The growth of the global otorhinolaryngology devices market is majorly attributable to rise in prevalence of ear, nose, and throat diseases. In addition, increase in adoption of innovative otorhinolaryngology devices such as capsule endoscopes and robot-assisted otorhinolaryngology surgery along with ultra-high-definition visualization systems is anticipated to boost the market growth in the coming years.
Global otorhinolaryngology devices industry was pegged at $9.26 billion in 2018, and is expected to reach $13.99 billion by 2026, registering a CAGR of 5.2% from 2019 to 2026.
Otorhinolaryngology Devices Market business research report assesses the current as well as upcoming performance of the market, also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon the market dynamics.
Major market players
- Freudenberg SE (InHealth Technologies, Inc.)
- Hill-Rom Holdings, Inc
- Atos Medical AB, Cochlear Ltd
- Johnson & Johnson (Acclarent, Inc.)
- Medtronic Plc.
- Olympus Corporation
- Sonova Group
- Starkey Hearing Technologies
- Stryker Corporation
Key Benefits: –
The report presents the market analysis of the global Otorhinolaryngology Devices Market along with the regional trend and future estimations.
It provides extensive information about the market segments from 2019 to 2027 to understand the market dynamics.
The key factors that drive, hamper, or provide opportunities to the market are provided in the report.
Competitive landscape of the industry along with the profile analysis of market players is provided in the report. North America garnered largest share.
Incentives for market growth
High prevalence of chronic sinusitis, increase in adoption of minimally invasive ENT procedures, and rise in elderly population drive the growth of the global otorhinolaryngology devices market. However, limited awareness and high costs, and government regulations and reimbursement issues hamper the growth to certain extent. On the contrary, high growth prospects in emerging market would open new opportunities for the market players.
Read More: https://www.openpr.com/news/2167473/otorhinolaryngology-device-industry-size-share-advance
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