[FURL=https://www.industryarc.com/Report/16838/ent-devices-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]ENT Devices Market[/FURL] The ENT devices market is estimated to reach $23.5 billion by 2026 at a CAGR of 6.5% during the forecast period 2021-2026. The primary use of ENT device is to assist medical professionals in the diagnostics and treatment of patients with various diseases or disorders in the ear, nose, throat (ENT) and other related parts of the head and neck. ENT disorders are extremely common among the population with conditions such as sinusitis, hearing loss, and nasal polyps being widespread. Some of the commonly used ENT devices include Hearing Aid, Nasal Splints, Hearing Implants, and so on. The ENT devices market size is poised to grow during the forecast period of 2021-2026 owing to the rising geriatric population and disposable income among the global population. However, high cost of ENT devices acts as resistance to the growth of the ENT devices industry.Key Takeaways
Geographically, the North American region has the highest ENT devices market share owing to the presence of a well-funded and established healthcare system and high patient awareness levels. North America is predicted to maintain the lead in ENT devises market share, although Asia Pacific region is estimated to grow the fastest during the forecast period.
The rise in prevalence of various illnesses such as chronic sinusitis and the adoption of less invasive ENT procedures are driving the market. However, a shortage of ENT professionals in both developed and underdeveloped regions can act as a major challenge to the ENT devices market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the ENT Devices Market Report.
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ENT Devices Market Segment Analysis - By Geography
The ENT Devices Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 31% in 2020. The well-established healthcare system along with the increase in presence of ENT illnesses among the population are the major factors driving this market. Chronic sinusitis affects more than 12% of the adult US population, leading to an expense of $8.6 Billion annually for its treatment. The strong presence of major ENT Device manufacturing companies in the region also leads to deeper market penetration.
ENT Devices Market Drivers
Increase in the global geriatric population is set to Boost Product Demand
Rise in the Demand for Cosmetic ENT Procedures is Projected to Drive Market Growth
ENT Devices Market Competitive Landscape
Top 10 companies in ENT Devices are Siemens Healthcare, WS Audiology, Medtronic
Stryker, Olympus Corporation, Richard Wolf GmbH, MED-EL Medical Electronics, Sonova, FUJIFILM Corporation, Nurotron Biotechnology
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