08-Jul-2020 | Zion Market Research
As per Zion Market Research, the global ENT devices market is predicted to cross USD 19.44 billion by 2026 from USD 11 billion in 2019, with a CAGR of almost 8%. Growth in ENT devices market is majorly powered by the increasing elderly population, high occurrence of chronic sinusitis, increasing acceptance of minimally invasive ENT surgeries, encouraging reimbursement cases for ENT surgeries in developed nations, technical improvements, and rising attendance of prominent companies in the ENT devices market. The increasing acceptance of surgical techniques and instruments that are more accurate and minimally invasive as compared to the traditional techniques is a major market fashion that will power the global market in the coming period.
Major players in the ENT devices market comprise Cochlear Limited, Medtronic plc, KARLSTORZ GmbH & Co, Olympus Corporation, Smith & Nephew plc, Stryker Corporation, Hoya Corporation, Acclarent, Inc., William Demant Holdings A/S, and Sonova Holdings AG.
Increasing Occurrence Of Sinusitis Is Predicted To Power The Development Of ENT Devices Market
Chronic sinusitis is one of the leading 10 medical cases and adds up for almost USD 9 billion of direct healthcare price in the US. As per CDC, almost 29 million people or 13% of the adult people in the US are having chronic sinusitis, making it more widespread than asthma and diabetes. This high occurrence of chronic sinusitis is powering the requirement for ENT techniques such as FESS (functional endoscopic sinus surgery), endoscopic sinus surgeries, and balloon sinus dilation. Hence, increasing occurrence of sinusitis is predicted to power the development of ENT devices market.
The global ENT Devices Market report by Zion Market Research is a comprehensive study of present market trends in the industry, market growth factors, and limitations. These markets are studied at geographical level to offer exhaustive market study for the till 2025. Every market is analyzed comprehensively at a granular stage by region (North America, Asia, Europe, and Rest of the World) to offer thorough analysis at the global scenario.
Browse the full “ENT Devices Market - by End User (Ambulatory and Hospital), by Product (Surgical (RF, Handheld (Otology & Laryngeal), Diagnostic (Endoscope (Rigid, Flexible), Hearing Screening, Packing Material, Ear Tubes), Hearing Aids, and Lasers), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/ent-devices-market
The global ENT devices market is segmented as follows:
By End User
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