October 16, 2019 by Amanpreet
Fact.MR has recently published a fresh research report that carefully inspects the ENT surgical devices market for the period between 2018 and 2028. The study titled “ENT Surgical Devices Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028”, serves as an informative data source that includes knowledge associated to market dynamics, market value (US$ Mn), Y-o-Y growth comparison and a lot more. Overall, the concerned assessment unravels the actual scenario prevailing in the global ENT surgical devices market influenced by technological innovations and medical trends.
According to research findings, the global market for ENT surgical devices is likely to surpass US$ 2,500 million in 2019. Furthermore, the ENT surgical devices market is projected to grow at 6.4% CAGR by the end of 2028. This outstanding growth can be credited to certain motivating aspects such as technological advancements augmenting ENT procedure outcome and reimbursement policies favoring ENT surgeries.
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Ongoing Implementation of Advanced Technology Supporting Market Growth
At present, ENT surgical devices marketplace focuses on a broad collection of surgical instruments and equipment. It is encouraged by evolving demand trends as well as amplified focus on health-based delivery model. Furthermore, the expansion of minimally invasive surgical instruments is on a roll, thereby, inspiring ENT surgical devices manufacturers to integrate multiple technology innovations for the creation of devices possessing enhanced capabilities. Some of the trending innovations observed in the ENT surgical devices market include 3D-guided surgery, microscopy advances, improved imaging and digital interpretations.
Hospitals Segment Acquire Major Revenue Share in the Global Market
According to this Fact.MR valuation, the ENT surgical devices market reached US$ 2,345 million in 2018; this growth trend is likely to sustain in 2019. Interestingly, hospitals continued to manage greater market share in the ENT surgical devices market during the previous year. This development can be attributed to improved hospital infrastructure merged with well-equipped ENT instruments that previously delivered over half the global revenue share focused at the hospitals segment.
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North America to Showcase Dominant Status
Considering the regional segmentation, North America rules the ENT surgical devices market and is likely to account for more than one forth revenue share by 2019-end. The overall market development in North America is supported by advantageous healthcare reimbursement coverage. Moreover, the availability of industry leaders in the regions helps to contribute to the higher market revenues.
On the other hand, Europe is chasing North America as it holds the second largest revenue share. Surprisingly, Europe and APEJ jointly held more than half the revenues in 2018. Currently, Europe showcases an established market that is steered by improved healthcare infrastructure.
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The final section of the report furnishes imperative data linked to the competitive scenario active in the global ENT surgical devices market. Some of the major market leaders mentioned in the report include Olympus Corporation, Medtronic PLC, Carl Zeiss Meditec AG, Shanghai Fosun Pharmaceuticals Ltd. (AC. Alma Lasers), Danaher Corporation (Leica Microsystems), Happersberger Otopront GmbH, Acclarent, Inc., Accurate Surgical & Scientific Instruments Corporation and Smith and Nephew PLC. Each of these players are examined in terms of key financials and region wise share.
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