ENT Surgical Devices Market: Rising prevalence of ENT disorders is expected to drive the market
Global ENT Surgical Devices Market – Overview
ENT surgical devices are mainly used for diagnosing, treating, or doing surgery related to disorders concerning ear, nose, and throat. They help in clearing problems such as speaking, snoring, smelling, or hearing. There is wide range of ENT surgical devices available in the market. Rising prevalence of ENT disorders and preference towards minimally invasive surgeries is expected to drive the growth of the global market in the coming years of the forecast period.
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Global ENT Surgical Devices Market – Notable Developments
Some of the prominent developments in the global ENT surgical devices market are given below:
- In February 2018, Stryker Corporation announced the completion of acquisition Entellus Medical, a leading provider of minimally invasive medical technology of ENT disease states.
- In May 2018, Johnson & Johnson’s Acclarent in collaboration with Bioscience Webster launched TruDi ENT navigation system with a real-time 3D navigation system.
- In October 2018, Carl Zeiss Meditech AG announced the launch of TIVATO 700 and EXTARO 300 microscopes with improved visualization and enhanced workflow augmentation concept based on an all-digital approach for ENT procedures.
- In March 2018, Olympus Corporation launched ENF-VT3, the world’s first rhino-laryngo videoscope with an aim to incorporate 4-direction angulation capability.
- In December 2017, Intersect ENT announced FDA approval of a new sinus implant SINUVATM which is an in-office treatment option for recurrent nasal polyps.
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Some of the key players in the global ENT surgical devices market are Medtronic plc (Ireland), Olympus Corporation (Japan), KARLSTORZ GmbH & Co (Germany), Stryker Corporation (U.S.), Smith & Nephew plc (U.K.), Acclarent, Inc. (U.S.), Hoya Corporation (Japan), Sonova Holdings AG (Switzerland), William Demant Holdings A/S (Denmark), and Cochlear Limited (Australia)
Global ENT Surgical Devices Market – Drivers and Restraints
There are multiple factors that are expected to drive the overall development of the global ENT surgical devices market. One of the key driving factors for the market development has been the increasing prevalence of ENT disorders across the globe, particularly among pediatric population. ENT surgical devices marketplace covers a broad range of surgical instruments and equipment. Spurred by evolving demand trends and increased focus on health-based delivery model, technology integration has disrupted the medical devices landscape. In a way, ENT surgical devices market remains established wherein the dynamism is maintained by advanced technology integrations.
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Another important factor for the development of the global market has been the increasing preference towards minimally invasive surgeries. Moreover, rapid developments in the field of medical technologies are also projected to help the development of the global market in the coming years of the forecast period.
Furthermore, the growing prevalence of ENT disorders have led to governments offering reimbursement support to patients. Favorable reimbursement policies are also likely to help the development of the global ENT surgical devices market in the coming years of the forecast period.
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Global ENT Surgical Devices Market – Geographical Outlook
In terms of geographical segmentation, the global ENT surgical devices market is divided into five key regions. These regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently the global market is being dominated by the regional segment of North America. Presence of a highly matured healthcare infrastructure is one of the key factors that is driving the growth of the North America market. In addition to this, presence of several notable players is also another factor that has been influencing the development of the North America market.
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On the other hand, the regional segment of Asia Pacific is expected to witness a highly promising rate of growth in the coming years of the forecast period. The growth of the market can be attributed to increasing demand from emerging economies such as India and China.
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