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SAN FRANCISCO , May 12, 2022 /PRNewswire/ -- The global surgical ENT devices market size is expected to reach USD 11.2 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.67% from 2022 to 2030. The high prevalence of hearing loss, increasing uptake of surgeries for the treatment of ENT disorders, and the availability of advanced surgical devices are certain factors positively impacting the market growth.
Key Insights & Findings from the report:
Read 120 page market research report, "Surgical ENT Devices Market Size, Share & Trends Analysis Report By Product (Radiofrequency Handpieces, Sinus Balloon Dilation Devices), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Surgical ENT Device Market Growth & Trends
Traditionally existing surgical procedures are slowly being replaced by minimally invasive surgeries in most advanced countries, such as the U.S., the U.K., and Japan . Surgical ENT devices for minimally invasive procedures are dominated by companies such as Karl Storz , which offer HD video rhino-laryngoscope that can be used for visualization of the nose, pharynx, and larynx in HD image quality.
The COVID-19 pandemic has significantly impacted the global economy. It adversely affected operational goals and long-term projections of businesses. The COVID-19 pandemic has increased the pressure on healthcare providers and caused the cancelation or postponement of various examinations and procedures. The number of elective procedures has decreased, which has also affected the sales of ENT medical devices.
In the worst-hit months of 2020, mass closure of ENT clinics and termination of elective surgical procedures in hospitals drove down sales of ENT medical devices. For instance, Olympus Corporation's revenue decreased by 21.7% in the first quarter of 2020 due to a decrease in revenue from all businesses with factors such as restrictions on sales promotion activities. Surgeries across most emerging markets, including Latin America and India , remained very low during the pandemic.
Surgical ENT Device Market Segmentation
Grand View Research has segmented the global surgical ENT devices market based on product and region:
Surgical ENT Device Market - Product Outlook (Revenue, USD Million, 2017 - 2030)
Surgical ENT Device Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players of Surgical ENT Device Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research's Medical Devices Industry Research Reports.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Web: https://www.grandviewresearch.com Grand View Compass | Grand View Pipeline Follow Us: LinkedIn | Twitter
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SOURCE Grand View Research, Inc.
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