ENT Devices Market Size, Share, and Trends 2024 to 2034

The global ENT devices market was valued at USD 24.51 billion in 2023 and is expected to hit USD 37.2 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 4.74% during the forecast period 2023 to 2032. 

Key Takeaways

• North America led the global market with the highest market share of 36% in 2022.
• Asia Pacific region is estimated to expand the fastest CAGR between 2023 and 2032.
• By Product, the diagnostic ENT devices segment has held the largest market share of 31% in 2022.
• By End User, the hospitals segment captured the biggest revenue share in 2022.

ENT Devices Market in the U.S. 2023 To 2032

The U.S. ENT devices market size was valued at USD 6.15 billion in 2023 and is expected to reach USD 9.38 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032.

Based on region, North America dominated the global ENT Devices market in 2022, in terms of revenue share of 36% and is estimated to sustain its dominance during the forecast period. Presence of developed healthcare infrastructure, increased health consciousness, rising healthcare expenditure, and rapidly surging popularity of the minimal invasive surgeries are the several crucial factors that spur the demand for the ENT devices in North America.

On the Other hand, Asia Pacific is expected to be the fastest-growing market during the forecast period. The growing prevalence of ear, nose, and throat related disorders among the old age population is fueling the demand for the ENT devices. According to the World Health Organization, the proportion of the global population of over 60 years is anticipated to double from 12% to 22%, between 2015 and 2050. Around 80% of the global geriatric population will be living in low and middle-income nations. Hence, Asia Pacific is estimated to be the fastest-growing market in the forthcoming years.

Growth Factors

• The abbreviation ENT stands for ear, nose, and throat, and ENT devices refers to the instruments that deal with these organs. These devices are used by doctors to treat medical conditions related to ear, nose, and throat.
• A wide range of ENT devices are available in the market that are designed for dealing with problems in the structures of the head and neck such as the ear, nose and throat. Some of the major instruments used are Aural Forceps, Nasal Forceps, Tongue Depressors, Speculums, and Laryngoscopes. Demand for these devices is rising as they eases the process of treatment and convenience. Moreover, the growing prevalence of ear, nose, and throat problems among adults is a primary factor driving global demand for ENT equipment.
• Ear, nose, and throat disorders have a substantial negative impact on one's quality of life and are the most common reason for frequent hospital visits. Furthermore, as the elderly population grows, the frequency of hospital visits connected to ENT disorders continues to climb and hence, the industry is rising.
• The ENT surgical devices and equipment uses is being driven by rising demand and adoption of minimally invasive ENT surgeries. Patients benefit from minimally invasive ENT operations because they have smaller incisions, faster recovery times, less pain, and less scarring.
• The market for these devices is being boosted greatly by the fast-increasing biotechnology and healthcare industries in developed nations such as U.S. and Canada. However, the ENT device market is hampered by the high cost of ENT devices and procedures, as well as the high cost of equipment.
• The high cost of ENT operations, which is related to increased research and development expenditures as well as other constant and variable costs connected with medical equipment, is a major stumbling block.
• As the healthcare industry is one of the highest growing industries across globe, the diseases and disorders related to ENT will also boost, hence the demand for these devices will boost.

ENT Devices Market Scope

Product Insights:

Based on product, the diagnostic ENT devices segment dominated the market 31% in 2022, in terms of revenue and is expected to sustain its dominance during the forecast period. This is attributable to the introduction of new technologies and availability of several products in the market.

The hearing aids segment is expected to grow at the noteworthy CAGR during the forecast period due to an increase in investment on R&D by market players.

End User Insights

Based on end user, the hospitals segment dominated the global ENT Devices market in 2022, in terms of revenue and is estimated to sustain its dominance during the forecast period. The factors augment the growth of the segment are increasing demand for hearing care devices and presence of large hospitals chains.

The clinics segment is expected to be the fastest-growing segment during the forecast period. This is attributed to the advancements in clinical diagnostic methods and increasing awareness about diagnosis and treatment of the disease.

Key Companies & Market Share Insights

• The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.
• In September 2019, Cochlear Limited and GN Hearing collaborated with google for direct streaming android devices to hearing using Bluetooth Low Energy (BLE).
• In September 2020, WS Audiology is a privately-owned manufacturer of hearing aids, launched of WIDEX MOMENT-the first generation of hearing aids that sound natural.
• The various developmental strategies like acquisitions and mergers foster market growth and offers lucrative growth opportunities to the market players.

ENT Devices Market Players

• Demant A/S
• Sonova
• Ambu A/S
• Pentax Medical
• Karl Storz
• Olympus Corporation
• Richard Wolf Gmbh
• Widex
• Cochlear Ltd.
• Sivantos, Inc.

Segments Covered in the Report

By Product

• Diagnostic ENT Devices
• Surgical ENT Devices
• Hearing Aids
• Hearing Implants
• Nasal Splints

By End User

• Hospitals
• Ambulatory settings
• ENT clinics
• Research and academic institutes
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World