According to Market Research Future (MRFR), the global ENT devices market estimated to expand at a CAGR of 6.2% from 2018 to 2023 (forecast period).
ENT devices are special devices used to diagnose and treat ear, nose, and throat related disorders. The broad range of ENT devices used are endoscopes, hearing aids, voice prosthetics, otoscopes, tongue depressors, tonsil forceps, laryngoscopes, speculums, nasal forceps, aural forceps, nasal splints. Various common ENT disorders in humans include tonsillitis, ear infections, sinus infections, sleep apnea. The use of these tools helps to resolve problems related to snoring, smelling, hearing, and speaking. The ENT specialist is trained in the medical and surgical treatment of the ears, nose, throat, and related structures of the neck or head.
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Factors such as the high prevalence of chronic sinusitis, geriatric population, technological advances, high demand for cosmetic ENT procedures, and adoption of minimally invasive ENT procedures are expected to trigger market growth. Moreover, favorable reimbursement of ENT procedures and funding policies is one of the key factors driving the market for ENT devices. For example, Medicare's national average payment for Nasal / Sinus endoscopy is USD 569, Adenoidectomy is USD 940, and Septoplasty or Submucous Resection is USD 940.
However, the high cost of CO2 lasers and devices can impede the growth of ENT devices market during the forecast period.
The global market for ENT devices is segmented based on product and end-user.
By product, the global market for ENT devices has been segmented into diagnostic devices, surgical devices, hearing implants, hearing aids, Co2 lasers, and image-guided surgery systems. The segment for diagnostic devices is further classified as endoscopes and hearing screening devices. The segment for endoscopes further divided as rigid endoscopes and flexible endoscopes. The segment for rigid endoscope includes otoscopes and sinuscopes. The segment for flexible endoscope includes rhinoscopes, laryngoscopes, pharyngoscopes, and nasopharyngoscopes. The segment for surgical devices is further classified as powered surgical instruments, radiofrequency (RF) handpieces, balloon sinus dilation devices, handheld instruments, ear tubes, voice prosthesis devices, ENT supplies. The segment for handheld instrument includes rhinology instruments, otology instruments, head and neck surgery instruments, laryngeal instruments, and others. The segment for ENT supplies includes packing material, nasal stents splints.
Based on end-user, the global market for ENT devices has been segmented into hospitals, ENT clinics, research and academic institutes, home care settings, ambulatory settings, and others.
Regionally, the global ENT devices market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas dominated the global market for ENT devices due to the presence of significant market players, increasing hearing loss, and developed economies such as the United States and Canada within the region. According to the report published in The Hearing Journal in 2017, almost 44 million U.S. adults over the age of 20 are predicted to have a hearing loss by 2020.
Europe held the second position in the global market for ENT devices in 2017. This can be due to increasing investment in research and development and rising technical advances.
The Asia Pacific was expected to be the fastest-growing region in 2017. Increasing expenditure on health care is driving regional markets in the Asia Pacific region. According to data submitted by the Australian Institute of Health and Welfare, Australia spent almost USD 181 billion on health in 2016–2017.
The Middle East and Africa had the least share in the global market for ENT devices due to the low per capita income, mainly in the African region.
Some of the leading participants in the global ENT devices market are Atos Medical AB, Hoya Corporation, Siemens Healthcare, Johnson Johnson Services, Inc., Karl Storz Gmbh Co. Kg, Cochlear Limited, Medtronic PLC, Olympus Corporation, Rion Co. Ltd, Smith Nephew PLC, Sonova Holding AG, Olympus Corporation, Starkey Laboratories Inc., Stryker Corporation, Widex A/S, William Demant Holding A/S, and others.
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