ENT Disorder Treatment Market – Insights on Current Scenario and Future Trends that Will Disrupt the Industry Growth
Global ENT Disorder Treatment Market
The Global ENT Disorder Treatment Market, by Treatment Type (Devices (Hearing Implants, Nasal Splints, Hearing Aid Devices, and Voice Prosthesis) and Drug Type (Anti-inflammatory Drugs, Antihistamines, Steroids, Antibiotics, and Others)), By Organ Type (Throat, Ear, and Nose), by End User (Home Care Settings, Hospitals, Ambulatory Surgical Centers, and Clinics), and by Region (North America, Asia Pacific, Latin America, Europe, the Middle East, and Africa) had a market valuation of US$ 9,521.1 million in 2016 and is estimated to grow at a CAGR of 3.2 percent during the forecast period (2017–2025).
With the increasing incidence of ear, nose and throat diseases and environmental pollution in the world, the global ENT disorder treatment market is expected to gain significant momentum. According to a 2017 article published by Harvard Medical School and Teaching Hospital, more than 360 million people around the world suffer from hearing loss and more than half of them can be treated with the right medication and care.
The development of new treatments for ENT diseases through extensive research and development is expected to be an important factor driving the growth of the global ENT disorder treatment market. Manufacturers are focusing on developing new and innovative treatments for otorhinolaryngology for the adult and pediatric field market share. Otonomy, Inc. is a drug manufacturer headquartered in the United States. In December 2015, it was approved by the FDA for OTIPRIO for the treatment of pediatric patients with bilateral otitis media with effusion. In May 2012, Meda Pharmaceuticals obtained FDA approval for the treatment of seasonal allergic rhinitis, which can be administered by intranasal administration or aerosol suspension. In June 2017, Inspire Medical Systems’ Inspire 3028 neurostimulator received FDA approval for the treatment of obstructive sleep apnea.
Stakeholders continue to focus on using new technologies to develop and update their products to treat various types of diseases. Market participants are undergoing clinical trials, and a large number of drugs and therapeutic devices are awaiting approval.
Browse 42 Market Data Tables and 36 Figures spread through 161 Pages and in-depth TOC on “Global ENT Disorder Treatment Market”- by Treatment Type (Devices (Hearing Implants, Nasal Splints, Hearing Aid Devices, and Voice Prosthesis) and Drug Type (Anti-inflammatory Drugs, Antihistamines, Steroids, Antibiotics, and Others)), By Organ Type (Throat, Ear, and Nose), by End User (Home Care Settings, Hospitals, Ambulatory Surgical Centers, and Clinics), and by Region (North America, Asia Pacific, Latin America, Europe, the Middle East, and Africa) – Global Forecast to 2025
Major players focus on strategic M&A strategies to develop and commercialize new ENT treatment drugs and medical equipment. In December 2017, Entellus Medical, Inc., a leader in the field of ENT medications, reached a final merger agreement with Stryker to develop effective ENT solutions through cooperation.
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The global ENT disorder treatment market is expected to grow at a CAGR of 3.22 percent during the forecast period. This is due to the increasing incidence of ear, nose and throat disease, coupled with the deteriorating environmental factors, such as increased air pollution and noise around the world. According to 2016 CDC data, 30 million people in the U.S. are exposed to extremely high decibel sound levels in the workplace, causing hearing loss.
In the type of treatment segment, the drug segment occupies a dominant position in the global ENT disorder treatment market. This is due to the medications being the first-line treatment for most diseases of the ear, nose, and throat.
Among end users, the hospital sector dominates the global ENT disorder treatment market as the majority of surgical, non-surgical and consultative procedures are performed in hospitals.
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ENT Disorder Treatment Market – Competitive Landscape
Key players functioning in the global prosthetic liners market consists of Sanofi, AstraZeneca, Novartis AG, Pfizer Inc., Mylan N.V., Teva Pharmaceutical Industries Ltd., GlaxoSmithKline Pharmaceuticals, Otonomy Inc., Merck & Co., Dr. Reddy’s Laboratories Ltd., Allergan plc, Cochlear Ltd., Sonova Holding AG, Siemens Healthcare, Starkey Laboratories Inc., William Demant Holding A/S, Widex A/S, GN ReSound A/S, Sonic Innovations Inc., Panasonic Corp., Beltone, Rexton Inc., Avada Hearing Care, Miracle-Ear Inc., MED-EL GmbH, Nuear Hearing Aids Inc., Audiosync Inc., Bernafon, American Hearing Systems Inc., Unitron Hearing Inc., and Zounds Inc.
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