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ENT Surgical Devices Market

ENT Surgical Devices Market

Rising Prevalence of ENT Disorders to Spur the Global ENT Surgical Devices Market Growth during 2021-2031

ENT Surgical Devices Market
FACT2454MR
  • Aug-2021
  • List of Tables : 32
  • List of Figures : 330
  • 170 Pages
  • Healthcare

Market Snapshot

According to Fact.MR, ENT surgical device sales reached US$ 2.5 Bn in 2020. By 2031, the market for ENT surgical devices will reach US$ 4.8 Bn, growing at a CAGR of nearly 7% from 2021 to 2031.

According to researchers, the market is growing primarily due to an increasing number of ENT disorders and the increasing number of patients undergoing plastic surgery. With the growing popularity of robotic surgery, ENT surgical devices are becoming more popular among healthcare organizations.

Key Points Addressed in ENT Surgical Device Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on ENT Surgical Devices and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Consumption Analysis of ENT Surgical Devices (2016-2020) Vs Future Outlook (2021-2031)

According to Fact.MR, market research and competitive intelligence provider, the global market for ENT surgical devices has expanded at a CAGR of almost 6% from 2016 to 2020. The main purpose of ENT surgical devices is to provide diagnosis, treatment, and surgery associated with diseases of the ear, nose, and throat.

Technological advancements in the medical field have resulted in a sharp increase in demand for new and sophisticated devices. In response to the new business strategy, there will be a proliferation of disruptive technological innovations in the ENT surgical industry. Tier 1 and Tier 2 players will exhibit dominance in the market. A CAGR of nearly 7% is projected for the 2021-2031 forecast period.

How will Adoption of Robotics Impel ENT Surgical Device Demand?

ENT surgical devices, such as robotic systems for cochlear implantation and endoscopic sinus surgery, are growing in demand. The shift from traditional to care-delivery models has influenced the growing demand for laser treatments.

Robots such as the Pathfinder neurosurgery robot, the Acrobot knee replacement tool, and the autonomous smart drill for drilling tracheostomies are growing in demand. There is an ongoing increase in the demand for plastic procedures, such as rhinoplasty and otoplasty surgeries, which leads to an increase in the demand for the surgical devices in the market.

The economic rebound, high popularity, and safety of many cosmetic procedures, as well as the improving financial conditions in emerging economies, are some of the major factors driving demand for ENT surgical equipment.

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How has R&D Contributed to the Growth of ENT Surgical Devices in the Market?

Manufacturers are involved in copious R&D initiatives to dole out technologically advanced surgical alternative with respect to ENT surgeries.

Growing demand for 3D procedures, robotic surgeries, augmented visualization diagnosis, and digitalized interpretation is increasing adoption of digital devices.

Research and development for product manufacture are heavily dependent upon clinical approvals and FDA clearances. These are major factors for industry success.

Country-wise Analysis

Why are ENT Surgical Devices Sales Increasing in the U.S?

The U.S holds one of the largest market share for ENT devices. With insurance policies not covering cosmetic procedures, ENT procedures receive increasingly favorable reimbursement, which is driving the market for these devices.

Additionally, well-developed healthcare infrastructure, highly sophisticated equipment, skilled practitioners, and government support are some of the factors driving demand for surgical devices in these regions.  

There is an increasing number of cases related to eye, nose, and ear diseases, and various deadly infections, fueling the need for ENT surgical devices in the market. A CAGR of around 7% is projected for the U.S market.

What is the Demand Outlook for ENT Surgical Devices in Asia?

Asia is predicted to grow the fastest during the forecast period. The growing population of the region, along with the aging population and diseases associated with it, will grow the demand for ENT surgical devices in the region.

Increasing awareness about ENT disorders and expansion of distribution networks are stimulating the growth of ENT devices in the regional market. Collectively, India and China will account for more than 60% of total ENT surgical devices demand in Asia.

Technological firms are investing in these developing countries and opening retail stores to expand their footprint in the market showing a tremendous need for devices in this region.

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Category-wise Insights

How do ENT Surgical Visualization Systems Fare in the Medical Industry?

In the medical field, use of augmented visualizations is growing as the advancements in medical imaging technologies have allowed physicians to gain a greater understanding of anatomical and functional data.

Surgical visualization systems allow surgeons to markup pre-operative images and combine them with intraoperative images to provide a more comprehensive picture. A market share exceeding 40% is anticipated for this segment.

