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ENT Devices Market Revenue to Surpass $31,805.3 Million by 2030, says P&S Intelligence

NEW YORK, May 11, 2022 — The global ENT devices market was valued at $17,439.8 million in 2021, which is set to reach $31,805.3 million by 2030, rising at a CAGR of 6.9% from 2021 to 2030, according to P&S Intelligence. The growing population of older people boosts the demand for these devices since they are more prone to hearing loss and throat & nose problems. According to the WHO, the number of elderly individuals is expected to increase by 15% by 2050.

Furthermore, over the past few years, the healthcare system has seen a paradigm change from traditional surgeries to less-invasive procedures. Oncology, urology, and gastroenterology are among the medical subspecialties where minimally invasive procedures have already become popular. Similarly, this trend has been progressively rising in the ENT profession.

Key Findings of ENT Devices Market Report

The hospitals category accounted for more than 42% revenue share in the market in 2021. In the worldwide healthcare system, hospitals are the primary treatment facilities, playing an important part in the delivery of care in the ENT specialty. In fact, in many emerging economies, hospitals are the only places where an ENT surgery may be performed.

To enhance their product portfolios and augment their profits, key players in the ENT devices market have been continuously involved in new introductions. Smith & Nephew plc, Medtronic plc, Stryker Corporation, Olympus Corporation, Boston Scientific Corporation, Hoya Corporation, Widex A/S, Oticon A/S, and Karl Storz Gmbh & Co. KG are the major hearing aids providers around the world.

ENT Devices Market Segmentation Analysis

 By Product Type

By End User

By Regional Outlook

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455

Source: PRNewswire

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