2018 Report on ENT Devices - Worldwide Market Overview & Outlook 2012-2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The “ENT Devices Market Size, Share & Trends Analysis Report By Product (Hearing Aids, Hearing Implants, Diagnostic Devices, Surgical Devices, Nasal Splints), By Region, Vendor Landscape, And Segment Forecasts, 2012 - 2022” report has been added to ResearchAndMarkets.com’s offering.
The global ENT devices market size is expected to reach USD 23.1 billion by 2022, expanding at a CAGR of 5% during the forecast period. Rising geriatric population and increasing prevalence of ENT related disorders are the primary factors stoking the growth of the market.
According to WHO, 33% of geriatric population and 15% of adult population worldwide suffer from hearing disorders. Besides this, in 2015, 13,560 new cases were registered according to the National Cancer Institute. Increasing cases of hearing disorders are estimated to increase the usage of hearing devices.
Technological advancements and user-friendly ENT devices are further projected to drive the industry. For instance, use of thermoplastic material for development of nasal splints is gaining demand. Developing economies such as South Africa, Brazil, China, and India are anticipated to provide significant opportunities for the growth of the market due to unmet healthcare needs coupled with presence of target population.
Hearing aids were the largest segment in 2016. Rising target population, high accessibility, and significantly high usage are the key factors contributing to the growth of the market. The hearing implants segment is likely to witness fast growth during the forecast period due to introduction of technologically advanced devices and soaring rate of patient compliance overcoming social stigma towards use of such devices.
Key FindingsCochlear implant is one of the largest segments of the hearing implants market. Growing customization in cochlear implants is the major factor responsible for its higher usage. Major players are introducing novel devices to increase their market share. For instance, HiQ+ series of bipolar endoscopes by Olympus Medical Systems and Soundbridge by MED-EL.
Key Topics Covered
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 ENT Devices Industry Outlook
Chapter 4 ENT Devices Product Outlook
Chapter 5 ENT Devices Regional Outlook
Chapter 6 Competitive Landscape - Company ProfilesWilliam Demant Holding A/S Sonova Holding AG Widex A/S Cochlear Limited Siemens Healthcare Starkey Laboratories Inc. GN ReSound A/S Rion Co. Ltd. Welch Allyn Atos Medical AB
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Related Topics:ENT Devices
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 08/31/2018 08:18 AM/DISC: 08/31/2018 08:18 AM