Ear, Nose, Throat (ENT) Device Market Market Worth USD 27.63 Billion By 2022 With Major Players: Cochlear Limited, Welch Allyn, Siemens Healthcare, Sonova Holding AG, Rion Co, Atos Medical AB, Starkey Laboratories Inc and William Demant. The advent of inn
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Industry Highlights and Trend Analysis:
A research study titled, “Ear Nose and Throat (ENT) Devices Market by Product - Globaaal Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Ear Nose and Throat (ENT) Devices Market is projected to be around $27.63 billion by 2022.
The global Ear Nose and Throat (ENT) Devices market was worth USD 14.35 billion in the year of 2012 and is expected to reach approximately USD 27.63 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 6.07% during the forecast period. Ear Nose and Throat devices are particular gear utilized for surgery, diagnosis, or therapy of any disorders associated with the ear, nose, or throat, consequently amending any issues associated with snoring, smelling, hearing, or speaking. There are an extensive variety of ENT gadgets accessible in the market including balloon sinus dilation devices, endoscopes, hearing screening devices, hearing aids, CO2 lasers, handheld surgical instruments, powered surgical instruments, image-guided surgery systems, hearing implants, ear tubes, nasal and ontological (ear) packing material, and voice prosthesis devices.
Developing expectancy of life due to the presence of healthcare infrastructure that are sophisticated and rise in discretionary cash-flow levels has prompted rapid growth in the elderly population therefore, boosting development in target rates of disease incidences. Rising prevalence of disorders related to ageing, for example, loss of hearing and reduction in functioning rates of ear, nose, and throat, is anticipated to boost the ENT devices industry over the estimate time frame. The growing age likewise prompts lowered immunity levels making individuals more prone to diseases, such as a sore throat because of streptococcus contamination. Additionally, increasing levels of awareness associated with healthcare among patients and professionals, rising adoption rates of hearing aids and impairments due to the advancement of aesthetic products and developing pattern for nasal correction procedures are projected to spur the development of the market over the estimate time frame.
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Major Key Players:
The ENT devices market is dominated by organizations like Cochlear Limited, Welch Allyn, Siemens Healthcare, Sonova Holding AG, Rion Co, Atos Medical AB, Starkey Laboratories Inc and William Demant. The advent of innovatively propelled medical equipment, for example, Phonak Audeo V by Sonova, bone-anchored hearing aids (BAHA) by Nobel Biocare, and smaller hand instruments by Stema Medizin are relied upon to boost the ear, nose, and throat (ENT) market development. This industry gives a wide extension to advancement of safe, easy to understand, and treatment alternatives that are cost-effective to the patients.
Regional Outlook and Trend Analysis:
In 2014 North America was the largest ENT devices market with revenue of USD 4.0 billion. The market is bolstered by the existence of refined healthcare infrastructure, positive government activities, and existence of high awareness levels of patients and professionals. Europe additionally appreciates a high level of product infiltration particularly, in fragments, for example, hearing aids attributable to, the existence of high levels of patient awareness and modern healthcare foundation. Asia Pacific market is anticipated to develop at the quickest pace conjecture time frame because of the existence of target disease populace, extension of conveyance system of key market players in the region, rising issues among individuals for ear, nose, and throat problems and rising level of disposable income. Leading global brands, for example, Widex and Belton are setting up their retail locations in India because of expanding purchasing energy of the patients and the quantity of retail chains in China and India. The costs of ear, nose, and throat medical equipment are anticipated to decrease in the upcoming years and in this manner, prompting an expansion in the implementation of such items.
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
188.8.131.52. Rising Geriatric Population Across the Globe
184.108.40.206. Rising Prevalence of Ear, Nose and Throat Related Disorders
220.127.116.11. High Pricing of Instruments and Procedures
18.104.22.168. Presence Of Social Stigmas
22.214.171.124. Emerging Markets to Offer Lucrative Growth Opportunities
…Read Full Table of Contents
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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