ENT surgery is one of the most elaborated fields of surgical specialty services, using advanced technology and a broad range of procedures that include major reconstructive surgeries to correct deformity or injury. The global ENT Surgical Devices Market is estimated to value at over US$ 2 Bn in 2018, and is expected to register a CAGR of 5.5%.
Global ENT Surgical Devices Market Dynamics:
Increasing prevalence of ENT-related diseases and disorders is a key factor expected to drive growth of the global ENT surgical devices market over the forecast period. ENT specialists treat various ear conditions such as otosclerosis, age-related hearing loss, ear infections, etc. Rapidly increasing aging population, coupled with increasing prevalence of hearing-related problems such as tinnitus among all age groups are among major factors expected to propel demand for ENT surgical devices in the near future.
In addition, increasing technological advancements and introduction of innovative and advanced ENT surgical systems are other factors expected to further fuel growth of the global ENT surgical devices market over the forecast period. For instance, In April 2018, Acclarent Inc. which is a part of the Johnson & Johnson Medical Devices Companies, launched TruDi – a real-time, three-dimensional (3D) navigation system in the US – for ENT procedures performed in the operating room and surgeon’s office. In addition, in September 2017, Medtronic Plc. launched StealthStation ENT surgical navigation system for otolaryngology procedures.
Analysis By Segmentation:
The comprehensive research report comprises a complete forecast of the global ENT surgical devices market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global ENT surgical devices market is expected to expand at a moderate CAGR of 5.5% during the forecast period.
Global ENT Surgical Devices Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region. The type segment includes powered surgical instruments, radiofrequency hand pieces, handheld instruments, and others. By application segment includes Hospital and clinic. The regions covered in the analysis are North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Type: The handheld instruments segment is expected to register highest CAGR over 5.7% over the forecast period
By Application: The hospital segment is expected to register highest CAGR over 5.5% in the global market over the forecast period
By Region: The market in Asia Pacific is expected to register highest CAGR over 5.8% in the global ENT surgical devices market over the forecast period
Global ENT Surgical Devices Market: Competitive Analysis
The research report on the global ENT surgical devices market includes profiles of some of major companies such as Medtronic plc, Johnson & Johnson (Acclarent, Inc.), Stryker Corporation, Smith & Nephew plc, Olympus Corporation, B. Braun Melsungen AG, KARL STORZ GmbH & Co. KG, Spiggle & Theis Medizintechnik GmbH, CONMED Corporation, Happersberger otopront GmbH, Zhejiang Tiansong Medical Instrument Co. Ltd., Reda Instrumente GmbH, and Cochlear Limited and HOYA Corporation (PENTAX Medical).
The Global ENT Surgical Devices Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global ENT surgical devices market for 2018–2027.
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