ENT DEVICES MARKET TO GROW TO $15.7 BILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.
The Business Research Company expects the ENT devices market to grow to $15.7 billion in 2020. Asia was the largest region in the ENT devices market in 2016, accounting for $4.6 billion.
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The chart below shows the year-on-year growth of the global ENT devices market during 2016 - 2020.
According to The Business Research Company’s Medical Equipment Consultant, Sandeep Kumar Bejini, customization of hearing aids and implants through 3D printing is one of the major trend in the ENT devices market. Companies in this segment design, develop and provide hearing aids in a range of colors, designs, metallics and prints depending on the patient’s needs. For instance, Cochlear Ltd. is customizing its hearing implants, sound processor covers, coil covers and Nucleus 5 sound processor with SkinIt. Phonak, Advanced Bionics and many other companies are also providing customized products.
Medtronic was the largest company in the ENT devices market. It is a medical technology, services and Solutions Company and serves hospitals, physicians, clinicians and patients in approximately 160 countries worldwide. Medtronic generated revenues of $1.67 billion from the surgical technologies segment in 2015. Medtronic’s growth strategy is to capture untapped business opportunities in emerging markets through public and private partnerships. Medtronic entered into a partnership with the Chengdu government in Sichuan Province to manufacture portable haemodialysis equipment.
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ENT devices are used for diagnosis, surgery and treatment of any kind of diseases related to ear, nose and throat and thereby correct the problems related to hearing, snoring, smelling or speaking. Diseases can include hear loss, chronic ear disease, airway stenosis, airway tumors, cancer, feeding and swallowing disorders, mastoiditis, voice disorders (Dysphonia), sinusitis and others. Some of the popular ENT devices available in the market are endoscopes, hearing aids, hearing implants, handheld surgical instruments, balloon sinus dilation devices, CO2 lasers, image-guided surgery systems, ear tubes, and voice prosthesis devices.
Ent Devices Global Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.
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