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ENT Devices Market worth USD 14 Billion by 2020
ENT Devices Market by Product (Diagnostic (Endoscope (Rigid, Flexible), Hearing Screening), Surgical (RF, Handheld (Otology & Laryngeal), Packing Material, Ear Tubes), Hearing Aids, Lasers), & End User (Hospital & Ambulatory)
Browse 216 market data tables and 47 figures spread through 243 pages and in-depth TOC on “ENT Devices Market by Product (Diagnostic (Endoscope (Rigid, Flexible), Hearing Screening), Surgical (RF, Handheld (Otology & Laryngeal), Packing Material, Ear Tubes), Hearing Aids, Lasers), & End User (Hospital & Ambulatory) - Global Forecast to 2020”
The global ENT Devices market is expected to reach USD 14,001.3 Million by 2020 from USD 10,219.3 Million in 2015, at a CAGR of 6.5% during the forecast period.
The report segments the ENT devices market based on product, end user, and region. On the basis of products, the ENT devices market is segmented into diagnostic devices, surgical devices, hearing aids, hearing implants, CO2 lasers, and image-guided surgery systems. Hearing aids are expected to account for the largest share of ENT devices market, in 2015.
Factors such as high prevalence of chronic sinusitis, rising geriatric population, favorable reimbursement scenario for ENT procedures in developed countries, rising adoption of minimally invasive ENT procedures, increasing presence of prominent players in the ENT devices market, and technological advancements are expected to drive the ENT devices market growth.
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Among end users, the ambulatory settings segment is expected to grow at the highest CAGR during the forecast period. On the basis of region, the ENT devices market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to account for the largest share of this market in 2015. However, the Asian market is expected to grow at the highest CAGR, mainly due to the growing preference for minimally invasive ENT surgeries, rise in disposable incomes in developing countries, rapidly growing elderly population, increase in focus of market players on India, and less stringent regulatory guidelines.
The ENT devices market is highly competitive, with presence of several big as well as emerging market players. In addition, each product segment has a different set of vendors. Key market players include Medtronic plc (Ireland), Olympus Corporation (Japan), Karl STORZ GmbH & Co (Germany), Stryker Corporation (U.S.), Smith & Nephew plc (U.K.), Acclarent, Inc. (U.S.), Hoya Corporation (Japan), Sonova Holdings AG (Switzerland), William Demant Holdings A/S (Denmark), and Cochlear Limited (Australia).
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