Competitive Landscape: Notable Highlights
In 2019, the market for ENT diagnostic equipment is expected to reach US$ 2.3 billion. Bronchoscopes accounted for roughly a third of global revenues in 2018, with the market growing at a rate of 6.3% year over year.
- In September 2018, Broncus Medical Inc. announced that company’s Archimedes™ Virtual Bronchoscopy Navigation System was studied to deliver enhanced access to solitary pulmonary nodules as per the data revealed by the European Respiratory Society (ERS) International Congress. The Archimedes system is first of its kind real-time virtual bronchoscopy navigation system with embedded intra-procedure fused-fluoroscopic guidance feature.
- In April 2018, PENTAX Medical, an industry leader in diagnostic and therapeutic endoscopy systems launched a new HD endoscope system for ENT procedures in the U.S. The new DEFINA is a video processor and the J10 Series a combination of three endoscopes - Naso-Pharyngo-Laryngoscopes.
- In February 2018, Stryker Corporation, a leader in the ENT diagnostic devices market announced the completion of the acquisition of Entellus Medical, a leading medical technology provider.
- In January 2018, Cupris Health, a British start-up introduced TYM smartphone otoscope, which is a clinical-grade otoscope that can be plugged to a smartphone for taking high-resolution images and video of external ear canal and eardrum.
- In January 2017, Natus Medical Incorporated announced the completion of the acquisition of GN Otometrics, a leading provider of hearing and balance diagnostic tools. The acquisition is aimed at combining the product portfolio of Natus and Otometrics and further increase the growth potential.
Fact.MR report delivers information on notable developments of all the key players in the ENT diagnostic devices market. Profiled players in the ENT diagnostic devices market includes Karl Storz GmbH & Co KG, BioMed Jena GmbH, MAICO Diagnostics GmbH, PATH medical GmbH, Fujifilm Corporation, Smith and Nephew PLC., Hedera Biomedics S.r.l., iHEARmedical, Inc., Hill-Rom., Veran Medical Technologies and Ambu A/S among others.
Top 5 Players Hold 56% of ENT Diagnostic Devices Market Revenues
The ENT diagnostic devices market remains moderately consolidated among top 5 players who hold over half the market share.
Top 5 players in the ENT diagnostic devices market are Medtronic Plc, Fujifilm Corporation, Smith and Nephew Plc., Stryker Corporation and Natus Medical Incorporated.
Mergers and acquisitions are the prominent growth strategies adopted by these players. In addition, R&D collaborations are also prominent to lower the prices of ENT diagnostic devices.
The ENT diagnostic devices market is also witnessing the emergence of local start-ups who are introducing low-priced devices.
Owing to the successful penetration of these devices, the start-ups and small players have increased manufacturing capacities as well as regional market presence.
Increasing revenues of these companies are challenging the hegemony of leading players in the ENT diagnostic devices market.
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Focus on Care Delivery Introduces Breakthrough Innovations in ENT Diagnostic Devices Landscape
As the medtech industry has shifted from marketing model to a care delivery model, greater strides are underway in the field of the medical diagnostic technology landscape.
In a bid to introduce improved diagnosis, the ENT diagnostic devices marketplace has witnessed the introduction of multiple breakthrough innovations.
Telemedicine is a phenomenon in the otolaryngology which brings medical care to patients. Although, otolaryngology has witnessed slower adoption of telemedicine, advances in audiograms, diagnostic imaging and endoscopy have increased use of telemedicine approach.
Further, to bridge the gap between patient monitoring system and point of care, ENT diagnostic devices market is witnessing the introduction of smart devices.
For instance, after Cupris Health’s introduction of smartphone otoscope in January 2018, in May 2018, hearX Group introduced the world’s first clinically validated smartphone audiometry solution hearTest.
Prevalence of ENT Disorders and Significant Penetration of ENT Surgeries
Problems associated with ear, nose and throat are among the most common factors responsible for hospital visits, particularly among the pediatric population.
The ageing population has further increased the number of hospital visits for ENT problems across the globe.
According to a survey study by Massachusetts Eye and Ear Infirmary, prevalence of tinnitus was found to be between 8 to 25.3% of the population of the United States.
Between 10 to 30% of the population in the United States and Europe is affected by Sinusitis.
Advances in the accessibility of healthcare facilities and favorable reimbursement policies for ENT procedures have increased the number of ENT surgeries performed for the treatment of ENT related diseases.
Prevalence of ENT disorders and rising penetration of ENT surgeries are expected to increase the importance of ENT diagnostic devices in the future.
High Cost of the ENT Diagnostic Devices to Hamper Market Growth
Acquiring an ENT diagnostic device involves an initial capital investment of device purchase and set up, and further cost of repair and maintenance.
