Press release
(2020-2030) ENT Devices Market Size, Share, Demand, Industry Growth, Emerging Trends With Top Players Sonova Holdings AG; William Demant Holdings A/S; Medtronic plc; KARLSTORZ GmbH & Co; Stryker Corporation
ENT Devices Market
The global ent devices market is expected to decline from $15.3 billion in 2019 to $12.4 billion in 2020 at a compound annual growth rate (CAGR) of -19%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is an inadequate production of hearing implants, hearing aid, hearing diagnostic, voice prosthesis, and other ENT-related devices due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $19.3 billion in 2023.
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The ENT devices (or) equipment market consists of sales of ENT devices and related services by entities (organizations, sole traders and partnerships) that produce ENT devices used in diagnosis and treatment of ear, nose and throat diseases. This industry includes establishments that produce hearing aid devices, hearing diagnostic devices, hearing implants, voice prosthesis devices and other devices.
Customization of hearing aids and implants through 3D printing is one of the major trend in the ENT devices market. Companies in this segment design, develop and provide hearing aids in a range of colors, designs, metallics and prints depending on the patient's needs. For instance, Cochlear Ltd. is customizing its hearing implants, sound processor covers, coil covers and Nucleus 5 sound processor with SkinIt. Phonak, Advanced Bionics and many other companies are also providing customized products.
ENT Devices Market Segmentation: -
By Type
Hearing Aid Devices And Equipment
Hearing Diagnostic Devices And Equipment
ENT Surgical Devices And Equipment
Hearing Implants
Voice Prosthesis Devices And Equipment
Nasal Splints
By End User
Hospitals And Clinics
Diagnostic Laboratories
Others
By Type of Expenditure
Public
Private
By Product
Instruments/Equipment
Disposables
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. ENT Devices Market Characteristics
4. ENT Devices Market Product Analysis
5. ENT Devices Market Supply Chain
......
20. Key Mergers And Acquisitions In The ENT Devices Market
21. Market Background: Medical Equipment Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the ENT Devices Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the ENT Devices Market are Sonova Holdings AG; William Demant Holdings A/S; Medtronic plc; KARLSTORZ GmbH & Co; Stryker Corporation
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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