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The global ENT devices market is growing due to the increasing global healthcare expenditure, and growing cases with sinusitis. Furthermore, rapid urbanization in developing countries also leads to increased demand of these devices. The introduction of customizable implants designed specifically for each patient, in order to correct defects, is the major trend witnessed in the global ENT devices market. ENT devices are those medical devices, which help in the diagnosis, treatment and surgery of diseases associated with ear, nose, and throat. ENT devices helps in hearing, smelling and speaking capabilities of patients, by improving functioning of ear, nose, and throat of patients.
Some of the other factors driving the growth of the global market of ENT devices include the technological advancements leading to their advanced applications, and growing cases of chronic ear infection. In addition, the growth of aging population also supports the growth of these devices, as geriatric population is more prone to hearing loss and disorders associated with throat and nose. These devices also help to prevent snoring and sleep apnea. However, the high price of these devices and technical errors linked with the batteries of hearing aids devices are some of the key factors, restraining the growth of the global ENT devices market.
Geographically, North America dominates the global market of ENT devices, due to the increasing prevalence of chronic ear infection, growth of sinusitis cases, and hearing loss cases along with the growth of geriatric population. In addition, the growing awareness leading to increased acceptance of this device in the region is increased demand of ENT devices. The Asian market is expected to grow with a high growth rate, where China and India is expected to witness the fastest growth in the region. The key growth driving forces for the market in the developing countries are the high patient pool with sinusitis, increasing awareness of these devices, and increasing aging population.
Some of the major companies operating in the global ENT devices market are Sonova Holding AG, Siemens Healthcare, Cochlear Ltd., Starkey Laboratories Inc., Beltone, Rexton Inc., William Demant Holding A/S, Widex A/S, GN ReSound A/S, Panasonic Corp., Miracle-Ear Inc., Avada Hearing Care, Nuear Hearing Aids Inc., Sonic Innovations Inc., American Hearing Systems Inc., Zounds Inc., Bernafon, MED-EL GmbH, Unitron Hearing Inc., and Audiosync Inc.
ENT Devices Market Segmentation