ENT devices Global Market To Reach Value Of About $18 Billion In 2025
15 Feb, 2021
The ENT devices market consists of sales of ENT devices and related services by entities (organizations, sole traders and partnerships) that produce ENT devices used in diagnosis and treatment of ear, nose and throat diseases. This market is segmented into hearing aid devices and equipment, hearing diagnostic devices and equipment, ENT surgical devices and equipment, hearing implants, voice prosthesis devices and equipment, nasal splints.
Global ENT devices Market Size And Drivers:
The global ENT devices market is expected to grow from $12.49 billion in 2020 to $14.4 billion in 2021 at a compound annual growth rate (CAGR) of 15.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $18.24 billion in 2025 at a CAGR of 6%. Favorable government decisions and increased healthcare spending increased the demand for healthcare services and this drove the demand for ENT devices during this period.
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Trends In The Global ENT devices Market
ENT device manufacturers are investing in technologies to develop user friendly and non-invasive equipment. They are continuously investing funds and resources into R&D to increase the scope of their devices
Global ENT devices Market Segments:
The global ENT devices market is further segmented based on type, end user, type of expenditure, product and geography.
By Type: Hearing Aid Devices And Equipment, Hearing Diagnostic Devices And Equipment, ENT Surgical Devices And Equipment, Hearing Implants, Voice Prosthesis Devices And Equipment, Nasal Splints.
By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
By Type of Expenditure: Public, Private.
By Product: Instruments/Equipment, Disposables.
By Geography: The global ENT devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global ENT devices market, accounting for 33% of the total market.
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ENT devices Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ENT devices market overviews, analyzes and forecasts market size and growth for the global ENT devices market, ENT devices market share, ENT devices market players, ENT devices market segments and geographies, ENT devices market’s leading competitors’ revenues, profiles and market shares. The ENT devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.