Stratview Research delivers key insights on the global ENT (Ear, Nose, Throat) Devices Market. According to Stratview Research, the market is segmented By Product (Hearing Aids, Hearing Implants, Diagnostic Devices, Surgical Devices, Nasal Splints), Application (Hospitals, Clinics, Ambulatory Surgical Centers, Home Use), and Region
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
Market Insights
The report suggests that the overall ENT (Ear, Nose, Throat) Devices market is projected to grow from USD 18.3 billion in 2020 to USD 24.7 billion by 2026 at a CAGR of around 5.1% during the forecast period.
Market Segments' Analysis
By application, the ENT (ear, nose, and throat) devices market has been bifurcated into hospitals, clinics, ambulatory surgical centers, and home use. Under these, the hospitals' segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of required infrastructure and skilled staff in hospitals.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the high adoption rate of advanced technologies in the healthcare industry coupled with the presence of key market players such as Atos Medical Inc. (US) and Welch Allyn, Inc. (US). The market growth in the Asia-Pacific region is expected to be driven by the rising number of people suffering from ENT disorders.
Key Players
The following are some of the key players in the ENT (Ear, Nose, Throat) Devices Market:
· Atos Medical Inc. (US)
· Cochlear Limited (Australia)
· GN Store Nord A/S (Denmark)
· RION CO., LTD. (Japan)
· Siemens Healthineers AG (Germany)
· Sonova Holding AG (Switzerland)
· Starkey Hearing Technologies (US)
· Welch Allyn, Inc. (US)
· Widex A/S (Denmark)
· Demant A/S (Denmark)
· Karl Storz SE & Co. KG (Germany)
· Medtronic plc (Ireland)
· Meril Life Sciences Pvt. Ltd (India)
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