The global ENT Devices market size is expected to be worth around US$ 32.05 billion by 2030, according to a new report by Vision Research Reports.
The global ENT Devices market size was valued at US$ 27.2 billion in 2020 and is anticipated to grow at a CAGR of15.0% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 32.05 billion by 2030 |
| Growth Rate | CAGR of15.0% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Demant A/S; Sonova; Ambu A/S; Pentax Medical; Karl Storz; Olympus Corporation; Richard Wolf Gmbh; Widex; Cochlear Ltd.; Sivantos, Inc.; Starkey Hearing Technologies; Gn Resound A/S; Rion Co., Ltd.; Welch Allyn; Atos Medical Ab |
Growth Factors
Widening base of geriatric population worldwide is leading to increased prevalence of age-related illnesses such as hearing loss and decrease in functioning levels of ENT. This, in turn, is expected to augment the market. Rising disposable income and well-established healthcare infrastructure are also projected to work in favor of the market.
Rise in age also causes weak immunity system, which makes older people more susceptible to infections such as sore throat. According to the Action on Hearing Loss Information, one out of every six people or over 10 million people in the U.K. suffered from hearing loss. Out of these, 6.4 million people belonged to the age group of 65 and above and 800,000 people suffered from severe or profound deafness.
Key Players
Siemens Healthcare; Widex A/S; Atos Medical AB; Starkey Laboratories Inc.; GN ReSound A/S; William Demant Holding A/S; Sonova Holding AG; Cochlear Limited; Rion Co.; Ltd.; and Welch Allyn.
Market Segmentation
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