Global Ear, Nose and Throat Market Is Expected to Get USD 27.63 billion by 2022

The Ear Nose and Throat (ENT) Devices Market was worth USD 14.35 billion in the year of 2012 and is expected to reach approximately USD 27.63 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 6.07% during the forecast period. Increasing expectancy of life because of the existence of healthcare infrastructure that are sophisticated and increasing discretionary cash-flow levels has prompted a fast development in the aged populace base therefore, activating development in target rates of disease incidences. Developing predominance of disorders related ageing, for example, loss of hearing and reduction in working levels of ear, nose, and throat, is relied upon to drive the ENT devices industry over the figure time frame. The increasing age likewise prompts reduced levels of immunity making individuals more inclined to diseases, for example, a sore throat because of streptococcus contamination. As per the Action on Hearing Loss Information, more than 10 million individuals in the United Kingdom or one out of every six persons experienced loss of hearing. Out of these, 6.4 million individuals were in the age group of 65, or more and 800,000 million individuals experienced extreme deafness. Rising levels of awareness regarding healthcare among patients and professionals, rising implementation rates of hearing aids and impairments because of the advancement of aesthetic items and developing pattern for nasal correction procedures are anticipated to help the development of the market over the figure time frame. Advancements in technology and the implementation of material that is user-friendly in production are some factors anticipated to help the ENT devices industry development over the figure time frame.

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 Major Market Players

Ø  Cochlear Limited

Ø  Welch Allyn

Ø  Siemens Healthcare

Ø  Sonova Holding AG 

Ø  Rion Co

Ø  Atos Medical AB

Ø  Starkey Laboratories Inc

Ø  William Demant

Regional Outlook and Trend Analysis

In 2014 North America was the largest ENT devices market with revenue of USD 4.0 billion. The market is bolstered by the existence of refined healthcare infrastructure, positive government activities, and existence of high awareness levels of patients and professionals. Europe additionally appreciates a high level of product infiltration particularly, in fragments, for example, hearing aids attributable to, the existence of high levels of patient awareness and modern healthcare foundation. Asia Pacific market is anticipated to develop at the quickest pace conjecture time frame because of the existence of target disease populace, extension of conveyance system of key market players in the region, rising issues among individuals for ear, nose, and throat problems and rising level of disposable income. Leading global brands, for example, Widex and Belton are setting up their retail locations in India because of expanding purchasing energy of the patients and the quantity of retail chains in China and India. The costs of ear, nose, and throat medical equipment are anticipated to decrease in the upcoming years and in this manner, prompting an expansion in the implementation of such items.

The global ENT devices market is segmented as follows-

By Product

• Diagnostic ENT Devices

Rigid Endoscope

§  Rhinoscopes

§  Laryngoscopes

§  Otological endoscopes

o    Flexible endoscopes

o    Robot assisted endoscopes

o    Hearing screening devices

• Surgical ENT Devices

o    RF handpieces

o    Powered surgical instruments

o    Otological drill burrs

o    ENT hand instruments

o    Tympanostomy tubes

o    Sinus dilation devices

o    Nasal packing devices

• Hearing Aids

o    In-the-ear (ITE)

o    Receiver ITE

o    Behind-the-ear

o    Canal hearing aids ITC, CIC, IIC

• Hearing Implants

o    Auditory brainstem implants

o    Cochlear implants

o    Middle ear implants

o    Bone anchored hearing system

• Voice Prosthesis Devices
• Nasal Splints

o    Internal

o    External

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Table of Contents

1.      Introduction

1.1.      Report Description

1.2.      Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2.      Executive Summary

2.1.      Key Highlights

3.      Market Overview

3.1.      Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2.      Market Dynamics

3.2.1. Drivers

3.2.1.1.   Rising Geriatric Population Across the Globe

3.2.1.2.   Rising Prevalence of Ear, Nose and Throat Related Disorders

3.2.2. Restraints

3.2.2.1.   High Pricing of Instruments and Procedures

3.2.2.2.   Presence Of Social Stigmas

3.2.3. Opportunities

3.2.3.1.   Emerging Markets to Offer Lucrative Growth Opportunities

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