Dublin, July 08, 2021 (GLOBE NEWSWIRE) -- The "ENT Devices Market by product (Diagnostic (Endoscope, Hearing Screening Devices), Surgical Devices, (Powered Surgical Instruments, ENT Supplies, Ear Tubes), Hearing Aids, CO2 Lasers, & End Users (Hospital & ASCs, ENT Clinics)- Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global ENT Devices market size is projected to reach USD 22.3 billion by 2026 from USD 16.2 billion in 2021, at a CAGR of 6.6% during the forecast period.
The growth in this market is attributed to the rising aging population and the associated hearing loss, rise in disposable income and increasing affordability for ENT treatment, improving healthcare infrastructure and expenditure, and rising product availability and awareness. Moreover, the growth opportunities in emerging markets are expected to provide growth opportunities for players in the ENT Devices market during the forecast period.
Hearing Aids segment to witness the highest growth during the forecast period.
Based on the product, the ENT Devices market is segmented into Diagnostic Devices, Surgical Devices, Hearing Aids, Hearing Implants, Co2 Lasers, Image-Guided Surgery Systems. The Hearing Aids products segment accounted for the larger share of the ENT Devices market. The large share of this segment can be attributed to increases in the demand for hearing aids. As an individual age, changes occur in the nerve pathways from the ear to the brain which can lead to hearing loss
Endoscopes segment to register the highest growth in the ENT Devices market during the forecast period.
Based on the Diagnostic Devices, the ENT Devices market is segmented into Endoscopes and Hearing Screening Devices. In 2020, the Endoscopes segment accounted for the largest share of the ENT Devices market. The large share of this segment can be attributed to research and development in endoscopes leads to the launch of efficient and different types of endoscopes for the surgeries.
Asia Pacific is estimated to register the highest CAGR during the forecast period.
In this report, the ENT Devices market is segmented into four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). The market in Asia Pacific is projected to register the highest growth rate during the forecast period.
Factors such as growing preference for minimally invasive ENT surgeries, rise in disposable income in developing countries, rapidly growing elderly population, increase in focus of the market players in India, and less-stringent regulatory guidelines are expected to drive the growth of the Asian ENT devices market.
Rapid Growth in Geriatric Population to Drive the Market Growth
The Hearing Aids Segment to Account for the Largest Market Share in 2020
The Home Use Segment and the US to Dominate the North American ENT Devices Market in 2020
China to Register the Highest Growth Rate During the Forecast Period
High Prevalence of ENT Disorders or Diseases
Rapidly Growing Aging Population
Favorable Reimbursement Scenario for ENT Procedures in Developed Countries
Growing Adoption of Minimally Invasive ENT Procedures Such as Benefit of Balloon Sinuplasty/Sinus Dilation Over Convention Sinus Surgeries
High Cost & Lack of Reimbursement Policies for ENT Devices or Procedures Across Developing Countries
High Cost of C02 Lasers
High Demand for Cosmetic ENT Procedures
Growing Healthcare Market in Emerging Economies
Survival of Small Players and New Entrants
Dearth of Skilled Otolaryngologists and ENT Surgeons
Increasing Pricing Pressure on Market Players
COVID-19 Impact Analysis
Karl Storz GmbH & Co. Kg
Smith & Nephew plc
Sonova Holding Ag
William Demant Holding A/S
GN Store Nord
Atos Medical Ab
Welch Allyn (Subsidiaries of Hill-Rom Holdings Inc)
Starkey Hearing Technologies
Rion Co. Ltd
American Hearing Systems Inc
Zounds Hearing Inc.
Narang Medical Limited
Ws Audiology A/S
Audina Hearing Instruments
Meril Life Sciences Pvt Ltd
Intersect ENT, Inc.
Richard Wolf Gmbh
For more information about this report visit https://www.researchandmarkets.com/r/yqjzml
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