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The ENT devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

Read More On The ENT Devices Market Report 2022 – https://www.thebusinessresearchcompany.com/report/ent-devices-global-market-report

The ENT Devices Market Size In 2022 And Forecast

The global ENT devices market grew from $27.1 billion in 2021 to $30.08 billion in 2022 at a compound annual growth rate (CAGR) of 11.0%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The ent devices market is expected to grow to $41.04 billion in 2026 at a CAGR of 8.1%.

The ENT devices market consists of sales of ENT devices and related services by entities (organizations, sole traders, and partnerships) that produce ENT devices used in the diagnosis and treatment of ear, nose, and throat diseases.

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Introduce In New Healthcare Acts Is Driving The Growth Of The ENT Devices Market

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. The healthcare services market in the UK increased by $300.8 billion in 2019. Favourable government decisions and increased healthcare spending increased the demand for healthcare services and this drove the demand for ENT devices during this period.

Competitive Landscape And The Regional Analysis Of The ENT Devices Market

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.

Additionally, as per TBRC’s research – Asia Pacific was the largest region in the ENT devices market in 2021 holding the largest market share.

The ENT Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ENT devices market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa., South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the ENT devices market.

Investing In Technologies To Develop User-Friendly And Non-Invasive Equipment – A Key Trend In The ENT Devices Market

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.

ENT Devices Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The ENT Devices Market –

Hearing Diagnostic Devices And Equipment Global Market Report 2022

Endoscopy Devices And Equipment Global Market Report 2022

ENT Surgical Devices And Equipment Global Market Report 2022

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