The global ENT devices market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). The market growth is mainly driven by factors that are growing pervasiveness of ENT diseases. According to the World Health Organisation over 5% of the population across the globe cover around 430 million people, which needs rehabilitation in order to address issues related to their disabling hearing loss. The prevalence of disabling hearing loss is increasing in low- and middle-income countries and around 80% of people leaving there suffer from this problem. Additionally, the prevalence of chronic rhinosinusitis is also increasing across the globe. As per the information by the World Allergy Organization, chronic rhinosinusitis ranges from about 8% in China, around 8.4% in Korea, and nearly 11% in Europe. This will further drive the adoption of the usage of ENT devices.
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The global ENT devices market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic in the major economies had brought a lot of disruption. Due to the COVID-19 pandemic, the availability of hospital resources had also been significantly impacted. Moreover, various manufacturing activities were shut down that delayed in making of new devices due to the COVID-19 pandemic that had adversely impacted the market.
The key players present in the global ENT devices market had been adopting various strategies that include new launches and mergers and acquisitions to gain major market share. For instance, in October 2020, one of the companies named Medtronic had done the acquisition of privately-held Ai Biomed Corp. that is considered as the maker of the PTeye parathyroid detection system in order to enhance its ENT portfolio.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Product
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Olympus America, Medtronic, Stryker, American Hearing + Audiology and Cochlear Ltd.
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Global ENT Devices Market Segmentation
By Product
- Diagnostic Devices
- Surgical Devices
- Hearing Aids
- Hearing Implants
- Co2 Lasers
- Image-Guided Surgery Systems
By End-User
- Hospitals
- ENT Centres
- Ambulatory Surgery Centres
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- American Hearing + Audiology
- Audina Hearing Instruments, Inc.
- Cochlear Ltd.
- Demant A/S
- GN Hearing A/S
- Horentek Hearing Diagnostics
- KARL STORZ
- Medtronic
- Meril Life Sciences Pvt. Ltd.
- Narang Medical Ltd.
- Olympus America
- Rion Co. Ltd.
- Sonova
- Starkey
- Stryker
- Zounds Hearing
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