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ENT Surgical Devices Market is Set to Globally Reach US$ 4.8 Billion at 7% CAGR by 2031

07-18-2024 09:20 AM CET | Health & Medicine

Press release from: Fact.MR

ENT Surgical Devices Market

ENT Surgical Devices Market

ENT surgical device sales reached US$ 2.5 billion in 2020 and are projected to grow to US$ 4.8 billion by 2031, expanding at a CAGR of nearly 7% from 2021 to 2031.

The market's growth is primarily driven by an increasing number of ENT disorders and the rising number of patients undergoing plastic surgery. The growing popularity of robotic surgery is also contributing to the increased adoption of ENT surgical devices among healthcare organizations.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=2454

Country-wise Analysis

The U.S. holds one of the largest market shares for ENT devices. Favorable reimbursement policies for ENT procedures, as opposed to cosmetic procedures not covered by insurance, are driving market growth.

Additionally, the well-developed healthcare infrastructure, sophisticated equipment, skilled practitioners, and government support further fuel the demand for surgical devices in the region. The increasing prevalence of eye, nose, and ear diseases, along with various infections, is boosting the need for ENT surgical devices, with the U.S. market projected to grow at a CAGR of around 7%.

Category-wise Insights

The use of augmented visualizations is growing in the medical field, thanks to advancements in medical imaging technologies that provide physicians with a better understanding of anatomical and functional data.

Surgical visualization systems, which allow surgeons to markup pre-operative images and combine them with intraoperative images for a more comprehensive view, are expected to capture a market share exceeding 40%.

Read More: https://www.factmr.com/report/2454/ent-surgical-devices-market

Competitive Landscape

ENT surgical device manufacturers can increase revenue and market share through strategic collaborations and innovative technologies, allowing them to expand into new markets.

In October 2020, Intersect ENT completed the acquisition of Fiagon AG Medical Technologies, a manufacturer of electromagnetic surgical navigation solutions, in a deal valued at โ‚ฌ30 million over three years. This acquisition enables Intersect ENT to offer innovative products such as balloons, navigation systems, and localized drug delivery solutions to its customers.

The acquisition is expected to enhance Intersect ENT's ability to manage both routine and complex ENT procedures. Through this strategic partnership, the company aims to better serve the growing market for ENT surgeries and office-based procedures.

Key Segments Covered

By Product Type

Laser Devices
Hand Instruments
Powered System Devices
Radiofrequency ENT Electrosurgical Devices
Surgery Workstations
Navigation Systems
Visualization Systems
Microscopes

By End User

Hospitals
Ambulatory Surgical Centers
ENT Clinics

By Modality

Hand-held
Portable
Fixed

By Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=2454

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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