Healthcare

According to a market report by Lucintel, the future of the ENT device market looks promising with opportunities in the home use, hospitals and ambulatory settings, and ENT clinics. The global ENT device market is expected to reach an estimated $29.7 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are increasing incidence of ear, nose, and throat disorders, advancement in technology, and growing demand for minimally invasive procedures.



In this market, diagnostic ENT device, surgical ENT device, hearing aids, hearing, implants, and nasal splints are the major product type segments of ENT device market. Lucintel forecast that hearing aids will remain the largest segment over the forecast period due to increasing incidence of hearing loss, rising geriatric population, and growing awareness towards cochlear implants.   



Within this market, hospitals and ambulatory settings is expected to remain the largest segment due to the rising disposable income, growing number of patients suffering from ENT related disorders, and increasing affordability of ENT treatment.



North America will remain the largest region due to the aging population, highly equipped hospital facilities, and increasing favourable reimbursement policies for ENT treatments.

Karl Storz, Medtronic, Stryker, Smith & Nephew, and Olympus Corporation are the major suppliers in the global ENT device market.   



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ENT device market by product type, diagnostic device type, surgical device type, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global ENT Device Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global ENT device market by ENT device market by product type, diagnostic device type, surgical device type, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the ENT device market by product (diagnostic device, surgical device, hearing aids, hearing implants, Co₂ lasers, and image-guided surgery systems), diagnostic device type (endoscopes and hearing screening device), surgical device type (powered surgical instruments, radiofrequency (RF) handpieces, handheld instruments, balloon sinus dilation device, ENT supplies, ear tubes, and  voice prosthesis device), end use industry (home use, hospitals and ambulatory settings, and ENT clinics), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?