Demand for ENT medical devices is hugely driven by the geriatric population across the world, while increase in health awareness over the years has further spearheaded market growth. While the outbreak of the COVID-19 pandemic affected demand and supply patterns, especially for non-critical medical treatment, recovery of the diagnostics industry has been aiding demand growth since the last quarter of 2020.
The recent report on the ENT medical devices market by Fact.MR offers a detailed overview of the global industry along with its growth & restraining factors, potential, and new opportunities for key players. According to the report, ENT medical device manufacturers are focusing on leading regions such as North America, Europe, Asia Pacific, and Latin America, while 20+ countries will offer high growth scope to stakeholders in this field, with demand for diagnostic ENT devices especially high.
Request a report sample to gain comprehensive insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=5686
Key Takeaways from Market Study
- The global ENT medical devices market is set to expand at around 5.5% CAGR through 2031.
- High requirement for diagnostic ENT devices to spearhead demand growth.
- The United States to drive sales ENT medical devices in North America.
- Germany remains the epicenter of Europe’s ENT medical devices industry.
- Asia Pacific to emerge as the fastest-growing market for ENT medical devices.
- China, India, Canada, Japan, and France to maintain positive industry outlooks over the coming years.
“With the medical diagnostics and devices sector getting back on its feet, demand for ENT medical devices is spiraling upward. Additionally, manufacturers are bringing in a flurry of diagnostic ENT devices such as rhinoscopes, ontological endoscopes, and hearing screening devices in order to meet the huge demand,”
says a Fact.MR analyst.
How are Advancements in Medical Devices & Diagnostics Augmenting Market Growth?
Medical ENT devices have high requirement in diagnosing and treating various ENT diseases. According to Fact.MR, rise in demand for various rigid & flexible endoscopes, surgical ENT devices, and hearing aid devices is forecast to spur the growth of ENT medical device manufacturers over the coming years.
According to a report titled “Medical Technology Industry Spotlight”, published by SelectUSA, the United States remains the largest medical device industry in the world, valued at US$ 156 billion, and is expected to reach US$ 208 billion by 2023. As stated in a report titled “European Commission- Medical Devices Sector”, published by the European Commission, the European Union (EU) medical devices industry is highly advanced and comprises over 500,000 types of medical devices and IVDs. These statistics reveal the new opportunities awaiting ENT medical device suppliers around the globe.
Who is Winning in this Space?
The global ENT medical devices market is flourishing on new developments by industry players, while also providing a strictly competitive environment for them. In order to leverage the high industry potential, key players are launching a diverse range of products while investing heavily and partnering with potential players.
For instance,
- Siemens Healthineers placed 53 million new shares with institutional investors through an accelerated book-building offerings in order to increase its sales footprint.
- Atos Medical AB launched its new range of laryngectomy devices, voice Prosthesis solutions, HMEs, and others during the last 5 years.
Request More Information about Report Methodology https://www.factmr.com/connectus/sample?flag=RM&rep_id=5686
More Valuable Insights
In its latest report, Fact.MR offers an unbiased analysis of the ENT medical devices market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product (diagnostic ENT devices [rhinoscopes, laryngoscopes, ontological endoscopes, robot assisted endoscopes, and others], surgical ENT devices, hearing aids & implant devices, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
Explore Fact.MR’s Coverage on the Healthcare Domain
Veterinary Endodontics Market: A recent study by Fact.MR on the Veterinary Endodontics market offers an unbiased analysis on the opportunities and trends through 2021 and beyond. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the challenges, restraints, and opportunities for key market players along with key stakeholders and emerging players.
Therapeutic Support Surface Market: A detailed assessment of Therapeutic Support Surface Market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the market along with their product portfolios enhances the reliability of this comprehensive research study.
Computer-Assisted Orthopedic Surgery Market: Fact.MR delivers a detailed analysis on global Computer-Assisted Orthopedic Surgery Market with the strategies and competitive landscape for the upcoming period. The key players’ market share data provided by the report given you a detailed insights on the shortcomings and forthcomings of the market for the forecast period.
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Research Insight: https://www.factmr.com/report/ent-medical-devices-market
Press Release: https://www.factmr.com/media-release/1885/global-ent-medical-devices-market
Follow Us: LinkedIn | Twitter
