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ENT Device Market Trends and Forecast

The future of the global 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 increasing incidence of ear, nose, and throat disorders, advancement in technology, and growing demand for minimally invasive procedures.
ENT Device Market by Product, Diagnostic Device, Surgical Device, and End Use Industry

A  more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below. 
ENT Device Market by Segments

ENT Device Market by Segment

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:

ENT Device Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Diagnostic Device
  • Surgical Device
  • Hearing Aids
  • Hearing Implants
  • Co2 Lasers
  • Image-Guided Surgery Systems

ENT Device Market by Diagnostic Device Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Endoscopes
  • Hearing Screening Device

ENT Device Market by Surgical Device Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Powered Surgical Instruments
  • Radiofrequency (RF) Handpieces
  • Handheld Instruments
  • Balloon Sinus Dilation Device
  • ENT Supplies
  • Ear Tubes
  • Voice Prosthesis Device

ENT Device Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]

  • Home Use
  • Hospitals and Ambulatory Settings
  • ENT Clinics

ENT Device Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of ENT Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ENT device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ENT device companies profiled in this report include. 

ENT Device Market Insights

  • 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.      
  • 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 favorable reimbursement policies for ENT treatments.

Features of the ENT Device Market

  • Market Size Estimates: ENT device market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: ENT device market size by various segments, such as by product type, diagnostic device type, surgical device type, end use industry, and region
  • Regional Analysis: ENT device market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product type, diagnostic device type, surgical device type, end use industry, and regions for the ENT device market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the ENT device market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the ENT device market size?
Answer: The global ENT device market is expected to reach an estimated $29.7 billion by 2028.
Q2. What is the growth forecast for ENT device market?
Answer: The global ENT device market is expected to grow with a CAGR of 6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the ENT device market?
Answer: 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.
Q4. What are the major segments for ENT device market?
Answer: The future of the ENT device market looks promising with opportunities in the home use, hospitals and ambulatory settings, and ENT clinics.
Q5. Who are the key ENT device companies?
Answer: Some of the key ENT device companies are as follows:
  • Karl Storz
  • Medtronic
  • Stryker
  • Smith & Nephew
  • Olympus Corporation
Q6. Which ENT device segment will be the largest in future?
Answer: 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.  
Q7. In ENT device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the aging population, highly equipped hospital facilities, and increasing favourable reimbursement policies for ENT treatments
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

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?
 
For any questions related to ENT device market or related to ENT device companies, ENT device market size, ENT device market share, ENT device analysis, ENT device market growth, ENT device market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global ENT Device Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global ENT Device Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global ENT Device Market by Product
3.3.1: Diagnostic Device
3.3.2: Surgical Device
3.3.3: Hearing Aids
3.3.4: Hearing Implants
3.3.5: Co2 Lasers
3.3.6: Image-Guided Surgery Systems 
3.4: Global ENT Device Market by Diagnostic Device Type 
3.4.1: Endoscopes
3.4.2: Hearing Screening Device  
3.5: Global ENT Device Market by Surgical Device Type  
3.5.1: Powered Surgical Instruments
3.5.2: Radiofrequency (RF) Handpieces
3.5.3: Handheld Instruments
3.5.4: Balloon Sinus Dilation Device
3.5.5: ENT Supplies
3.5.6: Ear Tubes
3.5.7: Voice Prosthesis Device 
3.6: Global ENT Device Market by End Use Industry
3.6.1: Home Use
3.6.2: Hospitals and Ambulatory Settings
3.6.3: ENT Clinics 
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global ENT Device Market by Region
4.2: North American ENT Device Market
4.2.1: North American ENT Device Market by Product: Diagnostic Device, Surgical Device, Hearing Aids, Hearing Implants, Co2 Lasers, and Image-Guided Surgery Systems 
4.2.2: North American ENT Device Market by End Use Industry: Home Use, Hospitals and Ambulatory Settings, and ENT Clinics  
4.3: European ENT Device Market
4.3.1: European ENT Device Market by Product: Diagnostic Device, Surgical Device, Hearing Aids, Hearing Implants, Co2 Lasers, and Image-Guided Surgery Systems
4.3.2: European ENT Device Market by End Use Industry: Home Use, Hospitals and Ambulatory Settings, and ENT Clinics  
4.4: APAC ENT Device Market 
4.4.1: APAC ENT Device Market by Product: Diagnostic Device, Surgical Device, Hearing Aids, Hearing Implants, Co2 Lasers, and Image-Guided Surgery Systems 
4.4.2: APAC ENT Device Market by End Use Industry: Home Use, Hospitals and Ambulatory Settings, and ENT Clinics  
4.5: ROW ENT Device Market 
4.5.1: ROW ENT Device Market by Product: Diagnostic Device, Surgical Device, Hearing Aids, Hearing Implants, Co2 Lasers, and Image-Guided Surgery Systems 
4.5.2: ROW ENT Device Market by End Use Industry: Home Use, Hospitals and Ambulatory Settings, and ENT Clinics    
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global ENT Device Market by Product 
6.1.2: Growth Opportunities for the Global ENT Device Market by Diagnostic Device Type
6.1.3: Growth Opportunities for the Global ENT Device Market by Surgical Device Type  
6.1.4: Growth Opportunities for the Global ENT Device Market by End Use Industry  
6.1.5: Growth Opportunities for the Global ENT Device Market by Region
6.2: Emerging Trends in the Global ENT Device Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global ENT Device Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global ENT Device Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Karl Storz 
7.2: Medtronic 
7.3: Stryker 
7.4: Smith & Nephew 
7.5: Olympus Corporation
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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