ENT Diagnostic Devices Market: Top 5 Players Hold 56% of ENT Diagnostic Devices Market Revenues || Key Players: Smith and Nephew PLC, Stryker Corporation, Stryker Corporation, iHEARmedical, Inc.

  ENT diagnostic devices market is witnessing the emergence of local start-ups who are introducing low-priced devices. Owing to the successful penetration of these devices, the start-ups and small players have increased manufacturing capacities as well as regional market presence.

ENT Diagnostic Devices Market is estimated to hit US$ 2.3 billion in 2019, according to a new study by Fact.MR. The market grew at 6.3% y-o-y in 2018 with bronchoscopes accounting for nearly one third of the global revenues. Overall growth of the ENT diagnostic devices market can be attributed to,

Advanced technology incorporations in ENT diagnostic devices
Favorable reimbursement policies for ENT procedures
Development of efficient and low-priced devices
According to Fact.MR study, the ENT endoscopes are estimated to account for over half the revenues of the ENT diagnostic devices market in 2019. Endoscopy has played a significant role in the diagnosis of ear, nose and throat related diseases as well as successful treatment outcomes. Owing to this, ENT endoscopes have become the most common devices in the ENT clinics.

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Top 5 Players Hold 56% of ENT Diagnostic Devices Market Revenues

The ENT diagnostic devices market remains moderately consolidated among top 5 players who hold over half the market share. Top 5 players in the ENT diagnostic devices market are Medtronic Plc, Fujifilm Corporation, Smith and Nephew Plc., Stryker Corporation and Natus Medical Incorporated. Mergers and acquisitions are the prominent growth strategies adopted by these players. In addition, R&D collaborations are also prominent to lower the prices of ENT diagnostic devices.

The ENT diagnostic devices market is also witnessing the emergence of local start-ups who are introducing low-priced devices. Owing to the successful penetration of these devices, the start-ups and small players have increased manufacturing capacities as well as regional market presence. Increasing revenues of these companies are challenging the hegemony of leading players in the ENT diagnostic devices market.

High Cost of the ENT Diagnostic Devices to Hamper Market Growth

Acquiring an ENT diagnostic device involves an initial capital investment of device purchase and set up, and further cost of repair and maintenance. The cost recovery depends on uncertain factors such as the number of procedures performed per day. Further, limited financial support in specific locations impedes the adoption of improved ENT diagnostic devices in the healthcare facilities.  

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ENT Diagnostic Devices: Market Structure

The ENT diagnostic devices market report delivers an in-depth analysis on the ENT diagnostic devices market structure. The ENT diagnostic devices market is segmented on the basis of product, modality and end user.

Based on product, the ENT diagnostic devices market is segmented into ENT endoscopes, electromagnetic navigation bronchoscopy systems and hearing screening devices. In ENT endoscope segment, the ENT diagnostic devices market is studied for laryngoscopes, sinuscopes, otoscopes, fiberscopes and bronchoscopes.

Under the hearing screening devices, the ENT diagnostic devices market is studied for audiometers, auditory brainstem response analyzers, tympanometers and otoacoustic emissions analyzers.

 

Based on modality, the ENT diagnostic devices market is studied for hand-held devices, portable devices and fixed devices. End user segment of the ENT diagnostic devices market includes hospitals, ambulatory surgical centers and ENT clinics.

The global ENT diagnostic devices market analysis is based on the market study in key regions including North America, Latin America, Europe, CIS & Russia, APEJ, Japan and MEA.

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