Ear, Nose & Throat (ENT) Devices Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Ear, Nose & Throat (ENT) Devices Market

Market Overview

ENT devices are used for the rectification of smelling disorders, hearing disorders as well as problems associated with speaking or snoring. Recently, all-in-one ENT procedure systems have been launched by DRE Medical that significantly increase productivity by combining commonly used elements of an outpatient setting with state-of-the-art technology. A huge product folio of ENT devices are in the market including balloon sinus dilation devices, powered surgical instruments, handheld surgical instruments, CO2 lasers, hearing implants, hearing aids, image-guided surgery systems, etc.

Around 40 million people get in contact by sinusitis, in which which 34 million are chronic sinusitis patients, in US. In 2014, around 30.1 million adults were diagnosed with sinusitis in U.S, increasing rate of individuals diagnosed with chronic sinusitis tends to drive the ENT Devices Market.

The office of Hearing Services in Australia initiated several programs to improve the access to quality hearing services to clients and supports research and development in the field of hearing loss prevention and management. In addition, patent expiration of key products and presence of high unmet clinical needs in the emerging markets are the growth potential for the ENT devices market.

Market Segmentation

• By Product

• Diagnostic

• Rigid Endoscopes
• Flexible Endoscopes
• Robot Assisted Endoscopes
• Hearing Screening Device

• Surgical

• Radiofrequency Handpieces
• Powered Surgical Instrument
• Otological Drill Burs
• Tympanostomy Tubes
• Sinus Dilation devices
• Nasal Packing devices

• Hearing Implants

• Auditory Brainstream
• Cochlear Implant
• Middle Ear Implant
• Bone Anchored System

• Voice Prosthesis Device
• Nasal Splints

• Internal
• External

• By End User
  • Hospitals
  • Ambulatory Centers

• By Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Growth Drivers and Challenges

The prices of ENT devices are expected to reduce in near future, presence of target disease population, high patient awareness levels of patients and practitioners, increasing geriatric population and government initiatives like grants offering, installation of hearing service offices and other healthcare associations tends to drive the ENT devices market. Technological advancements like invisible hearing aids, indwelling voice prosthesis, and powered surgical devices, utilization of use of Digital Signal Processing (DSP) for further innovations, implementation of cost effective custom or cut size nasal splints that fit in-line with patient requirements, adoption of user-friendly material in manufacturing, etc are propelling the adoption of ENT devices.

Low level of awareness about the importance of early screening for hearing loss, underdeveloped reimbursement policies in rural areas, health insurance coverage complexity, presence of large patient pool but with less number and untrained ENT surgeons/physicians/personnel hinders the global ENT devices market.

Market Size and Forecast (2016-2024)

The global ENT devices market is expected to reach USD 5.75 billion by 2024 from USD 3.58 billion in 2016, at a CAGR of 6.1% during the forecast period.

In 2016, hearing aids accounted for the largest share at over USD 0.87 billion owing to the growing prevalence of hearing disability and hearing loss, while hearing implants tends to dominate the ENT devices market over the forecast period. Flexible endoscopes accounted for nearly 40% of the ENT endoscopes market in 2016.

Geographically, Europe has the highest degree of product penetration especially in hearing aids segment while North America acquires the largest market with revenues in ENT device market estimated to reach USD 1.91 billion by 2024 at a CAGR of 5.2% over the forecast period owing to presence of high patient awareness levels and sophisticated healthcare infrastructure. Asia Pacific market is expected to grow at the fastest CAGR of 6.45% during the forecast period due to increasing prevalence of ENT disorders and expansion in network of key market players, for instance, Widex and Belton are setting up their retail stores in India due to increasing purchasing power of the patients and the number of retail chains in India and China.

Key Market Players

• Olympus Corp.

o Synopsis

o Business Strategy

o Product Portfolio

o SWOT Analysis

• Medtronic
• Cochlear Limited
• Smith & Nephew
• Siemens Healthineers
• William Demant Holding
• Sonova Holding
• Stryker
• Starkey Hearing Technologies
• Rexton Inc.
• GN ReSound A/S
• Unitron Hearing Inc.
• Acclarent, Inc.
• Hoya Corporation
• Atos Medical AB
• Widex A/S
• Welch Allyn

Scope Background

Market Synopsis

Market Segmentation

Global Ear, Nose & Throat (ENT) Devices market is segmented as follows:

• By  Product (Market Size, Demand Analysis and Growth Analysis)
• By  End User (Market Size, Demand Analysis and Growth Analysis)

Global Ear, Nose & Throat (ENT) Devices market report covered insights of below mentioned regions:

• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors
• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks