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Global ENT Devices Market 2024 International Expansion, Latest Trends, Growth Rate And Forecast To 2033 | Major Players Are Sonova Holdings AG, Demant A/S, Medtronic PLC, GN Store Nord A/S, Cochlear Limited

12-19-2023 06:20 AM CET | Health & Medicine

Press release from: The Business research company

ENT Devices Market

ENT Devices Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company's ENT Devices Global Market Report 2024 identifies Government Initiatives as the major driver for the ENT Devices Market's growth in the forecast period. Many governments across the world have introduced new healthcare acts and continuously increased healthcare spending. Healthcare coverage and expenditure also increased significantly.

The ENT devices market size has grown strongly in recent years. It will grow from $32.89 billion in 2023 to $35.81 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to aging population, chronic conditions, healthcare reimbursement, diagnostic advancements.

The ENT devices market size is expected to see strong growth in the next few years. It will grow to $49.23 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to telemedicine and remote consultations, personalized medicine, value-based care, emerging markets growth, artificial intelligence (AI) integration. Major trends in the forecast period include minimally invasive procedures, remote monitoring and telehealth, 3D printing of urological implants, tele-audiology, smart hearing protection.

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Major competitors in the ENT devices market are Sonova Holdings AG, Demant A/S, Medtronic PLC, GN Store Nord A/S, Cochlear Limited, Olympus Corporation, Stryker Corporation, Karl Storz SE & Co. KG, Merck & Co. Inc., Smith & Nephew PLC, Richard Wolf GmbH, Cook Group Incorporated, Grace Medical Inc., Intersect ENT Inc., Lumenis Ltd., Merz Pharma GmbH & Co KGaA, Atos Medical AB, Oticon Medical AB, Siemens Healthcare GmbH, ArthroCare Corporation, Xoran Technologies LLC, Zhejiang Tiansong Medical Instrument Co. Ltd., Acclarent Inc., Meril Life Sciences Pvt. Ltd., SinuSys Corporation, Audina Hearing Instruments Inc., Ambu A/S, Nupur Technologies, 3NT Medical, Welch Allyn Inc., Otopront Medizintechnik GmbH.

A key trend in the ENT Devices Market includes AI-Powered Navigation Technology. Major companies operating in the ENT devices market are innovating new technology, such as TruDi, to increase their profitability in the market. TruDi is an ENT navigation system designed to provide reliable and efficient image-guided preoperative planning and navigation for ENT procedures. For instance, in January 2022, Acclarent Inc., a US-based subsidiary of Johnson & Johnson Medical Devices Companies, launched its first-ever AI-powered ENT technology called TruDi. The software bundle includes TruSeg and TruPath, designed for utilization with the TruDi Navigation System. It harnesses a machine learning algorithm to offer dependable and effective image-guided preoperative planning and navigation for ear, nose, and throat (ENT) procedures, such as endoscopic sinus surgery. The TruDi Navigation System itself is an innovative single-use electromagnetically guided blade tailored for ENT procedures.

Read More On The Global ENT Devices Market Report Here:
https://www.thebusinessresearchcompany.com/report/ent-devices-global-market-report

The ENT Devices Market is segmented -
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, Other End Users
By Type of Expenditure: Public, Private
By Product: Instruments/Equipment, Disposables
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the ENT Devices Market.

The Business Research Company's "Global ENT Devices Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The ENT Devices Market Include:
1. Executive Summary
2. ENT Devices Market Characteristics
3. ENT Devices Product/Service Analysis -Product/Service Examples
4. ENT Devices Market Trends And Strategies
5. ENT Devices Market - Macro Economic Scenario
……
68. Global ENT Devices Market Competitive Benchmarking
69. Global ENT Devices Market Competitive Dashboard
70. Key Mergers And Acquisitions In The ENT Devices Market
71. ENT Devices Market Future Outlook and Potential Analysis
72. Appendix

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