The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s ENT devices market report forecasts the ENT devices market size to grow to $45.04 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The ENT Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/ent-devices-global-market-report

ENT Devices Market Size Forecast
The global ENT devices market is expected to grow from $30.21 billion in 2022 to $32.98 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ENT devices market is expected to grow to $45.04 billion in 2027 at a CAGR of 8.1%.

Asia-Pacific held the largest ENT devices market share.

Key ENT Devices Market Driver ­– Increase In The Demand For Healthcare Services
In 2021, the Indian government launched Ayushman Bharat PradhanMantri Jan ArogyaYojana (AB-PMJAY) is providing health assurance cover of up to ?5 Lakh per year per family for secondary and tertiary healthcare hospitalizations. Favourable government decisions and increased healthcare spending increased the demand for healthcare services and this drove the demand for ENT devices during this period.

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Key ENT Devices Market Trend – Investing In Technologies
ENT device manufacturers are investing in technologies to develop user-friendly and non-invasive equipment. They are continuously investing funds and resources into R&D to increase the scope of their devices. For instance, Intersect ENT developed Propel Mometasone Furoate Implant (PMFI) to treat chronic sinusitis. It is a bio-absorbable steroid that is placed directly into the sinus mucosa. It controls the release of drugs and dissolves over time. In another breakthrough in sinusitis treatment, SinuSys Corporation received FDA approval for its Vent-Os Sinus Dilation device. It is a small, low-pressure insert that is designed to gently open the sinus ostia and use the body’s natural mucosal fluids to expand the device.

ENT Devices Market Segment
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
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables

ENT Devices Market Major Players and Strategies
Major players in the ENT devices market are Sonova Holdings AG, William Demant Holdings A/S, Medtronic Inc., GN Store Nord A/S, Cochlear Limited, Olympus Corporation, Stryker Corporation, Karl Storz SE & Co KG, Merck & Co, and Smith & Nephew plc.

The ENT Devices Global Market Report 2023 covers regional data on ENT devices market size, ENT devices market trends and drivers, opportunities, strategies, and ENT devices market competitor analysis. The countries covered in the ENT devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The ENT devices are used in the diagnosis and treatment of ear, nose, and throat diseases.

View More Reports Related To The ENT Devices Market –
ENT Surgical Devices And Equipment Global Market Report 2023
Minimal Invasive Surgery Devices Global Market Report 2023
Hearing Aid Devices And Equipment Global Market Report 2023

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