Global ENT Devices Market 2019 Emerging Technology, Opportunities, Analysis and Future Threats with Key Players like Medtronic plc, Olympus Corporation, KARL STORZ GmbH & CO. KG, Stryker Corporation

Global ENT Devices market research report considers recent developments, product launches, joint ventures, mergers, acquisitions, and competitive research by the several key players and brands that are driving the market. While generating this top-class market report containing detailed market analysis, inputs from industry experts have been chewed over. A variety of definitions and classification of the industry, applications of the industry and chain structure are included in this ENT Devices report. It also puts a light on the company profiles, product specifications, production value, company’s contact information and market shares for company. The ENT Devices market report also offers all the CAGR projections for the historic year 2017, base year 2018, and forecast period of 2019-2026.

Global ENT Devices Market By Product (Diagnostic devices, Surgical devices, Hearing Aids, Hearing implants,Co2 Lasers, Image-Guided Surgery Systems), End User (Hospitals, ASC’s, ENT clinics and Homecare), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

The global ENT devices market is expected to rise from its initial estimated value of USD 18.5 billion in 2018 to an estimated value of USD 30.62 billion by 2026 registering a CAGR of 6.5% in the forecast period of 2019-2026. This rise in the market can be attributed to high prevalence of chronic sinusitis, rapidly growing aging population and advanced technologies.

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Key Market Competitors: Global ENT Devices Market

Few of the major market competitors currently working in ENT devices market are Medtronic plc, Olympus Corporation, KARL STORZ GmbH & CO. KG, Stryker Corporation, Smith & Nephew plc, Hoya Corporation, Acclarent, Inc. (a Johnson & Johnson Company), Sonova Holdings AG, William Demant Holdings A/S, Cochlear Limited, Starkey Hearing Technologies, Fazzini, Endolook, Ecleris S.R.L., SOPRO SA,MEDSTAR.CO.LTD, Etermed, Happersberger otopront GmbH.

Competitive Analysis: Global ENT Devices Market

The global ENT devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ENT devices market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Definition: Global ENT Devices Market

ENT devices are the devices used for the diagnosis or treatment of ear, nose, Throat, head and neck disorders. The specialty includes: management of patients with loss of hearing, endoscopic examination of air and food passages, treatment of allergic, sinus, laryngeal, thyroid and oesophageal disorders.

Market Drivers:

• Favorable reimbursement scenario for ENT procedures in developed countries
• Growing adoption of minimally invasive ENT procedures
• Increasing presence of prominent players
• Technological advancements
• High prevalence of chronic sinusitis
• Rapidly growing aging population

Market Restraints:

• High cost of C02 Lasers.
• Lack of reimbursement for hearing aids
• Change in reimbursement policy based on various countries

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Key Developments in the Market:

• On 8th November 2018, Cochlear Limited (Australia), the global leader in implantable hearing solutions, and GN (Denmark), the global leader in intelligent audio solutions, signed a new agreement to significantly expand their Smart Hearing Alliance collaboration.

• On 4th October 2018, Olympus Introduces OER-Mini Endoscope Reprocessor for ENT. It is a tabletop endoscope device, an advanced product over manual reprocessing for busy ENT facilities which helps in the growth of the ENT market.

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