Press release
ENT Devices Market: Major Trends Reshaping the Future of the Industry
ENT Devices
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What Will the ENT Devices Industry Market Size Be by 2025?_x000D_
In recent years, the size of the ENT devices market has seen robust growth. Its size is projected to increase from $33.82 billion in 2024 to $37.04 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. This growth during the historical period can be traced back to factors such as an aging population, the prevalence of chronic conditions, advancement in diagnostics, and healthcare reimbursement._x000D_
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What's the Long-Term Growth Forecast for the ENT Devices Market Size Through 2029?_x000D_
Expect profound growth in the ENT devices market size over the coming years, with projections placing it at $51.88 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.8%. Factors such as telemedicine and remote consultations, personalized medicine, value-based care, the growth of emerging markets, and the integration of artificial intelligence (AI) are contributing to this surge during the forecast period. There are also significant trends to note during this period, including the inclination towards minimally invasive procedures, the growth of remote monitoring and telehealth, the introduction of 3D printed urological implants, the rise of tele-audiology, and advancements in smart hearing protection._x000D_
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What Are the Key Growth Drivers Fueling the ENT Devices Market Expansion?_x000D_
The surge in cases of illnesses relating to the ears, nose and throat (ENT) is set to bolster the expansion of the ENT device market. The field of ENT covers a wide variety of health issues impacting these body parts, with ENT equipment being used for diagnosis, monitoring, and treatment. Globally, as pointed by a World Health Organization report in February 2023, a staggering number of more than 430 million people, around 5% of the global population, are expected to require rehabilitation for severe hearing loss, this is inclusive of both adults and children. In addition, projections suggest that by 2050, well over 700 million people will be grappling with some form of hearing loss. This escalation in ENT disorders is hence a significant driver for the progression of the ENT device market in the future._x000D_
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What Are the Key Trends Driving ENT Devices Market Growth?_x000D_
Key players in the ENT devices industry are pushing the boundaries of technology, developing systems like TruDi, to enhance their market profits. TruDi is a pioneering ENT navigation apparatus engineered to deliver trustworthy and efficient image-guided preoperative scheming and steering for ENT procedures. For instance, Acclarent Inc., a subsidiary of Johnson & Johnson Medical Devices Companies located in the US, unveiled their groundbreaking AI-based ENT technology, TruDi, in January 2022. The software package, including TruSeg and TruPath, is developed for use with the TruDi Navigation System. It leverages a machine learning algorithm to provide reliable and efficient image-guided preoperative planning and navigation for various ENT procedures, including endoscopic sinus surgery. The TruDi Navigation System itself is a novel single-use electromagnetically directed blade custom-made for ENT procedures._x000D_
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How Is the ENT Devices Market Segmented?_x000D_
The ENT devices market covered in this report is segmented - _x000D_
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1) 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 _x000D_
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users _x000D_
3) By Type of Expenditure: Public, Private _x000D_
4) By Product: Instruments Or Equipment, Disposables _x000D_
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Subsegments:_x000D_
1) By Hearing Aid Devices And Equipment: Behind-The-Ear (BTE) Hearing Aids, In-The-Ear (ITE) Hearing Aids, In-The-Canal (ITC) Hearing Aids, Completely-In-The-Canal (CIC) Hearing Aids, Bone Anchored Hearing Aids (BAHA) _x000D_
2) By Hearing Diagnostic Devices And Equipment: Audiometers, Tympanometers, Otoacoustic Emission (OAE) Equipment, Auditory Brainstem Response (ABR) Equipment _x000D_
3) By ENT Surgical Devices And Equipment: Endoscopes, Nasal Surgical Instruments, Laryngoscopes, Surgical Microscopes, ENT Lasers _x000D_
4) By Hearing Implants: Cochlear Implants, Bone Conduction Implants _x000D_
5) By Voice Prosthesis Devices And Equipment: Laryngeal Prostheses, Electrolarynx Devices _x000D_
6) By Nasal Splints: External Nasal Splints, Internal Nasal Splints _x000D_
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Which Companies Are Leading the Charge in ENT Devices Market Innovation?_x000D_
Major companies operating in the ENT devices market include 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._x000D_
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Which Regions Are Leading the Global ENT Devices Market in Revenue?_x000D_
Asia-Pacific was the largest region in the global ENT devices market in 2023. North America was the second largest region in the global ENT devices market. Africa. was the smallest region in the global ENT devices market. The regions covered in the ENT devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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