(MENAFN- Ameliorate Digital Consultancy)
Fact.MR, a supplier of market research and competitive intelligence, estimates that from 2016 to 2020, the global market for ENT surgical equipment will grow at a CAGR of over 6%. The major function of ENT surgical equipment is to perform surgery, therapy, and diagnosis for ear, nose, and throat conditions.
The need for innovative and advanced gadgets has significantly increased as a result of technological developments in the medical industry. Disruptive technical advancements in the ENT surgical market will proliferate in response to the new business strategy. Players in Tiers 1 and 2 will exercise market dominance. The forecast period of 2021–2031 is expected to have a CAGR of over 7%.
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In 2020, sales of ENT surgical equipment totaled US$2.5 billion. The ENT surgical device market will reach US$ 4.8 billion by 2031, expanding at a CAGR of roughly 7% between 2021 and 2031.
Researchers claim that the market is expanding primarily as a result of the rise in ENT conditions and the number of people having plastic surgery. ENT surgical equipment are getting more and more popular among healthcare institutions as robotic surgery gains prominence.
Key Companies Profiled
Olympus Corporation Medtronic PLC Carl Zeiss Meditec AG 16.4.Danaher Corporation (Leica Microsystems) Shanghai Fosun Pharmaceuticals Ltd. (AC. Alma Lasers) KLS Martin LP Acclarent Inc. Smith and Nephew PLC ClaroNav Collin SAS Lumenis Brainlab
After reading the report on Global ENT Surgical Devices Market, readers get insight into:
The prevailing challenges, restraints, opportunities, and drivers of the market The competitive landscape with profiles of leading market players New as well as promising avenues for revenue generation in key regions of the market Emerging revenue streams for all the players in the developing regions Influence of Covid-19 in the market and how the pandemic is going to shape the contours of the market in the forthcoming years Technologies and business models with disruptive potential Role of regulatory bodies in boosting new growth opportunities of the market across different parts of the world How new market developments are likely to influence the market at large in the near future
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Why are ENT Surgical Devices Sales Increasing in the U.S?
One of the biggest market shares for ENT devices is held by the U.S. The market for these devices is being driven by the growing attractive reimbursement rates for ENT operations, which are not covered by insurance policies.
The demand for surgical devices in these areas is also influenced by a developed healthcare system, highly advanced technology, competent practitioners, and government backing.
The demand for ENT surgical devices is being driven by an increase in incidence of disorders of the nose, ears, and eyes as well as numerous dangerous infections. The U.S. market is predicted to grow at a CAGR of about 7%.
Key Segments Covered
By Product Type Laser Devices Hand Instruments Powered System Devices Radiofrequency ENT Electrosurgical Devices Surgery Workstations Navigation Systems Visualization Systems Microscopes
By End User Hospitals Ambulatory Surgical Centers ENT Clinics
By Modality By Region North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
What Do You Get in a Fact.MR Study?
Factors affecting the overall development of the ENT Surgical Devices Market The factor that might restrain the growth of the global ENT Surgical Devices market in the coming years of the forecast period What is the present competitive scenario of the global ENT Surgical Devices Market and its intricate details concerning potential business prospects of leading market players Pricing strategies of several different market players in the global market
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