in this industry and hence only a few major market players hold the maximum market share.

Major Players

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1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Market Drivers
  1. 4.2.1 Increasing Prevalence of Ear, Nose, and Throat Related Disorders
  2. 4.2.2 Rising Adoption of Minimally Invasive ENT Procedures
  3. 4.2.3 Technological Advancements
3. 4.3 Market Restraints
  1. 4.3.1 High Procedure and Instruments Cost
  2. 4.3.2 Social Stigma
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Threat of New Entrants
  2. 4.4.2 Bargaining Power of Buyers/Consumers
  3. 4.4.3 Bargaining Power of Suppliers
  4. 4.4.4 Threat of Substitute Products
  5. 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Product
  1. 5.1.1 Diagnostic Devices
  2. 5.1.2 Surgical Devices
  3. 5.1.3 Hearing Aids
  4. 5.1.4 Image-guided Surgery Systems
  5. 5.1.5 Other Products
2. 5.2 By End User
  1. 5.2.1 Hospitals
  2. 5.2.2 ENT Clinics
  3. 5.2.3 Other End Users
3. 5.3 Geography
  1. 5.3.1 North America
    1. 5.3.1.1 United States
    2. 5.3.1.2 Canada
    3. 5.3.1.3 Mexico
  2. 5.3.2 Europe
    1. 5.3.2.1 Germany
    2. 5.3.2.2 United Kingdom
    3. 5.3.2.3 France
    4. 5.3.2.4 Italy
    5. 5.3.2.5 Spain
    6. 5.3.2.6 Rest of Europe
  3. 5.3.3 Asia-Pacific
    1. 5.3.3.1 China
    2. 5.3.3.2 Japan
    3. 5.3.3.3 India
    4. 5.3.3.4 Australia
    5. 5.3.3.5 South Korea
    6. 5.3.3.6 Rest of Asia-Pacific
  4. 5.3.4 Middle East & Africa
    1. 5.3.4.1 GCC
    2. 5.3.4.2 South Africa
    3. 5.3.4.3 Rest of Middle East & Africa
  5. 5.3.5 South America
    1. 5.3.5.1 Brazil
    2. 5.3.5.2 Argentina
    3. 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 American Hearing Systems Inc.
  2. 6.1.2 Atos Medical
  3. 6.1.3 Cochlear Ltd
  4. 6.1.4 InHealth Technologies
  5. 6.1.5 Medtronic PLC
  6. 6.1.6 Olympus Corporation
  7. 6.1.7 Sivantos Group
  8. 6.1.8 Starkey Laboratories Inc.
  9. 6.1.9 Stryker Corporation
  10. 6.1.10 Welch Allyn

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments