ENT Surgical Devices Market Flourish To Reach CAGR Of 5.5% Over The Forecast Period 2017-2026
The global ENT surgical devices market is estimated to value at over US$ 2 Bn in 2018, and is expected to register a CAGR of 5.5%. The first five-year cumulative revenue (2018–2022) is projected to be over US$ 12.5 Bn, which is expected to increase considerably over the latter part of the five-year forecast period.
ENT devices are equipment that are used for diagnosis, therapies, or in surgeries related to the ear, nose, and throat to treat any conditions such as sinuses, larynx (voice box), oral cavity, and upper pharynx (mouth and throat) and adjacent structures of the head and neck or disorders related to hearing, smelling, snoring, or speaking.
Global ENT Surgical Devices Market: Driving Factors
Increasing prevalence of ENT related deceases and disorders, and increasing demand for ENT surgical devices across healthcare industry are major factors expected to drive growth of the global ENT surgical devices market over the forecast period. In addition, increasing demand for minimally invasive ENT surgeries, coupled with various advantages offered over traditional surgeries, facilitating faster recovery time, and shorter hospital stay are some factors expected to further fuel growth of the global ENT surgical devices market over the forecast period.
Furthermore, minimally invasive ENT surgical procedures offer various benefits over traditional surgeries, thereby facilitating faster recovery time and shorter hospital stay, and also reduce healthcare expenditure and time of recovery of patients, which is another factor expected to drive growth of the target market to a significant extent over the forecast period.
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Global ENT Surgical Devices Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region. The type segment includes powered surgical instruments, radiofrequency hand pieces, handheld instruments, and others. By application segment includes Hospital and clinic. The regions covered in the analysis are North America, Europe, Asia Pacific, South America, and Middle East & Africa.
On the basis of type segmentation, the handheld instruments segment is expected to contribute major revenue share and is estimated to maintain its dominance over the forecast period. The handheld instruments segment is estimated to register highest CAGR of over 5.7%, owing to increasing demand for handheld instruments for ENT surgical treatment.
On the basis of application segmentation, the hospital segment is expected to contribute major revenue share of the market and is expected to maintain its dominance over the forecast period. The hospital segment is projected to register highest CAGR over 5.5% over the forecast period, owing to availability of various reimbursement policies in hospitals and increasing number of patent pool.
The market in North America accounted for significant revenue share of over 25% in the global ENT surgical devices market in 2017. Improved healthcare infrastructure and presence of advanced medical facilities across various countries in this region, especially the US, are major factors driving growth of the North America ENT surgical devices market.
The market in Middle East & Africa is expected to contribute moderately to the global ENT surgical devices market. Humid climate and high presence of sand particles results in ear infections and sinusitis problems in several countries in the Middle East. Rising prevalence of ear infections and increasing demand for comprehensive ENT services are major factors driving growth of the ENT surgical devices market in the UAE.
Global ENT Surgical Devices Market: Competitive Analysis
The research report on the global ENT surgical devices market includes profiles of some of major companies such as Medtronic plc, Johnson & Johnson (Acclarent, Inc.), Stryker Corporation, Smith & Nephew plc, Olympus Corporation, B. Braun Melsungen AG, KARL STORZ GmbH & Co. KG, Spiggle & Theis Medizintechnik GmbH, CONMED Corporation, Happersberger otopront GmbH, Zhejiang Tiansong Medical Instrument Co. Ltd., Reda Instrumente GmbH, and Cochlear Limited and HOYA Corporation (PENTAX Medical).
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The global market report consists of the following chapter to offers an intensive scenario:
– Chapter 1, explore Market basic overview, product purview, the outlook of the market, opportunities, market threats/risk, market driving elements
– Chapter 2, studied the leading manufacturers with sales, revenue, and cost
– Chapter 3, presents the competitive scenario across the leading manufacturers, with sales, share and market revenue
– Chapter 4, details to show the global market by region-wise, with sales, revenue and market share
– Chapter 5, 6, 7, 8 and 9, to study the major regions, with sales, revenue and market share by major countries in these regions
– Chapter 10 and 11, includes various segmentation, with sales, market share and growth rate by type, application
– Chapter 12, market forecast by various segmentation and topographical regions, with sales and revenue, from 2017 to 2028
– Chapter 13, 14 and 15, to explains sales channel, suppliers, proprietors, research discoveries, and conclusion, addendum and information source