ENT Surgical Devices Market Evaluated To Touch CAGR Value Of 5.5% By 2026
New York City, NY: Sept 18, 2019 – Published via (Wired Release) – 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.
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. 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%.
Global ENT Surgical Devices Market: Market Dynamics
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.
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However, lack of ENT specialists in various emerging countries and inadequate healthcare infrastructures for ENT surgeries across various developing countries are major factors that could restrain growth of the global ENT surgical devices market over the forecast period.
Ongoing trend observed in the target market is increasing awareness programs and campaigns in order to promote awareness regarding ENT disorders, which is expected to gain traction, thereby supporting growth of the global ENT surgical devices market over the forecast period. For instance, the American Academy of Otolaryngology – Head and Neck Surgery (AAO-HNS) – which is a US-based non-profit association with over 12,000 specialists for otolaryngology arranges several campaigns to promote awareness regarding ENT disorders among children and adults via social networking platforms.
Global ENT Surgical Devices Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global ENT surgical devices market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global ENT surgical devices market is expected to expand at a moderate CAGR of 5.5% during 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.
By Type: The handheld instruments segment is expected to register highest CAGR over 5.7% over the forecast period
By Application: The hospital segment is expected to register highest CAGR over 5.5% in the global market over the forecast period
By Region: The market in Asia Pacific is expected to register highest CAGR over 5.8% in the global ENT surgical devices market over the forecast period
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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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