Report ID: SQMIG35A2203
Report ID:
SQMIG35A2203 |
Region:
Global |
Published Date: September, 2024
Pages:
251
|
Tables:
65 |
Figures:
75
Global ENT Devices Market size was valued at USD 17.3 billion in 2022 and is poised to grow from USD 18.45 billion in 2023 to USD 30.81 billion by 2031, growing at a CAGR of 6.62% during the forecast period (2024-2031).
Instruments dealing with the ear, nose, and throat organs are known as ENT devices. Doctors use these instruments to cure these medical organs’ disorders. The regular function of these organs is generally disrupted by different causes including aging and sinusitis. There are several reasons for such growth of ENT market like there is high prevalence of ENT-associated diseases in the global scenario, the usage of minimally invasive ENT procedures is also escalating, and the other vital growth aspect is the surging geriatric population. Further, there is an increasing role of the technological factors that are growing the scope of market. The demand for sophisticated devices, for instance, robot-assisted endoscopes is more in the advanced countries such as the U.S. than developing countries due to its high cost. The market penetration for ear, nose, throat devices is expected to rise greatly owing to growing healthcare spending by governments and growth of per capita income. The sales of the devices will grow incredibly fast in the developing economies due to higher incidences of ENT diseases including hearing loss. Furthermore, an expanding trend of better delivery of the healthcare facilities in these regions is expected to enhance the sales.
US ENT Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35A2203