ENT (Ear, Nose, Throat) Devices trends research and projections for 2016-2023

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ENT Devices Market to exceed 24bn by 2023
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from ENT Devices Market

• Global ENT devices market revenue is projected to
  exceed revenue of USD 24 billion by 2023, at 5
  growth.
• U.S. ENT device market size, at USD 3.85 billion
  was the largest in North America, which was more
  than 85 of total 2015 regional sales. Strong
  initiatives to prevent hearing loss cases and
  introduction of technologically advanced products
  is set to drive regional penetration.
• Diagnostics dominated the global ENT device
  industry share in 2015, at more than USD 3.5
  billion in revenue, while the diagnostic segment
  endoscopes.
• The surgical ENT devices market size was
  dominated by radiofrequency hand piece devices
  owing to its advanced technology, set to exceed
  USD 4 billion by 2023.

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Continued...

• Germany UK are major revenue pockets for Europe
  ENT device market, bringing in over 46 revenue
  collectively in 2015, with Germany likely to
  witness relatively higher growth rate.
• Japan, China, and India are major APAC growth
  regions, with overall industry growth
  expectations of 6.5 CAGR.
• Mexico was the prominent revenue contributor to
  the LATAM industry, with revenue in-line to
  surpass USD 450 million by 2023. Increase in
  geriatric population base and adoption of
  innovative technologies are the factors
  contributing to the growth of Mexico hearing aids
  market.
• Medtronic, Siemens, Atos, Cochlear, Olympus,
  Smith Nephew, and William Demant are a few key
  industry companies.

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U.S. ENT Devices Market Size, By Product, 2012 -
2023 (USD Million)

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360 Analysis

• Application Trends
• The advent of new technology in terms of ease of
  use for patient, and availability of miniature
  size devices is set to increase the demand. Major
  players are offering hearing aids that can be
  embedded deep in the ear, such that they are
  visually hidden, increasing the cosmetic appeal
  for patients. Medtronic Inc. has developed new
  range of powered surgical devices, otological
  drills and burrs, and manual ENT instruments,
  which are technologically more advanced,
  time-saving, and accurate in nature. Increasing
  use of advanced laser and radiofrequency
  technology during surgical and diagnostic
  procedures is expected to drive ENT devices
  market size.
• Regional Trends
• North America took up the largest regional ENT
  devices market size, valued at USD 6.2 billion in
  2015, growing prevalence of hearing impairment in
  North America is one of the most significant
  driving factors. In addition, there is a growing
  prevalence of deafness in geriatric population.
  About 20 of the geriatric population over age 60
  suffers from hearing damage and the number
  increases to 40 over 75 years of age.
• Competitive Market Share
• The major players in the market include Olympus
  Medical System, Smith and Nephew, Medtronics,
  Inc., William Demant, Siemens Healthcare,
  Cochlear Inc., Atos Medical, and Invotec Medical
  Inc. among others

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