Increasing cases of ear, nose, and throat disorders among the adult population is a major factor supporting the demand for ENT devices, globally.
Increasing cases of ear, nose, and throat disorders among the adult population is a major factor supporting the demand for ENT devices, globally. Improving expenditure on advanced healthcare to meet the growing patient needs has supported research and development of upgraded devices.
According to the Hearing Loss Association of America and CDC, hearing loss is the third most prevalent type of health issue after heart diseases and arthritis among the adult population base. As per a report by HLAA, nearly 25% of Americans experience tinnitus who are extremely vulnerable to hearing loss. Sinusitis is one of the most common disorders that leads to inflammation in cavities around the nasal passage.
Citing a report by CDC, 12.1% of adult Americans suffer from sinusitis which has raised the need for high-quality ENT tools like sinus dilation systems. Globally, ear-nose-throat devices market size is projected to surpass USD 26 billion in total annual remuneration by 2025.
Advancements in medical devices
Rapid technological advancements in ENT devices like diagnostic devices, sinus dilation, and hearing aids has fueled developments in the ear-nose-throat devices market over time. For example, Medtronic developed surgical instruments like ontological burns and drills that carry superior accuracy and are also user-friendly. Additionally, recently developed endoscopes along with the navigation systems help otolaryngologists throughout complicated invasive surgical procedures.
The growing use of digital signal processing incorporated with applications in implants and hearing aids offer various advantages to the people who are hearing impaired. However, the high cost associated with ENT devices and surgical procedures may harm the ear-nose-throat devices market growth.
High geriatric population in Europe
Regionally speaking, Europe has emerged as a profitable revenue terrain due to the high geriatric population across the continent that suffers from serious ENT diseases. Rhinosinusitis is an extremely common disease found in the elderly population. The EU government has imposed certain initiatives that allow an optimum reduction in its surgical cost.
The reasons along with the presence of regulatory authorities like the EU commission that reviews the quality of ENT devices will support the regional ear-nose-throat devices market. Startup companies that are willing to operate in the vast ear-nose-throat devices market may also grab potential due to the surging need for ENT treatment tools along with favorable government policies.
Demand for flexible diagnostic endoscopes
With respect to the type of product, flexible diagnostic endoscopes segment was valued at USD 1.1 billion during the year 2018. Extensive use of the product in micro-invasive procedures will support the demand. Newly designed flexible endoscopes improve a patient’s safety and help in reducing the patient’s exposure to chemical germicide, along with other microbial infections.
To access sample pages of this report titled, “Ear-Nose-Throat (ENT) Devices Market Size By Product Type (Diagnostic Ear, Nose, And Throat (ENT) Devices [Rigid Endoscopes {Rhinoscopes, Laryngoscopes, Otological Endoscopes}, Flexible Endoscopes, Robot Assisted Endoscope, Hearing Screening Device], Surgical Ear, Nose, And Throat (ENT) Devices [Radiofrequency Handpieces, Powered Surgical Instrument, Otological Drill Burrs, ENT Hand Instruments, Tympanostomy Tubes, Sinus Dilation Devices, Nasal Packing Devices], Hearing Aids {In-The-Ear (ITE), Receiver ITE, Behind-The-Ear, Canal Hearing Aids ITC, CIC, IIC}, Hearing Implants {Auditory Brainstem Implants, Cochlear Implants, Middle Ear Implants, Bone Anchored Hearing System}, Voice Prosthesis Devices, Nasal Splints {Internal Nasal Splints, External Nasal Splints}), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/496
Extensive use of nasal splints
Nasal splints have gained considerable demand over the years as they are widely used to maintain the nasal structure and allow nasal breathing post-operatively through the internal airway. Nasal splints are extensively used in surgical procedures to stabilize the healing septum and provide septal compression. Moreover, they also protect the nose from trauma and retain the position of the bone, which will support the adoption of the devices.
The ear-nose-throat devices market is endowed with various leading market players that are constantly working towards improving their offerings to meet the targeted patient needs. Some of the notable ear-nose-throat devices market players include Siemen’s Healthcare, Atos Medical, Widex A/S, Rion Co. Ltd., Cochlear Limited, and Starkey Hearing Technologies, among various others.
A rising old age population along with the surging need for reliable and safe ENT treatments has driven the need for advanced, latest medical treatment devices globally. The governments, realizing the need for improved healthcare services have also accepted heavy investments to advance healthcare offerings.
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