ENT Devices Market Size, Growth, Trends | Report 2023-2032
The global ENT devices market was surpassed at USD 23.15 billion in 2022 and is expected to hit around USD 40.30 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
Key Pointers
| Report Coverage | Details |
| Market Size in 2022 | USD 23.15 billion |
| Revenue Forecast by 2032 | USD 40.30 billion |
| Growth rate from 2023 to 2032 | CAGR of 5.7% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Demant A/S; Sonova; GN Store Nord A/S; Ambu A/S; Pentax Medical; Karl Storz; Olympus Corporation; Richard Wolf GmbH; Cochlear Ltd.; Starkey Laboratories, Inc.; Rion Co., Ltd.; Stryker; Smith & Nephew |
Increasing penetration of minimally invasive ENT procedures, increasing prevalence of ENT-related disorders, and rising geriatric population are among the key trends stimulating market growth. Technological advancements also play an important role in the growth of the market.
Demand for advanced ENT devices and systems, such as robot-assisted endoscopes, in developing economies is low due to high cost as their use is concentrated in developed economies, such as the U.S. However, increasing healthcare spending by other governments and a rise in per capita income are anticipated to significantly improve market penetration. Sales are expected to increase at a rapid pace in developing economies due to the high incidence of ENT diseases, such as hearing loss and sinusitis, and an increase in efforts to provide better access to healthcare facilities in these regions.
Hearing loss/impairment has become one of the most common conditions in patients, especially in industrialized countries. According to the WHO, there are over 460 million people worldwide, i.e., around 5% of the world’s population, living with disabling hearing loss, which is expected to increase to over 900 million or 1 in every 10 people by 2050. Two of the main reasons for this are growing life expectancy and increasing noise pollution, which means more cases of age-related hearing loss. Infections such as measles, middle ear infection, or meningitis are also common causes of hearing loss in low-income countries. Moreover, chronic inflammation, noise exposure, vascular disorders, physiological aging of the ear, and genetic susceptibility may cause hearing impairment.
Rising technological advancements such as the adoption of AI and ML and innovations in auditory products are propelling industry growth. For instance, in October 2021, Audibel, a health-technology company, launched Arc-AI, an AI hearing aid. It is programmed to automatically adjust hearing volume and is available in various styles, such as behind-the-ear and completely in-canal styles. In January 2019, Lively launched an online audiology platform that provides hearing aids, tests, and 24/7 online support for all clients. All users of the platform can communicate with an audiologist via video conference and receive hearing aid without the need to visit an office or retail store.
ENT products for minimally invasive procedures are dominated by companies such as Karl Storz, which offers HD video rhino-laryngoscope that can be used for visualization of the nose, pharynx, and larynx in HD image quality. Ambu, Inc. also offers single-use rhino-laryngoscope, which provides ENT specialists an alternative to reusable scopes. In March 2019, the company received CE Mark for Ambu aScope 4 RhinoLaryngo Slim.
ENT Devices Market Segmentations:
By Product
Chapter 1. Introduction
1.1.Research Objective
1.2.Scope of the Study
1.3.Definition
Chapter 2. Research Methodology
2.1.Research Approach
2.2.Data Sources
2.3.Assumptions & Limitations
Chapter 3. Executive Summary
3.1.Market Snapshot
Chapter 4. Market Variables and Scope
4.1.Introduction
4.2.Market Classification and Scope
4.3.Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5.COVID 19 Impact on ENT Devices Market
5.1. COVID-19 Landscape: ENT Devices Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4.Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1.Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2.Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1.List of Suppliers
7.1.3.2.List of Buyers
Chapter 8. Global ENT Devices Market, By Product
8.1.ENT Devices Market, by Product Type, 2023-2032
8.1.1. Diagnostic ENT Devices
8.1.1.1.Market Revenue and Forecast (2019-2032)
8.1.2. Surgical ENT Devices
8.1.2.1.Market Revenue and Forecast (2019-2032)
8.1.3. Hearing Aids
8.1.3.1.Market Revenue and Forecast (2019-2032)
8.1.4. Hearing Implants
8.1.4.1.Market Revenue and Forecast (2019-2032)
8.1.5. Nasal Splints
8.1.5.1.Market Revenue and Forecast (2019-2032)
Chapter 9. Global ENT Devices Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2019-2032)
