ENT(Ear, Nose, Throat) Devices Market 2019 Global Trend, Segmentation and Opportunities Forecast To 2025
Category: #business  By Rahul Varpe  Date: 2020-01-16
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ENT(Ear, Nose, Throat) Devices Market 2019 Global Trend, Segmentation and Opportunities Forecast To 2025

The abundance of contemporary innovations that ENT(Ear, Nose, Throat) Devices Market is presently characterized by two major rationales. The primary one being the subsequent increase in the number of hearing impairments. According to World Health Organization, nearly 360 million people across the globe suffer from disabling hearing loss. In this regard, it is prudent to mention that the prevalence is quite strong in underdeveloped regions, where healthcare facilities are not that advanced. Secondly, the growing geriatric populace who are more vulnerable to various ear, nose and throat ailments are also bringing a slew of opportunities for ENT devices industry participants. In fact, the hearing loss is said to be the most prevalent in the age group of 60-69 years. Statistics further depict that nearly 2% of adults aged within 45 to 54 suffer from disabling hearing loss, whereas the proportion gets increased to 8.5% for adults with 55 to 64 years.

Speaking of the portfolio of ENT(Ear, Nose, Throat) Devices Market, the business players have gained maximum profits from hearing aids. In fact, reports claim, hearing aids procured the maximum chunk of ENT devices industry share in 2016. With increasing number of hearing disorders worldwide, it goes without saying the percentage of authority is likely to continue. Numerous innovations with regards to this have already made their way to the front page, implying a positive growth trend for ENT devices industry share from the sales of hearing aids.

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Global ENT(Ear, Nose, Throat) Devices Market, an integral vertical of the overall medical devices continuum, has witnessed appreciable growth over the recent years. The commercialization potential of the business space is evident from the estimates that claims overall ENT devices industry size to cross a valuation of USD 26 billion by 2025. The linear supply-demand curve of the marketplace is providing significant opportunity to manufacturers to come up with groundbreaking innovations. Say for instance, California based market giant Intersect ENT has recently launched a corticosteroid releasing sinus implant, named SINUVA in the U.S. This device is claimed to ease nasal polyps treatment which conventionally required full-fledged surgical sinus procedures. Experts have been already raving about the technology after analyzing its efficacy, claiming it to be disruptive in the ENT devices industry.

Just fresh-off-the boat, Blamey Saunders, one of the leading Melbourne based ENT(Ear, Nose, Throat) Devices Market players received the prestigious Good Design Award of Australia in this year for its breakthrough device, Facett. The hearing aid device is featured with a core that is linked to an app. Powered by rechargeable batteries, Facett allegedly allows users to store one of the two pairs of modules in a small portable charging pod. If reports are to be relied on, it is claimed to be world’s first modular hearing aid, having pegged CSIRO Design Innovation Award for its outstanding architecture. An innovation of this degree undoubtedly marks exceptional advancements in ENT(Ear, Nose, Throat) Devices Market over the recent years.

Industry players in global ENT(Ear, Nose, Throat) Devices Market includes Atos Medical, Cochlear Limited, GN Hearing, Rion, Siemen’s Healthcare, Sonova, Starkey Hearing Technologies, Welch Allyn, Widex, William Demant.

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Given the fact that technology plays a pivotal role in this progressive pathway, U.S. undoubtedly experiences a strong command in the business space. The country garnered the title of procuring the largest ENT devices industry share in 2016.  Below mentioned are some of the statistics that aptly define the remunerative portfolio of the U.S. in global ENT(Ear, Nose, Throat) Devices Market:

  • The NIDCD (National Institute on Deafness and Other Communication Disorders) claims that nearly 15% (37.5 million) of American adults aged 18 and above are detected with some kind of hearing trouble.
  • Approximately 2- 3 out of 1000 children in the U.S. are born with detectable degree of hearing loss in one or both the ears.
  • Nearly, 28.8 million adults in the U.S. are said to benefit from hearing aids usage.
  • According to a report by Statista- the extensive prevalence of hearing loss nearly affects 10.6% of U.S. population.

 

Report Content

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Ear-Nose-Throat Devices industry 3600 synopsis, 2014 - 2025

2.1.1. Product type trends

2.1.2. Regional trends

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Chapter 3. Ear-Nose-Throat Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Growing ENT disorders prevalence worldwide

3.3.1.2. Favorable regulatory landscape in Europe and North America

3.3.1.3. Increasing geriatric population globally

3.3.1.4. Technological advancements in the ENT devices in North America and Europe

3.3.2. Industry pitfalls and challenges

3.3.2.1. High procedure and instruments cost

3.3.2.2. Social stigma across the globe

3.4. Growth potential analysis

3.4.1. By product type

3.5. Regulatory landscape

3.5.1. U.S.

3.5.2. Europe

3.6. Reimbursement scenario

3.6.1. U.S.

3.7. Technology landscape

3.8. Porter’s analysis

3.9. Competitive landscape, 2017

3.9.1. Strategy dashboard

3.10. PESTEL analysis

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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