Hearing Aid Devices to dominate in the ENT Devices Market through 2028
Global ENT Devices Market to be driven by the increasing
prevalence of ear, nose, and throat disorders during the forecast period.
According to TechSci Research report, “ENT Devices Market –Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Global
ENT Devices Market is anticipated to grow at an impressive rate in the forecast
period, 2024-2028. This can be attributed to rising prevalence of ENT
disorders, technological advancements, an aging population, increasing
awareness of these conditions, and favorable reimbursement policies. The availability
of favorable reimbursement policies has also played a role in increasing the
demand for ENT devices. Health insurance policies that cover the cost of ENT
devices have made it easier for patients to access the care they need, leading
to an increased demand for these devices, thereby supporting the growth of
global ENT devices market. Additionally, developments such as the development
of 3D-printed ear prostheses has revolutionized the treatment of microtia, a
congenital deformity of the external ear. Such developments happening across
the ENT industry are expected to fuel the growth of global ENT devices market
in the coming years.
However, development
and production of ENT devices must adhere to strict quality assurance standards
and regulatory compliance guidelines. Devices must be thoroughly tested and
validated to ensure safety and efficacy, and manufacturers must follow specific
protocols for design, manufacturing, and labeling. Regulatory agencies such as
the US Food and Drug Administration (FDA) are responsible for reviewing and
approving ENT devices before they can be marketed, and there is a high level of
scrutiny placed on the safety and effectiveness of these devices. This in turn
is expected to slow down the growth of global ENT devices market. Also, the proper
use of ENT devices requires specialized training and education. Surgeons and
other healthcare professionals need to be trained in the use of these devices,
which can require significant time and resources. This training is essential
for ensuring that devices are used correctly and safely, and for optimizing
patient outcomes. However, the lack of standardization in training and
education can be a challenge, particularly in developing countries or rural
areas where access to specialized training may be limited. Another factor
restricting the growth of global ENT devices market is the compatibility and
integration of different ENT devices.
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Global ENT
Devices Market can be segmented by type, by end user, and by region. Based on
type, global ENT Devices market can be categorized into diagnostic devices,
surgical devices, hearing aid devices, hearing implants, nasal splints, and
others. The diagnostic devices segment is expected to dominate the market in
the coming years on account of growing awareness among the population
pertaining to preventive healthcare. Based on end user, the global ENT devices
can be categorized into hospitals, ENT clinics, ambulatory care settings, and
others. The hospitals segment dominated the market in 2022, owing to the
availability of advanced diagnostic and surgical procedures in these settings.
Major companies operating in the Global ENT
Devices Market are-
- Medtronic Plc
- Demant A/S
- Sonova
Holdings AG
- Ambu A/S
- GN Store Nord
A/S
- Olympus
Corporation
- Starkey
Laboratories, Inc.
- Rion Co., Ltd.
- Karl Storz
Gmbh & Co.KG
- Stryker
Corporation
- WS Audiology
A/S
- Hill-Rom
Holdings Inc.
- Johnson &
Johnson (Acclarent, Inc.)
- Cochlear
Limited
- Smith &
Nephew Plc
Various
companies operating in the market are following strategies such as product
launches, mergers & acquisitions, partnership & collaborations, among
others in order to stay competitive and have an edge over other players
operating in the global ENT devices market. For instance, a New Solution for
Neonatal Hypothermia MiraCradle is a new device that was launched in 2021. It
is designed to provide a safe and effective solution for neonatal hypothermia,
a condition that can occur in premature infants. The device uses a gel-filled
pad to regulate the infant's temperature, helping to prevent complications and
improve outcomes. This device is particularly important in developing
countries, where access to traditional incubators may be limited.
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“The
field of Ear, Nose, and Throat (ENT) devices has undergone significant
developments in recent years, driven by advances in technology, increased
understanding of ENT disorders, and an evolving healthcare landscape. These
developments have led to the creation of new devices and techniques that have
improved patient outcomes and made ENT care more accessible, opening new
opportunities for the growth of global ENT devices market.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
ENT Devices Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028
Segmented By Type
(Diagnostic Devices, Surgical Devices, Hearing Aid Devices, Hearing Implants,
Nasal Splints, Others), By End User (Hospitals, ENT Clinics, Ambulatory Care
Settings, Others), By Region and Competition”, has evaluated the future growth potential of Global
ENT Devices Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global ENT Devices Market.
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