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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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Market Dynamics
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 for the ENT devices market. 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.
Key players
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.
Segmentation
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.
Regional Analysis
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.
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