Why are Ambulatory Surgical Centers Demanding ENT Surgical Devices?

Demand for ENT procedures has increased the popularity of ambulatory surgical centers on the market. Affordability of ENT procedures, the growing accessibility of health infrastructure, and increased awareness concerning the success or failure of procedures is driving demand.

ASCs aim at providing patients with the best surgical experience possible at the lowest possible cost to the government, third parties, and patients. According to Fact.MR, a CAGR of 5% is projected for ASC ENT surgical devices until 2031.  

Competitive Landscape

Revenue and market share can be increased by ENT surgical devices through strategic collaborations. Innovative technologies and equipment allow manufacturers to grow into new markets.

  • In October 2020, Intersect ENT completed the purchase of electromagnetic surgical navigation solutions manufacturers Fiagon AG Medical Technologies. In accordance with the agreement, valued at € 30 Mn spread over three years. Fiagon's acquisition will enable the company to provide innovative products to its customers, including balloons, navigation, and localized drug delivery.
  • In addition to managing routine and complex ENT procedures, Intersect ENT is expected to benefit from this acquisition. Through this partnership, the company can serve the expanding market for ENT surgeries and office-based procedures better.

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Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Russia
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • GCC
  • South Africa

Key Market Segments Covered

  • Product Type
  • End User
  • Modality
  • Region

Key Companies Profiled

  • Olympus Corporation
  • Medtronic PLC
  • Carl Zeiss Meditec AG
  • 16.4.Danaher Corporation (Leica Microsystems)
  • Shanghai Fosun Pharmaceuticals Ltd. (AC. Alma Lasers)
  • KLS Martin LP
  • Acclarent Inc.
  • Smith and Nephew PLC
  • ClaroNav
  • Collin SAS
  • Lumenis
  • Brainlab

Pricing

Available upon Request

Key Segments Covered

  • Product Type

    • ENT Surgical Laser Devices
    • ENT Surgical Hand Instruments
    • Powered ENT Surgical System Devices
    • Radiofrequency ENT Electrosurgical Devices
    • ENT Surgery Workstations
    • ENT Surgical Navigation Systems
    • ENT Visualization Systems
    • ENT Surgical Microscopes
  • End User

    • ENT Surgical Devices for Hospitals
    • ENT Surgical Devices for Ambulatory Surgical Centers
    • ENT Surgical Devices for ENT Clinics
  • Modality

    • Hand-held ENT Surgical Devices
    • Portable ENT Surgical Devices
    • Fixed ENT Surgical Devices

ENT Surgical Devices Market- Scope of Report

A recent study by Fact.MR on the ENT surgical devices market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering ENT surgical devices.

The study also provides the dynamics responsible for influencing the future status of the ENT surgical devices market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the ENT surgical devices market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of ENT surgical devices across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of ENT surgical devices during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative ENT surgical devices markets?
  • Which factors will impact the growth of ENT surgical devices?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the ENT surgical devices industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for ENT surgical devices are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global ENT surgical devices market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the ENT surgical devices during the forecast period.

Country-specific valuation on demand for ENT surgical devices has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of ENT surgical devices, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering ENT surgical devices has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the ENT surgical devices domain. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the ENT surgical devices industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases.

Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

In 2020, the market size for ENT surgical devices was estimated at US$ 2.5 Bn, according to Fact.MR’s analysis

Between 2016 and 2020, sales of ENT surgical devices expanded at a CAGR of 6%

As per Fact.MR’s report, the global market for ENT surgical devices is slated to reach US$ 4.8 Bn by 2031

Rising aging population, rise in disposable income, rising disorder and ENT diseases are driving demand for ENT surgical devices

As per Fact.MR, Medtronic Plc. and Olympus Corporation account for over 58% share of the global market

The U.S is expected to hold a dominant share, expected to grow at a CAGR of 7%

Olympus Corporation, Medtronic Plc., Carl Zeiss Meditec AG, Danaher Corporation (Leica Microsystems) and Shanghai Fosun Pharmaceuticals Ltd. (AC. Alma Lasers) are the top 5 manufacturers

The ENT surgical device market is growing at a CAGR of nearly 7% over the next decade

Financial policies and favorable reimbursements to ENT procedures are major factors driving the growth of the global ENT surgical devices market.

Asia represents credible growth opportunities, with India and China collectively accounting for 3 out of 5 sales

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.