The global ENT devices market is expected to grow by USD 4.71 billion as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 4%.
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Technavio has announced its latest market research report titled Global ENT Devices Market 2020-2024 (Graphic: Business Wire)
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Read the 120-page report with TOC on "ENT Devices Market Analysis Report by Product (Diagnostic ENT devices, Surgical ENT devices, Hearing implants, Voice prosthetics, and Nasal splints), Geography (North America, APAC, Europe, South America, and MEA), and the Segment Forecasts, 2020-2024".
https://www.technavio.com/report/global-ent-devices-market-industry-analysis
The market is driven by the rising prevalence of ENT disorders. In addition, the growing geriatric population is anticipated to boost the growth of the ENT devices market.
Over the years, the prevalence of disorders related to ENT has increased significantly across the world. Several factors such as infections (as measles, mumps, and meningitis); exposure to excessive or prolonged noise, chronic otitis media; head/neck injuries; use of ototoxic medications such as certain types of chemotherapies and antibiotics; aging; and many others are increasing the prevalence of various ENT disorders. Globally, about one-third of the population over 65 years is affected by disabling hearing loss. This condition is highly prevalent across regions such as South Asia, APAC, and Sub-Saharan Africa. The increasing prevalence of such disorders is influencing the growth of the global ENT devices market.
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Major Five ENT Devices Companies:
Cochlear Ltd.
Cochlear Ltd. operates its business through segments such as Americas, EMEA, and Asia Pacific. The company offers bone conduction implants and provides implantable hearing solutions.
Demant AS
Demant AS operates its business through segments such as Hearing Devices, Hearing Implants, and Diagnostics. The company offers hearing care solutions.
Johnson Johnson
Johnson Johnson operates its business through segments such as Consumer, Pharmaceutical, and Medical Devices. The company offers various ENT devices under its subsidiary company Acclarent Inc. Acclarent AERA Eustachian Tube Balloon Dilation System is one of its key offerings.
KARL STORZ SE Co. KG
KARL STORZ SE Co. KG operates its business through segments such as Human Medicine, Industrial, Veterinary Medicine, and Service. The company offers ENT devices for hearing problems.
Medtronic Plc
Medtronic Plc operates its business through segments such as Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. The company offers the IPC System, which is a multispecialty surgical power console for removing soft tissue, hard tissue, and bone during ENT surgeries.
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ENT Devices Market Product Outlook (Revenue, USD Billion, 2020-2024)
- Diagnostic ENT devices
- Surgical ENT devices
- Hearing implants
- Voice prosthetics
- Nasal splints
ENT Devices Market Geography Outlook (Revenue, USD Billion, 2020-2024)
- North America
- APAC
- Europe
- South America
- MEA
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