Global ENT Devices Market is expected to foresee significant growth. North America to lead the growth!

Global ENT devices market is expected to register a CAGR of around 7% over the period of 2021-2027. ENT refers to the eyes, nose, and throat. An ENT specialist`s process is to diagnose and deal with any disease, contamination, or any soreness referring to those human frame parts. The merchandise of the ENT gadgets marketplace is applied extensively for extraordinary purposes. but at times, those impairments require surgeries. The global ENT devices market is anticipated to witness an uptick with the increase in the number of people suffering from hearing problems, and eyesight problems. For instance, according to the WHO, there are over 460 million people worldwide, i.e., around 5% of the world’s population, living with disabling hearing loss, which is expected to increase to over 900 million or 1 in every 10 people by 2050. This along with the rapidly growing aging population across the globe is causing an increase in the number of patients having a middle ear infection and meningitis. Moreover, chronic inflammation and noise exposure are also the main factors that cause hearing impairment. Owing to these glaring statistics, the demand for ENT devices is anticipated to grow in the forthcoming years.

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Based on product type, the market is classified into diagnostic devices, surgical devices, hearing aids, and visualization devices. Amongst them, the hearing aids category accounted for a significant share of the market. This is mainly due to the increasing adoption of these devices, and technological advancements due to an increase in investment by market players in R&D contributing to the growth of the market.

Based on end-users, the market is categorized into hospitals, ENT clinics, and ambulatory clinics. Among these, the hospitals are expected to witness the highest CAGR during the forecast period owing to the rise in disposable income and increasing affordability for ENT treatment, and the high prevalence of hearing loss.

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For a better understanding of the market adoption of ENT devices market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the ENT devices industry and generated revenue of USD XX Million in 2020 owing to the presence of well-established market players and the rising geriatric population in the region.

Some of the major players operating in the market include Karl Storz Gmbh & co. KG, Medtronic plc, Stryker Corporation, Smith & Nephew plc, Olympus Corporation, Acclarent, inc., Cochlear Limited, Hoya Corporation, GN Store Nord, Welch Allyn.

Global ENT devices Market Segmentation

Market Insight, by Product Type

• Diagnostic Type
• Surgical Devices
• Hearing Aids
• Visualization Devices

Market Insight, by End-Users

• Hospitals
• ENT Clinics
• Ambulatory Clinics

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Karl Storz Gmbh & co. KG
• Medtronic plc
• Stryker Corporation
• Smith & Nephew plc
• Olympus Corporation
• Acclarent, inc.
• Cochlear Limited
• Hoya Corporation
• GN Store Nord
• Welch Allyn