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I AgreeAnalysis of ENT Diagnostic Devices market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global demand for ENT diagnostic devices market will enjoy compounded annual growth exceeding 6% until 2031. Demand for ENT diagnostics devices products surpassed US$ 2 Bn, while the surgical devices product segment was up 6.5%.
According to NIH, the world’s older population remains to cultivate at an extraordinary rate of around 8%. Snowballing geriatric population globally and rising ENT disorders occurrence worldwide surge the demand for ENT diagnostic devices
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According to Fact.MR- a market research and competitive intelligence provider- ENT diagnostic devices sales registered a stable CAGR of 4% during 2016-2020. Technological advancements with regard to ENT surgeries has broadened demand for ENT diagnostic devices, with a recorded value of US$ 16 Bn.
The World Health Organization (WHO) estimates that over 400 million, including 34 million children, live with disabling hearing impairments, affecting their health and quality of life. Hence, the global demand for hearing aids surged in the recent years.
The market is projected to expand at over 6% CAGR throughout the 2021-2031 forecast period. It is estimated that global ENT medical devices market will reach US$ 30 Bn over the forthcoming period.
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Integration of advanced technology for developing superior quality ear, nose, and throat devices coupled with successful product launches and approvals by regulatory bodies will drive the ENT devices market growth.
Technological advancements in bronchoscopy devices and the infrastructural upgrade in the medical and healthcare industry are anticipated to continue increasing progressively in the years to come. Also, bronchoscopes reported for roughly 1/3rd of global revenues in 2021.
Escalation in health awareness united with upsurge in demand from the geriatric population has been boosting the sales of ENT medical devices since the past decade, while adoption of cutting-edge technologies is further augmenting demand growth for ENT medical device suppliers.
Moreover, the demand for ENT diagnostics devices is anticipated to surge, generating favourable regulatory landscapes across Europe and North America. Henceforth, these regions will experience noteworthy growing opportunities throughout the forecast period.
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According to the Hearing Loss Association of America and CDC, hearing loss is the 3rd most prevalent type of health issue after heart diseases and arthritis among the adult population base. As per a report by HLAA, nearly 25% of Americans experience tinnitus who are extremely vulnerable to hearing loss.
At the same time, point-of-care computed tomography is trending in the diagnosis of patients with historical symptoms suggestive of paranasal sinus inflammation. Moreover, hearing devices with artificial intelligence, Bluetooth compatible hearing devices are gaining popularity across the world.
Absence of awareness about the severity of ENT related diseases and additional maintenance and replacement cost of devices impede the market growth of ENT diagnostics.
As mentioned in the report, incorporation of modern technologies in the process cycle incurs extra cost. However, manufacturers are working to eradicate the restrains in the market expansion during the forecast period.
Fact.MR’s analytical report reveals that the U.S dominated the ENT devices market with a share of nearly 40% in 2020. Expanding geriatric population has surged the demand for ENT screening.
Also, it is anticipated that some ENT device applications, such as those for sinus stents, RF & powered instruments, endoscopes and balloon dilation devices will see steady demand of approximately 6% over the forecast period.
Hospitals and ENT clinics drive bulk of the demand in the U.S. Presence of prominent players such as Medtronic, Cochlear, Olympus, Smith & Nephew and Siemens Healthineers further boost expansion prospects in the U.S. market.
China is anticipated to exhibit substantial growth in ENT diagnostic devices demand in the forthcoming decade. In 2020, the medical device market touched US$ 80 Bn, an upsurge of 22% from 2017. Over 70% of this growth was fuelled by end user hospital procurement.
Besides, Chinese suppliers largely compete in low-end consumables, false teeth, hearing aids, mechano-therapy apparatus, wheelchairs, etc. On the other hand, demand for high-end consumables, such as diagnostic imaging and endoscopy surged is expected to heighten during the forecast period 2021-2031.
Factors such as high prevalence of hearing loss, rising geriatric population, and technological advancements in hearing aids are driving sales of hearing aids. A CAGR of around 5% has been projected for this segment.
Latest innovations in hearing aid devices such as Bluetooth compatibility, artificial intelligence, Smartphone apps and rechargeable batteries are all expected to make credible breakthroughs in the hearing aid domain.
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advances for cancer screening, mergers, and acquisitions.
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
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Key Countries Covered |
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Key Companies Profiled
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Pricing |
Available upon Request |
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As of 2020, sales of ENT diagnostic devices diagnostics reached US$ 16 Bn
From 2016 to 2020, sales of ENT diagnostic devices diagnostics expanded at approximately 4% CAGR
From 2021 to 2031, demand for ENT Diagnostic Devices diagnostics is expected to surge at over 6% CAGR
Continuous technological advancements to incorporate state-of-the-art diagnostic technology is driving market expansion
Demand for ENT diagnostic devices diagnostics in the U.S is expected to account for 40% revenue until 2031
Atos Medical AB, Siemens Healthineers, Rion Co., Ltd., are some prominent ENT diagnostic devices players included in Fact.MR’s report
Hospitals will continue to be the most lucrative tests for ENT diagnostic devices
China is anticipated to capture over 50% market demand for ENT diagnostic devices
Hearing aids are the most popular ENT surgical devices, expanding at around 5% CAGR