ENT device will grow significantly during forecast period due to rising number of geriatric population, increasing incidence of chronic sinusitis and hearing disability, growing demand for minimally invasive procedures and rising treatment awareness are primarily driving the growth of ENT devices market globally.

The report titled “ENT Devices Market - Growth, Future Prospects and Competitive Analysis, 2021–2029” offers strategic insights into the overall ENT devices market along with the market size and estimates for the duration 2019 to 2029.

Market size and forecast for these regional and country level markets are presented in this study for the period 2019-2029. Market growth rates for the forecast period 2021-2029 are also included in this report, considering 2020 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global ENT devices market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global ENT devices market. This report concludes with company profiles section that highlights major information about the key players engaged in global ENT devices market. In-depth competitive environment analysis and historical years (2019) market size data are also provided in the report. 

Thus, the research study provides a holistic view of the global ENT devices market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above-mentioned factors.

Ear, nose and throat (ENT) devices market will show significant market growth during forecast period due to growing healthcare awareness, favorable reimbursement scenario for ENT procedures in developed countries, rising adoption of minimally invasive ENT procedures, increasing incidence of ENT and pulmonary diseases, technological advances in ENT devices and rising number of geriatric population. It is observed that, in the base year 2020, demand for hearing aids devices is highest in market due to rising number of geriatric population, technological advances in hearing aids devices and increasing prevalence of hearing disability and hearing loss. According to World Health Organization (WHO), approximately one third of population over 65 years of age are affected by hearing loss. It is estimated that, diagnostic devices will grow significantly during forecast period due to developing new technology, rising treatment awareness and growing healthcare infrastructure.

In the base year 2020, North America dominated the global ENT devices market in terms of revenue and it is anticipated to further grow during forecast period 2021-2029. Factors such as rising geriatric population, higher healthcare awareness, upsurge in funding by government agencies and private organizations in healthcare system, continues technological advancement to the development of novel ENT devices are driving the market growth in North America. According to National Institute of Health (NIH), 2-3 out of every 1,000 children in the United States are born with a detectable level of hearing loss in one or both ears. According to the Centers of Disease Control and Prevention (CDC), in the United States, about 12.1% of the adult population are suffering from chronic sinusitis; this high prevalence of chronic sinusitis is driving the demand for ENT treatments.  On the other hand, it is anticipated that Asia Pacific will experience a significant market growth during the forecast period due increasing number of target population, expansion of distribution network of key market players in developing countries such as China and India, continuous economic development and developing healthcare infrastructure.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of ENT Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the ENT Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of ENT Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the ENT Devices market?
• Which is the largest regional market for ENT Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving ENT Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the ENT Devices market worldwide?