The cost recovery depends on uncertain factors such as the number of procedures performed per day.
Further, limited financial support in specific locations impedes the adoption of improved ENT diagnostic devices in the healthcare facilities.
In addition, developing markets lack the awareness regarding the full potential of ENT diagnostic devices, thereby restraining the growth of the ENT diagnostic devises market.
Also, inadequate healthcare infrastructure of these markets shows unreadiness for the adoption of advanced ENT devices owing to lack of knowledge and financial abilities.
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Being First-Line Tools in Disease Management, ENT Diagnostic Devices Witness Higher Installation Base
As diagnosis plays a crucial role in disease management, doctors remain heavily dependent on diagnostic testing.
Particularly in the ENT field, observation of ear, nose and throat remains challenging owing to the physiology of organs. ENT diagnostic devices aid in the efficient management of ENT diseases.
In addition, efficient diagnostic devices significantly reduce the time required in disease evaluation, thereby leading to faster treatment determination.
Further, the rate of installation of ENT diagnostic devices has increased owing to positive patient outcomes.
With the increasing awareness regarding the advantages of ENT diagnostic devices among healthcare professionals as well as patients, installation of ENT diagnostic devices is likely to rise in the future.
ENT diagnostic devices are the group of instrument or equipment used for the diagnostic procedures of ear, nose and throat (ENT).
Based on function, ENT diagnostic device can be used to observe, guide the diagnostic device, aid in surgical treatment or in detection of defect or ability in hearing.
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About the Report
Fact.MR has compiled a new study of ENT diagnostic devices market and published a report titled, “ENT Diagnostic Devices Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028.”
The report covers all the vital market facets that hold a prominent influence on the growth of the ENT diagnostic devices market.
ENT Diagnostic Devices: Market Structure
The ENT diagnostic devices market report delivers an in-depth analysis on the ENT diagnostic devices market structure. The ENT diagnostic devices market is segmented on the basis of product, modality and end user.
Based on product, the ENT diagnostic devices market is segmented into ENT endoscopes, electromagnetic navigation bronchoscopy systems and hearing screening devices.
In ENT endoscope segment, the ENT diagnostic devices market is studied for laryngoscopes, sinuscopes, otoscopes, fiberscopes and bronchoscopes.
Under the hearing screening devices, the ENT diagnostic devices market is studied for audiometers, auditory brainstem response analyzers, tympanometers and otoacoustic emissions analyzers.
Based on modality, the ENT diagnostic devices market is studied for hand-held devices, fixed devices, portable ENT devices
End user segment of the ENT diagnostic devices market includes hospitals, ambulatory surgical centers and ENT clinics.
The global ENT diagnostic devices market analysis is based on the market study in key regions including North America, Latin America, Europe, CIS & Russia, APEJ, Japan and MEA.
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ENT Diagnostic Devices Market – Additional Questions Answered
In addition to the aforementioned insights, the ENT diagnostic devices market report delivers an all-inclusive market analysis that can answer some of the baffling questions business professionals interested in the ENT diagnostic devices market.
- Based on the ear, nose and throat diseases, which diagnostic device will witness highest consumption in 2019?
- What will be the impact of regulatory framework and reimbursement policies on the growth of the ENT diagnostic devices market during forecast?
- Which region present potential revenue stream for the ENT diagnostic devices market in 2019?
- Which end user will present significant level of ENT Diagnostic devices adoption in 2019?
ENT Diagnostic Devices Market – Research Methodology
The ENT diagnostic devices market report provides a thorough discussion on the research methodology used to study the ENT diagnostic devices market.
In the research methodology section, research approaches used such as primary and secondary research during the course of ENT diagnostic devices market are covered.
Primary research approach includes a comprehensive interviews with industry savants and domain-specific analysts.
Secondary research includes an in-depth study of industry database, company press releases, published industry articles and other credible market sources.
Fact.MR has published a new report titled, ENT Diagnostic Devices Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028.”
The ENT diagnostic devices market report covers information of all the vital market facets that hold significant influence on the growth of the ENT diagnostic devices market during the forecast period.
The ENT diagnostic devices market analysis derived in the report is studied for the historical period 2013-2017 and forecast period 2018-2028.
The ENT diagnostic devices market report delivers actionable insights and exclusive forecast figures that are derived after an exhaustive study of the market.
The ENT diagnostic devices market assessment covers study of market drivers, restraints, opportunities and trends as well as associated industry analysis. The global ENT diagnostic devices market study is based on regional analysis of key regions.
To deliver a seamless understanding of the ENT diagnostic devices market, the ENT diagnostic devices market report is divided in total 16 chapters.
The sophisticated segmentation enables readers to easily navigate through the report and fathom a comprehensive outlook of the ENT diagnostic devices market. A brief introduction of all the chapters is provided below.
Chapter 1 – Executive Summary
The report begins with the chapter of executive summary of the ENT diagnostic devices market, which highlights key findings and key statistics of the ENT diagnostic devices market.
The chapter also includes information on the market value (US$ million) estimates of the leading segments of the ENT diagnostic devices market.
Chapter 2 – Market Introduction
In this chapter of the ENT diagnostic devices market report, readers can find ENT diagnostic devices definition and ENT diagnostic devices market introduction. The ENT diagnostic devices market report also provides information on the ENT diagnostic devices market taxonomy.
Chapter 3 – ENT Diagnostic Devices Market Overview
This chapter of the ENT diagnostic devices market report, readers can find information such as value chain analysis, pricing analysis, pricing assumptions, endoscope reprocessing cost analysis, ENT related disease prevalence and treatment rate and unmet needs in the ENT diagnostic devices market.
Chapter 4 – Market Dynamics
In this chapter of the ENT diagnostic devices market report, readers can find market drivers, industry challenges, industry trends, opportunity assessment, macro-economic factors, PESTLE analysis, Porter’s analysis and overview of the key regulations and reimbursement landscape.
Chapter 5 – Global ENT Diagnostic Devices Market Analysis and Forecast
This chapter provides an in-depth information on the ENT diagnostic devices market structure. Based on product type, the ENT diagnostic devices market is segmented into ENT endoscopes, electromagnetic navigations bronchoscopy systems, and hearing screening devices.
Chapter 6 – North America ENT Diagnostic Devices Market Analysis
In this chapter, readers can find information on the ENT diagnostic devices market performance in the North America region. In addition to the thorough analysis of the ENT diagnostic devices market structures, the chapter also covers country-wise market assessment of the U.S. and Canada.
Chapter 7 – Latin America ENT Diagnostic Devices Market Analysis
The chapter delivers information on the ENT diagnostic devices market performance in the Latin America region.
The regional analysis is carried out for all the market segments as well as country-wise assessment of the market in Brazil, Argentina, Mexico and rest of Latin America.
Chapter 8 – Europe ENT Diagnostic Devices Market Analysis
Europe ENT diagnostic devices market performance can be found in this chapter. The regional analysis is carried out for the historical period 2013-2017 and forecast period 2018-2028. The chapter includes a thorough analysis of ENT diagnostic devices market structure and country-wise assessment in key European countries, such as the U.K., Germany, France, Italy, Nordic and the rest of Europe.
Chapter 9 – Asia Pacific Excluding Japan ENT Diagnostic Devices Market Analysis
The ENT diagnostic devices market performance in the Asia Pacific excluding Japan (APEJ) region can be found in this chapter.
The chapter covers a thorough analysis of the ENT diagnostic devices market structure and country-wise assessment of China, India, ASEAN, Australia, New Zealand, and the Rest of APEJ markets.
Chapter 10 – CIS & Russia ENT Diagnostic Devices Market Analysis
The chapter covers information on the ENT diagnostic devices market growth in the CIS & Russia region.
The ENT diagnostic devices market analysis is carried out in leading Eastern European countries for the historical period 2013-2017 and forecast period 2018-2028.
Chapter 11 – Japan ENT Diagnostic Devices Market Analysis
In this chapter, readers can find information on the ENT diagnostic devices market performance in Japan.
The ENT diagnostic device market analysis is based on the thorough analysis of prevailing trends in the industry, disease prevalence scenario and opportunity analysis.
Chapter 12 – MEA ENT Diagnostic Devices Market Analysis
This chapter of the ENT diagnostic devices market report, readers can find information on the market growth analysis in Middle East and Africa (MEA) region.
The regional analysis is based on a comprehensive analysis of ENT diagnostic devices market structure and country-wise assessment of GCC Countries, South Africa, Turkey, Iran, Israel and the Rest of MEA.
Chapter 13 – Competitive Assessment
In the chapter of the competitive assessment, a dashboard view of all the key players in the ENT diagnostic devices market can be found.
The competitive assessment also delivers market structure in terms of company tier structure.
Chapter 14 – Company Profiles
In this chapter of the company profiles, readers can find an elaborated information of all the profiled players in the form of product portfolio, company overview, revenue shares, global footprints and key company developments.
Chapter 15 – Assumptions and Acronyms
This chapter includes a comprehensive list of acronyms and assumptions that provide a base to the information and statistics included in the report.
Chapter 16 – Research Methodology
This chapter of the ENT diagnostic devices market report provides information on the research methodology followed during the course of the ENT diagnostic devices market study.
The information can help readers to understand the primary and secondary research approaches taken during the course of the ENT diagnostic devices market study.
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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.
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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.
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