As indicated by Acumen Research and Consulting, the global ear-nose-throat (ENT) devices market size is evaluated to grow at CAGR around 8% over the estimate time frame. Rising incorporation of advanced technology, growing awareness about various health related issues, ever-increasing healthcare costs, favourable regulatory backdrop for ENT devices, increasing geriatric population, technological advancements, user-friendly ENT devices changing lifestyle patterns and ease of availability of various ear-nose-throat devices are some of the key factors that are fueling the ear-nose-throat devices market growth across the globe. Ear, nose and throat are some of the most vital parts of the human body. It is very important to keep the functions of these parts properly. There are many factors that affect the normal functioning of these organs such as sinusitis and aging. The North America market is likely to grow at remarkable CAGR due to the growing awareness about various health related issues, increasing incidences of ENT diseases and enhanced consciousness towards health benefits. Soaring adoption of technologically advanced medical devices is playing the major role in the growth of regional Ear-Nose-Throat (ENT) Devices market.
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Diagnostic Ear, Nose and Throat (ENT) Devices and Hearing Aids Segments are Also Anticipated to Witness a Soaring Demand over the Forecast Period
On the basis of product type, the ear-nose-throat devices market is segmented into diagnostic ear, nose, and throat, surgical ear, nose, and throat (ENT) devices, hearing aids, hearing implants, voice prosthesis devices and nasal splints. Diagnostic ear, nose and throat (ENT) devices segment is anticipated to dominate the global ear-nose-throat devices market over the forecast period owing to the rising adoption of these devices. Newly developed diagnostic ear, nose and throat devices such as endoscopes with technological advancements possess efficiency and flexibility and have huge adoption as compared with the conventional diagnostic devices. Hence, increasing demand by medicinal practitioners for accurate, cost effective as well as efficient diagnostic equipment is expected to propel the growth of diagnostic ENT devices segment throughout the forecast period. Hearing aids segment is also anticipated to grow at highest rate during the forecast period. The growing occurrence of hearing loss and rising consciousness among people is boosting the segment growth. In recent time, rising occurrences of ENT disorders and aging population are some of the major factors driving the growth of global ENT devices market. Aging increases the chances of disorders of nose, ear and throat. To conquer these problems, elderly people need ENT devices for treatment of various disorders related to ear, nose and throat which further boost the demand for these devices.
Asia Pacific to Continue to Grow at Maximum Growth Rate during the Forecast Period
Geographically, the global ear-nose-throat devices market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is projected to contribute largest market share in the global ear-nose-throat devices market. North America is anticipated to grow at significant growth rate over the forecast period owing to the growing awareness about various health related issues, increasing incidences of ENT diseases and enhanced alertness towards health problems. Growth in the adoption of ear-nose-throat devices and ongoing technological advancements in the region are also supplementing the growth of the regional market. Growth in the aged population and tendency towards healthier ear-nose-throat devices are helping the overall regional market growth. Ear-nose-throat devices suppliers from the region are also focusing on the providing various advanced products to customers. Asia Pacific is also expected to grow at significant rate throughout the forecast period due to the increasing demand for ENT products, increased awareness about health issues. Growing focus of healthcare companies on outdoor programs in order to support health care consciousness is also further boosting the growth of the regional market.
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Sonova Holding AG, Siemens Healthcare and William Demant Holding A/S are Likely to Continue to Lead the Global Ear-Nose-Throat devices Market
The ear-nose-throat devices market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes company overview, major business strategies and revenues. The key players of the market are Cochlear Ltd., Siemens Healthcare, Sonova Holding AG, William Demant Holding A/S, Widex A/S, Starkey Laboratories Inc., Beltone, Rexton Inc., GN ReSound A/S, American Hearing Systems Inc., Nuear Hearing Aids Inc., Sonic Innovations Inc., Panasonic Corp., Avada Hearing Care, Audiosync Inc., Miracle-Ear Inc., MED-EL GmbH, Unitron Hearing Inc., Bernafon, and Zounds Inc.
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