ENT Surgical Devices Market

ENT Surgical Devices Market Outlook (2021-2031)

The 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

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.

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.

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.

Report Scope

Report Attributes	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
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

Key Segments Covered

• By Product Type

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

• By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • ENT Clinics

• By Modality

  • Hand-held 
  • Portable 
  • Fixed 

• By Region

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