0
2020
Otorhinolaryngology Devices Market

Otorhinolaryngology Devices Market

by Product Type (Diagnostic Devices, Surgical Devices, Hearing Aids, Image Guided Surgery Systems, and Others) and End User (Hospitals, ENT Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

Report Code: A06035
Pages: 207
Feb 2020 | 4474 Views
Author(s) : Snehal M , Onkar S
Tables: 89
Charts: 42
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Otorhinolaryngology Devices Market

Request Now !

Otorhinolaryngology Devices Market Overview:

The global otorhinolaryngology devices market size was valued at $9,268 million in 2018, and is projected to reach $13,999 million by 2026, registering a CAGR of 5.2% from 2019 to 2026. Otorhinolaryngology devices are the equipment used for the diagnosis and therapy of any disorder related to ear, nose, or throat. There are a wide range of otorhinolaryngology devices, which include endoscopes, surgical instruments, hearing aids, hearing implants, voice prosthesis devices, and others available across the world. These devices are used to treat any problem related to hearing, smelling, snoring, or speaking. The general otolaryngologists do not limit their practice to any one portion of the head and neck and can treat a variety of conditions. Some ENT specialists pursue additional training in the following subspecialty areas such as ear, nose, throat, head & neck (thyroid), sleep, facial plastic & reconstructive surgery, and pediatrics. The otorhinolaryngology devices market is the consolidated market and the presence of major manufacturers such as Medtronic, Stryker, and Olympus Corporation, among others drives the market growth. These manufacturers are primarily focusing on the development of advanced otorhinolaryngology devices, for instance, Medtronic offers powered ENT instruments that provide better precision, surgical access, and patient outcomes for a variety of ENT surgeries.

Otorhinolaryngology Devices Market

The global otorhinolaryngology devices market is anticipated to experience significant growth during the forecast period due to high prevalence of chronic sinusitis and rise in adoption of minimally invasive ENT procedures. In addition, rapidly growing aging population further supplement the growth of this market. However, high cost of otorhinolaryngology instruments and procedure and stringent government regulations are expected to hinder the growth of the market globally. On the contrary, various growth opportunities from emerging economies can provide lucrative opportunities for the otorhinolaryngology devices market growth.

Product Segment Review

Depending on product, the global otorhinolaryngology device market is divided into diagnostic devices, surgical devices, hearing aids, image guided surgery systems, and others. The diagnostic devices segment was the major revenue contributor in 2018, and is anticipated to continue this trend during the forecast period. This is attributed to rise in ageing population; high demand of minimally invasive ENT procedures; technological advancements in the ENT diagnostic devices; availability of endoscopes which provide full view of small spaces of the ear, nose, and throat; and upsurge in the adoption of technologically advanced diagnosis devices.

Otorhinolaryngology Devices Market
By Product

Your browser does not support the canvas element.

Diagnostic Devices segment is projected as one of the most lucrative segment.

Get more information on this report : Request Sample Pages

End User Segment Review

By end user, the global otorhinolaryngology devices market is divided into hospitals, ENT clinics, and others. The others segment includes ambulatory surgical center and home use devices and is projected to exhibit the highest growth during the forecast period. This is attributed to the high demand of cost-effective surgical procedures, rise in number of geriatric populations, and long-term use of otorhinolaryngology devices such as hearing aids.

Otorhinolaryngology Devices Market
By End User

Your browser does not support the canvas element.

Others segment holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

Region Segment Review

North America held the largest share of the global otorhinolaryngology devices market in 2018, owing to its well-established healthcare infrastructure, upsurge in adoption of advanced technology, and rise in prevalence of eye, ear, and throat diseases in the region. However, Asia-Pacific is expected to exhibit the highest CAGR during the forecast period, owing to large geriatric population base, increase in prevalence of chronic diseases, and increase in investment for the improvement in healthcare facilities by government and private companies.

