Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.60 Billion | USD 28.51 Billion | 5.63% | 2023 |
The global ENT devices market size was worth around USD 17.60 billion in 2023 and is predicted to grow to around USD 28.51 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.63% between 2024 and 2032. The report offers an assessment and analysis of the ENT Devices market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
ENT Devices Market Overview
ENT devices are the equipment that are utilized for diagnosing treatment, or surgery of disorders of the ear, nose, and throat. These products assist in correcting issues about hearing, smelling, and snoring. There are myriad array of ENT equipment including nasal and ontological packaging material, image-guided surgical tools, endoscopes, hearing aids, hearing screening devices, powered surgical instruments, hearing implants, handheld surgical instruments, balloon sinus dilation instruments, CO2 lasers, ear tubes, and voice prosthesis device.
ENT Devices Market: Growth Dynamics
With the inception of disruptive technologies, there has been an addition to the portfolio of ENT devices with the latter finding large-scale applications in the fields of robotics, diagnostic imaging, and minimally invasive surgical operations. Furthermore, ENT devices are also used in 3D medical surgery and Otorhinolaryngology. All these aforementioned aspects will steer the business growth over the forecast timeline.
Apart from this, the rise in ear, nose, and throat-related problems occurring in the surging geriatric population will spike the growth of the ENT devices industry over the ensuing years. Augmented visualization and 3D printing techniques have further added to the expansion of the industry in recent years.
Report Attributes | Report Details |
---|---|
Report Name | ENT Devices Market |
Market Size in 2023 | USD 17.60 Billion |
Market Forecast in 2032 | USD 28.51 Billion |
Growth Rate | CAGR of 5.63% |
Number of Pages | 245 |
Key Companies Covered | William Demant Holdings A/S, Cochlear Limited, Medtronic plc, Stryker Corporation, KARLSTORZ GmbH & Co, Acclarent, Inc., Olympus Corporation, Smith & Nephew plc, Hoya Corporation, Sonova Holdings AG., and others. |
Segments Covered | By Product, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Account For Major Market Share Over Forecast Period
The growth of the industry during the forecast timespan is credited to the large-scale acceptance of ENT devices with new additional features. In addition to this, developed economies like the U.S. having huge levels of awareness about the significance of ENT devices in surgeries will further push the market growth in the region. Additionally, supportive trade laws related to the use of ENT equipment will amplify the business growth in the sub-continent.
The global ENT devices market is dominated by players like:
The global ENT devices market is segmented as follows:
By Product
By End User
By Region
FrequentlyAsked Questions
ENT devices are specialized medical instrumENTs used in ear, nose, and throat (ENT) examinations and procedures. These instrumENTs allow doctors to diagnose and treat a variety of conditions in these areas.
According to a study, the global ENT devices market size was worth around USD 17.60 billion in 2023 and is expected to reach USD 28.51 billion by 2032.
The global ENT devices market is expected to grow at a CAGR of 5.63% during the forecast period.
North America is expected to dominate the ENT devices market over the forecast period.
Leading players in the global ENT devices market include William Demant Holdings A/S, Cochlear Limited, Medtronic plc, Stryker Corporation, KARLSTORZ GmbH & Co, AcclarENT, Inc., Olympus Corporation, Smith & Nephew plc, Hoya Corporation, and Sonova Holdings AG., among others.
The ENT devices market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sENTimENT analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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