SAN FRANCISCO, July 9, 2018
SAN FRANCISCO, July 9, 2018 /PRNewswire/ --
The global ENT devices market size is expected to reach USD 23.1 billion by 2022, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0% during the forecast period. Rising geriatric population and increasing prevalence of ENT related disorders are the primary factors stoking the growth of the market.
According to WHO, 33.0% of geriatric population and 15.0% of adult population worldwide suffer from hearing disordersBesides this, in 2015, 13,560 new cases were registered according to the National Cancer Institute. Increasing cases of hearing disorders are estimated to increase the usage of hearing devices.
Technological advancements and user-friendly ENT devices are further projected to drive the industry. For instance, use of thermoplastic material for development of nasal splints is gaining demand. Developing economies such as South Africa, Brazil, China, and India are anticipated to provide significant opportunities for the growth of the market due to unmet healthcare needs coupled with presence of target population.
Hearing aids were the largest segment in 2016. Rising target population, high accessibility, and significantly high usage are the key factors contributing to the growth of the market. The hearing implants segment is likely to witness fast growth during the forecast period due to introduction of technologically advanced devices and soaring rate of patient compliance overcoming social stigma towards use of such devices.
Browse full research report with TOC on "ENT Devices Market Size, Share & Trends Analysis Report By Product (Hearing Aids, Hearing Implants, Diagnostic Devices, Surgical Devices, Nasal Splints), By Region, Vendor Landscape, And Segment Forecasts, 2012 - 2022" at: https://www.grandviewresearch.com/industry-analysis/ent-ear-nose-and-throat-devices-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global ENT devices market on the basis of product, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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