Otorhinolaryngology Devices Market
By Region

2026
North America 
Europe
Asia-Pacific
LAMEA

North America segment holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

The global otorhinolaryngology devices market is highly competitive, and the prominent players in the market have adopted various strategies for increasing their otorhinolaryngology devices market share. These include expansion of their geographical presence through product launch, product development, product approval, and acquisition. Major players operating in the global otorhinolaryngology devices market include Atos Medical AB, Cochlear Ltd., Freudenberg SE (InHealth Technologies, Inc.), Hill-Rom Holdings, Inc., Johnson & Johnson (Acclarent, Inc.), Medtronic Plc., Olympus Corporation, Sonova Group, Starkey Hearing Technologies, and Stryker Corporation.

Other key players (not included in the report) of the otorhinolaryngology devices market include Smith & Nephew plc, Hoya Corporation, William Demant Holdings A/S, Stema Medizin, Siemens Healthcare, and among others.

Key Market Benefits:

  • This report provides a detailed quantitative analysis of the current otorhinolaryngology devices market trends and estimations from 2018 to 2026, which assist to identify the prevailing opportunities.
  • An in-depth otorhinolaryngology devices market analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
  • Region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2019 to 2026 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global market.

Otorhinolaryngology Devices Market Report Highlights

Aspects Details
By Product
  • Diagnostic Devices
  • Surgical Devices
  • Hearing Aids
  • Image-guided Surgery Systems
  • Others
By End User
  • Hospitals
  • ENT Clinics
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Atos Medical AB, Cochlear Ltd., Freudenberg SE (InHealth Technologies, Inc.), HILL-ROM HOLDINGS, INC., Johnson & Johnson (Acclarent, Inc.), Medtronic Plc., Olympus Corporation, Sonova Group, Starkey Hearing Technologies, Stryker Corporation
 

Loading Table Of Content...


 
 

The otorhinolaryngology devices market is expected to witness a healthy growth with rise in demand for minimally invasive surgical procedures. Otorhinolaryngology devices have witnessed increased adoption in the healthcare industry, owing to rise in number of otorhinolaryngology procedures and increase in usage of these devices in emerging applications to diagnose and treat abnormalities of ear, nose, and throat. However, stringent regulatory guidelines for the approval of otorhinolaryngology device, high cost of treatment, and low reimbursement policy are expected to hamper the market growth

The use of otorhinolaryngology devices is highest in North America, owing to increased adoption of advanced ENT diagnostic and surgical products and heavy expenditure by the government on healthcare, followed by Europe and Asia-Pacific. In addition, otorhinolaryngology devices providers and distributors focus to expand their presence in the emerging economies, which is anticipated to drive the market growth.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The total market value of Otorhinolaryngology Devices Market is $9,267.8 million in 2018.

A. The forecast period for Otorhinolaryngology Devices Market is 2019 to 2026

A. The market value of Otorhinolaryngology Devices Market in 2019 is $9,796.7 million

A. The base year is 2018 in Otorhinolaryngology Devices Market

A. Top companies such as, Cochlear Ltd., Freudenberg SE (InHealth Technologies, Inc.), Hill-Rom Holdings, Inc., Johnson & Johnson (Acclarent, Inc.), Medtronic Plc., Olympus Corporation, Sonova Group, Starkey Hearing Technologies, and Stryker Corporation, held a high market position in 2018.

A. Diagnostic Devices segment is the most influencing segment growing in the Otorhinolaryngology Devices Market

A. The key trend in the Otorhinolaryngology Devices Market is increase of minimally invasive surgical (MIS) techniques across the globe which drives the growth of the market.

A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as China and India with a CAGR of 8.0% and 7.5% respectively.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Otorhinolaryngology Devices Market

Start reading instantly.
This Report and over 19,644+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Feb 2021 - Feb 2022)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2021 - Feb 2022)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2021 - Feb 2022)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2021 - Feb 2022)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2021 - Feb 2022)
  • Library
    Membership

  • $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers