Geographical Growth Scenario:
The growth in ENT Devices Market is attributed to the rising aging population and the associated hearing loss, rise in disposable income and increasing affordability for ENT treatment, improving healthcare infrastructure and expenditure, and rising product availability and awareness. Moreover, the growth opportunities in emerging markets are expected to provide growth opportunities for players in the ENT Devices market during the forecast period.
Geographical Growth Dynamics:
The ENT Devices market is segmented into four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World. In 2020, North America accounted for the largest share of the ENT Devices market, followed by Europe. The large share of North America can primarily be attributed to the increasing favorable reimbursement scenario for ENT procedures and the strong presence of major market players in this region.
Expected Revenue Growth:
The global ENT Devices market size is projected to reach USD 22.3 billion by 2026 from USD 16.2 billion in 2021, at a CAGR of 6.6% during the forecast period.
Overview of This Study:
The study involved four major activities in estimating the current size of the ENT Devices market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150060281
Based on the Diagnostic Devices, the ENT Devices market is segmented into Endoscopes and Hearing Screening Devices. In 2020, the Endoscopes segment accounted for the largest share of the ENT Devices market. The large share of this segment can be attributed to research and development in endoscopes leads to the launch of efficient and different types of endoscopes for the surgeries.
Based on Surgical Devices, the ENT Devices market is segmented into Powered Surgical Instruments, Radiofrequency (RF) Handpieces, Handheld Instruments, Balloon Sinus Dilation Devices, ENT Supplies, Ear Tubes, Voice Prosthesis Devices. The Balloon Sinus Dilation Devices segment accounted for the largest market share in 2020. Increasing various key players and emerging players are launching new products in the market and obtaining regulatory approvals, which is likely to fuel the growth of this market.
By end user, the ENT Devices market is segmented into Home Use, Hospitals and Ambulatory Settings, ENT Clinics. The hospitals and Ambulatory Settings segment accounted for the largest market share in 2020. The increasing rise in disposable income and increasing affordability for ENT treatment, improving healthcare infrastructure and expenditure, and rising knowledge and awareness regarding the procedure’s success or failure is the major driving factors for this market.
COVID -19 Impact on the ENT Devices Market:
With the WHO officially declaring the outbreak of COVID-19 a pandemic, a mix of established pharmaceutical and biopharmaceutical companies and small startups has stepped forward to develop treatments and vaccines that target the infection caused by the novel coronavirus. The COVID-19 outbreak has significantly impacted the availability of hospital resources worldwide. This has been primarily managed by dramatically reducing inpatient and outpatient services for other diseases and implementing infection prevention and control measures. The number of ENT diseases screening and diagnostic procedures declined precipitously, with countries worldwide being affected by the pandemic
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=150060281