ENT Devices Market Is Likely To Up Demand At A USD 37.72 Billion By 2030

 San Francisco, 2 May 2024: The Report ENT Devices Market Size, Share & Trends Analysis Report By Product (Hearing Aids, Hearing Implants, Diagnostic ENT Devices, Surgical ENT Devices, Nasal Splints), By Region, And Segment Forecasts, 2024 - 2030

The global ENT devices market size is anticipated to reach USD 37.72 billion by 2030, growing at a CAGR of 5.54% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to factors such as a rising geriatric population, high prevalence of hearing loss, and increasing penetration of minimally invasive surgeries. Technological advancements in this field, an increase in healthcare investment for early detection of diseases, and favorable regulatory policies are other factors expected to drive the market’s growth.

The risk of poor immunity increases with age, making older people more vulnerable to disorders of the nose and throat. To address this issue, elderly people need regular check-ups for ENT disorders, which is leading to a rise in demand for ENT devices. According to the Royal National Institute for Deaf People (RNID), over 12 million people in the UK suffered from hearing loss. Out of these, over 40% of people were in the 50s & above, and more than 70% of people were in the 70s & above.

Hearing loss is a common chronic physical condition affecting the people of all ages. It is the third-most common condition after high blood pressure and arthritis. It is more prevalent in elder population, particularly in people over 65 years of age, and 1 in 3 people are likely to suffer from a disabling hearing loss. It can negatively impact communication and leading to depression, anxiety, social isolation, and cognitive decline. According to the National Institute on Deafness and Other Communication Disorders, 15% of the total U.S. population over 18 years of age are likely to have a hearing impairment. In addition, men are more likely to be affected with hearing loss than women.

Access Research Report of ENT Devices Market @ https://www.grandviewresearch.com/industry-analysis/ent-ear-nose-and-throat-devices-market

ENT Devices Market Report Highlights

• Based on product type, hearing aids held the largest revenue share of over 30% in 2023 and is estimated to grow at the fastest CAGR from 2024 to 2030, owing to the increasing adoption of hearing aids devices and the prevalence of hearing loss due to the growing geriatric population
• The hearing implants segment is expected to grow at the second fastest CAGR over the forecast period.This can be attributed to the increasing adoption of hearing implants, rising awareness about cochlear implants as non-invasive procedures
• North America dominated the market in 2023, due to several factors such as increased demand for hearing care devices, the presence of large hospital chains, highly equipped ambulatory facilities, and a significant target population
• In February 2023, Innovia Medical launched the Summit of Medical ENT product range at BACO International 2023 held in the UK. The product range featured various premium essentials, including Ventilation Tubes and Grommets, Denver Splint, AbsorbENT Nasal and Sinus Packs, and Rhino Rocket

ENT Devices Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 27.30 billion
Revenue forecast in 2030	USD 37.72 billion
Growth rate	CAGR of 5.54% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

List of Key Players in the ENT Devices Market

• Ambu A/S
• Cochlear Ltd.
• Demant A/S
• GN Store Nord A/S
• Karl Storz
• Olympus Corporation
• PENTAX Medical
• Richard Wolf GmbH
• Rion Co., Ltd.
• Smith & Nephew plc
• Sonova
• Starkey Laboratories, Inc.
• Stryker
• Nico Corporation
• Nemera

Access Press Release of ENT Devices Market @ https://www.grandviewresearch.com/press-release/global-ent-devices-market