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World ENT Devices Market will Keep 8.1% CAGR to Cross $24.5 Billion by 2024
SELLBYVILLE, Del., April 26, 2018 /PRNewswire-iReach/ -- The Industry outlook report "ENT Devices Market Size By Product [Diagnostic (Rigid Endoscopes, Flexible Endoscopes, Robot Assisted Endoscope, Hearing Screening Devices), Surgical (Radiofrequency Handpieces, Powered Surgical Instrument, Otological Drill Burs, ENT Hand Instruments, Tympanostomy Tubes, Sinus Dilation devices, Nasal Packing Devices), Hearing Aids (In-the-ear (ITE), Receiver ITE, Behind-the-ear, Canal Hearing Aids ITC, CIC, IIC), Hearing Implants (Auditory Brainstem Implants, Cochlear Implants, Middle Ear Implants, Bone Anchored Hearing Systems), Voice Prosthesis Devices, Nasal Splints (Internal, External)], Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Japan, India, China, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" by Global Market Insights, Inc. says ENT Devices Market share is expected to cross $24.5 billion by 2024.
Rising prevalence of ENT disorders including nasal trauma, deafness, larynx cancer, hearing loss across the globe fuels the need to develop devices used for effective diagnosis and treatment of such ailments augmenting the global ENT devices market size.
Surging geriatric population will substantially influence ENT devices industry as they are more vulnerable to hearing ailments, throat infections and nasal disorders. Furthermore, high incidences among adult individuals will fuel the demand for ENT devices such as hearing aids, nasal splints, cochlear implants, auditory brainstem implants and sinus dilation devices in the future.
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Presence of favourable government initiatives such as Walk4Hearing campaign organized by Hearing Loss Association of America (HLAA) aimed at increasing awareness levels for hearing loss in the U.S. will fuel industry expansion.
Rapid technological advancement in hearing devices coupled with increased funding for hearing aid evaluation, devices and nasal procedures will augment industry growth over the forecast timeframe.
Unaffordable prices of procedures and instruments such as cochlear implants used to treat patient base suffering from hearing loss will impede market growth. Social stigmas among individuals for hearing aids and voice prothesis devices is another restraining factor hampering market growth.
Browse key industry insights spread across 220 pages with 189 market data tables & 8 figures & charts from the report, "ENT (Ear, Nose, Throat) Devices Market" in detail along with the table of contents:
Increasing cosmetic surgeries globally along with growing usage of surgical devices for installing or removing of an implant, removal of unwanted tissue, and sinus surgeries will drive surgical ENT devices market over the forecast period. Moreover, rising technological innovations coupled with fuelling adoption of powered surgical instruments and sinus dilation devices will accelerate business growth.
Rising volume of nasal surgeries coupled with increasing prevalence of nasal disorders such as sinusitis and upsurge in trauma cases are the major factors contributing to nasal splints segment growth.
Increased noise pollution rates leading to rise in hearing loss among children and youth will drive Canadian ENT devices market growth. Growing incidences of laryngeal cancer due to adoption of unhealthy habits such as alcohol consumption and tobacco smoking among adult population is another factor contributing to Canada's market share.
Germany should witness robust growth over the forecast period owing to high usage of hearing aids along with favorable government campaign such as "Noise at school – 'hearer's licenses' for children" for increasing awareness among children about noise exposure will fuel regional growth.
China ENT devices market should grow at significant rate due to rising geriatric population and strong government support such as providing hearing aids and cochlea implants to children under 6 years of age from families with low income.
Some of the prominent industry players operating in global ENT market are Cochlear, Siemens Healthcare, William Demant, Atos Medical, Starkey Hearing Technologies, Widex and Sonova.
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Industry players are focusing on research activities for the development of innovative products fulfilling unmet needs of patients with ENT disorders. For instance, Cochlear Limited introduced and launched its innovative Nucleus 7 cochlear implant sound processor in July 2017. The device allows users to stream sound from their iPhone, iPad and iPad touch further improving connectivity, accessibility and comfort through wireless solutions.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, [email protected]
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SOURCE Global Market Insights, Inc.
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