The global market for ENT (Ear, Nose, and Throat) devices is expected to reach USD 1.2 billion by the end of 2020, growing at a CAGR of around 8.3% from 2014 to 2021.
Ear, nose, and throat (ENT) devices are special equipment used for detection, therapy or surgery of any disorder related to the ear, nose or throat. They also refer to synthetic materials and prosthetic devices used to restore any dysfunction of the ears, nose or throat as well as to correct any problems with hearing, smelling or speaking.
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Global ENT Devices Market-Market Dynamics
The world ENT devices market has witnessed a stable growth over the past several years. The report details several factors driving and restraining the ENT devices market. Some of these are listed below.
Some factors contributing to the growth of the market are:
Increasing geriatric population
Rising healthcare expenditures in developed countries
Technologically advanced ENT devices leading to enhanced applications
Rising incidence of sinusitis
Rapid urbanization in emerging economies
Increasing trend of customized implants
Favorable funding in developed regions
Some of the factors limiting the growth of the market are high costs and technical errors associated with hearing aid device batteries.
The global ENT Market is segmented on the basis of hearing aid devices, hearing implants, cochlear implants, diagnostic devices, nasal splints, and voice prosthesis and region (North America, Europe, Asia-Pacific & the Rest of the World).
North America dominates the global ENT devices market due to technological advancement in the ENT arena in the region. The US represents the largest market for ENT devices, followed by Canada. In Europe, France, Germany and the UK hold the major share of the ENT devices market. However, Asia is expected to show high growth rates in the next five years in the global ENT devices market.
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Some of the key players in the market are:
GN ReSound A/S
Sonova Holding AG
Starkey Laboratories Inc.
Unitron Hearing Inc.
What the Report Offers
Market definition along with identification of key drivers and restraints for the market.
Market analysis for the ENT devices market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the ENT devices market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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Some points from TOC:
1.1 Report Description
1.2 Markets Covered
1.3 Research Methodology
- Executive Summary
- Market Overview
3.1 Market Definition
3.2 Market Drivers
3.2.1 Rising incidence of sinusitis
3.2.2 Technological advancements leading to enhanced applications
3.2.3 Rapid urbanization in emerging economies
3.2.4 Increasing trend for customized implants
3.3 Market Restraints
3.3.1 High costs of ENT devices
3.3.2 Technical errors associated with hearing aid device batteries
- PorterFive Force Analysis
4.1 Bargaining Power of suppliers
4.2 Bargaining power of buyers
4.3 Degree of competition
4.4 Threat of substitution
4.5 Threat of new entrants
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