The ageing population worldwide is a major driver of demand for ENT Medical Devices Market , and rising health consciousness over time has further fueled market expansion. The COVID-19 pandemic epidemic had an impact on supply and demand patterns, particularly for non-critical medical care, but since the fourth quarter of 2020, the diagnostics sector has been recovering, supporting demand growth.
A fresh research on the worldwide market for ENT medical devices by Fact.MR provides a thorough analysis of the sector’s potential and new development prospects for key players. While 20+ nations will provide strong growth potential to stakeholders in this industry, with demand for diagnostic ENT devices in particular high, the research states that ENT medical device makers are focused on leading regions such as North America, Europe, Asia Pacific, and Latin America.
Prominent Key players of the ENT Medical Devices market survey report:
- Atos Medical AB
- Siemens Healthineers
- Rion Co., Ltd.
- Welch Allyn
- Sonova Holding AG
- Smith & Nephew Plc.
- Hoya Corporation
- Olympus Corporation
- Medtronic Plc.
Market Segmentation by Category
-
Product
- Diagnostic ENT Devices
- Rhinoscopes
- Laryngoscopes
- Otological endoscopes
- Robot Assisted Endoscopes
- Others
- Surgical ENT Devices
- Hearing Aids & Implant Devices
- Others
- Diagnostic ENT Devices
-
Region
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
Competitive Landscape
Key competitors in the worldwide ENT medical devices market are creating cutting-edge, affordable goods as competition heats up.
For instance,
- In the past five years, Hoya Corporation has introduced a new line of laparoscopic surgical tools, intraocular lenses, medical endoscopes, and other products.
- Smith and Nephew Plc Recently, the company introduced a new series of adenoid and tonsil wands, including the PRECISE EZ VIEW, PRECISE XP, and EVAC 70 XTRA.
How are Advancements in Medical Devices & Diagnostics Augmenting Market Growth?
In order to diagnose and treat different ENT illnesses, medical ENT equipment must meet stringent criteria. Fact.MR predicts that over the next few years, demand for a variety of rigid and flexible endoscopes, surgical ENT devices, and hearing aid devices would increase, boosting the expansion of ENT medical device makers.
The United States continues to have the largest medical device sector in the world, valued at US$ 156 billion, and is anticipated to grow to US$ 208 billion by 2023, according to a research titled “Medical Technology Industry Spotlight” issued by SelectUSA. According to a study titled “European Commission- Medical Devices Sector” that was released by the European Commission, the medical devices sector in the European Union (EU) is quite sophisticated and includes more than 500,000 different types of IVDs and medical devices. These figures highlight the brand-new potential available to ENT medical device suppliers worldwide.
Who is Winning in this Space?
The global market for ENT medical devices is thriving thanks to innovations by companies in the sector, while also offering them a highly competitive environment. Key firms are introducing a wide range of products, investing substantially, and forming alliances with other players in order to take advantage of the high industry potential.
For instance,
- In order to expand its sales reach, Siemens Healthineers issued 53 million additional shares to institutional investors in an expedited book-building offering.
- In the past five years, Atos Medical AB has introduced a new line of laryngectomy tools, voice prosthesis solutions, HMEs, and other products.
More Valuable Insights
In its most recent study, Fact.MR provides an objective analysis of the market for ENT medical devices, including historical data for the years 2016 to 2020 and projected figures for the years 2021 to 2031. The market is divided based on product (diagnostic ENT devices [rhinoscopes, laryngoscopes, ontological endoscopes, robot assisted endoscopes, and others], surgical ENT devices, hearing aids & implant devices, and others), across seven major regions of the world, in order to understand the potential, growth, and scope of the global market (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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