Global ENT Devices Market - Segmented by Product, End-User and Geography - Growth, Trends, and Forecast (2022 - 2030)
The ENT devices market is expected to register a CAGR of around 6.4% during the forecast period. Ear, nose and throat (ENT) devices are 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, as well as aiding to correct any problems with hearing, smelling, or speaking.
Increasing Trend for Customized Implants
With advancement of the bio materials field, implants that can be used both internally and externally for both long and short durations are available. Each patient has a different kind of disorder and a different severity of the disorder. The same kind of an implant cannot be used uniformly in all patients. Customized implants solve this problem allowing surgeons and doctors to treat each patient differently and also avoiding problems, such as graft rejections. There is a growing incidence of laryngeal cancer globally and the treatment it is either surgery or radiation. Surgeries not only result in the loss of voice but the gap in the air passage can cause choking. These severe psychosocial and physiological problems can be overcome with the use of implants. The cochlear implants market has a large market share with an increase in the number of cases of patients who suffer from hearing disorders. The implants bring them a clear hearing and speech experience. This will allow to boost the market growth along with other factors, such as rapidly growing aging population and technological advancements.
High Costs of ENT Devices
The ENT devices and implants are expensive and can be afforded only by a few. Implants are more expensive than hearing aids. Developing and under developed countries have a low per capita income making advanced medical treatments, like implants unaffordable. Technologies, like voice restoration implants are still unavailable in most countries. The healthcare facility in these countries is still developing making these technologies inaccessible to the population. This is a restraint along with other factors, like reimbursement policy for ENT devices to the Global ENT Devices Market.
North America to Grow at Highest CAGR
Most of the market players are based in North America and there is awareness about advantages of using ENT devices solutions. Favorable reimbursement policies, better healthcare infrastructure, high cases of chronic sinusitis and other ENT disorders are the reason for high market share. Europe also has a good market share, especially for hearing aids due to high awareness and good healthcare infrastructure.
Key Developments in the Market
• March 2018 – Etymotic research merges with lucid hearing/lucid audio etymotic research kept its present name, product lines, and engineers. The facility will remain in Elk Grove Village, iii
Major players- AMERICAN HEARING SYSTEMS INC., AUDIOSYNC INC., BELTONE, COCHLEAR LTD., GN RESOUND A/S, INHEALTH TECHNOLOGIES, REXTON INC., SIEMENS HEALTHCARE, PANASONIC CORP., SONIC INNOVATIONS INC., SONOVA HOLDING AG, STARKEY LABORATORIES INC., UNITRON HEARING INC. AND ZOUNDS INC., amongst others.
Reasons to Purchase this Report
• Current and future ENT Devices market outlook in the developed and emerging markets
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Increasing Trend for Customized Implants
With advancement of the bio materials field, implants that can be used both internally and externally for both long and short durations are available. Each patient has a different kind of disorder and a different severity of the disorder. The same kind of an implant cannot be used uniformly in all patients. Customized implants solve this problem allowing surgeons and doctors to treat each patient differently and also avoiding problems, such as graft rejections. There is a growing incidence of laryngeal cancer globally and the treatment it is either surgery or radiation. Surgeries not only result in the loss of voice but the gap in the air passage can cause choking. These severe psychosocial and physiological problems can be overcome with the use of implants. The cochlear implants market has a large market share with an increase in the number of cases of patients who suffer from hearing disorders. The implants bring them a clear hearing and speech experience. This will allow to boost the market growth along with other factors, such as rapidly growing aging population and technological advancements.
High Costs of ENT Devices
The ENT devices and implants are expensive and can be afforded only by a few. Implants are more expensive than hearing aids. Developing and under developed countries have a low per capita income making advanced medical treatments, like implants unaffordable. Technologies, like voice restoration implants are still unavailable in most countries. The healthcare facility in these countries is still developing making these technologies inaccessible to the population. This is a restraint along with other factors, like reimbursement policy for ENT devices to the Global ENT Devices Market.
North America to Grow at Highest CAGR
Most of the market players are based in North America and there is awareness about advantages of using ENT devices solutions. Favorable reimbursement policies, better healthcare infrastructure, high cases of chronic sinusitis and other ENT disorders are the reason for high market share. Europe also has a good market share, especially for hearing aids due to high awareness and good healthcare infrastructure.
Key Developments in the Market
• March 2018 – Etymotic research merges with lucid hearing/lucid audio etymotic research kept its present name, product lines, and engineers. The facility will remain in Elk Grove Village, iii
Major players- AMERICAN HEARING SYSTEMS INC., AUDIOSYNC INC., BELTONE, COCHLEAR LTD., GN RESOUND A/S, INHEALTH TECHNOLOGIES, REXTON INC., SIEMENS HEALTHCARE, PANASONIC CORP., SONIC INNOVATIONS INC., SONOVA HOLDING AG, STARKEY LABORATORIES INC., UNITRON HEARING INC. AND ZOUNDS INC., amongst others.
Reasons to Purchase this Report
• Current and future ENT Devices market outlook in the developed and emerging markets
• Analysis of various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Frequently Asked Questions
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