9.1.2. U.S.
9.1.2.1. Market Revenue and Forecast, by Product (2019-2032)
9.1.3. Rest of North America
9.1.3.1. Market Revenue and Forecast, by Product (2019-2032)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2019-2032)
9.2.2. UK
9.2.2.1. Market Revenue and Forecast, by Product (2019-2032)
9.2.3. Germany
9.2.3.1. Market Revenue and Forecast, by Product (2019-2032)
9.2.4. France
9.2.4.1. Market Revenue and Forecast, by Product (2019-2032)
9.2.5. Rest of Europe
9.2.5.1. Market Revenue and Forecast, by Product (2019-2032)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2019-2032)
9.3.2. India
9.3.2.1. Market Revenue and Forecast, by Product (2019-2032)
9.3.3. China
9.3.3.1. Market Revenue and Forecast, by Product (2019-2032)
9.3.4. Japan
9.3.4.1. Market Revenue and Forecast, by Product (2019-2032)
9.3.5. Rest of APAC
9.3.5.1. Market Revenue and Forecast, by Product (2019-2032)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2019-2032)
9.4.2. GCC
9.4.2.1. Market Revenue and Forecast, by Product (2019-2032)
9.4.3. North Africa
9.4.3.1. Market Revenue and Forecast, by Product (2019-2032)
9.4.4. South Africa
9.4.4.1. Market Revenue and Forecast, by Product (2019-2032)
9.4.5. Rest of MEA
9.4.5.1. Market Revenue and Forecast, by Product (2019-2032)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2019-2032)
9.5.2. Brazil
9.5.2.1. Market Revenue and Forecast, by Product (2019-2032)
9.5.3. Rest of LATAM
9.5.3.1. Market Revenue and Forecast, by Product (2019-2032)
Chapter 10.Company Profiles
10.1. Demant A/S
10.1.1.Company Overview
10.1.2.Product Offerings
10.1.3.Financial Performance
10.1.4.Recent Initiatives
10.2. Sonova
10.2.1.Company Overview
10.2.2.Product Offerings
10.2.3.Financial Performance
10.2.4.Recent Initiatives
10.3. GN Store Nord A/S
10.3.1.Company Overview
10.3.2.Product Offerings
10.3.3.Financial Performance
10.3.4.Recent Initiatives
10.4. Ambu A/S
10.4.1.Company Overview
10.4.2.Product Offerings
10.4.3.Financial Performance
10.4.4.Recent Initiatives
10.5. Pentax Medical
10.5.1.Company Overview
10.5.2.Product Offerings
10.5.3.Financial Performance
10.5.4.Recent Initiatives
10.6. Karl Storz
10.6.1.Company Overview
10.6.2.Product Offerings
10.6.3.Financial Performance
10.6.4.Recent Initiatives
10.7. Olympus Corporation
10.7.1.Company Overview
10.7.2.Product Offerings
10.7.3.Financial Performance
10.7.4.Recent Initiatives
10.8. Richard Wolf GmbH
10.8.1.Company Overview
10.8.2.Product Offerings
10.8.3.Financial Performance
10.8.4.Recent Initiatives
10.9. Cochlear Ltd.
10.9.1.Company Overview
10.9.2.Product Offerings
10.9.3.Financial Performance
10.9.4.Recent Initiatives
10.10. Starkey Laboratories, Inc.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11.Research Methodology
11.1.Primary Research
11.2.Secondary Research
11.3.Assumptions
Chapter 12.Appendix
12.1. About Us
12.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers